Integrating IoT to attain ESG goals

Lately, we are often driven by technology towards sustainability in all walks of life. Digitalization is a quintessential area of our life and it is certainly an important factor that derives the socio-economic effects in the society.

Governments, profit & non-profit organizations are leading efforts to create the education and adoption of ESG frameworks right from schools that would invariably drive the next generation of citizens to live within the frameworks.

I honestly feel that there are 3 major areas to stitch and integrate IoT with ESG goals,

Strategic alignment: Organizations should align their digitalization quests that contributes to ESG attainment.

Stakeholder engagement: Better engagement with all stakeholders would help better decision making from analytics.

Continuous improvement: For a safer and sustainable living the goals and targets must be continuously reviewed and improved.

Now let us dive down on how IoT can help us to attain our ESG goals in specific areas,

Environmental benefits

There are many ways to achieve this through IoT especially in the areas of,

·        Waste Management

·        Monitoring the impact on environment

·        Energy efficiency

Social benefits

Socio-economic benefits can also be achieved through balanced approach with IoT such as,

·        Smart education & training

·        Smart communities

·        Health & safety monitoring

Governance benefits

Governance is the most important factor for any change to be implemented on the way it is carried out, IoT can really drive up the transparency through the chain that can be effectively monitored.

·        Compliancy with transparency

·        Risk management

·        Data security and privacy

Long story short, IoT offers a wide range of tools and capabilities that can significantly contribute to the attainment of ESG goals, driving sustainability, social responsibility, and ethical governance. However one must be careful on this quest as the journey is long but rewarding 😊.