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What are some ways to use technology for sustainability performance measurement?

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Technology can be a powerful ally for businesses that want to measure and improve their sustainability performance. But how can you use it effectively and efficiently? In this article, you will learn about some ways to leverage technology for sustainability performance measurement, such as:

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1 Data collection and analysis

One of the most essential steps in measuring sustainability performance is to collect and analyze relevant data. Technology can help you automate and streamline this process, saving you time and resources. For example, you can use sensors, smart meters, or IoT devices to monitor your energy, water, waste, or emissions. You can also use cloud-based platforms, software, or apps to store, manage, and visualize your data. These tools can help you identify patterns, trends, gaps, and opportunities for improvement.

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Jaime Nazário

Diretor / CEO / COO / CCO / Head / Gerente / Gerente Geral / Gerente de Filial / Especialista em IA / Gerente Regional / Gerente Nacional / Executivo / Comercial / Vendas / Administrativo / Financeiro / Controller
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A tecnologia pode ser usada de várias formas para medir o desempenho da sustentabilidade. Aqui est?o alguns exemplos: Dados e análise: Utilizar dados e análise de dados para identificar áreas de oportunidade e criar indicadores e metas relacionados à sustentabilidade. Software de gest?o de sustentabilidade: Utilizar software especializado para gerenciar e reportar a sustentabilidade, incluindo o monitoramento de metas e desempenho. Big Data e IoT: Utilizar dados e tecnologias de Internet das Coisas (IoT) para monitorar o desempenho ambiental e social de maneira mais precisa e a tempo real. Blockchain: Utilizar blockchain para garantir a transparência e a confiabilidade de dados relacionados à sustentabilidade.

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2 Reporting and disclosure

Another important aspect of measuring sustainability performance is to report and disclose your results to your stakeholders, such as customers, investors, regulators, or the public. Technology can help you create and share clear, consistent, and credible reports that follow the best practices and standards in your industry or sector. For example, you can use online platforms, dashboards, or templates to generate and publish your sustainability reports. You can also use blockchain, artificial intelligence, or digital verification to enhance the transparency, accuracy, and security of your data.

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Harald Eustachius Tomintz

Building a #BetterWorkingWorld ??
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Technology and AI can help measure and report sustainability impacts by providing tools and frameworks for data collection and analysis. These inventions can help monitor and improve CSR projects as well as company reports to stakeholders. Some examples are carbon footprint and GHG emission measurements, life cycle assessments, ESG reporting, and integrated reporting. However, digital tools still have limitations, such as in data quality and comparability. When it comes to auditing specifically, another question is who bears the responsibility of ensuring correct disclosures, since AI currently provides no substitute for that. Therefore, firms should use technology as an enabler—not a substitute—for good sustainability reporting practices.

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3 Benchmarking and goal-setting

A third way to use technology for measuring sustainability performance is to benchmark and set your goals. Technology can help you compare your performance with your peers, competitors, or industry averages. This can help you understand your strengths, weaknesses, opportunities, and threats. Technology can also help you set realistic, measurable, and achievable goals that align with your vision, mission, and values. For example, you can use online tools, calculators, or frameworks to assess your current performance, define your targets, and track your progress.

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4 Engagement and feedback

A fourth way to use technology for measuring sustainability performance is to engage and get feedback from your stakeholders. Technology can help you communicate and collaborate with your internal and external stakeholders, such as employees, suppliers, customers, or communities. This can help you build trust, loyalty, and reputation. Technology can also help you collect and respond to feedback from your stakeholders, such as surveys, polls, reviews, or ratings. This can help you improve your performance, address issues, and innovate solutions.

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5 Learning and improvement

A fifth way to use technology for measuring sustainability performance is to learn and improve. Technology can help you access and share knowledge, best practices, and lessons learned from your own or others' experiences. This can help you enhance your skills, competencies, and capabilities. Technology can also help you test and implement new ideas, methods, or technologies that can improve your performance, efficiency, or impact. For example, you can use online courses, webinars, podcasts, or blogs to learn from experts or peers. You can also use simulations, experiments, or prototypes to try out new approaches or solutions.

Technology can be a valuable tool for measuring sustainability performance, but it is not a silver bullet. You still need to have a clear strategy, a strong commitment, and a continuous improvement mindset. Technology can help you measure what matters, but you need to act on what you measure.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Akshay Mishra

Anthropologist |Project Lead-CSR? EY| Ethnography| CSR| AIforSocialGood | UGC?NET-SRF| YLAC Policy Drafting Research Fellow (2016) to Loksabha MP| Ideation, Implementation & Impact Improvisation Expert|
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Technology offers a plethora of tools and solutions to measure and enhance sustainability performance. By leveraging IoT, big data analytics, blockchain, AI, and other innovations, businesses can gain insights, optimize operations, and drive impactful change towards a more sustainable future. Embracing these technologies not only improves environmental performance but also enhances brand reputation, fosters innovation, and positions businesses for long-term success in a world increasingly focused on sustainability. Also Implementing collaborative platforms enabling stakeholders across departments, sharing best practices, open discussion forums on sustainability projects to collectively work are easier & effective ways of using technology

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What are some ways to use technology for sustainability performance measurement?

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1 Data collection and analysis

2 Reporting and disclosure

3 Benchmarking and goal-setting

4 Engagement and feedback

5 Learning and improvement

6 Here’s what else to consider

Corporate Social Responsibility

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What are some ways to use technology for sustainability performance measurement?

1

2

3

4

5

6

1 Data collection and analysis

2 Reporting and disclosure

3 Benchmarking and goal-setting

4 Engagement and feedback

5 Learning and improvement

6 Here’s what else to consider

Corporate Social Responsibility

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