»The Economy for the Common Good is an important element of sustainability reporting for VAUDE. We are creating even more transparency, and engaging in critical dialogue with the public and the common good network«
Antje von Dewitz (VAUDE CEO)
The balance sheet is initially created as a self-assessment in a detailed ECG report. Then this information is examined and evaluated by an external ECG auditor. Using a point system, the company’s self-assessment and the external ECG auditor’s assessment are directly compared. The results are published in an audit report. In a related audit certificate, total assets are published. As a result, the company’s contribution to the common good is directly comparable.
Video-Statement by Antje von Dewitz (VAUDE CEO) concerning the Economy of the Common Good
VAUDE achieved a balance sheet total of 502 points on a scale from -2850 to +1000. VAUDE was particularly exemplary in the areas of "Ecological Design of Products" and "Reducing Environmental Impact". Also, VAUDE’s positive influence on "Increasing Social and Environmental Industry Standards" throughout the outdoor industry was highlighted. Another positive appraisal was that VAUDE has taken first steps in the ECG aspect "Social Design of Products", such as its cooperation with FairWertung to give used products a second life.
»The ECG balance cannot measure a company’s contribution to the common good down to the millimeter, but serves as a reliable ethical compass pointing the direction in which companies should develop. With over 500 points, VAUDE is far advanced along this path, and in some areas is even an exemplary role model.«
Starting December 31, 2016 Germany, the EU Directive on the Disclosure of Non-financial and Diversity-related Information will be in effect. Together with other ECG companies, VAUDE supports the recognicion of the ECG balance as one of the legally binding standards for the implementation of the EU CSR Directive 2014/95 CSR in Germany.