Are the targets set by the company related to resource use and circular economy mandatory (required by legislation) or voluntary? Please specify.
CSRD
When describing your targets related to resource use and circular economy, specify whether the targets you have set are mandatory or voluntary. Provide the following information:
Mandatory Targets:
If your targets are required by legislation, specify which laws or regulations mandate these targets (e.g., local, national, or international environmental regulations).
Provide context on any compliance deadlines or legal obligations that these targets are designed to fulfill.
Voluntary Targets:
If the targets are voluntary, explain that they are self-imposed by your company as part of its sustainability strategy.
Provide reasoning behind setting voluntary targets (e.g., corporate responsibility, customer expectations, or sector-leading initiatives).
Ensure that your response clearly distinguishes between mandatory and voluntary targets and provides any relevant context for each type.
https://xbrl.efrag.org/e-esrs/esrs-set1-2023.html#2018