Describe the company’s stakeholder engagement, including key stakeholders, engagement process, purpose, outcomes, stakeholder views on strategy and business model, any resulting changes, and how governance bodies are informed.
CSRD
1. Stakeholder Engagement Overview
Provide a general description of how the company engages with stakeholders to address sustainability-related matters.
2. Key Stakeholders & Engagement Categories
Identify key stakeholder groups, such as:
Employees
Customers
Investors
Regulators
Suppliers
Local communities
NGOs & advocacy groups
Industry associations
Specify stakeholder categories based on their level of influence, impact, or interest in sustainability issues.
3. Organization & Purpose of Stakeholder Engagement
Explain how engagement is conducted, including:
Methods used (e.g., surveys, interviews, roundtables, public consultations).
Frequency of interactions.
Decision-making processes based on stakeholder input.
State the purpose of engagement, such as:
Identifying material sustainability issues.
Strengthening transparency and trust.
Aligning corporate strategy with stakeholder expectations.
4. Integration of Stakeholder Feedback
Describe how outcomes of engagement are incorporated into:
Business strategy.
Sustainability policies and reporting.
Product development and service improvements.
5. Impact on Strategy & Business Model
Explain how the company understands stakeholders’ interests and their impact on business decisions.
Outline specific amendments made to the strategy or business model in response to stakeholder concerns (e.g., transition to sustainable sourcing, enhanced worker protections).
Detail any future adjustments planned to align with stakeholder views.
6. Further Steps & Stakeholder Relations
Identify additional planned engagement activities and their expected timeline.
Assess whether these steps may modify relationships with stakeholders or change stakeholder perceptions of the company.
7. Governance & Oversight of Stakeholder Engagement
Explain how administrative, management, and supervisory bodies are informed about stakeholder concerns and sustainability-related impacts.
Describe the reporting mechanisms used (e.g., board reports, sustainability committee updates, periodic reviews).
https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#4306