ESG Archives - Economy and Finance Forum

7th MaRisk Amendment: Transforming Financial Risk Management

December 8, 2024December 8, 2024 - by Admin - Leave a Comment

The 7th amendment to Germany’s Minimum Requirements for Risk Management (MaRisk) represents a transformative shift in regulatory risk practices. This article examines the amendment’s key changes, focusing on the integration of ESG (Environmental, Social, Governance) risks, updated credit risk guidelines, real estate management, and enhanced model validation requirements. It also discusses the broader implications for financial institutions in adapting to these regulations and the challenges they face.

Banking / Economy

Sustainability Reporting (Nachhaltigkeitsberichterstattung)

October 7, 2024October 7, 2024 - by Admin - Leave a Comment

In recent years, the importance of sustainability has become a focal point in both corporate governance and public discourse. As environmental, social, and governance (ESG) factors increasingly influence stakeholders, businesses are under growing pressure to be transparent about their impact on society and the planet. One of the most prominent tools for this transparency is sustainability reporting.