We are constantly asked about how Technology can be used to communicate such a technical topic like ESG. Below are some of the ways we recommend you explore.
Data Visualization and Interactive: Dashboards Transform intricate ESG data into engaging, easy-to-understand visual formats. Example: Bloomberg's ESG Data Dashboard Bloomberg's interactive ESG data dashboard empowers investors to delve into and scrutinize companies' ESG performance across various metrics. Users can craft custom visualizations and conduct side-by-side company comparisons.
Artificial Intelligence and Machine Learning: AI can tailor ESG communications and offer predictive insights. Example: IBM's Watson for ESG IBM's Watson AI platform sifts through vast amounts of unstructured data to uncover insights on ESG risks and opportunities, enabling companies to customize their ESG messaging based on stakeholder interests and market trends.
Blockchain for Transparency and Traceability: Blockchain technology bolsters the credibility of ESG claims with transparent, immutable records. Example: Provenance's Blockchain Platform Provenance leverages blockchain to track and verify sustainability claims across supply chains, allowing companies to provide transparent, traceable information about their products' ESG attributes.
Case Study: Everledger's Diamond Tracking Everledger uses blockchain to trace diamonds from mine to consumer, ensuring ethical sourcing and reducing fraud. This technology enables jewelry companies to communicate their commitment to responsible sourcing with verifiable data.
Mobile Apps for Stakeholder Engagement: Mobile applications such as Furthr offer stakeholders easy access to ESG information and engagement opportunities. Example: Sustainalytics' ESG Risk Ratings App provides a mobile app that grants investors easy access to ESG risk ratings and analysis for thousands of companies.
Case Study: Too Good To Go App connects consumers with restaurants and stores to reduce food waste, exemplifying how technology can drive ESG initiatives (reducing food waste) while communicating impact through user engagement.
Internet of Things (IoT) for Real-Time Reporting: IoT devices collect and communicate real-time ESG data, enhancing transparency and engagement. Example: Smart Building Management Systems Companies use IoT-enabled building management systems to monitor and optimize energy usage, providing real-time data for ESG reporting.