DIGITAL TRANSFORMATION is becoming increasingly critical for every company looking to align its business model with ESG principles .
He explains that to set measurable ESG goals , make positive progress and foster innovation in sustainable products and services , organisations need a complete and accurate picture of their ESG status and the underlying data .
“ Without this , they can ’ t make intelligent , data-driven decisions . Nor can they build a business model that aligns with ESG principles .”
Digital technologies that get the data work behind ESG right ensure businesses serve the common good as well as their own bottom line . “ For example , in the energy-hungry steel industry , Internet of Things ( IoT ) devices can collect
69 %
of businesses recognise the importance of understanding the risks associated with AI
real-time data on energy consumption and production processes , providing business leaders with insights that can be used to control and optimise energy use . While digital twins can be used to stimulate and optimise energy usage , reducing the need for physical testing and improving energy-intensive
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