ESRS S3 Affected Communities

ESRS S3 standard for locally affected communities.

Definition

ESRS S3 DR Policies, Processes for engaging with affected communities, Channels for raising concerns, Actions and resources, Targets, Anticipated financial effects. Covers UN Declaration on the Rights of Indigenous Peoples (UNDRIP), FPIC (Free Prior and Informed Consent).

Origin

EFRAG, Commission Delegated Regulation (EU) 2023/2772 published 31 July 2023.

Usage

Extractive industries (mining, oil & gas), infrastructure, hydropower, agribusiness highly concerned.

Related terms

• UNDRIP — déclaration peuples indigènes.
• FPIC — consentement libre éclairé.
• ESRS S2 — risques chaîne valeur jumeau.