The SDGs are becoming increasingly important in the economy. This is particularly evident in sustainability reporting practice, as CSR reporting is undergoing change. More than 80 % of all DAX30 companies have already integrated the SDGs (in several forms) into their recently published sustainability reports (see Umweltdialog, 30th August 2017). With the entry into force…
The World Water Day was proposed on the Agenda 21 of the UNCED in Rio de Janeiro. The day should be used by the member states of the UN to promote concrete actions in their countries and to draw attention to this important resource. Non-governmental organizations and companies are also putting emphasis on water on…
According to the International Labour Organization (ILO), approx. 2.3 million people lose their lives each year as a result of work-related illnesses or accidents. In addition, there are numbers of occupational accidents involving (sometimes serious) injuries (see for example ISO, 12th Feb. 2016)– a non-sustainable balance that needs to be reduced or (best case) avoided.…
An alternative to the traditional form of product and service acquisition is in vogue. Sharing Economy is the buzzword here. Essentially, this involves the temporary transfer of use of products that are lent, exchanged or shared. This can be observed both in the private and in the business environment. Sharing Economy – Definition Sharing Economy…
The TCFD framework (Task Force on Climate-related Finance Disclosures) is becoming increasingly popular. Chairman Mike Bloomberg and Mark Carney (chief of the Financial Stability Board) announced the growing importance of such framework and the increasing support from the economy at the ‘One Planet Summit’ (additional World Climate Summit on the 2nd anniversary of the Paris Climate…
The reporting initiative CDP announced last week that the CDP deadline 2018 will be extended. Thus, companies have a bit more time for planning their submission as well as for the collection and bundling of relevant data. While participants in the CDP Investor Program have to submit their responses (latest) on August 15, 2018, organizations…
How do the Science Based Targets work? Science Based Targets (SBTs) are reduction targets / goals for greenhouse gases. The Science Based Targets were created in the mid-2015 as a result of a partnership between the organizations CDP (Carbon Disclosure Project), WRI (World Resource Institute), WWF (World Wide Fund for Nature) and UNGC (United Nations…
The acronym ESG is an English abbreviation which stands for ‘Environment’, ‘Social’ and ‘Governance’. What are ESG criteria? ESG criteria help investors to find out how sustainable a company behaves in order to be able to make more targeted investment decisions (e. g. to do risk assessments well). The ESG criteria are used by investors…
World Environment Center (WEC) and DFGE Institute for Energy, Ecology and Economy will expand their cooperation to help organizations to better integrate Sustainability Intelligence into companies’ daily business from a corporate as well as from a global perspective. For March 2018 WEC and DFGE plan a webinar on “Climate-related Disclosures and Investment Decisions” – the…
This blog article briefly discusses the framework conditions as well as possible measures for drafting a ‘Sustainability Policy’ and makes a point of reference to the EcoVadis sustainability assessment platform. Short introduction – what is a ‘Sustainability Policy’? A ‘Sustainability Policy’ sets a defined framework and limits the necessary actions to achieve the goals in…
