All about the developments and best practices in the HinSchG, LkSG, CSDDD and CSRD.

Discover our blog and find out about the latest developments and best practices in the areas of HinSchG, LkSG & CSDD and CSRD. Our experts share in-depth analysis and innovative approaches to keep you informed and one step ahead.

Emissions scopes at a glance: the GHG Protocol and scope categories 1-3

GHG Protokoll_Scopes

03.12.2024 • Reading time: 19 Min

CSRD

Emissions scopes at a glance: the GHG Protocol and scope categories 1-3

Climate change is one of the greatest challenges of our time and requires companies to act responsibly. At the heart of this responsibility is an understanding of the greenhouse gas emissions that contribute significantly to global warming. The GHG Protocol provides a structured framework to classify these emissions into three categories - Scopes 1, 2 and 3. In this article, we will shed light on the importance of these emissions scopes for companies, explain their respective characteristics and show how the correct quantification of emissions not only helps to comply with regulatory requirements, but also opens up opportunities to reduce CO₂ emissions. Let's dive into the world of emissions measurement together and find out how your company can actively contribute to climate protection.

CBAM - How companies are setting the course for a greener world with the CO₂ border adjustment system

cbam-co2-grenzausgleich

25.11.2024 • Reading time: 13 Min

Nachhaltigkeit

CBAM - How companies are setting the course for a greener world with the CO₂ border adjustment system

The Carbon Border Adjustment Mechanism (CBAM) is an important step in EU climate policy. Its aim is to regulate CO₂ emissions from imported goods. Developed as part of the EU Green Deal, the carbon border levy combats the problem of carbon leakage. This means that companies in Europe should be able to compete fairly. For business leaders and people who care about the environment, CBAM brings both opportunities and challenges in our global economy. In this article, we look at how the mechanism works, what effects it has on different industries and why it is important for a sustainable future.

Ecocide Directive: combating environmental crime

Umweltstrafrechtsrichtlinie

17.09.2024 • Reading time: 16 Min

Human rights

Ecocide Directive: combating environmental crime

Imagine a world where environmental crimes such as ecocide no longer go unpunished. The new Ecocide Directive could make just that possible by creating international standards for the protection of our planet. The Environmental Crime Directive is a ground-breaking proposal that redefines international law in the field of environmental protection. It aims to classify environmental crimes as serious offenses that can have not only national, but also European and international consequences. The legal framework provided by the directive creates a mechanism that enables member states to take concrete action against environmental crime. In this blog post, you will gain in-depth insights into the topic of ecocide and the associated directive. Dive into this important discussion with us and find out what concrete changes are to be expected and what role companies play in this context.

ESG investments, ratings & scores: an overview

ESG-Investments-Ratings

18.07.2024 • Reading time: 6 Min

ESG

ESG investments, ratings & scores: an overview

ESG investments are becoming increasingly important in the financial world. But what does this term actually mean? ESG stands for environment, social and governance and describes sustainable investment strategies that not only take into account returns, but also social and ecological aspects. In our article, we take a detailed look at the emergence and development of ESG investments, highlight their advantages and disadvantages and discuss risks and challenges. Why are ESG investments so important today? How does the principle of ESG investing work and what advantages does it offer? You can find an overview of everything you need to know here.

NIS2: Supply chains and IT security

NIS2_Lieferketten und IT-Sicherheit

17.07.2024 • Reading time: 11 Min

LkSG

NIS2: Supply chains and IT security

In the depths of the digital world lurk invisible dangers that can threaten companies of all sizes and industries alike. The NIS2 Directive introduces important requirements for operators of critical infrastructure and key assets to strengthen cyber security. The implementation of these measures is particularly important for companies in important sectors to effectively arm themselves against cyber threats. The German Federal Office for Information Security (BSI) is playing a key role in helping companies comply with the NIS2 Directive. In our blog post on the NIS2 Directive, we provide you with a comprehensive overview of current developments, including the German implementation and its current status, as well as the requirements in the area of cyber security. The directive marks a significant step towards strengthening digital security in Europe and affects companies across all industries. Find out how you can effectively prepare your company for the challenges ahead and successfully implement the requirements of the directive.

The Non-Financial Reporting Directive

Non-Financial Reporting Directive (NFRD)

17.06.2024 • Reading time: 9 Min

CSRD

The Non-Financial Reporting Directive

The NFRD affects many companies in the EU and imposes specific reporting requirements. But what exactly does this mean for your company? What legal requirements must be met? And how do you prepare an NFRD-compliant report? In this blog article, we give you a comprehensive overview of the NFRD, explain the key differences to the new CSRD (Corporate Sustainability Reporting Directive) and offer practical tips for implementation. Find out which companies are affected by the Non-Financial Reporting Directive, what information must be disclosed and how you can meet the requirements efficiently. Use this guide to optimally prepare for the requirements of the NFRD and take advantage of the benefits of transparent and sustainable reporting. We explain, what you need to know about the non-financial reporting directive.

EU Deforestation Regulation (EUDR)

EUDR

05.06.2024 • Reading time: 12 Min

EUDR

EU Deforestation Regulation (EUDR)

In the middle of a dense forest of rules and regulations under EU law: the EUDR. The EU Deforestation Regulation (EUDR/VO 2023/1115) introduces new requirements for companies along the supply chain of timber and forest products. This requires affected companies to comprehensively review their supply chains and implement effective measures to ensure compliance with the strict requirements. In particular, transparency and traceability are crucial to ensure that products are manufactured without deforestation and comply with all legal requirements. Companies are therefore faced with the challenge of reviewing and, if necessary, adapting their procurement practices to meet the requirements of the EUDR. It is crucial that companies start implementing the required measures early to avoid potential risks and sanctions while contributing to forest protection and sustainable development. In our blog post, you will get an overview of all the important topics of this regulation, its implications and how companies can prepare for the new due diligence requirements.

ESG reporting: a comprehensive guide

ESG Reporting

04.06.2024 • Reading time: 10 Min

ESG

ESG reporting: a comprehensive guide

ESG reporting is an essential component of modern corporate management that makes the environmental, social and governance-related aspects of a company transparent. Companies are placing increasing emphasis on ESG reporting in order to communicate their sustainability efforts transparently and thus strengthen the trust of their stakeholders. But what exactly is behind this term and why is it so important for companies to address it? Compliance with ESG standards not only helps to minimize risk, but can also open up new business opportunities and promote long-term growth. By using recognized frameworks such as GRI, TCFD and SASB, companies can produce structured and meaningful ESG reports that meet the needs of different stakeholders. This guide provides you with a comprehensive overview of the basics of ESG reporting, the most important frameworks and standards, and practical tips for preparing an ESG report. We also shed light on regulatory requirements and offer insights into the challenges and best practices in ESG reporting. Read more about ESG reporting now and find out how you can position your company to be sustainable and future-oriented.

Double materiality: all you need to know

Doppelte Materialität

29.05.2024 • Reading time: 7 Min

CSRD

Double materiality: all you need to know

What is double materiality in corporate reporting all about? In our article, we not only explain the concept of dual materiality, but also look at how it helps companies to optimize their reporting and paint a more complete picture of their environmental and social impact. Dual materiality is a key concept in sustainability reporting. It helps companies to integrate not only economic, but also social and environmental aspects into their reports. By considering this dual dimension, companies can convey a comprehensive picture of their social and environmental footprint. This holistic approach enables companies to report transparently on their activities while demonstrating their commitment to sustainability. Learn how considering both external and internal materiality helps companies paint a complete picture of their environmental and social impact, why dual materiality enhances transparency and trust, and how it contributes to long-term sustainability and business success. All you need is this article: you get to know all about double materiality at one glance.

Greenwashing: recognizing fake sustainability in companies

Greenwashing

27.05.2024 • Reading time: 12 Min

Nachhaltigkeit

Greenwashing: recognizing fake sustainability in companies

Increasing environmental awareness among consumers means that environmental and social aspects are becoming ever more important in purchasing decisions. Sustainability has developed into a convincing sales argument. Companies emphasize their social commitment or advertise products as particularly environmentally friendly. Greenwashing is a term that is becoming increasingly important in the business world and is often used in connection with environmental compatibility. Companies like to present themselves as sustainable and environmentally conscious, but how can you tell the difference between real sustainability and fake sustainability? According to a study by TerraChoice, 95% of environmental product claims use misleading or inaccurate information. Greenpeace's 2023 report also shows that 63% of products advertised as 'green' do not actually meet sustainability standards. In our blog post, we explore the question of what greenwashing means, how companies can recognize it and what measures they should take. All you need to know about recognizing greenwashing in companies, you can find in our article.

EU forced labor regulation: a tool against modern slavery

EU-Zwangsarbeitsverordnung

15.05.2024 • Reading time: 10 Min

Menschenrechte

EU forced labor regulation: a tool against modern slavery

A dark reality lurks in the shadows of the global economy: modern slavery. Despite progress in the 21st century, millions of people around the world are victims of exploitation and forced labor. However, this cruel reality is not only to be found in distant countries, but also in this country. One example of this is the reports on working conditions in the textile industry, where seamstresses have to work in inhumane conditions to meet our constant demand for cheap clothing. However, this exploitation does not only take place in the textile industry. In other industries such as agriculture, construction and the service sector, people are forced to work under similarly harsh conditions. The victims of modern slavery often remain invisible and their voices unheard. However, there is a prospect of improvement: the EU Forced Labor Regulation takes a firm stand against this practice. The introduction of the regulation, also known as the Forced Labor Regulation, means that in future no more products from forced labor may be sold. In the following, we will take a closer look at the definition of modern slavery, its causes and the scope of the EU Forced Labor Regulation.

Supplier evaluation and selection: Criteria and methods

Lieferantenbewertung

03.05.2024 • Reading time: 10 Min

LkSG / CSDDD

Supplier evaluation and selection: Criteria and methods

Choosing the right suppliers is crucial to running a successful business. This selection not only affects the quality and reliability of the products or services, but can also improve the way the company operates and lead to strong and lasting business relationships. But how do you find the optimal suppliers that perfectly match your company's needs and values? Today, companies face many challenges when evaluating and selecting their suppliers. The market is changing rapidly, customers expect more and more, supply chains are becoming more complicated and regulations are becoming stricter. A good supplier evaluation can help companies identify potential difficulties early on, ensure high product quality, reduce costs sensibly and adhere to legal rules. Well-organized supplier relationship management is necessary to achieve long-term economic success and grow the business. In our article, we take an in-depth look at how to evaluate and select suppliers. The aim is to provide you with useful knowledge and concrete advice. We explain how a planned approach helps to achieve business goals and grow the company continuously.

Focus on sustainability: the importance for companies

Nachhaltigkeit

03.05.2024 • Reading time: 8 Min

Nachhaltigkeit

Focus on sustainability: the importance for companies

Nowadays, sustainability is an important topic in the corporate world. But what does "sustainability" actually mean and what ideas are behind it? In this blog article, we take a closer look at what sustainability means, its basic principles and why it is so important for businesses. You will understand that longevity is more than just a trend; it is fundamental to the long-term success and good standing of businesses. From its beginnings in 18th century forestry to the important Brundtland Commission and the UN's big goals for 2030, this article focuses on how important sustainability is to our society and economy around the world. Acting sustainably is not only necessary, but also offers the opportunity to create a fairer and better future.

Implementing sustainable procurement

Nachhaltige Beschaffung

17.04.2024 • Reading time: 5 Min

LkSG / CSDDD

Implementing sustainable procurement

Environmental protection and social responsibility are becoming increasingly important. Sustainable procurement therefore offers companies a great opportunity to act more sustainably and thus contribute to environmental protection. This is not just about reducing their own ecological footprint, but also about supporting ethical supply chains. In our article, we explain how companies can achieve high environmental and social standards by carefully selecting suppliers and materials. We also show how this can strengthen the brand and how they can contribute to the sustainability of the global economy. How do you successfully implement green procurement step by step and how do you deal with challenges? Find out more in this article.

German Sustainability Code (DNK): a compass for sustainable business practices

Deutscher Nachhaltigkeitskodex

15.04.2024 • Reading time: 7 Min

CSR

German Sustainability Code (DNK): a compass for sustainable business practices

The German Sustainability Code, or DNK for short, is a guideline for companies to show how sustainably they operate. This code was created in 2011 and is part of the European CSR Directive. In Germany, companies do not necessarily have to comply with the German Sustainability Code. Although it is voluntary, it is still important for companies to report on their sustainability efforts. This is the only way they can show that they are operating in an environmentally conscious and responsible manner. In this article, we explain what the Sustainability Code is and why it can be useful for companies. The Code is an important tool for companies to prepare for a future in which sustainable business practices will become increasingly important, as it shows how companies can act more sustainably. Our article gives you an overview of how the Code is structured and what is expected of companies.

Environmental pollution: effects and countermeasures

Umweltverschmutzung

11.04.2024 • Reading time: 16 Min

Nachhaltigkeit

Environmental pollution: effects and countermeasures

In today's world, which is characterized by global challenges, the right to a healthy environment is becoming increasingly important. Our livelihoods and the future of generations to come depend largely on an intact ecosystem. However, the reality is that pollution continues to pose a serious threat to our livelihoods. From air pollution and soil contamination to pollution of the oceans - the effects are manifold and affect us all. Especially in times of climate change and global warming, the urgency of taking action to protect our environment is becoming ever more apparent. Alarming signals in this context are, for example, the loss of biodiversity and the destruction of natural habitats, which make it clear that there is an urgent need to rethink our approach to nature. This article analyzes different types of pollution, discusses their impact on people and nature, and examines the role of climate lawsuits and other measures to enforce environmental protection measures and reduce environmental pollution.

ESRS: The European Sustainability Reporting Standards

ESRS European Sustainability Reporting Standards

09.04.2024 • Reading time: 8 Min

CSRD

ESRS: The European Sustainability Reporting Standards

The introduction of the European Sustainability Reporting Standards (ESRS) not only increases transparency for investors, stakeholders and the public, but also promotes more sustainable corporate governance and strategy. By specifying criteria and indicators for reporting, the ESRS enable a more efficient assessment and better comparability of companies' ESG performance. The ESRS also support the EU in achieving the goals of the Green Deal and the 2030 Agenda for Sustainable Development. Companies that commit to the ESRS can also better identify potential risks and opportunities related to sustainability and improve their market position and competitiveness in the long term.

CO2 footprint: significance and strategies for reduction

CO2 Fußabdruck

09.04.2024 • Reading time: 10 Min

ESG

CO2 footprint: significance and strategies for reduction

In today's world, awareness of sustainability is more important than ever. Companies and individuals are increasingly aware of the impact of their actions on the environment and recognize the urgency of taking action to reduce their environmental footprint. A key aspect of these efforts is the carbon footprint, which measures the amount of carbon dioxide emissions caused by certain activities. But what exactly is behind this term, and why is it important for companies and individuals alike? In this blog post, we will get to the bottom of these questions and show how both companies and individuals can reduce their carbon footprint in order to make a positive contribution to environmental protection. You will learn about the significance and strategies for reducing your own CO2 footprint.

SFDR: Guide to the Sustainable Finance Disclosure Regulation

Sustainable Finance Disclosure Regulation

20.03.2024 • Reading time: 6 Min

ESG

SFDR: Guide to the Sustainable Finance Disclosure Regulation

The SFDR, also known as the Disclosure Regulation, presents companies with a challenge: the disclosure of sustainable information is becoming increasingly important. As part of the EU Sustainable Finance Framework, the regulation aims to link private investment with sustainability. In practice, this means that the regulation ensures that investors have access to the relevant information to enable sustainable investing. The background to this endeavour is the EU's action plan with the goal of a climate-neutral Europe by 2050. The Disclosure Regulation is relevant in that transparency, long-termism and sustainability in the financial world are to be harmonized under its umbrella. At the same time, the danger of greenwashing is to be reduced and prevented. The regulation is expected to have a positive impact on the integration of ESG criteria into the investment process and contribute to a more sustainable economy in the long term. This blog post highlights everything you need to know on the topic: the impact of the Sustainable Finance Disclosure Regulation, key terms and their meaning, as well as challenges and opportunities that arise for you from its application.

Sustainable Development Goals (SDGS): 17 goals for sustainable development

SDG Sustainable Development Goals

07.03.2024 • Reading time: 7 Min

ESG

Sustainable Development Goals (SDGS): 17 goals for sustainable development

The United Nations' Sustainable Development Goals (SDGs) represent an ambitious plan for a sustainable future. With a total of 17 goals, they cover a wide range of topics, from combating poverty and protecting the environment to promoting education. These goals not only provide us with a clear vision for a better future, but also show that together, as a global community, we can make a difference. By taking a closer look at each of the SDGs, we can better understand why they are crucial to the prosperity of us all. In our upcoming blog article, we will take a closer look at each of the 17 goals and explain their impact and importance for sustainable development.

All informations on the EU taxonomy summarised

EU Taxonomie Verordnung

06.03.2024 • Reading time: 6 Min

LkSG / CSDDD

All informations on the EU taxonomy summarised

The EU taxonomy defines clear environmental targets for companies and helps them to implement them. With this regulation, the EU aims to make a significant contribution to environmental protection and increase transparency with regard to environmental investments. The regulation was introduced to set uniform standards for environmentally friendly investments and to promote a sustainable economy. Companies must already prepare for this now, as the EU taxonomy will be mandatory for all relevant players in the European Union. It is becoming increasingly important to report on how companies are achieving their environmental goals and what they are doing to achieve them. In this article, we explain the regulation and look at which companies are affected and when they are obliged to report. In this blog post, we would like to provide an overview of the taxonomy. All informations about the EU taxonomy are summarised and well explained.

Sustainability reporting (CSRD): What you should know

CSRD Corporate Sustainability Reporting Directive

21.02.2024 • Reading time: 13 Min

CSRD

Sustainability reporting (CSRD): What you should know

Learn how the Corporate Sustainability Reporting Directive (CSRD) marks a significant milestone in European sustainability reporting and encourages companies to be more transparent about their environmental, social and governance aspects. In a world where sustainability is increasingly becoming a decisive factor for companies, uniform standards and extended reporting requirements are essential to increase stakeholder confidence and create long-term value. Our comprehensive guide provides you with a clear path to successfully lead your company into a sustainable future by effectively implementing CSRD and making your sustainability reporting a success. Find out everything you need to know here.

Introduction to supply chain management

Supply Chain Management SCM

17.02.2024 • Reading time: 9 Min

LkSG / CSDDD

Introduction to supply chain management

Supply chain management is the smart organization of all the steps that are necessary for a company's supply chain to function optimally. From product manufacturing to transportation to customer satisfaction, supply chain management is critical to a company's success. Find out how modern supply chain management not only improves supply chain operations, but also contributes to the long-term success of the company and customer satisfaction. In this article, we would like to give you a rough introduction to supply chain management.

From obligation to opportunity: Corporate Social Responsibility (CSR) in Germany

CSR Corporate Social Responsibility

15.02.2024 • Reading time: 13 Min

CSR

From obligation to opportunity: Corporate Social Responsibility (CSR) in Germany

Corporate social responsibility, or CSR for short, is about the responsibility that companies bear. It is about how they influence society and the environment. The German government attaches great importance to this because it wants companies to get involved. There are government guidelines and even a prize for this. Another important law in this context is the Supply Chain Duty of Care Act. It is intended to encourage companies to organize their supply chains sustainably. This means that they must ensure that their products are produced in a fair and environmentally friendly way. The definition of CSR explains what corporate social responsibility means and the guidelines provide clear guidance on how companies can put this responsibility into practice. If you want to know more about sustainability actions by companies in Germany, there is a lot of information available. It is important for companies to understand the basics of CSR if they really want to take their social, environmental and economic responsibilities seriously and act sustainably.

Code of Conduct for companies

Verhaltenskodex_Code of Conduct

05.02.2024 • Reading time: 6 Min

ESG

Code of Conduct for companies

We live in a time when ethical behavior and corporate social responsibility are becoming increasingly important. This means that companies must adapt their business practices accordingly. An important instrument to make this possible is the Code of Conduct. This document sets out rules for fair and environmentally friendly practices. It is intended to help companies and their suppliers to follow these rules. The Code is designed to help companies promote ethical behavior and environmental awareness. It provides a common basis for companies to set and achieve their sustainable goals. The focus is on establishing ethical standards throughout the supply chain, protecting the company's image and making it successful in the long term. In this article, we will explain the importance of the Code of Conduct for companies and provide practical tips on how it can be successfully integrated into corporate practice.

CSDDD for companies: The most important aspects of the EU law

CSDDD-EU

15.01.2024 • Reading time: 8 Min

LkSG / CSDDD

CSDDD for companies: The most important aspects of the EU law

The Corporate Sustainability Due Diligence Directive (CSDDD) is part of the new EU law on supply chains that is attracting a lot of attention. This regulation requires companies to audit their supply chains to ensure that there are no human rights violations or environmental damage. Companies will soon have to prepare to meet these requirements. But what exactly does this mean? In short, companies must ensure that their suppliers and partners respect human rights and act in an environmentally friendly manner. This directive gives companies the opportunity to take responsibility and do good. In this article, we will explain the most important points of the directive in more detail. We will also explain what companies should look out for and what benefits they can derive from it.

The Supply Chain Due Diligence Act (LkSG): all you need to know

Lieferkettensorgfaltspflichtengesetz-LKSG

16.01.2024 • Reading time: 12 Min

LkSG / CSDDD

The Supply Chain Due Diligence Act (LkSG): all you need to know

The Supply Chain Due Diligence Act (LkSG) for companies came into force in Germany on January 1, 2023. Since January 1, 2024, it has already applied to companies with at least 1,000 employees. The law on corporate due diligence obligations in supply chains obliges companies to take human rights and environmental standards within their value chain into account. The due diligence obligations defined in the law apply to both the business activities of companies and their suppliers. The law presents companies with the challenge of ensuring ethical standards in their supply chains. Nevertheless, implementing the law can not only improve a company's image, but also its competitiveness. In our article, we have summarized the most important points and background information on the law.

ESG: Environmental, social and governance

ESG Environmental Social Governance

10.01.2024 • Reading time: 9 Min

ESG

ESG: Environmental, social and governance

ESG is a term that has become increasingly popular in recent years. But what does it actually mean? ESG stands for Environmental, Social and Governance and covers the areas of environmental, social and corporate governance. By successfully implementing ESG criteria, companies can not only improve their sustainability, but also strengthen their image on the market. Environment Social Governance is therefore no longer just a trend, but has become an important part of the sustainability strategy. In this article, we will examine the importance of environmental, social and governance and the role of companies in promoting sustainable development.