70 per cent of companies that value environment record new tech, outperform peers

70 per cent of technology leaders embracing environmental, social and governmental targets, as well as sustainable climate targets, have adopted new technologies in the last two years.

The Environmental, Social and Governance (ESG) leaders also outperformed companies lagging behind in environmental sustainability goals.

According to respondents, artificial intelligence (45 per cent) and advanced analytics (40 per cent) are critical to achieving climate-related goals. Environmentally conscious leaders also stated that they use data and insights to reduce waste and improve overall sustainability efforts (40 per cent vs. 30 per cent) as well as encourage partners to make progress toward environmental goals (55 per cent vs. 47 per cent).

ESG leaders also use data to influence their supply chain partners to make progress towards their ESG targets (68 per cent vs. 47 per cent).

50 per cent of respondents said that remote working has helped them to reduce their organization’s carbon reduction targets.

Technologies that ESG executives have identified as vital include automating processes to reduce resource-intensive activities (48 per cent), and AI and natural language processing to predict the impact of climate on their businesses (45 per cent).

Others include advanced analytics to recommend efficient use of resources and real-time performance analytics (40 per cent), cloud to transform processes and enable remote work (35 per cent), and IoT and smart devices for data gathering (20 per cent).

The sources for this piece include an article in TechRepublic.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

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