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…
First of all, it is necessary to understand what CSR is. CSR stands for “Corporate Social Responsibility”. The guiding principle is that economy is a global network of mutually depending influencing factors. The main focus of a CSR-strategy is to protect people (employees of the company, employees of suppliers, the society in general) and the…
What are the GRI Standards? The GRI Standards are a set of internationally recognized CSR standards to report on sustainability topics. Usually, organizations use them to structure their sustainability/CSR a report. Such report is a tool used to disclose information to stakeholders, e.g. parties impacted by the organizations’ activities. Organizations report their commitments, their actions…
Over the past months, DFGE has released checklists with simple questions to help organizations improve their CSR programs. The questions help identify potential gaps that organizations can then decide to tackle. First, we explained how to structure the program as a whole. Then, we focused on the aspects of CSR listed in ISO 26 000:…
The CDP DACH Climate Leadership Award Conference and Ceremony 2016 took place on the 25th of October in Munich. As a longstading partner the DFGE was happy to be part of this event, which was held at Terminal 1 of the Munich Airport. Here are the highlights of this day. Our highlights First, several of…
The OECD recently conducted on carbon pricing on CO2-emissions for energy use across 6 economic sectors in 41 countries – 34 OECD member countries and 7 partner economies: Argentina, Brazil, China, India, Indonesia, Russia and South Africa, which account for 80% of global energy use and of CO2 emissions. What is carbon pricing? In…
Science-Based Targets enable to curb global warming. Before going into further details you can wa the NASA video called A year in the life of Earth’s CO2, to see CO2 emissions evolve over a year. Carbon Dioxide or CO2 is part of Greenhouse Gases emissions, meaning gases whose higher concentration lead to an increase in global temperatures. Discover…
We have decided to publish a series of 8 press releases, along with blog articles, providing organizations with a checklist of questions they can ask to easily identify potential improvement areas in the sustainability/CSR management. The first one focuses on the overall CSR strategy, and is divided into 6 main themes: 1 – Is the…
Since their adoption, there is an ongoing discussion how SDGs can be integrated and used by businesses; indeed, the SDGs explicitly name companies as contributors to a solution for sustainable development challenges. This article describes how the SDGs can be used as a framework for sustainable procurement strategy. Sustainable procurement means turning risks into opportunities Many…
What is the purpose of GRI? GRI (Global Reporting Initiative) is an internationally recognized standard for CSR reporting to help organizations set goals, measure performance, and manage change in order to make their operations more sustainable. The guidelines are now in their 4th version (G4). G4 process in a few words: – Identify your company’s…
