Our increasing reliance on the digital world is leaving its mark on the planet
The digital revolution has fundamentally transformed society and will be crucial in the battle against climate change. However, from the energy used by the vast, hidden infrastructure networks that power the internet to the finite natural resources required to manufacture hardware, our increased use of digital technologies also comes with a high environmental impact.
Investors, governments, clients and employees expect the tech industry to take action and improve environmental, social and governance (ESG) performance. From tech titans to emerging scale ups, momentum is growing across the sector, with ESG increasingly being incorporated into strategic planning. Accurate, transparent impact reporting anchored by credible climate commitments are fast becoming a business imperative.
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Digital, tech and media
Tech has a key role to play but emissions growth must be decoupled from business growth
Tech businesses have a dual role to play within the societal transition to net zero. Firstly, the industry itself must minimise its own impact on the environment by drastically cutting GHG emissions across the entire value chain and investing in the nature-based solutions required to neutralise hard-to-abate emissions and tackle biodiversity issues.
Secondly, the industry can become an enabler of net zero for individuals and other businesses through technological innovation. Achieving net zero will require a fundamental shift in everything we do – from electric vehicles to carbon removal technologies, the industry is uniquely positioned to revolutionise other industries and solve global problems.
Tech giants such as Microsoft and Google are already making great strides on both of these fronts by putting ESG performance at the heart of their corporate strategies – the wider industry must now follow suit.
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Bunzl, the leading FTSE 100 company and global distributor defines its strategic sustainability framework for action.
The Streamlined Energy and Carbon Reporting framework – SECR is a package of regulations published by the Department for Business, Energy and Industrial Strategy that came into effect from 1st April 2019. The first public disclosure will emerge in 2020, allowing companies a full year to collect the required data. Over 10,000 businesses will now have to comply with additional (or modified) energy and carbon reporting obligations from FY 2019/20 onwards.
Download our guide for expert insights on SECR.
Digital, tech and media
With a digital, technology and media sustainability team, Avieco is well placed to support your business, your impact, and your sustainability challenges, to help you identify what really matters to you in your journey to becoming sustainable.
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