E1 Climate change
E1 Climate change enables businesses to address climate change by reducing their GHG emissions
ESRS E1 Climate change standard core involves monitoring and reducing greenhouse gas (GHG) emissions and other climate-related factors. Standard is focused on reporting on the company's actions and targets related to climate change. The primary goal of ESRS E1 Climate change is to assist companies in understanding their carbon footprint, setting emission reduction targets, and contributing to the mitigation of climate change. It provides guidelines and criteria for measuring and managing emissions, as well as for transitioning to more sustainable and low-carbon practices.
By following ESRS E1, companies aim to minimize their contribution to climate change and enhance energy efficiency. The standard encourages transparency in reporting and helps companies become responsible stewards of the environment.
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If a company determines that the ESRS E1 standard is not material to its operations, it is required to explain and justify this conclusion. Specifically, the company must disclose the reasoning behind its assessment, outlining why climate change considerations are not significant to its business model or operations. This ensures that stakeholders are informed about the company's approach to climate risk and sustainability, even when the standard is not deemed material.
ESRS E1 Climate change supports the reduction of GHG emissions and promotes environmentally sustainable practices to combat climate change.
