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ESG criteria

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…

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CSR-strategy basics

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…

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GRI Standards: streamline your internal reporting and strategy

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…

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Define your sustainable procurement strategy with the SDGs

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…

Understand GRI in 2 minutes

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…