Sustainability is now a necessity for companies, if only because of stricter regulations - from transparency requirements for financing and packaging rules to the carbon footprint of the supply chain. And there will be further requirements in the coming years, such as the revision of the Corporate Sustainability Reporting Directive (CSRD), the expansion of the EU taxonomy and the Supply Chain Act.
Customer behaviour provides the decisive impetus for sustainability
However, despite all the regulations, customers are the decisive factor: sustainable solutions for products and services are more in demand than ever before. Those who limit themselves to fulfilling the regulatory minimum are missing a great opportunity to respond to the more conscious consumer behaviour and sustainable lifestyle of customers and adapt products accordingly.
Adjustments to the product range are not only limited to private consumers; there is also great potential for sustainable corporate behaviour for companies that deal exclusively with corporate customers.
In our white paper "From compulsory exercise to value driver", we explain how companies can align both their operating and business models with sustainability.
Sustainable corporate governance increases the value of the company
An expanded or customised product range creates competitive advantages and greater corporate awareness. Revised pricing strategies improve the margin. Attractive working conditions and responsible leadership support employee retention. Visible ESG goals and measures therefore also increase the company's valuation.
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Dr. Jan-Hendrik Gnändiger
Partner, Audit, Global & EMA ESG Reporting Advisory Lead, Head of ESG Germany, Head of Sustainability Reporting & Governance Germany
KPMG AG Wirtschaftsprüfungsgesellschaft
Dr. Thimo Stoll
Partner, Performance & Strategy, Enterprise Performance; Head of ESG Strategy & Value Creation
KPMG AG Wirtschaftsprüfungsgesellschaft
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