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The Management of an ESG Strategy

In: ESG: Sustainability as a Strategic Success Factor

Author

Listed:
  • Klaus Rainer Kirchhoff

    (Kirchhoff Consult AG)

  • Sönke Niefünd

    (Merck Finck a Quintet Private Bank)

  • Julian von Pressentin

Abstract

This chapter focuses on the management of an ESG strategy in various types of companies: GmbHs, publicly traded companies, and family businesses. It emphasizes the need for an ESG management system that includes processes and procedures for setting goals and metrics, monitoring progress and setbacks, reporting, and engaging stakeholders. It addresses the specific challenges and opportunities that arise in the different types of companies. It emphasizes that the specific needs of the company, the industry, and regulatory requirements continuously influence the design and implementation of the ESG management system. Therefore, it is important to continually align the structure with the particular circumstances of the company while following best practices in ESG management.

Suggested Citation

  • Klaus Rainer Kirchhoff & Sönke Niefünd & Julian von Pressentin, 2024. "The Management of an ESG Strategy," Springer Books, in: ESG: Sustainability as a Strategic Success Factor, chapter 0, pages 75-82, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-45831-7_7
    DOI: 10.1007/978-3-658-45831-7_7
    as

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