Achieve sustainability goals with VODASUN® - improve ESG score with solar energy
In today’s business world, a company’s economic success is increasingly linked to its ecological, social and strategic responsibility. Against the backdrop of global challenges and growing stakeholder expectations, sustainability has evolved from an optional extra to an indispensable component of successful corporate management.
The integration of sustainability principles into the strategic orientation and management of companies is therefore not only a question of ethics, but also a key factor for long-term economic success and competitiveness.
What does ESG mean?
In 2006, the United Nations coined the term ESG, which stands for Environment, Social and Governance. This triad forms the guiding principles of our era and encompasses the practices and initiatives that aim to make our globe a better place.
for Environmental.
for social.
for governance.
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Europe's ESG reform!
Agenda 2030 and the goals that are being pursued:
The ESG transformation is at the heart of the ground-breaking 2030 Agenda for Sustainable Development sustainable corporate governance of the United Nations. By 2020, the world should be working together towards a healthier planet, a fairer society and an economically sustainable future. This means that companies must reduce their carbon footprint,use resources efficiently and report transparentlyon their sustainability efforts (ESG report).
Significant initiatives such as the Corporate Sustainability Reporting Directive (CSRD)and the Supply Chain Act are driving the implementation of this agenda. Companies are gradually obliged to make their contribution to sustainability. A clearly defined timetable until 2030 provides for the gradual expansion of these obligations, startingwith the introduction of the CSRD.
The measurable tracking of ESG criteria at a glance
Criteria and key performanceindicators (KPIs)developed specifically for the ESG area are used to ensure the successful integration of sustainability goals within the company. These goals are part of the “2030 Agenda for Sustainable Development” of the United Nations (UN) and oblige companies to link theirstrategies with the principles of sustainability.
The following criteria show examples of ESG criteria and key figures in the area of environment:
ESG characteristics:
ESG categorisation process:
ESG key figures:
The ESG benefits for your company
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Reducing operating costs
Reduce your operating costs and increase your efficiency by using your own electricity! Our solution enables you to use the solar power generated directly on site and thus reduce the need to purchase expensive grid electricity.
Access to more capital
Improve your access to capital and financing by implementing sustainable practices! Investors and lenders are showing increasing interest in companies that comply with ESG standards.
Image cultivation for your company
Invest in renewable energy sources such as photovoltaics to position your company as a pioneer in sustainability and environmental protection while achieving long-term economic success.
Regulatory compliance
Minimise legal risks and ensure compliance with regulatory requirements by adhering to relevant ESG regulations and standards.
ESG solutions for your company with VODASUN®
The implementation of renewable energy sources, especially solar energy, is now a key step for companies to reduce their environmental impact. With customised energy concepts, from planning to commissioning and flexible financing options,VODASUN offers first-class all-round support and provides holistic assistance on the way to becoming a green company.
Discover below how our customised ESG solutions can take your company to the next level of sustainability!
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FAQs - the most frequently asked questions
When were the ESG criteria introduced and by whom?
In 2015, the United Nations defined the 17 Sustainable Development Goals (SDGs) in the 2030 Agenda, which serve as a basic guideline for achieving the SDGs.
These objectives form the basis for the development of corporate ESG criteria.
How many ESG criteria are there?
The number of ESG criteria varies depending on the corporate sector and region and is often influenced by the individual focus on the 17 sustainability goals of the United Nations as set out in the 2030 Agenda.
These goals serve as guidelines for the actions of organisations and companies and reflect their impact on the environment, the economy and social interest groups. Some of the common ESG criteria include:
- Environment:
- CO₂ emissions and greenhouse gas emissions
- Energy efficiency
- Resource consumption and management
- Utilisation of renewable energies
- Social:
- Working conditions and employee rights
- Health and safety in the workplace
- Stakeholder engagement and communication
- Governance:
- Corporate management and structure
- Transparency in reporting and disclosure of information
- Risk management and compliance
Why is ESG important for companies?
ESG is important for companies because it helps them to create long-term value, manage risks and gain the trust of their stakeholders.
By taking environmental, social and governance factors into account, companies can improve their financial performance, minimise regulatory risks, strengthen their brand reputation and promote the loyalty of employees, customers and investors.
Ultimately, the integration of ESG principles helps to ensure the long-term stability and resilience of the company.
Is ESG only about risks?
No, ESG is not just about risks. ESG stands for Environment, Social and Governance and refers to the three central categories that companies take into account when assessing their sustainability and social impact.
While minimising risks is an important aspect, ESG initiatives also focus on identifying opportunities to improve environmental performance, social impact and corporate governance.
How can companies measure and evaluate their ESG performance?
Companies can measure and evaluate their ESG (environmental, social and governance) performance in various ways. Some common methods include:
ESG reporting:
Companies can prepare regular reports on their ESG activities and performance in order to document and transparently communicate their progress.
ESG ratings and rankings:
External agencies assess companies in terms of their ESG performance and award ratings or rankings. These can serve as a benchmark for comparison with other companies.
Stakeholder engagement:
Companies can communicate with their stakeholders, including investors, customers, employees and the community, and gather feedback on their ESG initiatives to assess and improve their performance.
ESG key figures:
The use of specific ESG indicators enables companies to quantitatively measure and track their environmental, social and governance performance.
What is the difference between CSRD and ESRS?
CSRD (Corporate Sustainability Reporting Directive) and ESRS (European Sustainability Reporting Standards) are two different guidelines and standards in the area of corporate sustainability reporting.
CSRD is an EU directive for large companies that are required to report non-financial information. It improves the quality and comparability of this information.
ESRS are standards for the disclosure of non-financial data in the EU, developed by the European Financial Reporting Advisory Group (EFRAG). They are intended to set uniform standards for non-financial reporting and help companies to fulfil the requirements of the CSRD.
What are the UN Sustainable Development Goals (ESG goals)?
The UN Sustainable Development Goals, also known as ESG goals (Environmental, Social, Governance), are a series of 17 goals that were defined by the United Nations in 2015 in the 2030 Agenda. Promoting sustainable cities and communities with measures for climate change are our most important goals.
What the other goals are will follow here:
- No poverty
- Not hungry
- Health and wellbeing
- High quality education
- Gender equality
- Clean water and sanitary facilities
- Affordable and clean energy
- Decent work and economic growth
- Industry, innovation and infrastructure
- Fewer inequalities
- Sustainable cities and communities
- Responsible consumption and production patterns
- Climate protection measures
- Life under water
- Life on land
- Peace, justice and strong institutions
- Partnerships to achieve the goals
