integrated technology solutions

Integrated technological solutions

Nowadays, it is widely known that companies need to adopt sustainable practices, and technology plays a fundamental role in this task. According to a survey conducted by Accenture for the study “Uniting Technology and Sustainability: How to Get Full Value From Your Sustainable Technology Strategy,” 560 participating companies highlighted the importance of technology in achieving their sustainability goals.

The survey was conducted in September and October 2021, using an online approach, and the sample included CIOs, CTOs, sustainability directors, and their direct superiors (directors and vice presidents) from companies with revenues exceeding one billion dollars. The study covered 12 countries and 11 different industries.

As companies set increasingly ambitious goals regarding environmental, social and governance (ESG) aspects, it’s crucial that their sustainability and technology strategies are aligned. This ensures a competitive advantage, financial value and a lasting positive impact on society and the environment.

“Companies need to be sustainable, and technology is a key part of that equation. Putting sustainability at the center of a company’s operations is no longer optional,” explains Sanjay Podder, leader of technology innovation and sustainability at Accenture.

According to Accenture’s study, technological support is helping 53% of respondents achieve their ESG goals. However, only 7% of respondents have fully integrated business, technology and sustainability strategies. This highlights a gap between intention and action in implementing environmental preservation and corporate social responsibility practices.

Various studies indicate that the carbon footprint of information technology (IT) increases as more people connect and technology is used more. Therefore, companies must prioritize the adoption of eco-friendly software that is efficient and takes into account carbon emissions. Additionally, it is essential to build reliable systems that incorporate aspects such as privacy, fairness, transparency, robustness and accessibility. Adequate governance mechanisms should also be adopted.

“Every company has an impact on the planet that needs to be reduced because, even though the legal purpose of corporations is to make profits, those profits can be achieved in a way that benefits everyone.“

The team at Loyal Solutions understands that any business transformation takes time to implement. However, when it comes to caring for our planet and all the humans who inhabit it, it is urgent that technology joins companies in this mission.

How can Loyal Solutions help you establish an ESG management system?

To understand, measure and demonstrate how organizations work towards their ESG goals, common tools and methodologies are used, such as:

  • Commitment to stakeholders
  • Materiality study and alignment with the UN Global Compact’s Sustainable Development Goals (SDGs)
  • Social and environmental certifications: Obtaining recognized certifications such as B Corp, ISO 14001, ISO 45001, among others, which demonstrate the organization’s commitment to social and environmental responsibility.
  • Compliance statements for specific client protocols and recognized global platforms.
  • Independent verification of sustainability reports based on the GRI Standard, among other initiatives.

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