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Dr Ross KurinkoLinkedIn
Strategic ESG Advisor · IFRS S1 & S2 / GRI / ESRS expert
GRI Certified Global Trainer · PhD, University of Cambridge · ESG-AI expert
15+ years on FTSE 100 & Fortune Global 500 disclosures
Canary Wharf, London
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ESRS 2: General Disclosures·Disclosure Requirement BP-1
Basis for preparation of the sustainability statement
Practical guidance for preparing this disclosure. Use this card to identify the information to prepare, verify claims and organise supporting evidence. For exact requirements, always refer to the official European Commission source.
Published passport
Last reviewed 2026-07-24
Reviewed by
Dr Ross KurinkoLinkedIn
Strategic ESG Advisor · IFRS S1 & S2 / GRI / ESRS expert
GRI Certified Global Trainer · PhD, University of Cambridge · ESG-AI expert
15+ years on FTSE 100 & Fortune Global 500 disclosures
Canary Wharf, London
LRA educational guidance · Not issued or endorsed by European Commission
Standard
ESRS 2: General Disclosures
Disclosure Requirement BP-1 · 2026-5010-final
Last reviewed
2026-07-24
LRA educational guidance · Not issued or endorsed by European Commission
To prepare this disclosure
Disclosure focus
BP-1 explains the basis used to prepare the sustainability statement. It covers whether the statement is prepared on a consolidated or individual basis, differences between the reporting boundary for the undertaking's own operations and the consolidated financial statements, and an overview of upstream and downstream value-chain coverage.
The disclosure also includes the statement that the sustainability statement has been prepared in accordance with the ESRS applicable at the end of the reporting period.
Where the undertaking applies a relief, option or other specific provision in ESRS 1, it identifies the provision and supplies the related information required by that provision. Estimates, cut-off controls and wider data-quality checks may support preparation but are not separate BP-1 requirements.
This LRA educational guidance supports disclosure preparation. For the exact requirements, always refer to the official European Commission source.
Before you start
Before you start
A quick mental checklist before you prepare this disclosure — tick each as you settle it.
Preparation
Key information to prepare
| Preparation field | What to capture | Evidence hint | Owner |
|---|---|---|---|
| Preparation basis | State whether the sustainability statement is prepared on a consolidated or individual basis. | Dated source records, governance papers and approval evidence supporting preparation basis. | Sustainability reporting / Finance |
| Own-operations reporting boundary | Describe differences from the consolidated financial-statement boundary and the reasons for those differences, where they exist. | Dated source records, governance papers and approval evidence supporting own-operations reporting boundary. | Sustainability reporting / Finance |
| Value-chain coverage | Provide an overview of upstream and downstream value-chain coverage. | Dated source records, governance papers and approval evidence supporting value-chain coverage. | Sustainability reporting |
| Statement of accordance | State that the sustainability statement was prepared in accordance with the ESRS applicable at the end of the reporting period. | Dated source records, governance papers and approval evidence supporting statement of accordance. | Sustainability reporting / Legal |
| ESRS 1 provisions applied | Identify each relief, option or other specific ESRS 1 provision applied and provide the information required by that provision. | Dated source records, governance papers and approval evidence supporting esrs 1 provisions applied. | Sustainability reporting / Legal |
＋ Show BP-1 sub-elements (LRA working checklist)
State whether the sustainability statement is prepared on a consolidated or individual basis.
Describe differences from the consolidated financial-statement boundary and the reasons for those differences, where they exist.
Provide an overview of upstream and downstream value-chain coverage.
State that the sustainability statement was prepared in accordance with the ESRS applicable at the end of the reporting period.
Identify each relief, option or other specific ESRS 1 provision applied and provide the information required by that provision.
How to prepare it
Use the reporting undertaking defined for the sustainability statement and distinguish own operations from upstream and downstream value-chain information.
Collect and reconcile the records for: Preparation basis; Own-operations reporting boundary; Value-chain coverage; Statement of accordance; ESRS 1 provisions applied.
Boundary differences and ESRS 1 provisions are reported when they exist or are applied; do not invent omissions or reliefs.
Draft the response using the defined terms shown in the disclosure focus; do not substitute broader internal labels.
Review the final wording against every requirement and the supporting governance or data records before sign-off.
Request the data
Request the disclosure evidence
Translate the disclosure into an internal business question — then adapt it to your organisation's own language.
Provide the approved preparation-basis paper, financial-boundary reconciliation, value-chain coverage overview, statement of accordance and register of ESRS 1 provisions applied.
Use the organisation's own role and document names, but preserve the defined ESRS terms and the scope described above.
Better request
Provide the approved preparation-basis paper, financial-boundary reconciliation, value-chain coverage overview, statement of accordance and register of ESRS 1 provisions applied.
Draft your disclosure
Notes that turn data into a disclosure
LRA training templates — adapt them to your organisation, and check the official source before sign-off.
Method note
Reconcile the sustainability reporting boundary to the consolidated financial statements and verify each claimed ESRS 1 provision against the applicable paragraph.
Context note
Keep broader estimates, cut-off and data-quality controls clearly labelled as internal preparation controls.
Download Centre
Preparation tools & forms
Professional preparation tools for BP-1 — free with an LRA Community membership. Register once (it's free) and every download unlocks, together with the Disclosure Library, templates and the LRA AI Assistant.
Assurance readiness
For each claim, check the evidence
| Claim | Risk | Evidence to check |
|---|---|---|
| Preparation basis is reported accurately and completely. | The response omits, misclassifies or overstates preparation basis. | Dated source records, governance papers and approval evidence supporting preparation basis. |
| Own-operations reporting boundary is reported accurately and completely. | The response omits, misclassifies or overstates own-operations reporting boundary. | Dated source records, governance papers and approval evidence supporting own-operations reporting boundary. |
| Value-chain coverage is reported accurately and completely. | The response omits, misclassifies or overstates value-chain coverage. | Dated source records, governance papers and approval evidence supporting value-chain coverage. |
| Statement of accordance is reported accurately and completely. | The response omits, misclassifies or overstates statement of accordance. | Dated source records, governance papers and approval evidence supporting statement of accordance. |
| ESRS 1 provisions applied is reported accurately and completely. | The response omits, misclassifies or overstates esrs 1 provisions applied. | Dated source records, governance papers and approval evidence supporting esrs 1 provisions applied. |
Evidence pack to prepare
Common reporting gaps
Using the 2023 BP-1 title.
Treating estimates and general completeness as the subject of BP-1.
Omitting the statement of accordance.
Treating phase-in provisions as BP-1 rather than BP-2.
Presenting internal preparation fields as official datapoints.
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Framework references
Relevant ESRS requirements and related disclosures
Available framework references and nearby disclosures relevant to preparing this requirement.
ESRS
BP-1
within ESRS 2: General Disclosures
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