Obviously, the regulatory burden continued to be clearly felt in 2023. Our public affairs unit has to deal with more than 200 regulatory initiatives at national and European level, which impact our business in various ways. As a retail and tourism group, we are naturally affected by a wide range of issues. I am not talking about bashing regulation in general; a strong regulatory framework and the much quoted “level playing field” are undoubtedly necessary. Nevertheless, the scale of the impact on our business sometimes surprises us, and greater proportionality in this respect would be desirable. The burden is clearly felt by all our professional colleagues responsible for implementing current regulations, and there is no end in sight to the increasing regulatory requirements.
The reason why my overall assessment of 2023 is still positive is because we have taken the initiative to set up the Competence Center Agriculture, with the aim of involving our company more closely in the crucial issue of the future of agriculture. By working together with experts from production, commerce, science, and trade, we aim to actively shape and complement our commitment at both political and cross-industry level with what is feasible for our Group.