Egbert Wege’s Post

With climate change rising to the top of the agenda for global business leaders, sustainability is no longer just a consideration but a key driver of innovation and competitive edge. Explore how companies are reshaping their strategies to embrace a net-zero future.

How are companies achieving sustainability goals🌱?  Discover a step-by-step approach and check out this insightful article by Jérôme Goulard, Chief Sustainability Officer at Orange Business, it delves into the critical importance of sustainability in today's business landscape. 📖Read the full article here #Sustainability #ESG

Around 1,800 companies from various sectors - 96% of them SMEs - took part in the „Swiss Sustainability Gap 2024" study. It shows that the topic of sustainability is already well anchored in the strategies of Swiss companies. At the same time, implementing sustainability measures is particularly challenging for SMEs. They often lack the necessary resources and guidance needed to follow this path. The fact that sustainability can also help to reduce costs in the company is underestimated. https://lnkd.in/dRzGXW7h

Scope’s ESG team has provided a comprehensive ranking of the ESG performance of the companies making up Germany’s DAX40 index.   Like all companies, these firms are under constant pressure to maximize long-term value and enhance sustainable growth. To do so, the companies need to assess the double materiality of their ESG performance. That requires integrating assessments of the impact of their activities on the environment and society and the risks to their business from ESG factors with analysis of the strategy to manage those impacts and risks.   Scope ESG Performance Score can create value for corporate executives by delivering a thorough evaluation of corporate sustainability by integrating the double materiality approach, as the case study of German companies shows.   Handelsblatt has this week dedicated a report to our ranking of the top 20 DAX companies – see here https://lnkd.in/eZnHvUYr To read more about our ESG Permormance Score, click here: https://lnkd.in/eBbjdiKD Guillaume J. Wendy Fernandez Garcia Tetiana Markiv Thong Huynh Deutsche Telekom Deutsche Börse Infineon Technologies AG Allianz Beiersdorf Siemens Healthineers SAP Munich Re Siemens Sartorius Mercedes-Benz AG Henkel Porsche AG Merck Commerzbank AG E.ON Symrise AG Deutsche Bank Siemens Energy Hannover Re

🌍🤝📊 ESG – Your Roadmap to a Responsible Business Strategy 🌱🌍 As the Director of Innovation, I'm excited to share with you the importance of ESG (Environmental, Social, Governance) criteria in implementing sustainable business practices and taking on societal responsibility. ESG criteria are used to assess a company's social responsibility and sustainable business practices, helping to minimize risks in the areas of environment, social issues, and corporate governance. Let's dive into the three main categories of ESG criteria: 🌿 Environmental: This category focuses on key aspects such as climate change, greenhouse gas emissions, energy consumption, sustainable resource utilization, waste management, water management, biodiversity, and environmental pollution. By addressing these factors, companies can make a positive impact on the planet and ensure a sustainable future. 🤝 Social: The social category evaluates working conditions, diversity and inclusion, human rights, community relations, and consumer protection. By prioritizing these aspects, companies can foster a positive work environment, build strong relationships with stakeholders, and contribute to social progress. 📊 Governance: This category includes principles and mechanisms that determine the management and control of a company, such as transparency, ethical behavior, integrity, and organizational structures. By implementing strong governance practices, companies can ensure accountability, trust, and long-term success. 📅 By 2024, ESG reporting will become mandatory for companies as part of the Corporate Sustainability Reporting Directive (CSRD). This reporting requirement aims to promote transparency and enable investors and stakeholders to make informed decisions. It's crucial for companies to strategically integrate ESG principles into their business processes, involve employees at all levels, and regularly monitor and report their activities to ensure continuous improvement. 🔌 The connection between ESG principles and energy management systems is particularly important in the context of environmental responsibility. Energy audits can be an effective tool to assess and optimize energy consumption and emissions, demonstrating a company's commitment to environmental protection. 🌊 Let's take action together! Start by evaluating your company's ESG practices and identifying areas for improvement. Engage your employees and stakeholders in the process, and leverage technology to track ESG metrics in real time. Collaboration with industry peers, regulators, and non-profits can also help share knowledge and adopt best practices. 🌱 Together, we can create a more sustainable and responsible future for businesses and society. Let's embrace ESG and make a positive impact! 💪 #ESG #sustainability #responsibility #environment #social #governance #transparency #collaboration #sustainablefuture

𝗠𝗮𝗻𝘆 𝘁𝗵𝗮𝗻𝗸𝘀 to Sabine Paulus from Verband Deutscher Treasurer e.V. for 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗼𝗻 𝗼𝘂𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗘𝗦𝗚 𝗠𝗼𝗻𝗶𝘁𝗼𝗿 (𝗚𝗘𝗠) 𝘀𝘁𝘂𝗱𝘆 on sustainability reporting! Our research shows that the quality of sustainability reporting varies greatly among companies from the DAX family and a select international sample. This reinforces the need for 𝗼𝗻𝗴𝗼𝗶𝗻𝗴 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲 to 𝗵𝗼𝗹𝗱 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗱𝗿𝗶𝘃𝗲 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁. 𝗖𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗿𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗿𝘁𝗶𝗰𝗹𝗲: https://lnkd.in/eFPemiNr   #VerbandDeutscherTreasurer #VDT #SustainabilityReporting #NachhaltigkeitsReporting #GlobalESGMonitor #GEM #ESG #ESRS #ResponsibleBusiness

Scope now provide ESG performance rankings for all the companies within the DAX40. More details below

I'm thrilled to share that Scope's ESG team has provided an insightful ranking of the ESG performance of Germany’s DAX40 companies! As these companies strive to maximize long-term value and sustainable growth, they must assess the double materiality of their ESG performance. This involves evaluating both the impacts of their operations on the environment and society, and the risks posed to their business by ESG factors. Our Scope ESG Performance Score offers a comprehensive assessment by integrating these dimensions, delivering valuable insights to corporate executives. The recent case study on DAX companies highlights this in action. 📰 Check out Handelsblatt's report on our top 20 DAX rankings here: https://lnkd.in/eZnHvUYr 🌍 Learn more about our ESG Performance Score: https://lnkd.in/eNjenPV9 #ESG #Sustainability #ScopeESG #DAX40 #CorporatePerformance #DoubleMateriality #ESGPerformance

🌍📊🌱 Exciting news! I just read an article about the integration of ESG metrics into the management dashboard of companies, and it's a game-changer for achieving a balance between financial goals and sustainable practices. 🌍📊🌱 The article emphasizes the importance of Environmental, Social, and Governance (ESG) metrics in providing insights into the non-financial aspects of a company's performance. These metrics are increasingly crucial for long-term success. To get a comprehensive view of a company's performance, a well-structured management dashboard should include both financial and ESG metrics. 📈🌿 The article highlights several key metrics that should be combined in the dashboard. For example, combining EBITDA and CO2 emissions can measure financial profitability and environmental impact respectively. Metrics like Return on Average Capital Employed (RoaCE) and energy consumption can assess capital efficiency and energy optimization. Monitoring metrics related to employee satisfaction and safety ensures social sustainability. By integrating ESG metrics into the management dashboard, along with financial metrics, managers can make informed decisions. This combination allows them to monitor not only financial success but also ensure that the company operates sustainably and responsibly. Ultimately, this leads to a more stable, resilient, and competitive organization. 🌱💼🌍 🌟 The article also mentions that companies that embed sustainability, social responsibility, and governance best practices into their core operations often see enhanced long-term performance. Studies have shown that firms with higher ESG ratings are more resilient in times of crisis and tend to outperform their peers. So, integrating ESG metrics is not just about compliance, it's about driving meaningful impact and creating a sustainable future. 🌟 🌿💡 What are your thoughts on integrating ESG metrics into the management dashboard? Have you seen any companies successfully implement this approach? Share your experiences and let's inspire each other to create a more sustainable and responsible business world! 💡🌿 #ESG #sustainability #business #management #dashboard #financialgoals #sustainablepractices #metrics #insights #longtermsuccess #environmentalimpact #socialsustainability #responsibility #resilience #competitiveadvantage #innovation #thoughtleaders #Clevel #Milan #Italy

#trr266 PhD student Victor Wagner (Ludwig-Maximilians-Universität München) was interviewed by Daniel Baumann for the Green Works website and talked about the benefits and challenges of sector-specific sustainability reporting standards. One of his key points is: While additional requirements sound like an additional burden for firms, sector-specific metrics make #benchmarking easier and allow for meaningful comparisons. For more information about their #sustainability reporting research, head over to the Sustainability Reporting Navigator.   #transparency https://lnkd.in/dxh9kdpW