Disclosures in Relation to Specific Circumstances
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General Disclosures
Changes in the preparation or presentation of sustainability information
Compared with previous periods, there were significant changes in the preparation and presentation of sustainability information in the management report during the 2024 reporting year. These concerned both the structure and the content of the NFS, which are now prepared partially in accordance with the ESRS. This means that Beiersdorf is already starting to implement the requirements of the framework in its business and reporting processes before the “Corporate Sustainability Reporting Directive” (CSRD) regulations are implemented into German law. Some of the metrics and information previously reported under environmental, social, and governance aspects have been supplemented or replaced by new disclosures required under ESRS. Any methodological changes resulting in adjustments to or recalculations of metrics (e.g. new scientific findings such as the “Intergovernmental Panel on Climate Change” (IPCC) reports) were performed in the current reporting period. This is explained at the appropriate point in the report.
Value chain estimation
We use estimates when calculating metrics in cases that extend beyond Group boundaries, such as Scope 3 emissions, as these involve complex and often indirect processes of data collection from our value chain. In-depth information on the methods used for these estimates is provided at the relevant points in the report.