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What are the ESG Trends in 2024?

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What are the ESG Trends in 2024?

Data-Driven Sustainability

  • Continued emphasis on data-driven ESG initiatives.
  • Growing importance of accurate and reliable ESG data for decision-making.

Robust Global Frameworks for Transparency

  • Increased acknowledgment of the need for robust global frameworks.
  • Push for accountability and transparency in various industries.

Impact Investing Momentum

  • Impact investing gaining popularity across industries and asset classes.
  • Growing demand for ethical and sustainable investment choices.
 

Holistic Approach to Net-Zero

  • Recognition of the need for a holistic strategy for decarbonization.
  • Emphasis on renewable energy, decarbonizing supply chains, carbon trading, and circular economy principles.
 

Advancing Sustainability Through 5G

  • 5G technology expected to enhance sustainability initiatives.
  • Reduction of carbon emissions, enabling smart cities, and facilitating precision farming through 5G.
 

Transition from ESG to Sustainable Business

  • Observed shift from ESG to precise Stakeholder Metrics at Davos 2024.
  • Over 150 companies, including industry giants like Bank of America and IBM, adopt standardized metrics for corporate sustainability.
 

An increased involvement of AI

  • AI will be used in internally processing ESG-related datasets, ensuring adherence to ESG regulations, identifying possible regulatory infringements, forecasting sustainability trends, and providing insights to shape the ESG strategy of organizations.

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