The 17 Sustainable Development Goals (SDG) and their related 169 targets of the UN are getting more important in corporate reporting and in the development of nations. This article provides a list of all SDG’s and their related targets. The Sustainable Development Goals and targets are integrated and indivisible, global in nature and universally applicable,… Continue reading The 17 SDG Goals and their 169 Targets
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MiFID II and the integration of ESG factors
The Regulation (EU) 2019/2088 of the European Parliament and of the Council (SFDR Sustainable Finance Disclosure Regulation) requires a financial product’s documentation to describe how its stated levels of sustainability or sustainability ambitions (e.g. ESG factors = Environment, Social and Governance) are to be achieved or are achieved. As it is not a labelling regime,… Continue reading MiFID II and the integration of ESG factors
SFDR – 2021 to 2023 obligations
This article provides an overview of sustainable finance-related disclosure obligations (SFDR = Sustainable Finance Disclosure Regulation) for financial market participants (FMPs) and financial advisers (FAs) pursuant to Regulation (EU) 2088/2019 (Disclosure Regulation) and Regulation (EU) 2020/852 (Taxonomy Regulation) (No liability assumed). The aim of this regulation is to reduce information asymmetries in the relationships between… Continue reading SFDR – 2021 to 2023 obligations
The Supply Chain Act in Germany
According to the Supply Chain Act companies must ensure that human rights are respected in their supply chains, i.e. that no children work or forced labour takes place. This is about compliance with basic human rights standards. The aim is to improve the protection of human rights as there are 152 million child labourers worldwide,… Continue reading The Supply Chain Act in Germany
The new corporate minimum tax
The G7 have agreed in June 2021 on a new global corporate minimum tax. The Finance Finance Ministers of the G7 agreed the principles of an ambitious two Pillar global solution to tackle the tax challenges arising from an increasingly globalised and digital global economy. The details of the agreed principles will be finalised in… Continue reading The new corporate minimum tax
How Benchmarking leads to excellence
Market changes, social changes and technological progress lead to an ongoing need to adapt your business model. In order to remain competitive, changes are necessary, which have to be considered in strategy and planning and subsequently implemented. Benchmarking is a method to help you to identify performance gaps in comparison to other market participants. Strategy… Continue reading How Benchmarking leads to excellence
How to start your ESG rating
Enterprises are social organisations that follow a purpose. For a long time, this purpose was capital-oriented. Accordingly, most business valuation models are cash flow oriented and show the return on investment from the owner’s point of view. However, the total value of a company is made up of financial, social, environmental and governance-related values. This… Continue reading How to start your ESG rating
A questionnaire for evaluating ESG performance
This questionnaire provides an overview for measuring ESG performance. With this questionnaire it can be evaluated whether a) a company actively addresses the ESG impacts of its business activities and b) whether a company sustainably delivers positive and measurable performance in all value dimensions (economic, social, environmental and governance/compliance) for society and the economy. 1.1… Continue reading A questionnaire for evaluating ESG performance
Classic investment controlling in a group
Investment controlling in an international group can be exercised through reporting or cash management. The scope and governance of investment controlling defines the subsidiaries’ options and freedom of action. The investment controlling for a subsidiary tracks the strategy execution and reduces risks. Cash management for investment controlling The monitoring of cash flows in a cash… Continue reading Classic investment controlling in a group
SFDR – CSRD – NFRD – What’s it about?
This article provides an overview of the following EU-Directives: CSRD: Corporate Sustainability Reporting Directive, NFRD: Non-Financial Reporting Directive and SFDR: Sustainable Finance Disclosure Regulation. These directives of the EU foresee non-financial reporting (ESG-reporting) at a much larger scale (i.e. for more companies and with additional information). The directives will give consumers additional ESG information in… Continue reading SFDR – CSRD – NFRD – What’s it about?