Facts about Germany 2015 2015 - Page 72

70 | 71 BUSINESS & INNOVATION TOPIC SUSTAINABLE ECONOMY Germany is one of the world’s most sustain- as part of conducting sustainable business. able industrialised nations. This is the conclu- Corporate social responsibility (CSR) pri- sion reached by an international comparative marily hinges on each company’s core busi- study of the 34 OECD member states con- ness, which by dint of globalisation impacts ducted by the Bertelsmann Foundation in on economic, social and environmental 2015. Against the backdrop of the United conditions. Most DAX-listed companies Nations’ 17 Sustainable Development Goals, such as BASF, Daimler, and Deutsche Bank, the countries were systematically analysed as well as many SMEs, institutes and non-gov- for the first time on the basis of 34 indicators ernmental organisations in Germany are ranging from environmental protection members of the United Nations’ Global and growth to the quality of the welfare sys- Compact Initiative, founded in 1999. The tems. Germany was in sixth place, doing latter, together with the OECD Guidelines well in particular with regard to growth, for Multinational Enterprises and the Inter- employment and social security. national Labour Organisation’s Tripartite Declaration of Principles concerning Multi- A growing number of companies in Ger- national Enterprises and Social Policy, form many are making a commitment to society the bedrock of principles on which companies base their CSR efforts. Worldwide, over 8,000 companies and 4,000 organisa- LIST tions are members of the voluntary Global Compact Initiative. ∙ Largest company: Volkswagen, 592,586 employees At the European level, Germany in particular supports the EU’s far-reaching CSR initia- ∙ Biggest bank: Deutsche Bank, 98,138 employees ∙ Most important stock market index: Deutscher Aktienindex (DAX) tive. The strategy is updated regularly and from 2016 envisages the introduction of obligatory reporting on CSR measures for certain companies. During Germany’s presidency of the G7 in 2015, the Federal Govern- ∙ Largest trade fair grounds: Hanover ∙ Biggest aircraft manufacturer: Airbus, Hamburg ment put CSR topics such as labour, welfare and environmental standards on the agenda. The fact that social and ecological responsibility go hand in hand also becomes evident