In the section „Development ESG“ of the whitepaper we will show that scientific publications on the topic of sustainability exist that are already hundreds of years old. In the course of the “Introduction ESG” the Paris climate treaty and the recommendations of the TCFD are dealt with extensively. Subsequently, we deal with the current state of legal requirements on a national and European level.

As an introduction, we will look at the explanations as well as the goals of the leaflet, in order to derive concrete recommendations for actions for the business centers compliance, risk management and report system in the course. Within risk management, we put special emphasis on the stress tests and scenario analyses.

At the end of the Whitepaper, we give an outlook. From the viewpoint of the financial sector, it is indispensable that it takes part in the dialog with the BaFin in the future to discuss how to deal with risks of sustainability intensively and actively.