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Germany’s Corporate Commitment to Sustainability 2024

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Germany’s Corporate Commitment to Sustainability

Sustainable investing is becoming a powerful force in financial markets, attracting investors seeking financial returns while prioritizing ESG criteria. Germany, known for its commitment to sustainability, excels in growth, employment, social security, and environmental protection. Many German companies are dedicated to their social responsibility, making it one of the world’s most sustainable industrialized nations. This report provides an in-depth analysis of corporate sustainability in Germany, focusing on recent years while also considering historical data. It examines the efforts and achievements of German companies in various sectors regarding their ESG performance.

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Germany’s corporate commitment to sustainability report 2024

Format: PDF | 23 pages | Region: Germany |  May 2024 | Delivery: Immediate

Key findings

  • Tomorrow GmbH ranks highest according to employee ratings, recognized for ensuring sustainable investments.
  • In the CSR Benchmark 2023, REWE Group led with 818 points out of 1,000, followed by Deutsche Telekom AG and Schaeffler AG.
  • In 2023, 36% of German companies had dedicated sustainability departments, and 9% had cross-departmental sustainability management.
  • Only 15% of the public felt industries had done enough to protect the environment, with environmental organizations perceived as leading efforts. **Conclusion**: There is a significant gap between public expectations and industry actions on environmental protection.
  • 80% of B2B companies reduced energy usage, and 59% implemented paperless processes to enhance sustainability.
  • Digitalization spending was predicted to drop from 23% in 2023 to 7% in 2024, i.e., companies are reducing digitalization spending, potentially impacting sustainability advancements.
  • Accelerated digitalization in the energy sector could save 26.4 million tons of CO2 by 2030.
  • In 2023, 54% of companies cited lack of time and qualified workers as major barriers to digital development.
  • In 2023, over 16.7 million German consumers focused on fair trade certification, showing year-on-year increases.
  • In 2023, 40% of organic product buyers considered sustainability important, compared to the general population.
  • There has been substantial growth in fair trade product sales over the past three decades - sales revenue increased from 29 million euros in 1993 to 2.56 billion euros in 2023.

And much more.

Industry and committee measures

Leading actions taken up by companies as part of sustainability efforts worldwide 2022

Inside the report

Sustainability company rankings

  • Top 10 most sustainable employers in Germany 2023 
  • Companies with the best digital CSR activities in Germany 2023 
  • Ranking of the most sustainable medium-sized companies in Germany 2023 

Industry and committee measures

  • Leading sustainability actions taken up by companies globally 2022 
  • Companies' awareness of their carbon footprint Germany 2023 
  • Evaluation of various sectors' efforts on climate change in Germany 2010-2022 

Sustainability in the B2B sector

  • Investment in sustainability in B2B companies in Germany in 2022
  • Sustainability measures in B2B companies in Germany in 2022 

Impact of digitalization on corporate sustainability

  • How much companies will spend on digitalization comparatively in Germany 2022/2023
  • Amount of potential CO2 emissions reduction with accelerated digitalization in German 
  • Obstacles to digital development of companies in Germany 2022 and 2023

Consumer perspective

  • Survey on the preference for fair trade products in Germany 2019-2023
  • Organic store customers on sustainability issues in Germany 2023 
  • Consumers buying less fashion to be sustainable in select European countries in 2023 

Government policy and economic impact

  • Fair trade product sales revenue in Germany 1993-2023 
  • Volume of sustainable investments in Germany 2012-2022, by investor type 

Sources

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