The atmosphere is in constant change; the UN expects that climate change-related disruption to the earth will be irreversible in just over a decade. Social problems are also threatening to split populations and nations, and the COVID-19 pandemic is putting the world’s health in jeopardy. The need for people to band together and work as a team was never needed more than now.
Consumers “vote” with their dollars to support issues they care for. They can make a big difference by buying goods and services from companies committed to environmental and social sustainability.
With such ESG-centric consumer views, corporations have shifted their focus to more sustainable growth, and they are using certain technology for that. Lets see the top 3 among the category.
Investors today see which values are most important to the companies they are interested in and how well they can adjust the parameters to give different weights to different industries. To have that kind of information open to the public often puts pressure on businesses that aren’t following ESG principles to do so or face capital issues.
Companies may use today’s data resources to make forecasts and assess how well they adhere to ESG principles such as internalized governance. In such a case, software like Diligent has several resources that can help businesses develop in this zone.
Businesses may use Diligent Compliance to monitor and enhance their progress against ESG targets by comparing their results to a broad selection of criteria. Internal auditing, risk assessment, and improvement preparation are also included.
The business, which has gained $57 million in two different sessions, has developed a system for utilities that crunches data from electrical meters. Companies are using it to contribute to a sustainable environment since the software can document power use, reliability issues, patterns, interruptions, and billing services, among other things.
It even has an in-home heating app, but that’s not the only surprising thing. The value of eMeter comes from the way it manipulates data for utilities. It also has the potential to pave the way for competitive payment models.
3. Sustainable Spaces
Sustainable Spaces is a software company, and its income is currently derived from energy management retrofits. Still, the company’s core is a dynamic application that enables contractors to assess the best repairs for any given structure.
It’s an expert framework for field decision support. For the companies that have endless tech meetings, Sustainable Spaces is a way to go. The software team has recruited many of the company’s staff from Google.
As the world goes into the depths of climate change, it is a corporation’s responsibility to produce environment-friendly products to attract more customers and investments.