Dark
Light
Today: June 21, 2024
February 29, 2024
1 min read

Build ESG into digital for maximum impact.

TLDR:

Organizations undergoing digital transformations must integrate ESG (Environmental, Social, and Governance) objectives into their strategies to meet sustainability goals. While consumers prioritize sustainability, only 16% of organizations have incorporated sustainability into their digital transformation plans. Integrating sustainability into digital strategies can lead to competitive advantages, reputation improvement, and contribute to a net-zero economy.

Article Summary

As organizations increasingly undergo digital transformations, it is essential for them to incorporate ESG (Environmental, Social, and Governance) objectives into their strategies to meet sustainability goals. Consumers, employees, shareholders, governments, and regulators are holding companies more accountable for their sustainability efforts. However, a report by Kyndryl and Microsoft revealed that only 16% of organizations have integrated sustainability into their digital transformation strategies, despite both sustainability and digital transformation being top priorities for businesses.

Kevin Macnish, Head of Ethics and Sustainability Consulting at Sopra Steria, emphasizes the importance of considering the environmental impact of technologies implemented during digital transformations. By using frameworks such as the Task Force for Climate-Related Financial Disclosures reporting standards, organizations can be transparent about their environmental performance. Mattie Yeta, Chief Sustainability Officer at CGI UK, highlights the significance of aligning sustainability initiatives with digital transformation strategies to achieve higher efficiencies and cost-effective results.

Technological innovations, such as precision liquid cooling in data centers, are playing a crucial role in enhancing sustainability. David Craig, CEO at Iceotope, emphasizes the need for bold technological solutions to address the challenges posed by climate change. While there is no one-size-fits-all solution to the climate emergency, technologies like digital twins are already contributing to reducing emissions and supporting sustainability goals.

Balancing economic growth and environmental responsibility is key for businesses, as sustainability can lead to better financial performance in the long term. Companies that prioritize sustainability can adapt to market changes, attract top talent, and manage risks effectively. Building a collaborative approach when defining sustainability goals can help businesses achieve a balance between profitability and environmental responsibility.

Previous Story

Toshiba and Bekaert partner to advance green hydrogen production technology.

Next Story

Tech job cuts in SF remain high

Latest from Blog

Portugal: At the Forefront of Submarine Cable Innovation

TLDR: Portugal is at the forefront of submarine cable technology, showcasing innovation in global connectivity. The 2Africa and Google’s Nuvem submarine cable systems are set to revolutionize Portugal’s digital infrastructure. In an
Go toTop