The German Corporate Governance Code tells the boards of listed companies to ensure the continued existence of the company and its sustainable creation of value. They must take into account the interests of shareholders, employees and the other groups connected with the company, the stakeholders.
The 2022 version states: “Sozial- und Umweltfaktoren beeinflussen den Unternehmenserfolg.” Social and environmental factors affect the success of the company. The code recommends that corporate strategy also give appropriate weight to ecological and social goals.