Describe the roles and responsibilities of administrative, management, and supervisory bodies regarding impacts, risks, and opportunities, including oversight structure, delegation, reporting lines, and target-setting processes.
CSRD
Identification of Oversight Bodies & Individuals:
Specify the administrative, management, and supervisory bodies or individuals responsible for overseeing sustainability-related impacts, risks, and opportunities (IROs).
Provide names, roles, and relevant expertise where applicable.
Responsibilities in Governance Documents:
Explain how these oversight responsibilities are formally embedded in terms of reference, board mandates, charters, or policies.
Highlight any specific sustainability-related duties, decision-making powers, or accountability mechanisms.
Management’s Role in Governance & Controls:
Describe how management is involved in the governance of IROs, including:
Monitoring, managing, and overseeing sustainability risks and impacts.
Governance processes, controls, and procedures used to ensure compliance and strategic alignment.
Oversight of Delegated Roles:
If management-level responsibilities are delegated (e.g., to a committee or specific executive role), explain:
Who holds this responsibility (e.g., ESG committee, Chief Sustainability Officer).
How oversight is exercised by the board or supervisory body.
Reporting Lines:
Detail how reporting flows between management and the administrative, management, and supervisory bodies.
Specify frequency and format of reporting (e.g., quarterly sustainability reports, board presentations).
Integration with Other Internal Functions:
Explain how sustainability-related controls and procedures are embedded into broader internal governance functions (e.g., risk management, compliance, finance).
Oversight of Target-Setting & Progress Monitoring:
Describe how senior management and oversight bodies are involved in setting sustainability targets related to material IROs.
Explain how progress is tracked, including:
Key Performance Indicators (KPIs)
Reporting mechanisms
Review cycles
https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#4197
Also in
GOV-1 - The role of the administrative, management and supervisory bodies
- Provide the number of executive in the administrative, management, and supervisory bodies.
- Provide the number of non-executive members in the administrative, management, and supervisory bodies.
- Provide details on employee and worker representation, as well as members' experience relevant to the company's sectors, products, and geographic locations.
- Provide the percentage of administrative, management, and supervisory body members by gender and other relevant diversity aspects.
- Provide the board's gender diversity ratio as the average ratio of female to male board members.
- Percentage of independent board members
- Describe how administrative, management, and supervisory bodies ensure they have or develop the necessary sustainability expertise, including access to experts or training, and its relevance to material impacts, risks, and opportunities.