Sustainable corporate governance and non-financial indicators are increasingly coming into focus across all industries. Companies are confronted with more and more legal requirements on sustainability: There is, for example, the Corporate Sustainability Reporting Directive (CSRD), the EU taxonomy, disclosure regulations and the Act on Corporate Due Diligence Obligations in Supply Chains. In addition, environmental disasters and a global pandemic are attracting widespread public attention. As a result, the regulatory and social pressure on companies in terms of sustainable corporate governance has never been bigger.
The European Union has embarked on a profound transformation of the financial market and the real economy with the 2018 Sustainable Finance Action Plan and the 2019 EU Green Deal. The capital market's growing understanding that environmental, social and governance (ESG) issues impact financial metrics and ultimately company value is increasing investor demand for reliable and comparable disclosures. And companies risk no less than their licence-to-operate if they fail to meet their environmental and social responsibilities.
ESG stands for a multitude of topics which - depending on the business model - can be of essential importance for the sustainability of a company.
Reasons for establishing sustainability management
It is not only external factors, such as legal regulations or societal requirements, that increase the pressure on companies to deal with the issue of sustainability. The company's own interest in making itself fit and resilient for the future should also be the impetus for establishing efficient and, above all, holistic sustainability management. The goal must be to establish sustainable business practices in all areas of the company in the long term.
Getting there is a development process that requires constant monitoring and evaluation of the sustainability programme - even once a programme has been developed. But the journey is worthwhile and the benefits are obvious:
- Improvement of the company's image and brand value - thereby strengthening customer loyalty
- Increased attractiveness as an employer
- Improving financial performance
- Developing an innovative vision for the company by identifying non-financial factors
- Improving access to credit and the ability to attract investment
- Identification, monitoring and appropriate management of non-financial risks
- Systematically reporting on the link between strategy and financial performance, including the impact of ESG factors
- Improving data quality for more effective information management and decision making
It is no longer a question of "if" a company should do something, but "how" they can embed sustainability in their business models. To support you in setting up or further developing your sustainability management and non-financial reporting, we offer various services:
- Mandatory reporting
- Voluntary reporting
- Transition voluntary/mandatory
- ESG due diligence
- (Green) Bonds
- Social compliance
- Reporting strategy
- Materiality analysis
- Competence building
- Maturity Assessment
- Impact Measurement
- Supply chain due diligence law and sustainable procurement
- Rating & Ranking Optimisation
- ESG Compliance & Governance consultin
- Integration of sustainability in Governance systems (z.B. IKS, RMS, CMS, IA)
- Compliance with (environmental) legislation
- Supervisory board advice
- ESG Due Diligance
- ESG Compensation relevance
- Codes of Governance
- EU-Taxonomy (real economy)
- Disclosure Regulation
- Bond consultation
We are here for you
Sustainability will lead to transformation. We would be happy to accompany you on the journey and support you in integrating sustainability into your company. Feel free to contact us!
We have extensive experience in auditing and advising companies of various sizes on sustainability issues.
We cooperate with a wide range of organisations and are represented in various networks.
As an auditing firm, we work in accordance with national and international standards as well as within the framework of professional requirements.
Thanks to our many years of experience, we can optimally adapt our approaches to your needs.
Our collaboration is characterised by pragmatic cooperation as well as goal-oriented collaboration.
We create added value through detailed recommendations and provide further impetus through good practice approaches.
Our employees have many years of experience in a wide range of sustainability topics:
Audit and advice on sustainability reporting
EU taxonomy consulting
Human rights and social audits
Integration of sustainability into governance systems