BASF, Henkel, SAP and Co.: DAX corporations are calling for a discount in paperwork | EUROtoday

DGermany's largest corporations are demanding that politicians cut back paperwork. This is the results of a Dax survey by WELT AM SONNTAG on an important reforms for Germany as a enterprise location.

“The excessive bureaucracy is a danger to the location and overwhelms many companies. Nevertheless, the next regulatory wave is already rolling towards us with the introduction of the CSRD directive,” stated the top of Porsche SE, Hans Dieter Pötsch, who can be chairman of the supervisory board of Volkswagen. “Courageous de-bureaucratization would be a real economic stimulus program,” stated Pötsch. “The economy would be stimulated during recessionary times without the need for subsidies.”

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In addition to Volkswagen and the 2 Porsche corporations, BASF, Commerzbank, Continental, Covestro, Henkel, Heidelberg Materials, Siemens Energy and Vonovia, amongst others, spoke out in favor of a fast discount in paperwork. “The reduction in bureaucracy in Germany is not progressing nearly as quickly as in the USA, for example,” stated Heidelberg Materials.

“When it comes to the approval process, Germany still has some catching up to do compared to other countries,” stated Siemens Energy. The software program firm SAP referred to as for digitalization to be made an actual precedence once more. “This includes consistently expanding the digital infrastructure, transforming administration from analog to digital and significantly accelerating procedures.”