ESRS Update — What Changed in the Final Drafts

The European Sustainability Reporting Standards (ESRS) were further refined before adoption. Main changes include simplified data points and clearer guidance on double materiality. Our quick analysis summarizes the impact for reporting teams and auditors.

• Materiality is now explicitly linked to impact and financial effects.
• Fewer mandatory disclosures, more focus on topic selection and relevance.
• Sector guidance to follow later in 2023.

Read our one-page summary for boards and CFOs on how to prepare for the first reporting cycle.

Impact Years Left — A Simple Metric for Progress

We introduced a new indicator to translate impact performance into time: how many years of budget remain until a threshold is breached. It helps visualize urgency and progress toward targets.

• 1.5 °C climate budget → ~8 years left globally in 2023.
• Aggregated for Nature, Water, Health, and Society topics.
• Comparable across companies and sectors.

Integrate this metric into your impact dashboard to track contributions over time.

From Impact Results to Strategy

We help translate measured impacts into strategic choices using the PI Strategy Framework. Companies can define five ambition levels — from “Compliance-Driven” to “Sustainability-Driven” — and link KPIs and budgets accordingly.

Schedule a brief intro session to see how this works for your organization.

PI Events and Webinars 2023

• Webinar: “Double Materiality Basics” — February 14 · Online · English & German sessions.
• Workshop: “Linking Impact & Value” — March 21 · Cologne · Hybrid format.

Register via our website or email info@positive-impacts.com.