Lower Saxony promotes Common Good Balance Sheets

Companies and municipalities in Lower Saxony can receive financial support for the preparation of Common Good Balance Sheet. The state of Lower Saxony provides funding for this, which is administered by the Investment and Development Bank of Lower Saxony (NBank). The aim of the program is to strengthen sustainable and responsible business practices and to support organizations in implementing the principles of the Economy for the Common Good.

The funding aims in particular at small and medium-sized enterprises (SMEs) and municipalities in Lower Saxony and intends to integrate social and ecological aspects more strongly into operational and municipal processes. The Common Good Balance Sheet offers a structured instrument for systematically recording and further developing values such as human dignity, solidarity, ecological sustainability, transparency, and co-determination. This provides companies and municipalities with a sound basis for transparently presenting their sustainable development and for planning and implementing targeted steps for operational or municipal transformation. In the long term, the funding helps to strengthen the future viability of organizations and make their social responsibility visible. At the same time, sustainable economic practices are promoted, and impetus is given to the responsible development of the economy and society. By providing the necessary funds for public interest reporting, Lower Saxony is sending a clear signal in favor of sustainable corporate management, social responsibility, and transparent economic structures.

In particular, funding is available for consulting services related to the preparation of Common Good Balance Sheet and the implementation of rebalancing measures. The subsidy covers up to 50 percent of eligible consulting costs and may not exceed €5,000 per organization. A special feature of the funding program is that applications are not submitted by companies or municipalities. Funding is applied by certified ECG consultants who accompany the entire accounting process. Projects can run for up to 18 months, starting at the beginning of June.

corsus has submitted an application to NBank to support the ECG balancing process of companies and municipalities. Dr. Anke Butscher, managing partner of corsus and certified ECG consultant, has been advising companies and municipalities for many years. Please contact us if you are interested in the funding program.