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How to define ESG-Targets under the CSRD

The European Sustainability Reporting Standards (ESRS) provide a comprehensive framework for companies within the scope of the Corporate Sustainability Reporting Directive (CSRD) to report on a wide array of sustainability-related topics, including environmental, social, and governance (ESG) matters. These standards aim to make sustainability reporting as robust and reliable as… 

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How to prepare a Sustainability Business Plan

A sustainability business plan should integrate environmental, social, and economic considerations into the strategic planning and operations of the business. Here are the key elements a sustainability business plan should include: Remember, sustainability is about the long term, so your plan should be designed with this in mind. It should… 

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Questioning methods with AI

With profound AI-Solutions in the market “asking the rights questions” is becoming as important as the research process itself. Asking the right questions is often more important than knowing the answers because it can lead to a deeper understanding of a topic or problem. When we ask the right questions… 

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Which effect have rising interest rates on companies?

Rising interest rates can create a challenging environment for companies, particularly those that rely heavily on debt financing or consumer spending. However, the exact effects will depend on a variety of factors, including the specific industry, the company’s financial position, and the overall economic environment. Rising interest rates can have… 

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Inflation Impact on businesses

The term inflation refers to the increase in the prices of goods and services. It is usually caused by the decrease in the purchasing power of a currency. More often than not, when discussing this topic, people think of its effects on consumers. However, the impacts of inflation are usually… 

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Accounting Trends for International Businesses

Today’s accounting department must not only deal with the collection of financial information, but has to deal with non-financial information, controlling, IT and process topics to demonstrate that valid, meaningful actual and planning data can be provided to various stakeholders. The increasing complexity should lead to more transparency, but accounting… 

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Big Data Benefits

Big data is the term used to describe large amounts of data in reference to businesses. It is collected from a variety of sources such as social media or business sales. Big data can be used to save you time and money when developing new products. Combining big data benefits…