Data Can Be an Effective Driver of Corporate Sustainability Efforts
Corporate sustainability has become a priority for company leaders, from reducing their carbon footprint to designing more environmentally friendly workplaces. Fast Company reports that “Consumers, regulators, and industry leaders alike are pressing for a deeper commitment to environmental responsibility, and many companies are responding with environmental, social, and governance (ESG) initiatives. These efforts often involve shifting to biodegradable materials, alternative fuels, and other well-intentioned strategies to reduce environmental impact.”
Data-driven tools are proving effective in helping companies make more accurate and smarter decisions to meet their sustainability goals. The good news is that doing so does not require a huge overhaul of ESG efforts; rather, “it’s the incremental improvements in areas like production efficiency and resource management that produce significant long-term benefits.”
Data can help companies:
· Identify patterns of hidden efficiencies
· Identify opportunities for small and large changes that will help corporations meet small and large ESG goals
· Help determine strategies to combat newly identified inefficiencies
It is important to remember that even small progress can have a big impact, and evolving sustainability efforts, one step at a time, should be considered a win.