In today’s business world, stakeholders expect managers to be able to comment on key business areas such as strategy and risk management. In the area of ESG (Environmental, Social, Governance), there is still often a lack of clarity from management. It is crucial that companies take ESG issues seriously and integrate them into their business strategies and management.
The Corporate Sustainability Reporting Directive (CSRD) is recent legislation that legally obligates many companies to report on their ESG matters in the near future. Affected companies will be required to report in alignment with the European Sustainability Reporting Standards (ESRS), which lays out in detail how companies will be required to collect data and disclose … Continued
Apple’s latest video (see below) showcasing its efforts to reduce its environmental impacts left me both impressed but also nervous on their behalf. I was drawn in by the star-power and the overall professionalism that Apple demonstrated as it does with most of what it produces—its products, its streaming content and certainly this video. But … Continued
The UN Principles of Responsible Banking (PRB) are a framework for responsible banking developed by the United Nations Environment Programme Finance Initiative (UNEP FI). The PRB were published in 2019 and have now been signed by over 300 banks from 60 countries. The PRBs are based on six guiding principles The Principles for Responsible Banking … Continued
Companies of all shapes and sizes are increasingly confronted with pressure to set and perform against aggressive greenhouse gas reduction goals. While the pathway for reducing Scope 2 emissions can be described as straightforward. The path to reducing Scope 1 emissions is less clear. Dr. Matthew Gardner, Managing Partner of Sustainserv, provides a few new approaches and pushes for fundamental rethinking to find new solutions to the Scope 1 conundrum.
Published in BOARD, Journal for Supervisory Boards Germany, our experts Jennifer Gaussmann and Prof. Dr. Ralf Frank dive deeper into ESG and how CSRD significantly expands existing rules on non-financial reporting and how effective ESG-communication with capital market partners needs to be top of mind of many more board members in the future.
An integrated sustainability strategy combines both business and environmental and social goals in a cohesive framework which creates value for suppliers, staff, clients, and other stakeholders, and for the business itself.
LGT, the bank owned by the Liechtenstein Princely Family, has extensive experience in the management of family assets and committed itself to the topic of sustainability in the financial sector at an early stage. Long-term thinking and action have always been core elements of its business activities. Thus, sustainability initiatives are practiced at LGT on … Continued
Sustainserv was founded 20 years ago on the principle that sustainability generates value for companies, the environment and society. To that end, we stay on the cutting edge of corporate sustainability trends to inform our work and provide timely insights and guidance to our clients. Over the years, we have found our footing as a … Continued