Companies face a variety of risks due to climate change – physical as well as transitory. Physical risks include, for example, more frequent extreme weather events, rising sea levels, and higher average temperatures. Transitory risks, also known as transition risks, result from the shift toward a low-carbon economy or changes in consumer behaviour. These risks make it ever more important for companies...
The Corporate Sustainability Reporting Directive (CSRD) has been in force throughout the EU since January 5, 2023. While large, publicly traded companies have already been affected by this for some time now and were able to adopt the necessary measures, the CSRD brings major changes, especially for smaller companies, in the medium term and will massively alter the nature and scope of sustainability...
The Taxonomy Regulation is the EU's response to the current climate and environmental challenges. It creates the framework for a uniform classification system throughout the EU for sustainable economic activities and increasingly encourages companies to meet their obligations to protect the environment. But the road to greater transparency in terms of sustainability is rocky, and companies often lack...
Durch eine Vielzahl an neuen Regularien in verschiedenen Ländern hat das Thema Nachhaltigkeit deutlich an Aufmerksamkeit gewonnen. Besonders die EU verfolgt das Ziel, Finanzmittel für die notwendige Transformation in Richtung einer nachhaltigen Wirtschaft zu mobilisieren und umzulenken.
Companies continuously produce data: from purchasing to production to sales, accounting, risk analyses, and customer care, companies collect and store information, thereby producing data on internal and external processes. However, for sustainability reporting and with regard to ESG evaluation criteria and classification aspects, consolidating different kinds of data of varying quality from diverse...
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