COP27 And The New Age Of ESG Technology

COP27 And The New Age Of ESG Technology

Exiting a taxi from a convention center in Sharm el-Sheikh, Egypt, the theme of the day: an unusual heat wave caused by the global climate crisis.

I was there for the 27th annual Conference of the Parties, also known as COP27 or the United Nations Conference on Climate Change. Heads of state, ministers, negotiators, climate change activists, mayors, civil society representatives and business executives are in attendance. Speakers this year included US President Joe Biden, US Presidential Special Envoy for Climate Affairs John Kerry and French President Emmanuel Macron.

Most of ServiceNow's activity took place in the Innovation District and the energy was overwhelming. People of all nationalities, backgrounds, views and religions used their collective intelligence and spirit of cooperation to find a solution to a global problem.

But it wasn't just about tulips and roses and net carbon reductions.

The theme of COP27 was "Uniting the World to Combat Climate Change". Through numerous conversations, panels, and helpers, this topic has evolved into an urgent call to action: Implementation.

go from here to there

At previous climate summits, many companies and governments have agreed on ambitious climate targets.

The Paris Agreement, developed at COP21 and signed by 194 parties, sets the goal of net zero emissions by 2050. Companies reflect this goal; ServiceNow aims to surpass this figure within 20 years and reach zero by 2030.

But the question that preoccupied all COP27 participants was how to achieve this in practice? Are these empty promises true? As the human race, can we handle a moment of crisis?

Technology can play an important role in combating the effects of carbon emissions and global warming. This is the topic we covered in our Innovation Zone panel titled "The Role of Technology Governance in Addressing Climate Change".

The group included executives from ServiceNow and Fujitsu, two companies working in partnership to fulfill their respective environmental responsibilities. Taking on the role of facilitator, I was delighted to continue discussing this topic with two of my ServiceNow colleagues: Edw Dickerson, VP of Strategy and Finance at ESG, and Vasantha Balasubramanyan, VP and CEO of Risk and Corporate Social Responsibility. . Fujitsu is represented by Sarah Jane Littleford, President, Responsible Business, Global Delivery and Carry Plant, Global President, ServiceNow Solutions.

Words, deeds, judgments

In our 45-minute talk, we'll look at how technology-driven governance can help and deliver solutions in large and diverse organizations. According to Balasubramanian, "this is COP, you can't turn words into actions without management."

Management is the key to creating and delivering simple solutions to complex problems. Management can be ServiceNow's strength.

Our ESG solution supports the climate, ESG, and enterprise operations of the enterprise by integrating ESG management and reporting with enterprise risk management and strategic project management. This allows our clients to go beyond management and reporting in a clean and risk-free way.

It is the nexus upon which all other ESGs are built, and the foundation upon which trust, risk mitigation, and progress are built.

As Dickerson says, “management is about understanding goals, educating people, and being able to make those decisions in real time.”

However, we are at the beginning of what Littleford calls "an ongoing process of change." The whole world is waiting for action, and it is easy to feel that one person cannot influence. After seeing how the brain worked on this topic at COP27, I have a different opinion.

KS27 | World Leaders Perform at COP27

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