🎯 Key Takeaways for quick navigation: 📊 The *EU Taxonomy aims to classify business activities as sustainable, covering climate and soon expanding to other environmental themes like water, marine, and circular economy.* 📝 The *European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD) define impacts, risks, and opportunities across various areas, providing a comprehensive reporting framework.* 💼 The *Corporate Sustainability Due Diligence Directive (CSDDD) emphasizes the diligence needed in managing impacts, introducing liability perspectives, and requiring due diligence processes for relevant impacts.* 🔄 The *ESRS serves as a backbone for sustainability reporting, linking to both the EU Taxonomy and CSDDD, ensuring alignment with classification and minimum safeguards.* 📈 Companies, *even sustainability leaders, need to rapidly adapt to meet new compliance standards and strategic goals, emphasizing the importance of having a clear end goal in mind.* 🌐 Despite *complexities, understanding the interconnectivity between regulations like the EU Taxonomy, ESRS, and CSDDD is crucial for compliance and strategic planning.* 💡 Compliance *with these regulations offers legal leverage for sustainability departments, influencing internal resource allocation and driving positive change beyond mere tick-box exercises.* 🌱 Companies *can use regulatory changes as opportunities to catalyze internal changes, pushing for new strategies and priorities on the sustainability agenda.* Made with HARPA AI

Thank you for your overview! Well done!

Anniina , your husband is right. This regulation comes from a completely insane group: The European Union. It sucks. The EU is not a representative of the European population, but of crazy power-hungry and bureaucratic greed that spoils life. LIFE = FUN. EU = NOT FUN.

Thank you for excellent overview! The drafts of the reporting standards are now published, and there are a lot of interesting changes in terms of the role of stakeholders, mapping strategy, quantifying impact with metrics.

Bullshit

If you actually wanted to fix the environment, you would get rid of the inflationary currencies which incentivize overconsumption, and replace them with hard money which incentivizes saving over spending. That would fix the environment without any extensive regulations, but it would also mean the people in power default on their massive debts, and can't use ESG as an excuse for control.

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Great discussion on a less-than-Great COP

😏 PЯӨMӨƧM