Renewable Energy Communities (RECs) promote collaboration among citizens, businesses, and institutions, becoming entities capable of generating micro-policies for territorial sustainability. The projects funded by RECs can create positive impacts that go beyond the economic aspect of the incentives themselves.

The total value generated by a REC can be measured and communicated through some of the ESG themes identified as priorities by the United Nations and the EU, which are monitorable through the ESRS framework.

The project idea is to develop a system for generating REC Impact Reports, to be implemented, verified, tested and shared at the European level and consistent with EFRAG standards, which would help local authorities and businesses understand the meta-economic impact of their participation in, or support given to, these energy-sharing systems, and planning further local environmental and social development according to continuous-developing lessons learned.