Sustainable Automation Journey

Some issues that have helped to focus on sustainability matters are vulnerable supply chains and climate change. Companies as part of society need to address these issues. More than that, stakeholders expect to see companies transform as the sustainable operation is normalizing.

Corporate Social Responsibility (CSR) is the voluntary contribution of a company with the aim of acting responsibly towards employees, the environment, the market, and society. It can be seen as a general sustainability framework that creates a responsible approach toward all stakeholders. Environment, Social, and Governance (ESG) regulations quantitatively capture the holistic approach of CSR and focus on a sustainable and effective corporate policy.

Especially investors want to see organizations acting upon ESG regulations - regarding their long-term performance, workforce management, and the possible risks that can be foreseen with ESG. This is also emphasized by Nadja Picard, Global Reporting Leader at PwC Germany: "Companies need to be trusted by their customers, companies need to be trusted by their employees, and companies need to be trusted by their investors, for various reasons: They want to hire the best talents, they want to sell their product, possibly in a value chain, and they want to attract the best investors to help them with their growth ambitions and then business performance".

ESG shows the increasingly relevant social aspects in investment valuations, which are now as important as the financial aspects and should therefore be carried out as detailed and as focused.