ESG is an abbreviation of the terms “Environmental”, “Social”, and “Governance”. Responsible and transparent action in these three areas is generally understood to form the basis for greater sustainability. Companies seeking to act sustainably should therefore set themselves clear goals in these areas, and develop an ESG strategy. Customers, employees, suppliers, banks, and other stakeholders are increasingly evaluating their business partners in terms of ESG activities. In addition, companies must be increasingly transparent regarding their activities in these areas. After all, the UN’s Sustainable Development Goals (SDGs) within the 2030 Agenda, as well as the EU’s Green Deal, oblige companies to help achieve these goals.