Expert Views On Environmental,
Social And Governance Topics
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This blog combines articles from ADEC ESG Solutions, as well as FirstCarbon Solutions (FCS), an ADEC Innovation.
The Role of Technology in Sustainability: Innovative Solutions
Posted by Michele Carchman on Jul 2, 2015 9:36:00 AM
In the global marketplace, green technology is critical to sustainable development. Organizations view technology as an effective tool in aligning business objectives with sustainability goals. Companies such as H&M and Puma, inspired by the circular economy model, have teamed up to utilize textile-to-textile recycling technology as part of their business strategy to integrate sustainable practices into corporate operations. By reusing and repurposing old or unused products, companies are, simply put, more sustainable.
Global businesses are not the only ones adapting green technologies for their long-term strategies. Many local governments are developing innovative projects that will address issues related to climate change. The Smart City Project of New Delhi plans to install solar panels on top of school buildings and homes. Officials estimate that the project will be able to generate at least 1.7 MW of electricity from the panels installed in schools alone. Another example is GROW Holdings’ development of Quay Valley in California, which will be 100% self-sustaining with the use of solar power and its Hyperloop, an advanced transportation network that aims to reduce the need for pollution-causing transportation. With over 50,000 homes planned for this community, the town is a pioneer for future sustainable cities.
As the world gets greener, leaders are embracing the challenge to discover new innovations that will further the advancement of sustainable technology. Government and business leaders have taken up a variety of methods to integrate sustainable technology into their operations. One popular strategy is to partner with third-party firms to ensure that the technology fits with the organization’s existing strategies. Another method is to create a technological solution to complement an organization's existing sustainability initiatives. Either way, the transition towards green technologies demands that organizational strategies be data-driven.
The environmental impacts of current operations need to be accurately measured, with those measurements leading to actionable insights that will drive new operations, which will again need to be measured to validate progress in efficiencies. Software solutions are especially valuable in data monitoring, managing and reporting, ensuring that sustainability initiatives are supported by accurate and reliable data. If your organization hasn’t considered software solutions as the foundation of your overall environmental and sustainability efforts, there are a number of firms, including Verdantix, who are verse in what’s available.
FirstCarbon Solutions (FCS) is a leading sustainability solutions provider with expertise in software and data management solutions. We help organizations understand the business drivers in managing their sustainability practices and provide solutions for incorporating mitigation strategies into your business agenda with cost-effective environmental and sustainability management software solutions like FCS Sustainability Workbench™ and FCS ghgTrack™. To learn more about innovative solutions, review this article from our monthly newsletter, GreenWatch.