Council launches “German Sustainability Code” dialogue process
German Council for Sustainable Development presents draft Sustainability Code for the business community. Invitation to discussion.
Berlin (Germany), 29.11.2010 The German Council for Sustainable Development (RNE) will today be presenting its draft German Sustainability Code to the general public. The aim of the envisaged German Sustainability Code is to strengthen the green economy and provide the respective guidance. It would also be directed at all financial market players as well as all companies seeking to gear their activities to the principles of sustainability.
Following extensive groundwork at expert level, the German Council for Sustainable Development submitted a draft on such a code on 29.11.2010 and invites the general public and companies to engage in a dialogue on it. The first person to submit a comment to the Council on the draft was the Chief Executive Officer of Munich Re (Münchener Rückversicherungs-Gesellschaft), Dr. Nikolaus von Bomhard: “The latest developments on the financial markets have shown that nothing is more certain to lead to sustainable success than long-term thinking and action. This, to me, is the mainstay of corporate social responsibility. Being able to pool the necessary forces requires having a collective understanding of responsibility and thus intensive dialogue, both in companies and in society. For this reason, I welcome the Council’s initiative to launch a debate on responsible economic activity.”
Hans-Peter Repnik, Chairman of the German Council for Sustainable Development, had previously announced this initiative in the German Parliament and to the business community. Marlehn Thieme, as Deputy Chairwoman of the Council, and Secretary General Günther Bachmann both supervised the extensive groundwork in which investors, analysts, corporate representatives, scientists and corporate governance experts were involved. The code provides for 22 cornerstones on environmental, social and corporate governance issues that should make it easier to evaluate corporate sustainability management in the future.
The German Council for Sustainable Development asks all interested parties to e-mail in their comments, suggestions and concerns on the draft code by 14.02.2011 (dialog-dnk@). Every contribution will be posted on the Council’s website. After 14 February, the Council will publicly discuss the findings. nachhaltigkeitsrat.de
Download this press release as a pdf file (PDF, 15KB)