Competitive advantages through sustainability: integrating ESG goals into the corporate strategy
Sustainability aspects affect all business functions such as product development, production, financing, purchasing, and the company’s reputation as an employer. And it is not just about the implementation of regulatory requirements. Moreover, there are numerous ESG-related opportunities to strengthen a company’s future viability through strategic objectives and specific initiatives, and anticipate sustainability risks at an early stage. ESG thus becomes an essential factor in competitive differentiation and a cornerstone of corporate strategy.
Here you will find an overview of our services and solutions related to all aspects of ESG strategy development.
Identify and seize new opportunities while minimizing risk: this has always been one of the fundamental competencies of successful entrepreneurship. Changing market participants' demands and needs create opportunities for companies – but they also generate new risks. The strong social awareness worldwide of the consequences of climate change, the need for social justice and transparent corporate governance has firmly anchored sustainability as an essential element of the future on the agenda of various stakeholders. For business enterprises, these developments mean actively helping to sustainably shape the future – also in order to remain competitive going forward.
What challenges do organisations face?
Politics defines new framework requirements for corporate reporting. Investors are increasingly taking environmental and social risks into account when lending and investing. Consumers are changing their buying habits and are increasingly demanding sustainable products. Business partners also want and need to know how and under what conditions the products and services that they procure (and possibly further process) are created.
For management, these demands often result in a complexity that is difficult to handle with the existing resources and expertise – which are typically not yet sufficiently aligned with sustainability goals. This is especially true in small and medium-sized enterprises. Large and global enterprises also face their own unique challenges in sustainably transforming their global supply chains, as well as the differing regulatory and reporting requirements in various countries.
How Forvis Mazars can assist you
Our experts help companies of all sizes develop holistic sustainability objectives, integrate these into their corporate strategy, plan and implement the targeted measures, and develop control mechanisms.
Contacts
Stefan Schmal Partner - Munich
Our solutions for sustainability strategy
Competence in corporate management is always a key factor for success. The necessary experience gained over many years helps in dealing with future challenges. It becomes more difficult when the rules of the game change fundamentally: The issue of sustainability and its effects extend far beyond simply complying with the reporting requirements. However, this specific expertise has not yet been sufficiently...
ESG: Having the right data is essential
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...
Sustainability Compliance-Quick-Check
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.
ESG and blockchain: a world of possibilities
The complex issue of blockchain often arises when planning a state-of-the-art electronic data processing system. With regard to ESG and new regulatory requirements, companies now face numerous challenges, such as the Supply Chain Due Diligence act, in their efforts to address the myriad information obligations and the needs of their stakeholders. Creating a blockchain can make this easier.