– ESG – a future-oriented topic –
-ESG - a future-oriented topic

– ESG –
The abbreviation ‘ESG’ stands for Environmental, Social and Governance.
By this we talk about a wide-ranging set of rules for evaluating the future-orientated and ethical practices of companies.
However, ESG is not mandatory for every company.
A company with more than 250 employees, a balance sheet total of 20 million euros or an annual turnover of 40 million euros will be obliged to implement ESG requirements from January 2025.
SMEs (small and medium enterprises/small and mid-sized enterprises) will follow one year later – i.e. in January 2026 – although they have the option of applying for a deferral until 2028.
- 'E' - Environmental -
Environment: Resource efficiency is one of the most convincing points for companies with regard to greater sustainability. For manufacturing companies, waste and disposal costs are one of the biggest cost items.
Accordingly, you act sustainably & economically as a result of a plan to reduce, sell or recycle.
Environmental and energy management:
- 2019: emissions of 23 million tonnes of CO2 – almost three percent of all German greenhouse gas emissions + more than the capital caused in the same period
- thyssenkrupp aims to be climate-neutral by 2050 and sets ambitious targets for 2030
- commitment to the Paris Climate Protection Agreement* of 2015
have their targets checked against the new SBTi Net Zero Standard – this requires at least a 90% reduction in their own emissions (Scope 1), from energy procurement (Scope 2) and in the supply chain (Scope 3) by 2050
– Hydrogen as a substitute for fossil fuels – without CO2 emissions > highest amount of chemical elements in the universe – clean and readily available!
– for ‘green transport’ to be a success, one is dependent on ‘green electricity’
> Basis for the production of ‘green hydrogen’
Wind energy = essential renewable power source
– in order to produce energy using wind turbines, slewing bearings (specialised bearings designed for applications with extremely high loads, large shaft diameters and often low speeds) are required > key component for converting wind power into electrical energy > electrolysis
thyssenkrupp nucera:
– more than 50 years of electrolysis experience > Basis for water electrolysis technology
– AWE technology is used to convert fossil fuels into sustainable processes
– over 600 electrolysis projects worldwide – more than 10 GW installed capacity > leading global supplier
*Paris Climate Agreement: For the first time, the international community reached a binding agreement under international law to limit global warming to well below 2°C compared to pre-industrial levels.
- 'S' - Social -
This category refers to the social impact of an organisation on society and its stakeholders.
What are the relationships between the organisation & its employees, customers, suppliers, communities and other relevant stakeholders?
Key points: labour conditions, human rights, diversity, inclusion, health, safety in the workplace and community engagement = taking social responsibility for the well-being of your stakeholders
Human capital:
- occupational health and safety
- diversity and equal opportunities
- pay equity
Product liability and responsibility:
- product quality and health
- product safety
- data protection and data security
Stakeholder management:
- ESG consumer perception
- social dialogue
- political dialogue
- 'G' - Governance - corporate management -
– supervisory structures, administration & control –
This topic area includes transparency, ethics, integrity and structures (internal compliance guidelines) that ensure that a company is managed effectively, responsibly and efficiently – for the benefit of both shareholders and other stakeholders.
Corporate governance:
- good corporate governance
- executive Board and Supervisory Board remuneration
- sustainable innovation culture
Corporate behaviour:
- ethics, integrity and role model of top management
Stakeholder management:
- ESG consumer perception
- social dialogue
- political dialogue
- Importance of ESG -
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Goals for companies?
- reduction of operating costs: with ESG initiatives that fulfil specific requirements for environmental sustainability and social responsibility to save costs
- strengthening the trust of investors, employees and customers
- avoidance of damages: ‘greenwashing’
- strengthening of the reputation
- becoming more attractive for managers and specialists
– ESG – a future-oriented topic –
In-house seminars from the Bildungsinstitut Wirtschaft on the topic of ESG:
E-learning portal of the Bildungsinstitut Wirtschaft: Info
