A stack of colourful index cards. The initiative will require companies to collect and process personal data in order to report on ESG issues, which presents some challenges but, more importantly, gives organisations an opportunity to embrace digital transformation, writes David van Boven of law firm Allen & Overy. Efforts to bring about change in the areas of environmental, social and governance (ESG) and digital have traditionally been viewed separately and are therefore commonly approached in isolation. The EU’s Green Deal is paving the way for these strategies to cooperate more closely and trigger a cross-organisational rethink of the use and value of data. If done right, investment in data governance will not only assist with ESG compliance, but also has the potential to unlock a competitive advantage by leveraging data within a business. The EU’s Green Deal, in short, is the European Commission’s ESG strategy that aims to reach net-zero emissions in the bloc by 2050, and includes the Corporate Sustainability Reporting Directive (CSRD), which entered into force in January 2023. The Green Deal coincides with the EU’s digital strategy, which aims to make the EU fit for the digital age while helping to achieve its climate goals. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
