ESG & Sustainability Newsletter

In this edition

1. News around the world

2. News from the financial services and insurance sector

3. Podcast

4. Let's get personal - WIACON's short interview

5. Did you know...?

1. News around the world

CEO′s deprioritize sustainability as it becomes more important to consumers, corporate buyers

Sustainability is falling behind other pressing issues on the priority list of CEOs worldwide as consumers increasingly focus on climate change and personal impact and companies shift their purchasing preferences to more sustainable products and suppliers, according to a new report published by global management consultancy Bain & Company.

German government presents draft CSRD legislation on sustainability reporting by companies

The German government has presented a draft bill (20/12787) to implement the EU directive on corporate sustainability reporting. In the course of implementation, the existing legal framework will also be reviewed and adapted in certain areas.

Sustainability reporting in transition: current developments and tools at a glance

As part of the staggered entry into force of the Corporate Sustainability Reporting Directive (CSRD), the majority of companies in the user group will be obliged to disclose environmental, social and governance information in the form of a CSRD-compliant sustainability report from the 2025 financial year at the latest.

There are legal uncertainties resulting from the numerous regulatory interpretations, lack of definitions and pending legislation. This makes it all the more important for decision-makers and managers in companies to stay informed about the latest developments in sustainability reporting.

Current ESG and product compliance - New regulatory requirements due to the EU Green Deal

The re-election of the President of the European Commission in July 2024 underlines that the implementation of the European Green Deal is likely to continue consistently. Below you will find an update on ESG compliance regulations already presented as well as explanations of other current regulations, directives and initiatives as part of the Green Deal.

The business of war: financial industry wants to classify arms manufacturers as sustainable

The financial industry is increasingly striving to classify arms manufacturers as sustainable and thus open the door to investments worth billions. In light of the Russian war of aggression against Ukraine, the image of the arms industry has changed in parts of society. What was once considered ethically questionable could now be promoted as “sustainable” by German banks and funds.

2. News from the financial services and insurance sector

ESG at banks: Banks pay attention to these ESG criteria

Banks are increasingly taking ESG (environmental, social and governance) criteria into account when granting loans in order to assess the risk of investments and ensure that companies operate sustainably. Companies with a poor ESG score often have to expect higher borrowing costs or more difficult access to loans, while particularly risky sectors and locations receive poorer ratings.

ESG reporting: shaping sustainability and creating transparency

In this article, “Mittelstand Nachrichten” explains what must be included in an ESG report and which deadlines apply to whom and when.?

3. Podcast

In this fresh new episode of Real AI. Now., we dive deep into a topic that’s gaining momentum across industries: the intersection of AI and Environmental, Social, and Governance (ESG) practices. Your host,? (Director of AI & Consulting at Two Impulse ), welcomes , an ESG Compliance Specialist at WIACON , to explore how artificial intelligence is reshaping how businesses approach sustainability and compliance.?

Alicia B. brings her vast experience in human rights and environmental law to the table, and together with Marc Giombetti , they shed light on why ESG is no longer a “nice-to-have” but a crucial pillar for modern business operations. They kick off the conversation by explaining what ESG actually is and why it matters, addressing some of the common misconceptions and outlining the essential first steps for companies to embark on this journey.

3. Let’s get personal - WIACON's short interview

To gain an insight into how sustainability and the climate crisis affect WIACONers in their everyday lives, we asked the following question:

ESG Spotlight: Shining Bright with Positive Impact!

Alicia, what positive trends or events related to ESG have you noticed recently, either in your daily life or in the news??

Alicia B. : Universities Embrace the Power of ESG Knowledge! ????

As an ESG compliance consultant, I firmly believe that true change begins with awareness and, most importantly, knowledge. Today, I’m thrilled to see that more and more universities are recognizing the?critical?importance of ESG principles and how they intersect with diverse fields of study. From integrating sustainability into business programs to using campuses as living labs for innovation, universities are leading the charge in equipping the next generation with the knowledge and tools to create a more sustainable and just world.

This shift towards embedding ESG into education is a game changer! ??? It demonstrates a deep understanding of the interconnectedness of environmental, social, and governance issues across all sectors, empowering future leaders to not only comply but drive meaningful change. As someone passionate about the transformative power of education, this news gives me renewed hope that we are on the right path toward a sustainable future. ?? Let’s keep pushing for progress—because with knowledge, comes action! ??

4. Did you know..?

Universities join the movement and become greener?

1. Reducing their carbon footprints

Universities are actively working to reduce their carbon footprints by minimizing greenhouse gas emissions. This involves making buildings more energy-efficient, transitioning to renewable energy sources, and encouraging sustainable transportation options for students. For example, Stanford University has replaced its fossil fuel energy system with one powered by clean electricity, reducing carbon emissions by 68%. Similarly, the University of Edinburgh aims to be carbon-free by 2040 through energy-efficient buildings and smart technology. Additionally, many universities engage students in sustainability efforts by offering carbon-neutral certifications, providing them with practical skills in carbon management.

2. Focusing on sustainable research and teaching by integrating topics?

The universities in Rhineland-Palatinate are working on the comprehensive integration of sustainability into their structures. They are focusing on sustainable research and teaching by integrating topics such as climate protection and sustainable development into degree courses.?

3. Optimizing the operation of their facilities

They are also optimizing the operation of their facilities through energy-efficient measures, waste management and climate-neutral mobility. University governance is being aligned with sustainability goals and interdisciplinary networks are being created to promote knowledge transfer. Overall, universities are driving innovative approaches to achieve climate neutrality by 2045.