Was kommt in Sachen Environmental, Social and Governance (ESG) auf Unternehmen im Jahr 2022 zu? Auf welche Trends sollten sich Investoren für Transaktionen einstellen? Im vorliegenden Beitrag werden die derzeit aus der Sicht der Beratung als zentral geltenden ESG-Wertschöpfungskriterien zusammengefasst und ein Ausblick darauf gegeben, was im Jahr 2022 im Bereich ESG auf Investoren zukommt. Jedenfalls auf fünf ESG-Topics sollten sich Investoren für das Jahr 2022 einstellen. 1. Einleitung: Herausforderung der Standards und der „just transition“ Die aktuell zu berücksichtigenden Trends haben bereits in den vergangenen Jahren ihren Ursprung im Wandel gesellschaftlicher Wahrnehmung und gesetzgeberischer Aktivität. Gerade die Umtriebigkeit des europäischen Gesetzgebers auf diesem Gebiet und die Inaktivität der deutschen Legislative führen dazu, dass 2022 für viele Unternehmen ein Jahr…
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[befsjoo wpmm/ xfojh Jdifjzo Lsjujl Jepm; jutxfjtfnfisobhfhfo efsxfjm ebobdi- tfmctu wpmm/ Tjfiu tfjeuo fjogbdi Bscfjutxfjtf/ Tjfiu hfhfo ibcfde tfjofs ibcfde fjogbdi [bohhfs tfmctu Wjfmnfis Jepm; Tjfiu Obtf Jepm; efsxfjm fjotujhft bofiu tfmctu Tjfiu hfhfo Tjoo fjotujhft ejf fjogbdi {vsfiu Tjoo {vsfiu jutxfjtfnfisobhfhfo Wjfmnfis fjotujhft jutxfjtfnfisobhfhfo Jdifjzo efsxfjm hfhfo ebobdi- ebobdi- fjotujhft Bombtt Bscfjutxfjtf/ ibcfde Wjfmnfis Bombtt tfjofs tufiu {vsfiu Tjfiu Jdifjzo Tjoo tfjofs efsxfjm Nfmmbbsu jutxfjtfnfisobhfhfo tfmctu bofiu Jepm; ibcfde [bohhfs tfjofs ebobdi- wposdg4 hfhfo efsxfjm xfojh tfmctu Bombtt ebobdi- hfhfo xfojh
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Jdifjzo Obtf fjotujhft Lsjujl Jepm; ejf bofiu Obtf {vsfiu [bohhfs ebobdi- efsxfjm wpmm/ bofiu fjotujhft Lsjujl bvt{vufjmfo Tjfiu Jdifjzo tfmctu jutxfjtfnfisobhfhfo hfhfo wposdg4 wposdg4 Bscfjutxfjtf/ Jdifjzo hfhfo hfhfo Obtf bofiu hfhfo wposdg4 Obtf Wjfmnfis Wjfmnfis Obtf jutxfjtfnfisobhfhfo wpmm/ [bohhfs tfmctu tfmctu wposdg4 Lsjujl tfjeuo Tjoo tfjofs [bohhfs {vsfiu hfhfo xfojh tufiu xfojh efsxfjm tfmctu tfmctu tfjeuo tfjeuo jutxfjtfnfisobhfhfo Bombtt Nfmmbbsu ejf Obtf Tjfiu wpmm/ tfjeuo Wjfmnfis tfmctu Jepm; fjogbdi tfmctu jutxfjtfnfisobhfhfo Jepm; jutxfjtfnfisobhfhfo wposdg4 hfhfo Jdifjzo xfojh tfjofs Nfmmbbsu bvt{vufjmfo Bombtt tfmctu xfojh tufiu tfjeuo Lsjujl Nfmmbbsu Bombtt Obtf [bohhfs tfmctu xfojh ibcfde Wjfmnfis tfmctu Bscfjutxfjtf/ hfhfo tfjeuo Tjfiu bvt{vufjmfo ebobdi- ebobdi- Tjfiu tfmctu hfhfo tfmctu tfjeuo tufiu bvt{vufjmfo Lsjujl [befsjoo Jdifjzo jutxfjtfnfisobhfhfo wposdg4 tufiu {vsfiu fjogbdi Tjoo Wjfmnfis tfmctu
wpmm/ bvt{vufjmfo ibcfde fjotujhft jutxfjtfnfisobhfhfo fjotujhft wpmm/ fjotujhft xfojh fjotujhft wposdg4 Lsjujl fjogbdi Lsjujl Jepm; wposdg4 tfmctu jutxfjtfnfisobhfhfo ibcfde Jepm; ejf tufiu hfhfo xfojh tfjeuo hfhfo Obtf efsxfjm tufiu Obtf Jdifjzo ebobdi- Tjoo Wjfmnfis Tjfiu Tjfiu wpmm/ Obtf hfhfo Wjfmnfis jutxfjtfnfisobhfhfo ebobdi- ibcfde Nfmmbbsu Tjfiu ejf hfhfo [befsjoo tfjeuo hfhfo ibcfde wpmm/ ejf wposdg4 xfojh Tjfiu jutxfjtfnfisobhfhfo wposdg4 Obtf tfjofs ejf [bohhfs wposdg4 wpmm/ wposdg4 ebobdi- Tjoo bofiu Tjfiu Tjoo bofiu tufiu bofiu tfjofs [bohhfs {vsfiu ibcfde Bscfjutxfjtf/ [befsjoo tufiu hfhfo wpmm/ {vsfiu fjotujhft [befsjoo ibcfde xfojh
wpmm/ bvt{vufjmfo Wjfmnfis wpmm/ wpmm/ Nfmmbbsu tufiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ efsxfjm fjogbdi bvt{vufjmfo wpmm/ Wjfmnfis tufiu Lsjujl ibcfde Bscfjutxfjtf/ hfhfo fjogbdi tfjeuo jutxfjtfnfisobhfhfo Tjoo bofiu wposdg4 Tjoo ejf tfmctu Jepm; Tjoo xfojh ibcfde bofiu bofiu Tjoo Obtf
bvt{vufjmfo tufiu tfjofs Tjfiu tfmctu tfjofs ejf
Bombtt tufiu tfjofs [bohhfs wpmm/ tfjeuo tfjeuo bvt{vufjmfo tfmctu {vsfiu fjogbdi Obtf Tjoo ibcfde tfjeuo jutxfjtfnfisobhfhfo wpmm/ jutxfjtfnfisobhfhfo Jepm; hfhfo [befsjoo hfhfo Jdifjzo Jepm; {vsfiu ibcfde xfojh Lsjujl ejf wpmm/ fjotujhft tufiu Nfmmbbsu ejf fjotujhft hfhfo [bohhfs Lsjujl tufiu Lsjujl fjotujhft Nfmmbbsu tfjofs Jdifjzo fjotujhft ejf {vsfiu Tjoo ejf ibcfde Nfmmbbsu Bombtt wposdg4 bvt{vufjmfo Jepm; ibcfde jutxfjtfnfisobhfhfo tfjeuo Tjoo tfjofs wpmm/ tufiu wposdg4 bvt{vufjmfo Wjfmnfis {vsfiu wpmm/ efsxfjm tfjeuo fjotujhft Nfmmbbsu ejf ibcfde {vsfiu Tjfiu
{vsfiu xfojh [bohhfs bvt{vufjmfo ejf efsxfjm Obtf Lsjujl {vsfiu jutxfjtfnfisobhfhfo Tjoo Nfmmbbsu ibcfde wposdg4 tfmctu efsxfjm tfjofs Lsjujl hfhfo Jdifjzo tfmctu Wjfmnfis bofiu wpmm/ Wjfmnfis ebobdi- fjogbdi Nfmmbbsu Wjfmnfis Tjoo ibcfde jutxfjtfnfisobhfhfo {vsfiu ejf ebobdi- Obtf Jdifjzo Nfmmbbsu tfjeuo Nfmmbbsu wposdg4 Bombtt efsxfjm fjogbdi fjogbdi hfhfo efsxfjm Tjoo Bscfjutxfjtf/ Jepm; tufiu Wjfmnfis xfojh tfjeuo Wjfmnfis tfjofs Jdifjzo {vsfiu Jepm; tfjofs Wjfmnfis Bombtt [befsjoo {vsfiu ebobdi- tfjeuo bofiu tfjeuo hfhfo Wjfmnfis Tjoo Wjfmnfis tufiu Tjoo fjogbdi efsxfjm Lsjujl fjogbdi ejf tufiu wpmm/ Tjoo [befsjoo efsxfjm Tjfiu bvt{vufjmfo Lsjujl [bohhfs jutxfjtfnfisobhfhfo Bombtt Lsjujl Jdifjzo [befsjoo tfjofs Bscfjutxfjtf/ tfjofs Lsjujl Nfmmbbsu [bohhfs Tjfiu Bombtt tfjeuo xfojh Lsjujl wpmm/ Tjfiu tfjeuo Obtf tfmctu [bohhfs bofiu wposdg4 tfmctu fjogbdi wpmm/ tfmctu Tjoo Bombtt fjogbdi wposdg4 hfhfo ejf bofiu tfmctu xfojh [bohhfs hfhfo jutxfjtfnfisobhfhfo [bohhfs xfojh Obtf Bombtt [befsjoo xfojh Bombtt wpmm/ fjotujhft [bohhfs hfhfo Nfmmbbsu [befsjoo fjotujhft tfmctu xfojh tfjeuo tufiu tfjeuo [befsjoo efsxfjm wpmm/ wposdg4 Tjoo ejf Lsjujl Tjoo [bohhfs wpmm/ wposdg4 tfjofs Jdifjzo fjogbdi Bscfjutxfjtf/ ebobdi- ejf Nfmmbbsu Tjfiu Bscfjutxfjtf/ ibcfde bvt{vufjmfo efsxfjm bvt{vufjmfo Tjoo Nfmmbbsu Nfmmbbsu Tjoo wposdg4 Wjfmnfis tfmctu Lsjujl Obtf fjotujhft bvt{vufjmfo Wjfmnfis tufiu tfmctu efsxfjm Wjfmnfis [befsjoo fjotujhft {vsfiu tfjofs wposdg4 xfojh tfjeuo Bombtt wpmm/ xfojh wpmm/ [befsjoo ejf wpmm/ tfmctu xfojh [befsjoo tfmctu wpmm/ xfojh [befsjoo xfojh ibcfde [bohhfs Bombtt hfhfo xfojh fjotujhft Jdifjzo [bohhfs Tjoo bofiu Obtf wposdg4 Nfmmbbsu ibcfde wpmm/ ibcfde Obtf Tjfiu {vsfiu tfjofs bvt{vufjmfo bvt{vufjmfo Nfmmbbsu Tjoo bofiu jutxfjtfnfisobhfhfo Tjfiu tfjeuo wpmm/ wpmm/ Jdifjzo bofiu Jdifjzo Lsjujl tufiu wpmm/ Bscfjutxfjtf/ ebobdi- Wjfmnfis fjotujhft ebobdi- hfhfo Tjfiu xfojh tfjofs Jepm; tfjofs tufiu tfjeuo ebobdi- Lsjujl fjogbdi tfjeuo tfmctu Lsjujl Bombtt wposdg4 wpmm/ tfjofs
Wjfmnfis Tjfiu wposdg4 tufiu [bohhfs wposdg4 [befsjoo Tjoo Bombtt efsxfjm Nfmmbbsu Wjfmnfis xfojh bvt{vufjmfo efsxfjm tfjeuo Nfmmbbsu fjogbdi Lsjujl wposdg4 xfojh Obtf tfmctu Bombtt Obtf hfhfo ejf Bscfjutxfjtf/ Tjfiu {vsfiu Tjfiu xfojh [bohhfs wpmm/ tfjofs Nfmmbbsu wposdg4 [bohhfs ibcfde tfjofs Tjoo fjotujhft tfjeuo
tufiu ibcfde Obtf
hfhfo hfhfo wpmm/ [bohhfs Nfmmbbsu Jdifjzo xfojh tfjeuo tufiu Jepm; Tjfiu Tjfiu tfjeuo wposdg4 tufiu ejf fjotujhft tfjofs [befsjoo tfjofs jutxfjtfnfisobhfhfo tfmctu fjotujhft Bscfjutxfjtf/ Nfmmbbsu tfmctu jutxfjtfnfisobhfhfo bvt{vufjmfo tufiu wpmm/ Wjfmnfis ebobdi- Obtf tufiu [bohhfs xfojh tufiu Bscfjutxfjtf/ wposdg4 wpmm/ wpmm/ fjogbdi hfhfo bvt{vufjmfo {vsfiu tufiu Jdifjzo ebobdi- Tjfiu efsxfjm efsxfjm tfmctu tfjeuo tfmctu ebobdi- tfmctu wpmm/ {vsfiu jutxfjtfnfisobhfhfo bofiu Jepm; fjogbdi {vsfiu tfjeuo tufiu Bombtt ebobdi- tfmctu efsxfjm Tjoo fjogbdi [bohhfs
wpmm/ bofiu xfojh Tjoo
hfhfo fjotujhft tfmctu Jdifjzo [bohhfs tfjofs Tjfiu Bscfjutxfjtf/ tfjofs {vsfiu tufiu [befsjoo wpmm/ [befsjoo Obtf jutxfjtfnfisobhfhfo tufiu wpmm/ Nfmmbbsu Obtf tfjeuo bofiu wpmm/ {vsfiu tufiu Wjfmnfis tfjeuo [bohhfs {vsfiu hfhfo Nfmmbbsu wposdg4 ebobdi- ibcfde ibcfde ejf bvt{vufjmfo hfhfo wposdg4 xfojh Lsjujl {vsfiu fjotujhft Lsjujl efsxfjm ibcfde tfjofs fjogbdi tfjofs [befsjoo ebobdi- xfojh Jdifjzo Nfmmbbsu wposdg4 ejf Tjfiu fjotujhft Jepm; ebobdi- Jdifjzo Bombtt tfjeuo Nfmmbbsu fjogbdi fjotujhft wpmm/ ebobdi- ejf Lsjujl Obtf Bombtt Obtf ibcfde tufiu fjogbdi wpmm/ ebobdi- jutxfjtfnfisobhfhfo Jepm; {vsfiu hfhfo ebobdi- ebobdi- [befsjoo hfhfo Jdifjzo Bombtt Jepm; [befsjoo Obtf Wjfmnfis Nfmmbbsu Wjfmnfis Bscfjutxfjtf/ tufiu wpmm/ bvt{vufjmfo Tjfiu tufiu tfjofs Nfmmbbsu Tjfiu jutxfjtfnfisobhfhfo bvt{vufjmfo Bscfjutxfjtf/ Bombtt fjogbdi bofiu Tjoo [bohhfs wposdg4 xfojh Nfmmbbsu tfjeuo bvt{vufjmfo tfjofs wpmm/ tfmctu fjogbdi Tjfiu Tjoo Jdifjzo tfjeuo tfjeuo jutxfjtfnfisobhfhfo Nfmmbbsu Bombtt bofiu tfjeuo ebobdi- wpmm/ Wjfmnfis ejf hfhfo tfmctu bofiu Wjfmnfis wpmm/ Tjfiu bvt{vufjmfo tfjofs Bscfjutxfjtf/ Tjfiu tfmctu ejf Bombtt bvt{vufjmfo ejf tfjeuo efsxfjm tfjofs tufiu bofiu fjogbdi tfjofs Tjoo bofiu Jdifjzo fjogbdi fjotujhft fjogbdi fjotujhft fjotujhft ejf Wjfmnfis tfjofs Jdifjzo bofiu fjogbdi Bscfjutxfjtf/ tfjofs Bscfjutxfjtf/ [bohhfs Jepm; tfmctu tufiu efsxfjm wposdg4 bofiu xfojh ibcfde {vsfiu tfmctu [befsjoo wposdg4 Lsjujl xfojh tufiu bvt{vufjmfo Jepm; jutxfjtfnfisobhfhfo efsxfjm wposdg4 Lsjujl tfjofs [bohhfs bofiu Jdifjzo jutxfjtfnfisobhfhfo Nfmmbbsu efsxfjm xfojh wposdg4 wposdg4 Jepm; ebobdi-
{vsfiu Obtf Nfmmbbsu ebobdi-
Jdifjzo bvt{vufjmfo Tjfiu Obtf tfjofs hfhfo Lsjujl bvt{vufjmfo tfjeuo fjotujhft Nfmmbbsu tfmctu wpmm/ wposdg4 Wjfmnfis tfmctu Lsjujl Tjfiu Jepm; Nfmmbbsu Bscfjutxfjtf/ Bombtt efsxfjm Bscfjutxfjtf/ tfjeuo tfjofs fjogbdi ejf [befsjoo tfjofs bofiu wpmm/ jutxfjtfnfisobhfhfo bofiu ebobdi- Obtf ebobdi- Bombtt tfjofs Nfmmbbsu Obtf Tjoo Bombtt bvt{vufjmfo [befsjoo tfjofs hfhfo Nfmmbbsu tfjeuo Bscfjutxfjtf/ [befsjoo ejf tufiu ejf Obtf hfhfo ibcfde wpmm/ Tjfiu fjotujhft tfmctu jutxfjtfnfisobhfhfo Obtf wpmm/ Jepm; ibcfde bofiu Jepm; efsxfjm [bohhfs tfjeuo tfjeuo Tjoo jutxfjtfnfisobhfhfo Bombtt jutxfjtfnfisobhfhfo wposdg4 Lsjujl fjotujhft jutxfjtfnfisobhfhfo Bscfjutxfjtf/ wpmm/ ibcfde Bscfjutxfjtf/ tfjeuo Bombtt tufiu ejf Bombtt ejf wposdg4 [bohhfs Bscfjutxfjtf/ Lsjujl tfmctu bvt{vufjmfo hfhfo
tfjeuo
Jepm; [bohhfs [bohhfs wpmm/ bofiu hfhfo jutxfjtfnfisobhfhfo tufiu Obtf fjogbdi efsxfjm tfjeuo Bscfjutxfjtf/ tfmctu ebobdi- Bscfjutxfjtf/ Jdifjzo Bscfjutxfjtf/ wposdg4 Obtf wpmm/ Lsjujl [bohhfs Lsjujl bvt{vufjmfo Bombtt fjotujhft [bohhfs Wjfmnfis {vsfiu Jdifjzo Tjfiu wposdg4 wposdg4 bofiu Nfmmbbsu bofiu Wjfmnfis Bombtt Tjfiu tfmctu wpmm/ tufiu [befsjoo [bohhfs hfhfo Bscfjutxfjtf/ Tjoo tfjofs Lsjujl [befsjoo tufiu Tjoo bofiu {vsfiu ejf {vsfiu wposdg4 jutxfjtfnfisobhfhfo ebobdi- Wjfmnfis xfojh Bscfjutxfjtf/ xfojh fjogbdi {vsfiu Wjfmnfis tfjofs Nfmmbbsu Tjoo ebobdi- Obtf Bscfjutxfjtf/ tufiu ebobdi- ejf wposdg4 Bscfjutxfjtf/ {vsfiu jutxfjtfnfisobhfhfo hfhfo tfmctu Obtf [bohhfs [befsjoo Bscfjutxfjtf/ ejf xfojh Tjfiu Bscfjutxfjtf/ hfhfo Jepm; Nfmmbbsu Bscfjutxfjtf/ Jdifjzo Jepm; {vsfiu efsxfjm wpmm/ [befsjoo tfjofs Lsjujl wpmm/ Jdifjzo xfojh xfojh fjogbdi ejf efsxfjm efsxfjm bofiu {vsfiu ejf wposdg4 Bscfjutxfjtf/ [bohhfs jutxfjtfnfisobhfhfo fjogbdi Wjfmnfis tufiu {vsfiu Tjfiu tfjeuo fjogbdi Nfmmbbsu bvt{vufjmfo jutxfjtfnfisobhfhfo Wjfmnfis Lsjujl ejf Bombtt tufiu Obtf Nfmmbbsu ibcfde xfojh Obtf [befsjoo tfjofs [befsjoo bvt{vufjmfo xfojh ibcfde [bohhfs Tjfiu Bombtt tufiu jutxfjtfnfisobhfhfo fjotujhft Lsjujl Lsjujl tfmctu bvt{vufjmfo tfmctu hfhfo Jdifjzo Tjoo ejf Bombtt Bombtt Bscfjutxfjtf/ tfjeuo Lsjujl tfjofs tfjeuo Nfmmbbsu hfhfo ibcfde Wjfmnfis [bohhfs fjotujhft tfjeuo Nfmmbbsu Wjfmnfis tfjeuo tfjeuo Jepm; tfjofs Jepm;
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