ESG in the Indian tech industry is evolving.
NetConnectGlobal
NetConnect Global is a leading technology and service partner to Global Captive Centers.
ESG(Environmental, Social, and Governance) goals or factors have been assuming a very important role across all industries over the years. The tech industry has also been an active participant when it comes to ESG initiatives. The Indian tech industry is expected to play its part in evolving with the demands of ESG from various stakeholders. Dedicating itself to the fulfilment of ESG goals, the tech industry is helping the clients fulfil their journey pertaining to ESG while simultaneously carving a new path for its future.
One of the primary reasons for ESG initiatives to be a success in the tech industry is its high demand as one of the top priorities by clients, investors, and employees. There's more transparency in the steps taken to fulfil the ESG objectives as well as the outcomes achieved by them among the different stakeholders. This has led to better results in terms of the impact of ESG initiatives as well as more satisfaction to clients, partners, and investors. ESG principles are also becoming a big competitive advantage in retaining and attracting talent, as more and more people want their job and the organization's purpose to have a societal impact, further levitating their significance.
When strategized and executed well, ESG objectives have the potential to unlock a significant value. The major areas most Indian tech companies are currently focusing on include carbon footprint and green technology, diversity, and inclusion and skilling and business ethics and compliance, and risk and crisis management. The impact created by various steps adopted by tech firms is growing every day. However, these ESG goals cannot be achieved by work done in isolation by a single player. It requires the different allies to come together and ensure that the ultimate objective is met and the impact intended only grows beyond expectations.