|Date||May 05, 2023|
|Author||Kashu Shubhamoorty and Suniti Kaur|
An important question today is how technology can help in building a sustainable world. A sustainable world can be defined as “where human needs would be met without chronic harm to the environment and without sacrificing the ability of future generations to meet their needs.”
It is to be ensured that science, technology and innovation can play a role in solving the global environmental crisis. These are identified as major pillars of the means for implementing the 2030 Agenda for Sustainable Development. Technology and innovation also carry risks and pose challenges that need to be addressed within the legal and policy frameworks.
Sustainability is important for the overall performance of industries as well. A recent BCG (Boston Consulting Group) research has found a strong correlation between emerging market companies’ scores in environmental, social, and governance (ESG) indexes and also in key financial and valuation metrics.