The pressure to prioritize Environmental, Social, and Governance (ESG) factors is rising for businesses. Adapting to new regulations like CSRD (Corporate Sustainability Reporting Directive) and reporting requirements can be challenging. So we dived deep into the latest trends, challenges, opportunities and best practices together with our strategic partners AWS and Mendix.
This insightful webinar explores how technology acts as a powerful accelerator in your ESG journey. In the session, we discussed the growing importance of ESG factors for businesses today. We explored the challenges companies face in adapting to new regulations and reporting requirements, and how technology can play a crucial role in achieving their ESG goals.
Core Insights you’ll get explained
Integrative Approach to ESG and Business Strategy:
Successful ESG integration requires that it be woven into the fabric of business strategy, with a clear governance structure promoting cross-functional collaboration and top-down support.
Technological Catalysts for Sustainability:
Digital technologies, such as cloud computing, AI, IoT, and digital twins, emerge as powerful tools in the ESG toolkit. AWS's work with a Coca-Cola distributor showcased how digital twins could drive significant energy and water savings, illustrating the tangible benefits of tech-driven sustainability efforts.
Overcoming Data Challenges:
The transition from manual, error-prone data management to sophisticated, automated systems is crucial. This shift ensures accuracy and efficiency in sustainability reporting, with AWS's advanced data lakes and analytics serving as prime examples of how to leverage technology for better carbon accounting and decision-making.
Strengthening Stakeholder Engagement:
Digital platforms are vital for enhancing transparency and accountability, essential for building trust among internal and external stakeholders. The use of blockchain in supply chain transparency, as discussed by N-iX, exemplifies how technology can secure the integrity of sustainability data.
Future Directions in Technology and Sustainability:
The integration of AI and IoT for monitoring and automatically adjusting resource use represents a forward-thinking approach to not only meet but anticipate regulatory requirements and sustainability standards.
Webinar speakers:
- Margaret O'Toole, Worldwide Tech Leader - Sustainability at AWS
- Menno Odijk, Field Chief Technology Officer at Mendix
- Valentyn Kropov, Chief Technology Officer at N-iX
- Alexander Kraemer, Sustainability Manager and the event moderator<
Setting New Standards in Sustainability and Efficiency
The combined insights from the webinar emphasize the critical importance of digital transformation in achieving ESG objectives. For businesses aiming to navigate the complexities of sustainability regulations and stakeholder demands, adopting innovative technology solutions is not merely beneficial—it's imperative. Embracing a future-oriented approach to technology and sustainability enables companies to not only comply with current regulations but also lead by example, setting new benchmarks for responsible and efficient operations in their industries.
Webinar
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Discover how technology can empower your business to navigate the evolving ESG landscape and achieve your sustainability goals.