ESRS Drafts Submitted to the European Commission

EFRAG has finalized the first set of European Sustainability Reporting Standards (ESRS) and submitted them to the European Commission. This marks a crucial step in implementing the CSRD. Companies now have a clearer view of upcoming disclosure requirements and data expectations.

• Cross-cutting standards define general principles and disclosures.
• Topical standards (E1–S4, G1) detail specific impact areas.
• PI’s frameworks align with this structure for easy integration.

We published a summary comparing PI’s Impact Accounting Framework with ESRS requirements to highlight overlaps and simplifications.

Impact Valuation Update

We refined our valuation logic to better capture “future impacts” and time-discounted benefits using the NPI® metric. This update helps investors and companies understand how current actions shape long-term sustainability value.

• Integrates time discounting and uncertainty adjustments.
• Applies consistent thresholds for each impact topic.
• Enables aggregation into portfolio-level sustainability balance sheets.

CSRD Readiness — Preparing for 2023

With the final CSRD text close to approval, we recommend organizations start preparing now. PI’s readiness checklist focuses on practical next steps:

• Map your sustainability impacts and financial effects.
• Identify internal data owners for each topic.
• Align reporting cycles with financial statements.
• Use double materiality as a bridge to strategic planning.

Our consultants are available for short readiness assessments over the summer.

Events & Insights

• Webinar: “Impact Accounting 101” — July 19 · Online · English session.
• Workshop: “Sustainability as Strategy” — July 26 · Cologne.

See all upcoming events at positive-impacts.com/events.