Driving Sustainability Practices in Tech Industry
As the world grapples with the pressing challenges of #climatechange, the tech industry is uniquely positioned to lead the charge towards a #sustainable future. The Sustainability Playbook for the Tech Industry, developed by nasscom in collaboration with KPMG, provides a comprehensive guide to help tech companies navigate their sustainability journey. This newsletter highlights key insights and actionable strategies from the playbook to help your organization advance its sustainability goals.
Data Minimization and Efficiency: Embrace practices like data minimization, efficient data processing algorithms, and #renewableenergy sources for sustainable tech operations.
ESG/Sustainability Basics: Understand and incorporate Environmental, Social, and Governance (ESG) factors to measure sustainable impact and ethical performance.
Communication and Perception: Communicate transparently and proactively to enhance reputation and credibility in sustainability reporting.
Journey Through Sustainability Stages
Getting the Basics Right: Focus on quick wins, #sustainability self-assessment, recalibrating vision, and engaging stakeholders.
Strengthening the Core: Invest in sustainability training, energy-efficient technologies, and operationalize sustainability data collection.
Enhancing the Core: Identify material Scope 3 categories, set reduction targets, work with suppliers, and form a board-level ESG Committee.
Communication Strategies for Impact
Customized Communication: Tailor communication packages for different stakeholder groups and substantiate disclosures with clear data points.
Operationalizing Sustainability: Integrate climate change risks, communicate successes transparently, and seek independent assurance for credibility.
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By following these practices and strategies, tech companies can enhance their sustainability performance, drive innovation, and contribute to a more sustainable future.
Download nasscom ’s first-ever Sustainability Playbook for the Tech Industry for more Insights
Download Link ?? https://community.nasscom.in/communities/esg-sustainability/sustainability-playbook-tech-industry-practical-guide-advancing
Achyuta Ghosh Nirmala Balakrishnan Neha Jain Anuj Duggal Brookfield Properties KPMG India Neetu Singh