MEETING YOUR ESG TARGETS WITH WEARABLE TECHNOLOGY
Global shifts, such as the pandemic and climate change, and the emergence of disruptive technologies have made the integration of environmental, social, and governance (ESG) policies even more essential for organizations and policymakers.
What is Environmental, Social, and Governance (ESG)?
ESG is a stakeholder-centric approach to conducting business operations. It is a framework used to analyze organizational performance and sustainability based on three dimensions: environmental, social, and governance.
Environmental factors consider the ability of a company to protect its environment, which includes frameworks and policies to address the impact of operations on climate change and natural habitat.
Social factors evaluate the ability of a company to manage its relationships with stakeholders, such as suppliers, customers, and communities.
Last but not least, governance refers to audits, shareholder rights, and organizational leadership.
Achieving ESG Targets is Becoming a Top Priority for Global Organizations
The concept of sustainability has been around for quite a while, yet its impact has lately become crucial, specifically after considering the consequences of global shifts the world is experiencing.
Several industries are known to pose a threat to the environment. Therefore, investors are using the criteria of ESG to filter ethically and socially responsible organizations.
Companies worldwide are also integrating technology to address climate change issues and facilitate sustainability to generate long-term value.
A research study revealed that 81 percent of consumers believe that companies should make responsible choices, and 58 percent of CEOs state that company owners demand ESG reporting.
It indicates that sustainability and ESG reporting are becoming a priority for global organizations to satisfy their stakeholders.
Meeting ESG Targets with Emerging Wearable Technology Solutions
The global corporate sector is facing a labor shortage and a lack of skilled workers. Therefore, manufacturing organizations are exploiting new opportunities to train their workforce efficiently.
Empowering the workforce by deploying wearable technology paired with measurement cycles and training modules facilitates organizations in saving costs and the environment.
Not only does it lead to a decline in carbon footprint by 20 percent, but it also amps up production and efficiency by 220 percent.
Realtime AR Achieving ESG Targets
Realtime AR integrate assisted reality solutions that transition companies to become 100% paperless by digitalizing procedures, inspections, and instructions for frontline workers and remote experts.
Not only does becoming paperless signify digital adoption, but it also becomes the forefront of corporate sustainability by reducing paper wastage.
Realtime AR wearable technology is driven by assisted reality technology that facilitates frontline workers and remote inspection teams to collaborate in real-time and get instructions via a headset device.
It dramatically reduces the use of paper and enables organizations to move a step ahead toward digital efficiency.
Reduced Need for Travel
Traveling frequently from offices to industrial sites and vice versa contributes negatively to the environment by increasing the carbon footprint.
Wearable technology enables remote collaboration between the frontline workforce and remote workers. Via the technology, remote experts can connect with the workforce, inspect and instruct in real-time.
Should you have any queries about our wearable solutions, please feel free to reach out.