Has the company used biodiversity and ecosystems scenario analysis to identify and assess material risks and opportunities over short-, medium-, and long-term time horizons? If so, please describe: (a) why the selected scenarios were chosen, (b) how the scenarios are updated according to evolving conditions and emerging trends, (c) whether the scenarios are informed by expectations published by authoritative intergovernmental bodies, such as the Convention for Biological Diversity, and by scientific consensus, such as that expressed by the Intergovernmental Science-policy Platform on Biodiversity and Ecosystem Services (IPBES)?
CSRD
If your company has used biodiversity and ecosystem scenario analysis to inform the identification and assessment of material risks and opportunities, provide the following details:
Selection of Scenarios:
Explain why the considered scenarios were selected for the analysis.
Include the criteria used for choosing these scenarios, such as relevance to your operations, the severity of potential impacts, or alignment with strategic goals.
Updating Scenarios:
Describe how the scenarios are updated over time, taking into account evolving conditions and emerging trends.
This could include updates based on new environmental data, regulatory changes, scientific advancements, or shifts in market dynamics.
Sources of Scenario Information:
Specify whether the scenarios are informed by expectations published by authoritative intergovernmental bodies, such as the Convention for Biological Diversity or, where relevant, by scientific consensus such as that expressed by the Intergovernmental Science-policy Platform on Biodiversity and Ecosystem Services (IPBES).
If applicable, mention any other recognized sources or frameworks that have influenced your scenario analysis.
Ensure your response outlines how scenario analysis has been used to assess potential risks and opportunities related to biodiversity and ecosystems over various time horizons, and how this information informs strategic decision-making.
https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#1709
Also in
ESRS 2 IRO-1 Description of processes to identify and assess material biodiversity and ecosystem-related impacts, risks, dependencies and opportunities
- How does the company identify and assess material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems? Please include: (a) the identification and assessment of actual and potential impacts on biodiversity and ecosystems at company sites and in the upstream and downstream value chain, including the assessment criteria applied; (b) the identification and assessment of dependencies on biodiversity and ecosystems and their services, including any disrupted or likely disrupted ecosystem services; (c) the identification and assessment of transition and physical risks and opportunities related to biodiversity and ecosystems, with the criteria applied; (d) the consideration of systemic risks; (e) whether and how the company consulted with affected communities on sustainability assessments of shared biological resources and ecosystems, including: i. identifying specific sites or raw material production/sourcing likely to negatively impact biodiversity and ecosystems, ii. how affected communities were involved in the materiality assessment, iii. how the company plans to avoid or minimise negative impacts on ecosystem services, and if unavoidable, how it intends to implement mitigation measures to maintain the value and functionality of priority services?
- Does the company have sites located in or near biodiversity-sensitive areas, and do activities at these sites negatively affect these areas by causing the deterioration of natural habitats, species habitats, or disturbance to protected species? Additionally, has the company concluded that it is necessary to implement biodiversity mitigation measures, such as those identified in EU directives or international standards like the IFC Performance Standard 6?