ESRS 2.SBM-2 - Interests and views of stakeholders - general

43. The undertaking shall disclose how the interests and views of its stakeholders are taken into account by the undertaking’s strategy and business model.

44. The objective of this Disclosure Requirement is to provide an understanding of how stakeholders’ interests and views inform the undertaking’s strategy and business model.

45. The undertaking shall disclose a summarised description of:

    • (a) its stakeholder engagement, including:

      • i. the undertaking’s key stakeholders;

      • ii. whether engagement with them occurs and for which categories of stakeholders;

      • iii. how it is organised;

    • iv. its purpose; and

    • v. how its outcome is taken into account by the undertaking;

    • (b) the undertaking’s understanding of the interests and views of its key stakeholders as they relate to the undertaking’s strategy and business model, to the extent that these were analysed during the undertaking’s due diligence process and/or materiality assessment process (see Disclosure Requirement IRO-1 of this Standard);

    • (c) where applicable, amendments to its strategy and/or business model, including:

      • i. how the undertaking has amended or expects to amend its strategy and/or business model to address the interests and views of its stakeholders;

      • ii. any further steps that are being planned and in what timeline; and

      • iii. whether these steps are likely to modify the relationship with and views of stakeholders; and

    • (d) whether and how the administrative, management and supervisory bodies are informed about the views and interests of affected stakeholders with regard to the undertaking’s sustainability-related impacts.