What does CSRD/ESRS mean?

CSRD is a European Union regulation aimed at providing detailed information on the sustainability of companies. The aim of this regulation is to ensure that companies will have to provide regular and detailed reports on how their activities affect the environment and society. These reports will have to be verified by independent auditors and will be publicly available.

On the other hand, the ESRS is an initiative that aims to create a central access point for information on the sustainability of companies across the EU. This system would allow easy access to sustainability information for all stakeholders, including investors, customers and citizens.

Both of these initiatives are part of the EU's wider efforts to promote sustainability and transparency. The main goal is to support the transition to a more sustainable economy that takes environmental and social aspects into account. (Co2AI)