Sustainability: key to success for companies in times of crisis!

Sustainability: key to success for companies in times of crisis!

Wien, Österreich - In an exciting interview with Leadersnet explains Ruth Moss, Head of Sustainability at CRIF Austria, like the Synesgy Global Observatory analysis for the first time proves the clear connection between sustainability and economic success. These results are groundbreaking for companies: Sustainability is not a nice extra, but a crucial success factor. According to the analysis of 500,000 companies worldwide, sustainable companies have significantly higher sales and lower risk of bankruptcy. Companies with a high ESG score not only benefit economically, they also show better payment behavior, which makes them particularly attractive for investors.

The new omnibus regulation, which is intended to simplify the reporting obligations for sustainability for companies, was also discussed. The EU Commission's proposal aims to reduce the bureaucratic effort, especially for small and medium-sized companies (SMEs). Ruth Moss emphasizes that many SMEs suffer from the pressure of over -regulation and are often uncertain, which is now legally mandatory. A survey of 455 Austrian companies shows that 37 percent of them perceive this over -regulation as the greatest challenge. This step of the EU could help to put the importance of sustainability not only as a regulatory obligation, but also as a strategic element.

The importance of ESG

Furthermore, the support of ESG (Environmental, social, governance) shows how important long -term strategies are for companies. According to CRIF sustainability is becoming increasingly the basis for future-oriented companies. By implementing ESG principles, companies can not only reduce their ecological footprint, but also increase their long-term economic value. Banks and financial service providers are required to check their business models with regard to sustainability, because more and more companies are already legally obliged to create sustainability reports.

summarized it is now more important for companies than ever, to take sustainability seriously and to integrate them into their business strategies. The analysis of CRIF offers valuable insights into how companies can make their processes and supply chains sustainable. It remains exciting how companies will react to these rapid changes and whether they take the opportunity to position themselves as a pioneer of the sustainable economy.