The risk landscape in which companies operate today is changing at a rapid pace. The Global Risks Report 2026 by the World Economic Forum clearly shows that global risks are increasing, becoming more dynamic, and more closely interconnected. Depending on the time horizon, there are significant differences in the risks expected to materialize. While geopolitical, […]
Starting in 2026, savings banks and other regional financial institutions will be required to submit an ESG risk plan for the first time. This requirement is a central component of the new expectations set out in the EBA Guidelines on the management of ESG risks, the Capital Requirements Directive VI (CRD VI), and the planned
Ever more companies are committed to sustainability and are pursuing ambitious sustainability goals. Many even have a sustainability strategy. There is, however, often a clear gap between ambitious goals and their implementation. That is, because in addition to a good sustainability strategy, sustainable corporate management is also required to successfully implement the strategy. That sounds
The Russian war against Ukraine has added another global crisis. It hits the world at a time, when it is still struggling with the effects of the corona pandemic and bracing itself for the growing climate crisis. The Ukrainian people pay the highest price for the Russian aggression in terms of lost lives, injured and
Every company needs an up-to-date business plan. Although this is most obvious for start-ups, it applies to established firms, too. A business plan keeps everyone on track in implementing the company’s strategy and reaching its business goals. There is plenty of information available via books and seminars on how to write a good business plan.
After 12 games of the world chess championship between Magnus Carlsen and Sergey Karjakin the score was 6-6, and a tiebreak became necessary to get a decision in the match. The tiebreak on Wednesday, 30 November, consisted of four rapid games with 25 minutes plus 10 seconds increment per move for each player. With such
Game 10 of the world chess championship match between Magnus Carlsen and Sergey Karjakin was a tragicomedy of errors. In a slightly better position, Carlsen gave up his advantage through an inaccurate exchange of bishops in move 19. After that, Karjakin missed two opportunities for immediately forcing a draw. In view of his one-point lead
On Monday, 21 November, the world chess championship match between titleholder Magnus Carlsen and his challenger Sergey Karjakin saw the first decided game after seven draws. Game 8 took a dramatic course and ended in a win for Karjakin with the black pieces after 52 moves. The game perfectly illustrates the fourth success principle from
