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ESG Insights

Unlock the latest ESG insights and stay ahead of the sustainability curve.


The Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) represent pivotal developments in the realm of sustainability reporting within the European Union. The CSRD, which entered into force in January 2023, marks a significant evolution from the previous Non-Financial Reporting Directive (NFRD). It aims to standardize and harmonize ESG (Environmental, Social, and Governance) reporting across companies, fostering greater transparency and comparability in sustainability disclosures.
On the other hand, the ESRS comprises a comprehensive set of reporting standards, encompassing both sector-agnostic and sector-specific elements, aimed at providing a unified framework for sustainability reporting. Together, the CSRD and ESRS usher in a new era of sustainability reporting, requiring businesses to navigate a complex landscape with precision and clarity, ultimately contributing to the broader objectives of responsible and sustainable business practices.
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EU Taxonomy

As an integral part of the European Green Deal, the EU Taxonomy regulation entered into force in July 2020 to drive sustainability and environmental goals in the financial sector and corporate world. It serves as a vital tool for classifying economic activities based on their sustainability performance, with the aim of promoting sustainable finance and responsible investments. By defining clear criteria for what constitutes environmentally sustainable activities, the EU Taxonomy provides businesses, investors, and policymakers with a standardized framework to assess and disclose their environmental performance. This powerful tool not only enhances transparency and accountability, but also plays a crucial role in steering the European Union towards its ambitious sustainability objectives - particularly in achieving carbon neutrality and environmental sustainability by 2050.

Our latest blog post

Discover our latest blog Posts for the newest EU Taxonomy and CSRD updates, as well as insights from our ESG experts.
Double Materiality – really costly, when done wrong

Double Materiality – really costly, when done wrong

March 21, 2024
 min read
The Double Materiality assessment is the basis for every CSRD reporting process. That is why, it‘s so important to get it right.
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VIRIDAD is your go-to resource for clarity in the world of sustainability. Discover answers to the most frequently asked questions about EU Taxonomy and CSRD here.