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Sustainability risks: Challenges for companies [with 3 examples]

Sustainability risks are factors that can jeopardise the long-term stability and success of a company. These risks include environmental, social and governance-related aspects. The most important areas include climate change, resource scarcity, human rights and corporate governance. It is essential for companies to identify these risks and incorporate them into their strategic planning in order to secure their future viability. Climate change represents a significant sustainability risk. Its effects on companies are manifold. Extreme weather events such as floods or [...]

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ESG rating: More successful through sustainability?

ESG rating refers to the assessment of companies in terms of their environmental, social and governance performance. This tool enables the sustainability aspects of a company to be analysed systematically and is becoming increasingly important for investors pursuing sustainable investment strategies. The assessment is based on a large number of criteria covering the three main areas: Environment: CO2 emissions, resource consumption, waste management Social: working conditions, human rights, product responsibility Corporate governance: transparency, anti-corruption, remuneration structures Specialised rating agencies collect and analyse the following data

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Sustainable corporate goals: ESG in focus

ESG stands for Environmental, Social and Governance and refers to the three key areas of sustainability in companies. These factors play a decisive role in the development and realisation of sustainable corporate goals. Companies that take ESG criteria into account integrate environmental and social aspects into their business strategy and focus on responsible corporate governance. This enables them to create long-term value, minimise risks and improve relationships with stakeholders. ESG criteria serve as an orientation framework for

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Organisational negligence in FM: How to avoid it in 2024?

In the complex world of facility management, organisational failure (or at least organisational negligence) can have far-reaching consequences that go beyond immediate physical damage. From potential property damage and personal injury to long-term damage to an organisation's reputation, the risks are high. This article explores what organisational negligence (because that's at least what the allegation is about...) means, the types of harm that can occur and effective strategies to address it.

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Risk assessment: Everything at risk?

Risk assessment is a systematic process for identifying, analysing and evaluating potential hazards and risks in various areas. It serves to anticipate possible negative effects and develop suitable measures to minimise risks. The application of risk assessment extends across numerous sectors, including industry, healthcare, environmental protection and finance. As part of risk assessment, quantitative and qualitative methods are used to determine the probability and extent of potential damage. This includes

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The Chief Privacy Officer: protecting privacy in the company

The Chief Privacy Officer (CPO) is a central management position in organisations responsible for the protection and security of data. The main tasks of the CPO include: 1. developing and implementing data protection guidelines 2. ensuring compliance with applicable data protection laws 3. promoting data protection awareness within the company 4. training employees in data protection issues The CPO works across departments to integrate data protection aspects into all areas of the company. As the point of contact for external data protection authorities, the

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Customer loyalty: How companies build long-term customer relationships

Customer loyalty is a key factor for the long-term success of companies. Studies show that acquiring new customers is on average five to seven times more expensive than retaining existing customers. It therefore makes economic sense for companies to prioritise customer loyalty as a strategic goal. Loyal customers generate stable and predictable sales. They buy more frequently, spend more per transaction and are less price-sensitive. According to a study by Bain & Company, a

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The importance of IT security

In today's digital world, the importance of IT security should not be underestimated. With the increasing networking of devices and systems, the security of data and information is of crucial importance. Companies and private individuals alike depend on the security of their digital assets. IT security encompasses all measures taken to ensure the confidentiality, integrity and availability of data and systems. These include encryption technologies, firewalls, virus protection programmes and

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What are ESG standards and why are they relevant for my company?

ESG standards (Environmental, Social, and Governance) are becoming increasingly important in the business world. Companies today are faced with the challenge of not only pursuing financial goals, but also taking environmental and social aspects into account. ESG standards provide a framework to measure and evaluate these aspects. In this article, we will explain the definition of ESG standards, discuss their relevance for companies and highlight their importance for investors and company performance. Key Takeaways

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Project success: tips and tricks for successful projects

Project success is a central concern in the world of project management. It not only influences stakeholder satisfaction, but also the long-term competitiveness of a company. A successful project can lead to an increase in turnover, an improvement in brand image and a strengthening of customer loyalty. In many cases, the success of a project is measured by the achievement of specific goals, such as adherence to schedules, budgets and quality standards. These factors

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ESG in facility management: How companies can achieve their sustainability goals

Introduction ESG (Environmental, Social, Governance) is a term that has become increasingly important in recent years. Especially in facility management, ESG plays an important role as it helps organisations to implement sustainable practices in their operations. In this article, we will provide a comprehensive overview of ESG and its importance in facility management. What is ESG and why is it important in facility management? ESG refers to

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What actually is data protection?

Welcome to the world of data protection, where your personal information is at stake. With the exponential growth of technology, privacy and data protection concerns have become more present than ever before. In this article, we will explore the importance of data privacy and how it affects you in today's digital age. What is important for data protection in organisations Data protection in the corporate environment is about taking appropriate measures to

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