ESG reporting

ESG reporting is the reporting by companies on their economic activities, which takes into account environmental, social and governance aspects. These three aspects are regarded as the key areas for sustainable corporate action.

The environmental aspect is concerned with the ecological footprint of a company. This includes measures and impacts in relation to energy consumption, greenhouse gas emissions, waste management, water consumption and other environmental aspects. Social concerns the impact of a company on society and its employees. This includes topics such as working conditions, employee rights, diversity and inclusion, health and safety in the workplace and social commitment. Governance focuses on the principles of good corporate governance. This includes aspects such as transparency, ethics, integrity, the composition of the Management Board, conflicts of interest and compliance with laws and standards.

To ensure effective ESG reporting, legal requirements and industry-specific standards must be met. Companies can use ESG reports internally for their own decision-making or publish them externally to inform investors, customers, employees and other stakeholders about their sustainability efforts.The report enables interested parties to better understand and assess the company’s impact on the environment and society.

Enterprise Resource Planning (ERP)