REGULATIONS Mark Wilkinson, OpenText’ s SVP for the Global Business Network, says:“ Where ESG is concerned, proactivity is pivotal to business success. As we see an increase in sustainability focused regulation, with expectations set by the EU’ s CSRD, the organisations who stand out from the crowd will be those who already have agile foundations.
“ For example, reporting solutions will need access to consistent company data, and automation will be crucial to a successful sustainability strategy. This has been highlighted by the widespread adoption of automation driven by sustainability initiatives in recent years.
“ Through embracing AI’ s capabilities, optimising agile data foundations and embracing automation, companies can ensure they remain prepared in the face of increasing regulations.” Sophie feels similarly:“ Despite the regulatory changes, investments in technology to improve sustainability data are delivering proven business value. Technological advancements, particularly in AI and machine learning, have significantly streamlined ESG data reporting for companies.
“ By automating manual, challenging processes around sustainability data collation, businesses are able to repurpose Sustainability teams away from data-gathering and reporting towards strategy, using insights from this data.”
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