Disclosure requirements in ESRS covered by the Sustainability Statement
The table below presents the progress made on implementing the provisions of the European Sustainability Reporting Standards as published by the European Commission on July 31, 2023.
We also identified the topical ESRS standards assessed as not material during the reporting period: E2 Pollution, E3 Water and Marine Resources, E4 Biodiversity and Ecosystems, E5 Resource Use and Circular Economy, S2 Workers in the Value Chain, and S3 Affected Communities. As these topics were assessed as not material, the corresponding Disclosure Requirements were omitted and marked as “Not material” in the ESRS Content Index. Climate change (ESRS E1) was assessed as material, therefore, E1 Disclosure Requirements were included in this report.
# |
Description |
Reference |
Explanation |
|---|---|---|---|
BP-1 |
General basis for preparation of the sustainability statements |
|
|
BP-2 |
Disclosure in relation to specific circumstances |
|
|
GOV-1 |
The role of the administrative, management and supervisory bodies |
Corporate Governance: Committees; Sustainability Statements: General Disclosures |
|
GOV-2 |
Information provided to and sustainability matters addressed by the undertaking’s administrative, management and supervisory bodies |
Corporate Governance: Committees; Sustainability Statements: General Disclosures |
|
GOV-3 |
Integration of sustainability-related performance in incentive schemes |
Corporate Governance: Remuneration Policy; Remuneration Report: Executive Committee |
|
GOV-4 |
Statement on due diligence |
|
|
GOV-5 |
Risk management and internal controls over sustainability reporting |
Risk Management: Risk Management and Internal Control; Sustainability Statements: General Disclosures |
|
SBM-1 |
Strategy, business model and value chain |
A New Strategic Direction; Portfolio; Sustainability Statements: General Disclosure; S1-Own Workforce; Financial Statements: Note 7 |
|
SBM-2 |
Interests and views of stakeholders |
|
|
SBM-3 |
Material impacts, risks and opportunities and their interactions with strategy and business model |
A New Strategic Direction, Sustainability Statements: Environmental Information, Social Information, Governance Information, Entity-Specific Information |
Phased-in option to omit the information prescribed by ESRS 2 SBM-3 paragraph 48(e) (anticipated financial effects) for the first year of preparation of the sustainability statement. |
IRO-1 |
Description of the processes to identify and assess material impacts, risks and opportunities |
|
|
IRO-2 |
Disclosure requirements in ESRS covered by the undertaking’s sustainability statement |
Disclosure requirements in ESRS covered by the Sustainability Statement; List of Datapoints that derive from Other EU Legislation |
|
Environmental information |
|||
E1-1 |
Transition plan for climate change mitigation |
|
|
ESRS 2 SBM-3 |
Material impacts, risks and opportunities and their interaction with strategy and business mode |
|
|
ESRS 2 IRO-1 |
Description of the processes to identify and assess material climate-related impacts, risks and opportunities |
|
|
E1-2 |
Policies related to climate change mitigation and adaptation |
|
|
E1-3 |
Actions and resources in relation to climate change policies |
|
|
E1-4 |
Targets related to climate change mitigation and adaptation |
|
|
E1-5 |
Energy consumption and mix |
|
|
E1-6 |
Gross scopes 1, 2, 3 and total GHG emissions |
|
|
E1-9 |
Anticipated financial effects from material physical and transition risks and potential climate-related opportunities |
|
Phased-in option used in line with ESRS 1 Appendix C: List of phased-in Disclosure Requirements. |
Social information |
|||
ESRS 2 SBM-2 |
Interests and views of stakeholders |
|
|
ESRS 2 SBM-3 |
Material impacts, risks and opportunities and their interaction with strategy and business model |
|
|
S1 |
|
Phased-in option used for all disclosure requirements of ESRS S1, as Galapagos not exceeded on balance sheet date the average number of 750 employees during the financial year on consolidated basis |
|
S4 |
|
Phased-in option used for all disclosure requirements of ESRS S4, as Galapagos not exceeded on balance sheet date the average number of 750 employees during the financial year on consolidated basis |
|
Governance information |
|||
ESRS 2 GOV1 |
The role of the administrative, supervisory and management bodies |
Corporate Governance: Committees; Sustainability Statements: General Disclosures |
|
ESRS 2 IRO-1 |
Description of the processes to identify and assess material impacts, risks and opportunities |
|
|
G1-1 |
Business conduct policies and corporate culture |
Corporate Governance: Code of |
|
G1-2 |
Management of relationships with suppliers |
|
|
G1-6 |
Payment practices |
|
|
Entity Specific Information |
|||
ESRS 2 SBM-3 |
Material impacts, risks and opportunities and their interaction with strategy and business mode |
|
|
ESRS 2 IRO-1 |
Description of the processes to identify and assess material climate-related impacts, risks and opportunities |
|
|
|
|
|
|