Supporting the circular economy means minimizing waste and making the most of resources. The ultimate goal is to create a system where products and materials are continually reused, reducing the need to extract new resources and minimizing waste. The ESRS E-5 of the CSRD define the reporting principles for the…
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…
Companies can use global location data for various purposes, depending on their industry and business objectives. Here are some common ways businesses can leverage location based data: These are just a few examples of how global data can be used across different industries. Ultimately, the specific use cases will depend…
Nuclear energy or power is the energy found in the nucleus/core of an atom. A single atom carries enormous power. This power can be used in the production of electricity when released from an atom. The power released heat water into steam, turning a turbine that generates usable electricity. This…
The concept of double materiality was mentioned in the non-financial reporting guidelines by the European Commission. It reads as follows: A company shall provide “information to the extent necessary for an understanding of the undertaking’s development, performance, position”. This is the outside-in view i.e. describing how industry trends (e.g. e-mobility,…
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…
Supply chain, even on a global scale, is often complex and mostly lacks transparency. This is why it is the responsibility of any business to work extra hard to ensure that they move towards achieving or, better still, improving their social responsibility (ESG factors: Environment, Social and Governance). Furthermore, many…
Disasters always come without warning, meaning lack of preparedness can have devastating results to businesses. The only way that a business can ensure preparedness for disasters is through a business continuity management programme. Barclay Simpsons describes Business Continuity Management (BCM) as a holistic management process that helps an organisation identify…
Corporate Responsibility is becoming ever more important in these challenging economic times. Real prosperity requires a combination of economic development with social generosity and demands a new approach towards social and managerial engagement. Mergers & acquisitions are typically complex in nature and have to be seen from a wider perspective…
The question we are addressing in this article is: Did the companies that have included sustainability and corporate responsibility in their strategies, acted fair und provided help during Corona (COVID-19). We are looking at the strategies of the companies and are providing examples of actions implemented in certain industries. Did…