"Pioneering Digital-ESG Standards: Navigating the Path to Sustainable Tech Transformation"
I would like to celebrate and share this monumental moment for our future global society.
DQ Institute, a globally renowned organization dedicated to establishing international benchmarks for digital intelligence, is delighted to unveil the Digital-ESG Assessment and Reporting Standards, a collaborative effort with the esteemed Taejae Future Consensus Institute, a leading think-tank in Korea. The "Digital Age, A Pathway to Sustainability" Forum, held at The Korean Foundation of Advanced Studies on July 13th, witnessed the participation of distinguished figures including Ban Ki-moon, the 8th UN Secretary-General, Irina Bokova, former Director General of UNESCO, Kim Yong-Hak, former President of Yonsei University, and Dr. Yuhyun Park, the founder of DQ Institute.
The rapid proliferation and integration of AI, big data, analytics, and other emerging technologies have ignited a profound digital transformation across industries. Yet, this transformation has also given rise to various digital-related risks. Existing sustainability frameworks, like the United Nations Sustainable Development Goals (SDGs) and traditional ESG standards, primarily concentrate on climate-related concerns, leaving digital-related issues relatively unaddressed. This gap has allowed companies with the potential for, or existing, negative digital impacts to evade their ESG responsibilities, escaping significant risks to their investments and reputations. By incorporating Digital-ESG into sustainability strategies, a harmonious balance can be struck between harnessing the potential of technology and safeguarding citizens, both in the digital and physical realms, as well as global society.
Mr. Ban Ki-moon, the 8th UN Secretary-General, shared his insights: "The private sector's pivotal role in achieving sustainability demands accountability from an Environmental, Social, and Governance (ESG) perspective. As we navigate the global AI dominance race, digital aspects must become an integral part of ESG considerations when updating our sustainability objectives. We must expand the traditional ESG framework to encompass various facets of companies' digital endeavors, including digital inclusion, digital skills, digital safety and security, digital rights, and more."
Recognizing these pressing challenges, DQ Institute underscores the urgency of addressing critical issues such as human-centered tech initiatives, enhancing environmental sustainability through cross-economy collaboration, fostering digital human capital development, ensuring digital inclusion, promoting stakeholder digital safety and wellbeing, fortifying data security and system reliability, upholding digital rights and ethics, as well as advancing digital communication and stakeholder engagement.