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<Tech Trend>The Direction of Digital Technology Development Under ESG
Public welfare issues such as climate change and corporate social responsibility have always attracted the attention of the public. As investors, international indices and rating agencies pay more and more attention to the "ESG" performance of companies, and successively formulated laws and regulations (such as the EU's Carbon Border Adjustment Mechanism, which will come into force in 2023), many companies have seized the opportunity to devote themselves to the research and development of related digital technology or green technology to cater to the trend of "ESG".
ESG refers to environmental protection (Environment), social responsibility (Social) and corporate governance (Governance), which are a new set of indicators for evaluating corporate performance.
Green technology is developed rapidly. It is not difficult to find the examples of ESG integration with increasingly mature technologies such as "Artificial Intelligence", "Blockchain" and "Digital Twins". AirSeed Technologies, an Australian scientific and technological innovation company, plans to plant about 100 million trees in the disaster-stricken areas affected by the Australian forest fires by 2024. They deploy large-scale planting locations and seed dispersal by using unmanned aerial vehicles to go deep into the jungle to draw maps and accurately measure soil, environmental and other factors. In terms of digital technology, with the maturity and popularization of existing cloud technology, many small and medium-sized enterprises will also store data and servers on cloud services for maintenance. Unlike traditional data centers or server rooms, which consume a lot of energy day and night (such as 24x7 independent air conditioners), there are even Green Data Center solutions.
In terms of corporate governance, there are many companies in Taiwan that provide green and low-carbon digital transformation solutions. For example, office equipment, combined with Artificial Intelligence, Internet of Things, remote cloud printing service platform and other technologies. These can save energy and reduce carbon emissions for corporate customers' office equipment. In order to effectively manage information and data related to ESG, many large corporates have also begun to apply blockchain technology, that is, Distributed Ledger Technologies as a management method. For example, AREP GROUP, a French design consultancy company, applied DLT to waste treatment. It collects data on the processing process and personnel of each garbage bin in the train station to ensure the transparency and traceability of the waste transportation process to optimize the waste classification system. The accuracy of the data stored by each node on the blockchain is very high and difficult to be changed.
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Units 4609-4614, 46/F, COSCO Tower, 183 Queen's Road Central, HK
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Units 1817-1820, 18/F., Tower 1, Grand Century Place, 193 Prince Edward Road West, Mongkok, Kowloon, HK
(852) 2907 6011