Welcome to the world of ESG (Environment, Sustainability & Governance), where the definitions are clear, but the interpretations are as diverse as the colours of a rainbow. It is a realm where proponents champion it as a powerful tool for creating a better world, while dissenters see it as a mere facade to placate critics.
Here at Orange Business, however, we do not just see ESG as a buzzword or a band-aid solution. We firmly believe that sustainable IT approaches can effectively drive tangible efficiencies in both our business and yours, and this is an indisputable reality. We have placed environmental protection at the forefront of our strategic plan with the implementation of our Green Act programme. We have made a significant commitment to combat climate change, setting a goal to achieve carbon neutrality by 2040.
In the face of escalating climate change and its strong correlation with industrialisation, businesses possess a distinctive chance to shift from being contributors to becoming solution providers. By embracing ESG principles and actively pursuing environmental and social responsibility, these businesses can not only minimise their impact but also assume a vital role in shaping a sustainable future. The time has come for businesses to take decisive action and actively contribute to addressing the challenges presented by climate change.
Just last year, Malaysia ranked as one of the best in ESG practices among their ASEAN counterparts but lags behind when compared to others outside the region. If Malaysia aims to be the crème de la crème in ESG practices, an all-out approach needs to be considered.
The stakes have never been higher for Malaysian companies to prioritise ESG principles. As investors and customers demand more transparency and accountability, businesses that embrace sustainable practices are finding themselves at the forefront of a major cultural shift.
According to McKinsey, these companies are not only improving their bottom line but are also experiencing top-line growth, reducing costs, minimising government and judicial intervention, increasing employee productivity and optimising investments and assets. By aligning their values with those of their stakeholders, Malaysian companies can achieve a competitive advantage while also positively impacting the world around them.
Go Green With IoT
So, how can businesses in Malaysia begin or step-up their ESG game?
One important way is through Internet of Things (IoT) adoption. IoT solutions can help give your business a green edge and take your green initiatives to the next level!
Forbes cited that IoT can not only have a significant impact by reducing energy waste, limiting air and water pollution, and cutting carbon emissions but also are often more efficient and cost-effective.
Think of it as a win-win situation: You can do your part to protect the planet while saving money and enhancing revenue. Whether it is using smart sensors to monitor energy usage, optimising transportation routes with real-time data, or automating processes to reduce waste, there are countless ways that IoT can help businesses achieve their ESG goals.
Orange Business at the Heart of ESG
We at Orange Business have been actively supporting organisations in their ESG efforts with IoT. Notably, we have successfully implemented IoT-based solutions to help businesses reduce their energy consumption, carbon footprint, and operating costs. Through our Green Data Centre programme, businesses are able to optimise their energy usage by deploying IoT sensors that monitor and control the temperature, humidity, and energy consumption of their data centres. This has resulted in a significant reduction in energy costs and carbon emissions.
In addition to this, we have also been actively promoting the use of IoT in other areas which have the ability to manage energy in utilities with the potential to further reduce carbon emissions and improve sustainability across a range of industries.
On the social aspect, one important consideration is workplace health and safety. In light of the pandemic, it has become crucial to prioritise the provision of a clean and safe working environment that motivates employees to return to the office. IoT technology can play a significant role in monitoring air quality levels within office spaces. For instance, by utilising IoT sensors, businesses can receive real-time data on air quality and promptly take necessary actions to address any deterioration. This proactive approach can contribute to a healthier and more productive work environment.
In addition to addressing workplace health and safety, businesses should also contemplate adopting the WELL Business Standard—an industry-leading benchmark that places emphasis on fostering the health and well-being of building occupants. By implementing this standard, companies can showcase their unwavering dedication to crafting environments that prioritise human health and wellness.
In terms of facilitating the realisation of these objectives, we offer a wide range of IoT solutions that cater to all aspects of production and supply chain operations, providing real-time intelligence and smart digital solutions.
These solutions can help transform your operations, making them more agile, resilient, and sustainable. Check out this page to learn more and discover how Orange Business can help you take your business to the next level.
