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4 steps to improving your ESG risk management to increase financial performance

IBM Journey to AI blog

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability. Conduct ESG assessments.

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IBM named a leader in ESG reporting and data management software by independent research firm

IBM Journey to AI blog

Independent research firm Verdantix recently identified IBM as a leader in their report, “ Green Quadrant: ESG Reporting and Data Management Software ” (July 17, 2023), which evaluated and provided a detailed assessment of solution providers and their product offerings.

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The tsunami of sustainability disclosures facing American multinationals: Is your company prepared?

IBM Journey to AI blog

These disclosures will need to be filed as part of the company annual 10-K statements, potentially as soon as the 2024 fiscal year if the final ruling is published by October 2023 as currently expected. Additionally, the SEC proposal requires any company that has announced climate-related goals to disclose the scope and structure of the goal.

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Sustainability trends: 5 issues to watch in 2024

IBM Journey to AI blog

As more companies set broad environmental, social and governance (ESG) goals, finding a way to track and accurately document progress is increasingly important. 2 For example, some are turning to software solutions that can more easily capture, manage and report ESG data. The smart factories that make up Industry 4.0

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Renewable energy trends and developments powering a cleaner future

IBM Journey to AI blog

Policies driving development At 2023’s United Nation’s Climate Change Conference (COP28), governments set a goal to triple global renewables power capacity by 2030. Solar power In 2023, solar photovoltaic energy made up three-quarters of renewable capacity additions around the world, according to the IEA.

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Accelerating the renewable energy transition

IBM Journey to AI blog

Renewable energy capacity grew by nearly 14%—or 473 gigawatts (GW)—in 2023 according to the International Renewable Energy Agency (IRENA). Brand reputation A new wave of sustainability-focused stakeholders are putting pressure on organizations to be open about environmental, social and governance (ESG) factors.

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The top ESG trends in 2024

IBM Journey to AI blog

ESG (environmental, social and governance) factors may not be the first thing that pops up when you search “what’s trending?” Before, it might have been enough to publish a press release saying that a company’s new ESG strategy includes moving away from fossil fuels and embracing renewable energy.

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