Sustainability is playing an increasingly central role in the global economic system. Companies must adapt their structures and processes to new requirements in order to remain future-proof. Sustainability is also firmly anchored in KION's strategy. Numerous areas of the company, from strategy to production, financing, risk management and control systems, governance and reporting, all have an influence on the sustainability transformation.
The sustainability transformation entails significant changes, particularly in the area of finance. It is not only internal adjustments such as the expansion of the business model or more energy efficient products that influence the financial structure of companies. External factors such as regulations or competition among "more sustainable" products also have a financial impact.
In the anthology "Sustainability and transformation in the company: Legal and Strategic Guide for the Supervisory Board, Executive Board and Management", KION Chief Financial Officer Christian Harm and Johannes Borsche, Senior Vice President Corporate Finance, explain how KION aims to support this transformation in the company by incorporating relevant aspects into its financing strategy. In their article, they explain that positioning on sustainability is also becoming increasingly important for investors. A successful and efficient transformation process contributes to a better competitive positioning, more favorable and broader access to financing and to the preferential recruitment of skilled workers.
"We would also like to point out the complexity and variety of KPIs and ESG rating companies. There is still no uniformity in the assessment methods and the regulatory environment also needs more clarity and transparency," says Johannes Borsche. "For companies, this field represents a great opportunity for differentiation, but it also entails a great deal of complexity and effort."
Click here for the anthology.
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