How tech can help achieve corporate sustainability

Transformative times

As a society we are increasingly aware of pressing environmental concerns. Reaching historic temperatures this year has certainly amped up conversations around the climate crisis. The science says our planet is on a precipice. As such, world governments and corporations are boldly committing to major reductions in their carbon footprint, and overall environmental impact. Many promise to reach net zero by 2050.

Some argue that these ambitious targets are not necessarily a result of ‘cognitive shift’. The fast-evolving sustainability (and broader ESG) landscape has unfortunately provided loopholes for some companies to make unsubstantiated claims about their green credentials.

The environment is just one third of the ESG puzzle, and a part of the move toward a sustainability ‘gold standard’. As outlined in a recent blog, the ‘S’ factor poses a unique set of challenges. Socially strong companies are considered reliable investments, but this is perceived as difficult to measure and manage. 

Promisingly, it’s widely acknowledged that sustainability boosts profitability. Improved processes and efficiency, as well as good reputation and future-proofing are all seen as benefits at the heart of green transformation. 

So why the delay? New research by Oxford Economics and SAP points to a disconnect between sustainability plans and actions at most companies. Issues cited include lack of a comprehensive plan, poor communication and insufficient data management and analysis skills for driving decision making as key reasons for the gap between ambition and results.

The role of tech

There is no doubt that technology can advance sustainable practice. Leveraging cloud based services is enabling companies to measure impact, implement responsible strategies and discover untapped potential. Tech is enabling the synchronisation and optimisation required to break down data silos and to streamline workflows. The result is increased transparency within organisations as leaders seek to better understand diverse social and environmental risks.

Bloomberg reports that Global ESG assets are on track to exceed $53 trillion by 2025, representing more than a third of the $140.5 trillion in projected total assets under management. As such, the focus will continue on the advancement of digital infrastructure and related SaaS/DaaS capabilities.

The solution

At SI Engage we are constantly working to optimise the engagement process. We developed the system to connect asset managers with stewardship teams (and beyond), so as to facilitate the vital conversations needed for change.

And unity in teams means unity in data. Numerous data integrations enable easy access to ESG ratings, trends and analytics. It’s simple to generate stakeholder reports in seconds. 

Our system is ready out of the box, but we work closely with our clients to understand challenges as they arise and continually develop new features to resolve these.

We understand the landscape is complex and ever-changing. SI Engage joins the dots in corporate sustainability and ESG. If you’re looking to demonstrate stewardship and create real value and impact, get in touch.

Image credit to Vecteezy.com.

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