On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) entered into force. This new directive updates the rules concerning the social and environmental information that companies have to report. Companies subject to the CSRD will have to report according to European Sustainability Reporting Standards (ESRS). These standards were developed by the EFRAG, previously known as the European Financial Reporting Advisory Group, an independent body bringing together various different stakeholders.

UNEP FI has launched the ESRS-UNEP FI Topics Mapping. The worksheet presents a concise mapping between the European Sustainability Reporting Standards (ESRS) topics with its subsequent structure, and the Impact Topics and Impact Areas of the UNEP FI Impact Radar (2022 edition). Download it here.


ESRS take a “double materiality” perspective –  companies are obliged to report both on their impacts on people and the environment, and on how social and environmental issues create financial risks and opportunities for the company. ESRS 1 (“General Requirements”) sets general principles to be applied when reporting according to ESRS and does not itself set specific disclosure requirements. ESRS 2 (“General Disclosures”) specifies essential information to be disclosed irrespective of which sustainability matter is being considered. All the other standards and the individual disclosure requirements and datapoints within them are subject to a materiality assessment

The ESRS impact materiality requirements are closely aligned with UNEP FI’s own focus on, and approach to, impact management.

UNEP FI has started to develop resources which map the ESRS to the Principle for Responsible Banking and the UNEP FI Impact methodology. These resources will support banks with the implementation of the impact materiality assessment requirements, in accordance with ESRS 1 and ESRS 2.

  • This slide deck and accompanying webinar (pw: 8wSaDPJS), provides a high level overview of how the ESRS maps to the PRB and the UNEP FI impact analysis methodology.
  • The ESRS/UNEP FI Topics Mapping maps the ESRS topics and subtopics to the impact areas and impact topics of the UNEP FI Impact Radar. Download the ESRS-UNEP FI Topics Mapping here.
  • The methodology mapping (available upon request) explains how the ESRS core requirements map to the key components of the UNEP FI impact analysis methodology
Call for interest: Working Group on ESRS impact materiality assessment

Join a new working group to exchange with peers on ESRS implementation and to co-create an “ESRS Monitoring & Disclosure Module” within the Portfolio Impact Analysis Tool for Banks. The Module will aggregate and translate the outputs of the existing Tool Modules into ESRS formats and requirements, to help banks with their impact materiality assessment, in accordance with ESRS 1 and ESRS 2. To find out more, please contact us.