This section provides a description of the sustainability reporting framework and applied reporting policies for The Sustainability Statements, providing a better understanding of The Sustainability Statements and ensuring that these are prepared consistently and in accordance with the applicable standards.

It gives a detailed description of the specific reporting policies, methodologies, assumptions, estimations, limitations, and practices applied by a.s.r. in preparing and presenting the Sustainability Statements. These policies ensure consistency and comparability of the Sustainability Statements across different periods and a.s.r. entities.

The reporting policies comprise General as well as specifics for ESG, which are included in section 6.5.2 (General), section 6.5.3 (Environmental), section 6.5.4 (Social), and section 6.5.5 (Governance). The general reporting policies in section 6.5.2 include an explanation of the method for using the Estimation model (see section 6.5.2.1) and the Carbon manager (see section 6.5.2.2).

6.5.1.1Changes in standards and adoption of CSRD effective in 2024

The CSRD was adopted on 14 December 2022, and entered into force on 5 January 2023. a.s.r. has adopted the following new reporting standards from materiality perspective, including any consequential amendments to other standards, with a date of initial application of 1 January 2024:

• ESRS 1 – General requirements

• ESRS 2 – General disclosures

• ESRS E1 – Climate change

• ESRS E4 – Biodiversity and ecosystems

• ESRS E5 – Resource use and circular economy

• ESRS S1 – Own workforce

• ESRS S2 – Workers in the value chain

• ESRS S4 – Consumers and end-users

• ESRS G1 – Business conduct

As this marks the first reporting year of implementation of the CSRD for a.s.r., no comparative figures have been presented.