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Some exciting news from our partners in Germany, the Global Environmental, Social, and Governance (ESG) Monitor (GEM) think tank – the results of their Integrity Star Award have been announced.
This prestigious award aims to recognize companies that demonstrate exceptional transparency and quality in their ESG disclosures. The Integrity Star Award not only highlights best practices, but also serves as a catalyst for improving the overall standard of sustainability reporting across industries. It’s more than just a trophy; it represents a company’s commitment to honest and comprehensive ESG reporting.
The importance of the award cannot be overstated in today’s business environment. A significant 79% of investors consider how a company handles ESG risks and opportunities as crucial in their investment choices, with 76% using a company’s ESG risk and opportunity profile to filter out potential investments. Companies that excel in this area gain a clear competitive edge.Michael Diegelmann, Co-Founder of GEM, emphasized the significance of the award, stating, “The aim of the Integrity Star Award is to make best practice examples publicly visible and to provide comparative data and benchmarking opportunities and discuss them in webinars, because we want to learn together with the companies and offer them a valuable, data-based second opinion on their reporting.”
Out of the 194 analyzed companies, the top scorers for each category are as follows:
- DAX: Deutsche Telekom AG
- MDAX: Aroundtown SA
- SDAX: Adtran Inc
- GEM Selected: EDF SA
- GEM ALL: Deutsche Telekom AG
To read the full list of recipients, please visit here.
In 2021, Xenophon joined GEM’s founding partners—cometis AG and Kohorten, along with Currie Communications in Australia—in this effort to ensure that comprehensive ESG data is publicly provided for investors, customers, employees, and all stakeholders throughout a company’s value chain. Today, environmental, social, and governance (ESG) factors are not just components of a company; they actively shape them.
The Global ESG Monitor (GEM) is a German-based think tank committed to setting standards and identifying best practices in sustainability reporting. To achieve this, they have created a scientifically rigorous approach that evaluates the clarity and thoroughness of companies’ sustainability efforts, as presented in their official reports. Their mission is to assist companies in refining their reporting processes, thereby improving overall sustainability initiatives. The GEM equips business leaders to effectively address the risks, opportunities, and consequences of their decisions.
