ESG means different things for many people and in general ESG stands for Environmental, Social, and Governance. ESG indicators aim to measure companies’ performance against environmental, social and governance risks and performance. It is a quantitative way of measuring a company’s performance on these three pillars. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.
ESG & Digital responsibility
Over the past 20 years a significant proportion of businesses have reported environmental, social and governance (ESG) issues and risks as part of their regular reporting practice. This trend has been driven by public opinion, growing stakeholder demands, environmental challenges and regulatory requirements. In the very near future some form of external reporting on the cyber resilience of businesses will be required. It is necessary to find the right balance to protect the company that reveals through exposure its vulnerabilities to adverse factors.
Sustainability & Cybersecurity
Both sustainability and cybersecurity are broad concepts that are constantly relevant and vital to the competitiveness of businesses and economies. Trust in ICT is vital to achieving the United Nations’ Sustainable Development Goals. From a technical, ethical, economic, and legal point of view, trust is vital to business and, in this case, enhances both sustainability and cyber security.
Ιmportance of cybersecurity as an ESG factor
Cloud technology & ESG
Businesses are prioritizing ESG activities while accelerating their digital transformations through cloud technologies. The two efforts should be considered together, so that cloud solutions that contribute to better ESG performance are leveraged.
Emphasis should be placed on what the increased use of cloud services means and the providers’ commitments to your sustainability goals. At the same time, performance measurement with quantitative data should be done in such a way that the vulnerabilities of an infrastructure are not exposed.
