SN.1 - Transitional provisions
VP Bank makes use of the following transitional provisions as set out in Annex C to ESRS 1:
Disclosure Requirement | Name of the Disclosure Requirement | Scope | Phase-in or effective date (from Appendix C of ESRS 1) | Application of provision |
|---|---|---|---|---|
SBM-1 | Strategy, business model and value chain | All | The entity shall report the information prescribed by ESRS 2 SBM-1 paragraph 40(b) (breakdown of total revenue by significant ESRS sector) and 40(c) (list of additional significant ESRS sectors) starting from the application date specified in a Commission Delegated Act to be adopted pursuant to article 29b(1) third subparagraph, point (ii), of Directive 2013/34/EU. | Yes |
SBM-3 | Material impacts, risks and opportunities and their interaction with strategy and business model | All | The entity may omit the information prescribed by ESRS 2 SBM-3 paragraph 48(e) (anticipated financial effects) for the first year of preparation of its sustainability statement. The entity may comply with ESRS 2 SBM-3 paragraph 48(e) by reporting only qualitative disclosures for the first 3 years of preparation of its sustainability statement, if it is impracticable to prepare quantitative disclosures. | Yes |
E1-6 | Gross Scopes 1, 2, 3 and Total GHG emissions | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the datapoints on scope 3 emissions and total GHG emissions for the first year of preparation of their sustainability statement. | No |
E1-9 | Anticipated financial effects from material physical and transition risks and potential climate-related opportunities | All | The entity may comply with ESRS E1-9 by reporting only qualitative disclosures for the first 3 years of preparation of its sustainability statement, if it is impracticable to prepare quantitative disclosures. | Yes |
E2-6, E3-5, E4-6, E5-6 | Anticipated financial effects from risks and opportunities | All | The undertaking may omit the information prescribed by ESRS E2-6 for the first year of preparation of its sustainability statement. | Not material |
E4 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS E4 for the first 2 years of preparation of their sustainability statement. | Not material |
S1 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S1 for the first year of preparation of their sustainability statement. | No |
S1-7 | Characteristics of non- employee workers in the entity’s own workforce | All | The entity may omit reporting for all datapoints in this disclosure requirement for the first year of preparation of its sustainability statement. | No |
S1-8 | Collective bargaining coverage and social dialogue | All | The entity may omit this disclosure requirement with regard to its own employees in non-European Economic Area countries for the first year of preparation of its sustainability statement. | Not material |
S1-11 | Social protection | All | The entity may omit the information prescribed by ESRS S1-11 for the first year of preparation of its sustainability statement. | No |
S1-12 | Percentage of employees with disabilities | All | The entity may omit the information prescribed by ESRS S1-12 for the first year of preparation of its sustainability statement. | Not material |
S1-13 | Training and skills development | All | The entity may omit the information prescribed by ESRS S1-13 for the first year of preparation of its sustainability statement. | Not material |
S1-14 | Health and safety | All | The entity may omit the data points on cases of work-related ill-health and on number of days lost to injuries, accidents, fatalities and work-related ill health for the first year of preparation of its sustainability statement. | Not material |
S1-14 | Health and safety | All | The entity may omit reporting on non- employees for the first year of preparation of its sustainability statement. | Not material |
S1-15 | Work-life balance | All | The entity may omit the information prescribed by ESRS S1-15 for the first year of preparation of its sustainability statement. | No |
S2 -All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S2 for the first 2 years of preparation of their sustainability statement. | Not material |
S3 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S3 for the first 2 years of preparation of their sustainability statement. | Not material |
S4 - All Disclosure Requirements | All Disclosure Requirements | < 750 employees | Entities or groups not exceeding on their balance sheet dates the average number of 750 employees during the financial year (on a consolidated basis where applicable) may omit the information specified in the disclosure requirements of ESRS S4 for the first 2 years of preparation of their sustainability statement. | No |