To be digital or not to be, that is the ESG question
Avoiding global warming and achieving ESG targets requires new vision and new solutions to old problems. Since we are humans, we have to solve challenges with creativity, science and technology. But now, science is not enough, technology is not enough, and creativity is not enough. We live in an in...
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| Format: | Article |
| Language: | English |
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University of Deusto
2023-03-01
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| Series: | Boletín de Estudios Económicos |
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| Online Access: | https://bee.revistas.deusto.es/article/view/2638 |
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| _version_ | 1841526484251967488 |
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| author | Luis Martín Noelia Sánchez-Ortiz |
| author_facet | Luis Martín Noelia Sánchez-Ortiz |
| author_sort | Luis Martín |
| collection | DOAJ |
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Avoiding global warming and achieving ESG targets requires new vision and new solutions to old problems. Since we are humans, we have to solve challenges with creativity, science and technology. But now, science is not enough, technology is not enough, and creativity is not enough. We live in an interconnected world which has never seen before. And there is a tool to allow this connectivity among stakeholders, without barriers and at a fraction of the cost of any other solution: the digital technology. Cheap, flexible and without boundaries, it is pushing our creativity to the limit. Being open and digital is the only solution in an interconnected world that needs to be open and transparent. An organization intending to measure, improve or report its ESG impact, needs to be digital. Digitalization needs to be introduced in the current and future processes of the industry, which will increasingly rely on digital technologies, allowing collection of data and its use across the company. There is unanimity concerning digitalization, and the need to increase the penetration of digital tools into the company processes so as to improve the organizations efficiency and for reporting purposes. This paper summarises the contexts of ESG requirements, the associated indexes and the digital technologies that can be considered within the organizations. Then, we describe a proposed approach for mapping the status of digitalization of companies and summarise some examples on how digitalization has impacted the ESG impact of relevant organizations.
Received: 22 November 2022
Accepted: 07 December 2022
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| format | Article |
| id | doaj-art-3825a091a29d424baf3f9a7ebb8bf21a |
| institution | Kabale University |
| issn | 0006-6249 2951-6722 |
| language | English |
| publishDate | 2023-03-01 |
| publisher | University of Deusto |
| record_format | Article |
| series | Boletín de Estudios Económicos |
| spelling | doaj-art-3825a091a29d424baf3f9a7ebb8bf21a2025-01-16T18:52:56ZengUniversity of DeustoBoletín de Estudios Económicos0006-62492951-67222023-03-017723310.18543/bee.2638To be digital or not to be, that is the ESG questionLuis Martín0Noelia Sánchez-Ortiz1Arribes E.Arribes E.; Universidad Carlos III de Madrid Avoiding global warming and achieving ESG targets requires new vision and new solutions to old problems. Since we are humans, we have to solve challenges with creativity, science and technology. But now, science is not enough, technology is not enough, and creativity is not enough. We live in an interconnected world which has never seen before. And there is a tool to allow this connectivity among stakeholders, without barriers and at a fraction of the cost of any other solution: the digital technology. Cheap, flexible and without boundaries, it is pushing our creativity to the limit. Being open and digital is the only solution in an interconnected world that needs to be open and transparent. An organization intending to measure, improve or report its ESG impact, needs to be digital. Digitalization needs to be introduced in the current and future processes of the industry, which will increasingly rely on digital technologies, allowing collection of data and its use across the company. There is unanimity concerning digitalization, and the need to increase the penetration of digital tools into the company processes so as to improve the organizations efficiency and for reporting purposes. This paper summarises the contexts of ESG requirements, the associated indexes and the digital technologies that can be considered within the organizations. Then, we describe a proposed approach for mapping the status of digitalization of companies and summarise some examples on how digitalization has impacted the ESG impact of relevant organizations. Received: 22 November 2022 Accepted: 07 December 2022 https://bee.revistas.deusto.es/article/view/2638ESGdigitalizationprocessesindexes |
| spellingShingle | Luis Martín Noelia Sánchez-Ortiz To be digital or not to be, that is the ESG question Boletín de Estudios Económicos ESG digitalization processes indexes |
| title | To be digital or not to be, that is the ESG question |
| title_full | To be digital or not to be, that is the ESG question |
| title_fullStr | To be digital or not to be, that is the ESG question |
| title_full_unstemmed | To be digital or not to be, that is the ESG question |
| title_short | To be digital or not to be, that is the ESG question |
| title_sort | to be digital or not to be that is the esg question |
| topic | ESG digitalization processes indexes |
| url | https://bee.revistas.deusto.es/article/view/2638 |
| work_keys_str_mv | AT luismartin tobedigitalornottobethatistheesgquestion AT noeliasanchezortiz tobedigitalornottobethatistheesgquestion |