ESG Should Be Supported By IT

Co-founder and CEO of the TenderHut Technological Capital Group. Entrepreneur and investor. More than 20 years of experience in IT sector.

Europe is taking another step toward transparency and corporate sustainability. The Corporate Sustainability Reporting Directive (CSRD) has, as of 2026, made ESG reporting mandatory for all companies listed on European exchanges. Some companies will have to file ESG reports next year. These new regulations will make organizational leaders more aware of how their businesses impact day-to-day life. They will also help investors assess whether a company is actively trying to reach its sustainability objectives. But—as the head of a publicly-traded IT company—I know that many companies may not be up to the challenge. Especially without systemic support.

Environmental, Social and Corporate Governance (ESG) is a form of reporting. It requires data and calculations that show real change over time. Each ESG indicator is derived from the current needs of society—on a local and global level. Social and Corporate Governance regularly define the policies of nearly every organization. Environmental issues often involve a number of different factors—some of which are beyond our control.

Article continues here…

This article was originally published on Forbes on March 24, 2023.  Link to the original article is here: https://www.forbes.com/sites/forbestechcouncil/2023/03/24/esg-should-be-supported-by-it/?sh=15605a514966