In 2020 the Covid-19 (Coronavirus) pandemic has become a global crisis affecting societies and corporations in an unprecedented way. In March of 2020 most countries around the globe have taken measures in form of shutdowns/lockdowns to counter the pandemic. These counter-measures certainly pose a challenge for most corporations to maintain their business models. Some industries are affected…
Despite the recent focus on the Corona pandemic, environmental and social topics should not be neglected. The following short status of public available information from automotive OEM companies is by no means complete and might be outdated pretty soon since new requirements and information is published almost weekly by companies, NGOs or other stakeholders. But…
Every year on April 22, Earth Day is celebrated in over 190 countries. Year after year, a new focus is set. This year’s motto is to take climate action – i.e. to mobilize the world to take the meaningful actions to limit global warming. What is the Earth Day? In 1970, Earth Day was born…
In light of increased environmental destruction, resource scarcity and increased waste production the concept of Circular Economy (CE) has gained increasing attention. It is the main goal of CE to re-form the dominant linear value chains into a circular economic system. By applying sustainable product design, closing resource loops, implementing service solutions or circularity along…
Science Based Targets (SBTs) are reduction targets calculated on a scientific basis to ensure global warming from the pre-industrial era is limited to well below 2°C, ideally 1.5°C. Developing SBTs and committing to the Science Based Targets initiative (SBTi) will allow companies to gain competitive advantages by reducing costs related to CO2 emissions and help…
The United Nations Global Compact has just launched its new CFO Taskforce to further advance the Sustainable Development Goals (SDGs) of the United Nations. What is the CFO Taskforce? The UN Global Compact is putting together a taskforce of Chief Financial Officers (CFOs) from the real economy and the financial sector alike. The taskforce aims at…
Reporting on sustainability becomes more important Companies face increasing pressure to disclose their corporate sustainability program. Such pressures come from various sources including legislative requirements and increasing public concern. Reporting and disclosure of a companies’ sustainability may be seen as a financial burden, however, they will become increasingly economically relevant (e.g., CO2 price). When an…
Happy New Year! The new year barely started and it is already time for planning your acivities around reporting and disclosure of your companies environmental, social and governance (ESG) activities and data. Several external recognition and disclosure bodies have very strict deadlines – other dates can be chosen by the company itself. This article focuses…
This year the 71st celebration of the Universal Declaration of the Human Rights (UDHR) takes place. DFGE outlines key points and general information of the Human Rights Day in this article. Human Rights Day Human Rights Day is observed every year on 10th December – the day the United Nations General Assembly adopted the Universal Declaration…
DFGE has recently published the whitepaper „Sustainability Challenges and Resources in the Chemical Industry“. In this paper, DFGE outlines the sustainability challenges the chemical industry is facing and provides ways to respond to them by presenting suitable standards and initiatives. Importance of the chemical industry The share of the chemical industry in all goods and…
