EXPOSURE DRAFTESRS 2General,strategy,governance andmateriality assessmentApril 2022Open for comments until 8 August 2022PTF-ESRSProject Task Force on European sustainability reporting standardsEFRAG[Draft]ESRS 2 General,strategy,governance and materiality assessmentDISCLAIMERThis Exposure Draft has to be read in conjunction with the cover note for ESRS public consultation.It has been prepared under the sole responsibility of the EFRAG PTF-ESRS and is submitted topublic consultation by EFRAG SRB to inform the upcoming standard-setting steps.It,therefore,does not reflect the EFRAG SRB's position at this stage,nor the position of the European Union orEuropean Commission DG Financial Stability,Financial Services and Capital Markets Union (DGFISMA),nor the position of organisations with which the EFRAG PTF-ESRS has cooperated.Thefinal version of the [draft]Standard will be produced by the EFRAG SRB starting from this ExposureDraft,taking into consideration the outcome of the public consultation and the requirements of thefinal CSRD.[Draft]ESRS 2 General,strategy,governance,and materiality assessment is set out inparagraphs 1-81 and Appendices A:Defined terms and B:Application Guidance.All theparagraphs,including those in Appendices A and B,have equal authority.Each DisclosureRequirement is stated in a bold paragraph and has a paragraph that illustrates the principle to befollowed in the preparation of the respective disclosures.The [draft]Standard also uses termsdefined in other [draft]ESRS and should be read in the context of its objective.[Draft]ESRS 2 General,strategy,governance,and materiality assessmentPage 2 of 39Exposure Draft,April 2022