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Is digitalisation the answer to ESG maturity challenges ? Digitalisation – a commonly heard phrase in today ’ s business world . For more than 20 years , industry leaders have discussed the benefits of digitalisation .
Such solutions were typically used to reduce or remove the need for paper processes , which , in turn , has a positive impact on the environment . Since then , Glotfelty says that industries have expanded the capabilities of technology so that “ there are now many other ways that digitalisation can help ”. One such way is the use of digital solutions to efficiently gather supplier data – of key importance as data becomes
“ Companies often neglect to view the supply chain as a whole , instead thinking only about their own environmental impact ”
COSTAS XYLOYIANNIS CHIEF EXECUTIVE OFFICER
HICX
the cornerstone of business acumen and transparency . “ Digital solutions can help to better understand how your suppliers are performing based on key metrics such as their emissions . With these kinds of insights , organisations can select their preferred suppliers ,” Glotfelty continues .
Agreeing with Glotfelty , Xyloyiannis says : “ It is important to recognise that no company is an island and that , particularly for large organisations , any ESG policy must include the entire supplier ecosystem . To achieve ESG commitments , organisations need extensive information about suppliers on
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