Data-rich organisations drive better ESG program outcomes. An important part of any organisations’ journey is to leverage technology to improve data capture and management, in order to improve accuracy and validity of ESG reporting.
Technology is a crucial component to your ESG strategy. Technology driven data management will yield fully transparent outcomes leading to fundamental trust of stakeholders and investors.
Is the current digital infrastructure in the organisation contradictory to the very ESG strategy or initiative that is being put in place? In order to leverage technology, assessment and necessary improvements must be identified and made to ensure that it is fully in-sync with the ESG strategies. Energy efficiency, circular economy practices and emission reductions are just some of the many areas to look into for assessment.
Dematerialising the use of physical resources by digitising processes in an organisation can go a long way to drastically reduce waste and improve energy efficiency, thereby reducing carbon emissions in the process. IoT devices often play a big part in ensuring accurate data is captured, with minimal material wastage all whilst having the possibility of improving accuracy and traceability.
Measuring ESG KPIs requires accurate data, analytics and reporting. Inaccurate data leads to skewed insights, which can drive flawed initiatives and decisions. By automating data collection and implementing data as part of the value chain, we systematically acknowledge and ensure that the insights provided through the collected data are indisputable.
As ESG is a broad term encapsulating many aspects of an organisation, there is no one-size-fits-all approach to formulating the right strategy.
The first step would be to get in touch with us and book an initial consult so that the Ocean Blocks ESG team can get to know your organisation in order to identify and better understand where we are able to add value.
Ocean Blocks typically work with and consult to mid-tier businesses both in Australia and abroad. Occasionally we do specific pieces of work for bigger firms or government organisations that require our specialist expertise in designated areas.
Ocean Blocks works with a wide range of organisations in different industry sectors. We are sector agnostic and have clients from a variety of industries.
The ESG side of the Ocean Blocks business operates much like a consultancy firm. We typically consult to businesses and work to create a bespoke strategy to tailor for each organisations’ unique needs and requirements.
Due to the bespoke nature of how we work with our clients, our fee structure is only determined after understanding the particular organisation’s requirements.