How Digital Transformation is Supporting the ESG Goals- The 5th Digital Transformation Conference

Digital Transformation is the act of implementing or optimizing technology within a business’ operations to increase efficiency, automate processes, and deliver actionable insights.

ESG is the acronym for Environmental issues, Social issues, and Governance issues. Organizations can implement policies, procedures, and targets to reduce the negative impact or increase the positive impact on each of these important areas.

The emergence of digital transformation and digital technologies has opened up new opportunities for achieving optimal operational efficiency and meeting ESG guidelines. Organizations now have the opportunity to leverage these advancements to reduce harmful activities and achieve their decarbonization goals.

One Example is Data-driven sustainability where one of the main benefits of digital transformation is the ability to collect and analyze vast amounts of data in real-time. This data can be used to optimize operations, reduce waste, and identify areas where the organizations can be more sustainable.

Another example is where IoT sensors can be used to monitor energy usage in buildings, factories, and warehouses. This data can be analyzed to identify areas of waste and inefficiency, allowing the company to take corrective action to reduce energy consumption and costs.
Additionally the "New IT", which includes innovations such as edge computing, can make ESG more effective and efficient, while ESG goals can be embedded in New IT now as it develops.

The above examples showed that Digital transformation and ESG are two prominent and high-priority topics in the business community globally. The first focuses on applying technology throughout the value chain to produce faster, smarter, and more desirable business outcomes. The latter emphasizes the broader value a business is expected to create for its stakeholders from an environmental, social and governance perspective. These two goals can – and should – go hand-in-hand in today’s stakeholder economy.