How companies can avoid risks, take advantage of opportunities and manage sustainability
Good corporate governance is the foundation for every company. Failure to adhere to principles in this regard often leads to high penalties and, in the worst case, can even threaten the existence of the company. To avoid risks and avoid damaging the trust of all interest groups, transparency and appropriate management processes and structures are required to make sustainability an integral part of the fabric of the company.
Ethical principles and company-wide values model, as well as compliance regulations and guidelines, are the foundation of good sustainability management – throughout the entire value chain. This requires clearly defined powers and responsibilities, targeted processes, sustainability-minded decision criteria, a meaningful system of indicators and ratings, as well as intensive dialog with interest groups and sustainability councils.