Good morning! Companies are banking on ESG as a future revenue stream, yet there are no clear rules around how they report results. And that’s a dream scenario for software vendors.
It’s on Big Tech to save ESG
Big Tech has been quick to try to profit off of the surge in ESG investing.
But the effort faces a major credibility challenge. Now it’s up to the sector to help shore up trust in a concept that many tech companies have adopted as a key cultural tenet, and to persuade other businesses to maintain investment in it.
- And now, as businesses float in the regulatory doldrums, the evaluation model aimed at analyzing an organization’s impact when it comes to environmental, social, and governance issues in the same manner as financial performance is in a precarious state.
That’s bad news for the tech industry. The sector has long embraced ESG reporting as a foundation of operations, or sometimes just as a marketing tactic. Still, the industry is banking on the maturation of the concept as…