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Digital advisory & IT consulting
Mastering digitalisation together
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Operational Advisory
Solidifying and supporting transformation
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Deal Advisory
We’ll advise you on national and international transactions
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Valuation & economic and dispute advisory
We’ll value your business fairly and realistically
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Debt advisory & treasury services
Funding and treasury consulting to the client’s advantage
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Tax for businesses
Because your business – national or international – deserves better tax advice.
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Tax for financial institutions
Financial services tax – for banks, asset managers and insurance companies
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Global mobility services
Avoid double taxation – and minimise costs
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Employment law
Representation for businesses
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Commercial & distribution
Making purchasing and distribution legally water-tight.
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Inheritance and succession
Don’t leave the future to chance.
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Financial Services | Legal
Your Growth, Our Commitment.
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Business legal
Doing business successfully by optimally structuring companies
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Real estate law
We cover everything on the real estate sector, the hotel industry, and the law governing construction and architects, condominium ownership, and letting and renting.
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IT, IP and data protection
IT security and digital innovations
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Mergers & acquisitions (M&A)
Your one-stop service provider focusing on M&A transactions
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Sustainability strategy
Laying the cornerstone for sustainability.
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Sustainability management
Managing the change to sustainability.
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Legal aspects of sustainability
Legal aspects of sustainability
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Sustainability reporting
Communicating sustainability performance and ensuring compliance.
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Sustainable finance
Integrating sustainability into investment decisions.
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Grant Thornton B2B ESG-Study
Grant Thornton B2B ESG-Study
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International business
Our country expertise
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Entering the German market
Your reliable partners.
Why mid-market companies should now be thinking about getting advice on sustainability
The Corporate Sustainability Reporting Directive (CSRD) requires mid-market companies to report on sustainability and have sustainability reports audited. Mid-market companies therefore face major challenges. Sustainability is a job for management! We offer ESG advice and let you know what you should be doing now. With our sustainability consulting, we’ll help you master the regulatory tasks that your company is now facing.
As an audit firm, offering audit services is in our DNA. This also applies to ESG. As auditors, we offer to audit ESG requirements for you (in accordance with the CSRD). Any questions?
How sustainably are German mid-market companies already working? How about you?
Mid-market companies are no exception to reporting and auditing obligations on sustainability. The basis for this is the EU directive on sustainability reporting, the Corporate Sustainability Reporting Directive (CSRD).
We offer sustainability reporting, ESG auditing and sustainability consulting tailored to suit the needs of the German mid-market. That’s how we help you master the requirements that companies are now facing.
As the basis for this, Our Grant Thornton experts developed the ESG Mid-market 2024 Pulse Check. The main results of the study:
- 38 percent of companies asked have not yet considered the ESG regulations in detail.
- There is a discrepancy between ESG readiness and actual implementation status.
- ESG/sustainability management can become a cost trap because 50 percent of respondents didn’t have any ESG accounting.
- The top 3 drivers of implementation for ESG management, besides regulations, are reputation, customers and suppliers.
The presentation of the results gives you insights into the latest findings of a survey of more than 500 representatives of mid-market companies in Germany from various sectors. Among other things, it covers the drivers for implementing sustainability reporting, the challenges of and opinions on sustainability reporting, and provides insights into the state of implementation of sustainability management systems and ESG reporting. The study was published in German.
Do you need assistance with setting up your ESG reporting? Contact us at any time
In our study, you’ll find recommendations for action on how mid-market companies in particular can implement their sustainability reporting. ESG topics should already be included in the business strategy of mid-market companies.
Currently, far more than half of mid-market companies and SMEs have not drawn up a non-financial declaration or other sustainability report.
Talk to us if you need help with drawing up and implementing your ESG strategy. We offer ESG consulting and will help you with all the challenges you now have to master.
ESG auditing, sustainability consulting and ESG consulting
What we offer you:
- Auditing of sustainability reports and individual KPIs
- Assistance with compiling sustainability reports, introducing a sustainability strategy, conducting a materiality assessment or development of non-financial KPIs
- Assistance with implementing ESG reporting processes, including CSRD and the EU Taxonomy Regulation.
- Analysis and implementation of reliable ESG management
- Tested sustainability reporting according to your business partners’ requirements
- ESG auditing by German Public Auditors
- Audits and expert opinions on potential investment decisions concerning sustainability.
Interested in sustainability consulting and ESG advisory?
What does ESG mean to mid-market companies?
The challenges arising from the need to transform due to ESG are fundamental to the German mid-market. We see five major points:
- Lack of resources
Proper ESG reporting requires ESG data that can be evaluated. Large swaths of the mid-market does not yet have sufficient resources. - ESG factors
The ESG factors, i.e. environmental, social and governance factors, for reliable ESG reporting are complex. Recording them requires all-round understanding and experience. - Data and data quality
We are currently still observing a lack of high-quality data to establish excellent ESG reporting. - Requirements of investors, customers and staff
The pressure in the area of ESG is currently growing on the mid-market from all stakeholders. They all want transparent reporting that allows them to quickly estimate the company’s efforts in sustainability. - Regulation and compliance
ESG requirements offer more potential for the compliance of mid-market companies to be jeopardised.
FAQs
The term “sustainability” is wide-reaching and refers to the environmental, social and governance (= ESG) aspects of a company. It can also apply equally to the internal and external effects of company policy and strategy.
Today, ESG advice and sustainability consulting is a must. Legal conditions have to be complied with to prevent image and reputational damage. The subject is complex and often not easy for mid-market companies to implement. That’s why it makes sense to have ESG advisers at your side who are familiar with all the details – not least to be able to prevent liability risks.
An all-inclusive sustainability approach not only prevents negative consequences but also creates positive ones – a sustainable business strategy ensures compliance, long-term retention of staff and customers and a positive image.
Our ESG advisory and sustainability consulting experts will work with you to develop the right strategy for you and your company to master the social and environmental effects of the sustainability requirements.
Our survey from 2023 showed that 70 percent of the questioned mid-market companies and 90 percent of SMEs had not yet drawn up a non-financial statement or sustainability report. There is still the need to act because legal provisions like the Supply Chain Act (LkSG), compliance regulations and the new CSRD are compelling companies to act.