Module 6: ESG in Succession Planning

Summary

This module delves into the integration of Environmental, Social, and Governance (ESG) principles into succession planning for SMEs, with the aim to guide successors in understanding the importance of ESG, not just in terms of compliance, but as a strategic advantage in enhancing business value and sustainability. You will learn to raise awareness about ESG, identify ESG commitments within your company and understand the broader implications of ESG in business operations and succession planning. This knowledge is crucial for ensuring the long-term success and resilience of your business.

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Additional Resources

Developing an ESG Rating Model for European SMEs

ESG assessments help companies manage risks and identify growth opportunities, especially as new regulations like Sustainable Finance Disclosure Regulation (SFRD) and Corporate Sustainability Reporting Directive (CSRD) come into effect. In the context of SMEs, the study identifies ESG leaders and laggards, analyses sector-specific effects, and explores the benefits of voluntary sustainability disclosure.

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Sustainability Approaches Adopted by SMEs in Germany

This study explores environmental sustainability strategies implemented by German SMEs, through a qualitative analysis of sustainability reports.

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Insights from Multiple Case Studies on Sustainability Practices and Performance in SMEs across Europe

This paper discusses findings from multiple case studies across Denmark, Austria, Greece, and the UK, highlighting varying levels of sustainability adoption and identifies key drivers and barriers for the same.

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Module 5: Financial Considerations of Succession

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