How To Think Big In ESG And Sustainable IT

By Ed Moltzen
01-31-2024

Industry analysts have long found Environmental, Social and Governance (ESG) practices will open doors to efficiency, improved performance, boost company reputations and help meet regulatory mandates.

 

Industry analysts have long found Environmental, Social and Governance (ESG) practices will open doors to efficiency, improved performance, boost company reputations and help meet regulatory mandates.

Now, the ESG landscape that emerges shows that adhering to best practices will enhance all of that for IT solution providers.

"The majority of public companies will update their investment methodologies to include sustainability metrics as a key part of their return on investment (ROI) analysis by 2026,” according to a report from Gartner.

And when Gartner sought to highlight top global performers in ESG in a key area—supply chains—it gave top prize to Schneider Electric, which beat out competitors like Tesla for Gartner’s top prize, according to the Global Supply Chain Top 25 report.

"Schneider Electric’s work embodies multiple trends we see among top supply chain organizations this year, such as embracing an ecosystem approach that has helped reduce the carbon footprint of some key suppliers by 10 percent in less than two years,” said Mike Griswold, VP at Gartner, when highlighting the importance of the company’s approach.

Solution providers could also consider a number of the company’s offerings.

Schneider Electric's Sustainability School, IT recycling program and EcoCare initiative offer compelling avenues for solution providers to enhance their ESG outcomes, aligning with Gartner’s message:

●      The Sustainability School can educate solution providers on incorporating sustainable technologies that optimize costs, energy performance and asset utilization. This aligns with Gartner's emphasis on operational importance. Training and insights provided can inspire innovative business models focused on sustainability, responding to the growing customer demand for environmentally conscious products and services.

●      APC by Schneider Electric offers a comprehensive recycling program, including options for recycling old UPS batteries and units. Customers can create prepaid return labels for spent UPS batteries or drop off dead batteries at Call2Recycle drop-off locations. Additionally, APC provides options to upgrade to a new UPS, recharge existing units or recycle them using environmentally friendly methods.

●      EcoCare can improve an organization’s wellness with strategies to improve energy efficiency, directly contributing to optimized energy performance.

The overarching goal of ESG is to capture all the non-financial risks and opportunities inherent in a company's day-to-day activities, thereby providing a more comprehensive view of its long-term sustainability and ethicality.

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