The Management of an ESG Strategy

Klaus Rainer Kirchhoff (), Sönke Niefünd () and Julian von Pressentin ()
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Klaus Rainer Kirchhoff: Kirchhoff Consult AG
Sönke Niefünd: Merck Finck a Quintet Private Bank

Chapter Chapter 7 in ESG: Sustainability as a Strategic Success Factor, 2024, pp 75-82 from Springer

Abstract: Abstract This chapter focuses on the management of an ESG strategy in various types of companies: GmbHs, publicly traded companies, and family businesses. It emphasizes the need for an ESG management system that includes processes and procedures for setting goals and metrics, monitoring progress and setbacks, reporting, and engaging stakeholders. It addresses the specific challenges and opportunities that arise in the different types of companies. It emphasizes that the specific needs of the company, the industry, and regulatory requirements continuously influence the design and implementation of the ESG management system. Therefore, it is important to continually align the structure with the particular circumstances of the company while following best practices in ESG management.

Keywords: ESG Strategy; ESG Management; LLC; Listed Companies; Family Businesses; Sustainability; Corporate Governance; ESG Goals; ESG Metrics; Stakeholder Engagement; Corporate Culture; Corporate Structure; Regulatory Requirements; ESG Reporting; ESG Data Collection; ESG Audits; ESG Best Practices (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-45831-7_7

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DOI: 10.1007/978-3-658-45831-7_7

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