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Global Economic Trends

Global Economic Trends For 2022 and Beyond

Inflation and employment crunches are starting to relax as pandemic disruptions fade. As the world grapple with new variants of the coronavirus, the economy is reopening and inching towards gradual stabilization.  With prices stabilizing, monetary policies are likely to turn back from the extraordinary pandemic measures in the years to come.  The economy showcased a sensational transformation from recovery to development amid the ongoing storm of the COVID-19 pandemic. Amid this transition, the global economy may slow down due to geopolitical risk. The fear of rising rates and unequal balance of demand and supply continues to push 2022 towards a downward trend. But there are still positive factors that will drive the economy in 2022. It is predicted that global as well as domestic conditions will improve in the months ahead. While the world economy is predicted to flatline this year, economies across the globe are showing a significant rise.  The economic curve looks gloomy but is inching increasingly compared with the emerging-economy peers.  The reopening of the global economy is being accompanied by supply chain bottlenecks, worker shortages, and the highest inflation rates seen in three decades. With the pandemic’s dislocations still clearly visible, the coming year could help establish a stable equilibrium in prices, consumer demand, and monetary policy. Here is a list of economic trends that will define the year ahead.  Global Economic Trends that will drive the landscape in 2022:  Geopolitical Tension will likely Overshadow all other Risks to Growth  According to recent survey results, executives are expecting that the economic effects due to the ongoing invasion of Ukraine will be strongly felt by the global economy. Executives are eyeing geopolitical instability as the top risk for both global as well as domestic growth in every geography. Thirty-nine percent of respondents in the survey predicted that the pandemic was a threat to domestic growth.  After nearly two years of COVID-19 being declared a global pandemic, the global economies are not citing it as the top risk to growth in the economy. The global tension escalating between Russia and Ukraine is likely to plunge soon, but nations are pondering over its effect on the demand for crude, settling the future crisis of oil.  Overall Economic Sentiment Continues to Wane  The improving, instead of worsening, conditions in the global and domestic economy are indicative of slow growth. Over the span of the second half of 2022, the global economy will grow more downbeat. While the global economy across geographies is showing signs of improvement, the conditions can take a fall due to the new COVID-19 variant.  Read more: Top Trends That Will Shape Investment Banking In 2022  The Footings of the Market Stand Robust  Strong household balance sheets, exhausted inventories, and federal infrastructure spending are poised to drive market demand in 2022. Since the onset of COVID-19, personal consumption expenditures have risen to 12%, and the ratio of disposable income to household net worth is approaching a record high. Government stimulus, booming equities, and real estate markets are likely to create $2.5 trillion in excess household savings. These strong household finances will translate into yet another year of robust consumer demand in 2022. Supply chain disturbances, depleted retail inventories, the flow of merchandise resumes, and restocking backlogs will boost demand for manufactured goods by 6%.  With Workers Returning, Labor Shortages will Persist  The unemployment rate will improve in 2022. With asset prices shifting towards consumer prices and the GDP of emerging nations, a strong chance of improvement in the unemployment rate is being perceived. The rise in strong demand for labor is enticing the last of the pandemic’s workforce dropouts to rejoin the job market.  Demographic trends are likely to drive a long-term worker shortage. A return to pre-pandemic labor market participation rates and higher wages may not reverse the aging of the workforce or the slowing of immigration flows.  Between 4 million and 5 million workers are yet to return to their jobs.  Some workers are struggling to find childcare, while others are battling chronic health conditions due to an unsafe work environment.  The labor market is adopting highly favorable measures for workers reentering in 2022.  The workforce is growing more slowly than before. Businesses may switch to adopting labor-enhancing technologies with the workforce growing scarce.   Supply Chains will Eventually Disentangle  Due to overwhelmed ports and delayed shipments, the global supply chain is reaching its long-hidden stress points in the global supply chain. The supply of microprocessors is expected to be inelastic. A sudden surge in demand for vehicles, appliances, and electronics will outstrip the productive capacity of the world’s chip foundries. With shipping bottlenecks easing, solid progress in the flow of retail goods is expected to return to normal.  Asian manufacturers are also getting back online. Export-focused economies, including Vietnam, Malaysia, and Thailand, are vaccinating a comparatively large share of their population, leading to a rise in economies. The demand for goods will ease in 2022 with the mix of consumption moving back toward services.  Read more: The Changing Dynamics of International Investment in India  New waves of Covid may not Impact the Recovery of Global Economies  Even with the onset of new waves of COVID-19 in 2022, its impact on the economy may or may not bear an impact on the global geographies. With the majority of geographies used to it, the new waves of Covid transition from pandemic to endemic are predicted to have little or zero influence.    Inflation May Cool Down in the second half of 2022  With Central banks starting to tighten their monetary policies, the tension of inflation, which escalated, will likely come down again in the zone of 2%-4%. While strong inflationary pressure could persist in the first part of 2022, the pressures will ease, and the economy will move back into equilibrium.   Prices may not rise rapidly, but year-over-year figures indicate the expected elevation in the first quarter, even if prices stabilize.  Shipping bottlenecks are easing, leading to a slight rise in supply chains and retail prices for goods.   The second half of 2022 will experience a steady flow of goods, bringing it closer to normal, thus reducing inflationary pressure.  The Fed will Transition toward a Neutral Economic Policy  A promising economic environment will aid set the stage for a shift toward neutral monetary policy. With the Fed beginning to taper its bond-buying program, asset purchases are scheduled to phase out by mid-2022.  The Federal Reserve extended its emergency support to the economy during the pandemic. In addition to slashing interest rates to near-zero, the Fed also purchased $120 billion of Treasuries and mortgages every month.  The Fed intervention will set the stage for rapid recovery when the economy reopens.  Interest rates are expected to begin to rise in 2022.   Policymakers are reluctant to raise rates in the face of ongoing pandemic risks. But the strengthening labor market and persistent price pressures are setting the stage for a return to a neutral monetary policy in the years to come. While the liftoff will be gradual, the incremental hike will provide the required for the economy to continue to grow.     Read more: Creating Value for Climate Change Crisis Through the Lens of Private Equity  Key Points  2022 is being predicted as another year of above-trend growth, owing to the buildup of household savings during the pandemic, replenishment of exhausted inventories, and ongoing support from monetary policy.  With supply chain bottlenecks starting to ease, the flow of goods is expected to be back to normal soon.  Inflation will likely start to subside by the middle of 2022. But the early part of the year will see little relief from 2021’s runup.  If pandemic stresses fade, workers could return to the job market, but labor shortages will likely persist.  Conclusion  The economy is constantly facing turbulence. Economic growth is being pushed up by the past stimulus, both fiscal and monetary. This year the economy will mostly be driven by past stimuli. With the pandemic fading and supply chain operations getting back to normal, the market is expected to rebound.   Assuming no more lockdowns are imposed, and people get to dine out, travel, or go to concerts, the market will experience a surge, thus prolonging the distortions in the economy. Despite the ongoing pressures from inflation, disrupted supply chain, money-tightening, and COVID-19, the global economy is getting back to normal in 2022.  With presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, Bengaluru, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.    A market leader in the BFSI space SG Analytics assists businesses with insightful research along with sophisticated technology solutions. Contact us today if you are in search of a BFSI firm that helps in driving value-accretive decisions and executing efficient processes to enhance the efficacy of your investments.   


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Embracing ESG Communications

Embracing Communication: Why It Plays a Crucial Part in ESG Strategy Planning

Environmental, social, and governance (ESG) issues have always been a top concern of corporate management. In today's rapidly changing business climate, awareness about ESG issues is becoming critical for long-term competitive success.   Historically, the tech domain has been all about speed, innovation, and growth. But today, social responsibility is an extremely important aspect. While earlier, the winning firms were those who would rapidly invent and develop new products and services than their competitors, today the scenario has changed. Major institutions that recognize and employ ESG initiatives in their operations are leading and winning the race.  Read more: ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain  With the calls for transparency around environmental, social, and governance factors reaching an unprecedented volume, activist investors are no longer demanding environmental, social, and governance reports from large corporations. Today, investors are demanding ESG reporting from a wide range of companies. Results of the investor survey from PwC highlight that 79% of respondents said ESG reporting is a critical factor in their investment decision-making, while 49% said they were willing to divest from companies not taking influential ESG action. The addressing of ESG is no longer exclusively an environmental and social problem; it has grown into an issue that is likely to have repercussions for many companies.  Today, an organization's ability to handle environmental, social and governance matters demonstrates its administration and good governance that is vital to sustainable growth. Due to this reason, enterprises are increasingly integrating these issues into their investment process. The advantages of tackling ESG issues go beyond appeasing the institutional shareholders. It assists in creating a good public relations story.    A robust ESG program not only opens access to a large pool of capital but also assists in building a strong corporate brand and promotes sustainable long-term growth, thereby benefiting both - companies and investors.  The formula for success today in this technology-driven world is changing. Great tech firms are now taking social accountability and justifying their actions.  To be a responsible tech organization is to responsibly manage the organization in a balanced way, with an enhanced focus on good governance and accountability towards the larger community along with socially responsible and environmental practices. There are a plethora of compelling rationales for adopting this approach.   ESG is becoming a competitive imperative. Several industry leaders are making a serious commitment to corporate responsibility and sustainability. Major firms are publicly engaging on the issues of climate change and economic inequality. Big techs like Microsoft now operate as a carbon-neutral businesses, whereas Google is powering 100 percent of its operations with renewable energy.   With government scrutiny intensifying, policymakers are examining the issues that are vitally important to innovation, like data privacy and diversity. Regulators are weighing rules to safeguard an individual’s personal data online. They are also employing measures to address diversity.  Stakeholders' expectations are changing. Customers are voicing their interest in knowing what they are purchasing and the services they are receiving from the organizations. Investors are willing to incorporate ESG data into their decision-making and expect the organizations to present that information.  Today, ESG strategy is high on the list of priorities for businesses, but it is required to be embedded throughout the operations of the organization.   Read more: Improved Targeting, Sustainability, and Validity: Market Research Trends for 2022   Key Highlights-   Delivering a robust ESG strategy implies communicating with every employee to identify their role and delegating them to support the company’s ESG ambitions.  Failure to communicate the strategy will not only undermine implementation but could also lead to missed opportunities.  ESG performance is crucial in the war for talent, where today, millennials and Generation Z are dominating the global workforce. These generations are placing greater emphasis on the alignment of their employer’s values.  Along with this rise in impact investing, the funding industry is also acknowledging the necessity for an environmental, social, and governance (ESG) strategy. Tailored to the requirements of funds investors and stakeholders, ESG policies benefit businesses’ auditability and are emerging as a regulatory requirement.   Organizations have recognized that environmental, social, and governance (ESG) reporting is an essential element for their long-term success, and like 85% of S&P 500 companies, they must report their ESG performance annually as a part of corporate best practice.    ESG Reporting is Challenging  It's not that corporations do not want to integrate ESG reporting in their operations; it's just that the reporting is an onerous task.  For many enterprises, ESG reports include hundreds of requests that need to be addressed before the report completion. Further, if the enterprise does not employ an ESG specialist, it may be challenging for them to understand the criteria required to fulfill these standards.  But when it comes to relevant data accumulation, proper ESG reporting mandates pulling this data from multiple departments that often work with siloed technologies. To gather this needed information, organizations issue a questionnaire or data query to their department managers and project leads. This creates a dependency on people to return the data in a timely manner. Then, once the ESG-relevant information is assembled, it is time to turn to spreadsheets to organize and analyze them. All this approach produces is - error-filled data, a lack of tracking, and no auditability.  Read more: Creating Value for Climate Change Crisis Through the Lens of Private Equity  Succeeding at ESG   By adopting a tech-savvy digital approach, organizations can make ESG reporting painless. Companies should approach ESG as a digital transformation opportunity. The right solution will help them in removing the friction in ESG data gathering and analysis and communicating that data. This process will assist in driving ESG data gathering, organizing, and reporting.  Assembling the required reports in a single data bank will enable organizations to easily integrate the data with a wider enterprise environment and support sustainable accounting standards. By standardizing their data collection process, organizations can include a central data warehouse to which all relevant ESG data can be submitted. The right digital solution will aid in defining the data categories and specify data measures for non-ESG specialists.  Collaboration in gathering ESG data helps mitigate real-time communication confusion and prevents incorrect information exchange. This assists in leveraging existing enterprise resource planning platforms and procedures related to ESG competency.  The Expected Outcomes  A proactive approach to ESG reporting is expected to empower organizations to achieve several valuable benefits. It can assist them in improving efficiency by reporting and supervising specific targets, thus leading to a reduction in waste and operating costs. It can prove to be a powerful strategic lever and stimulate innovation. Today, employing ESG is a critical business issue in an industry where organizations have a growing need for talent, and sustainable growth cannot be achievable without improvements on multiple fronts.  Finally, organizations perceive ESG reporting as an asset to inform the marketplace about the sustainable measures the business is taking for the environment as well as society. This is helping them to attract and retain much-needed talent along with enhancing the institution's brand image and reputation. But succeeding in ESG reporting requires more than just the right digital solution. It also implies setting parameters to leverage the workable solutions.   Making ESG a part of integral values and goals can enable organizations to dismiss the temptation to consider ESG as an annual or quarterly requirement and instead solidify ESG reporting as a 24/7 commitment. By digitally transforming their ESG processes, organizations can witness an immediate impact on their bottom line along with their day-to-day procedures.  Successful installation of data collection frameworks will help them to fulfill their commitment to ESG with a more systematic approach and operate with greater safety for lower environmental impact. It’s time for companies to respond to social issues with greater sensitivity and associate ESG reporting as an opportunity to distinguish their organization in front of investors and customers.  With a presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, Bengaluru, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.   A leader in ESG Consulting services, SG Analytics offers bespoke sustainability consulting services and research support for informed decision-making. Contact us today if you are in search of an efficient ESG integration and management solution provider to boost your sustainable performance.  


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Top ESG Challenges for Corporates

ESG & Sustainability: Top ESG Challenges for Companies to Tackle in 2022

An increasingly growing factor of importance, ESG (Environmental, Social, and Governance), is empowering corporate organizations to measure within their supply and value chains.  Today, a strong ESG framework is reflective of the organization’s commitment toward sustainable growth – and how it caters to the sustainable viewpoint of investors, broader stakeholders, as well as customers, suppliers, and the community.   The years 2020 and 2021 were challenging for many companies, who were trying to navigate the new normal. With companies demanding to return to the office in 2022, they will explore new frameworks for their business and build more flexible and responsive strategies. Likewise, ESG strategies will take on new attributes to cater to the greater expectations and demands.   With the way the world is changing, owing to several factors, including climate change, COVID, and social awareness, corporate organizations are monitoring and advancing their ESG strategies. However, implementing an ESG program is not a cakewalk. Organizations that are adopting and estimating ESG within their supply value chains are facing emerging areas of challenge.   In 2022, corporate boards and management leaders will face rising pressure to demonstrate whether they are equipped to understand and oversee ESG issues.   Read more: Sustainability Tech Innovations that will power 2022  These key ESG challenges will take on more importance:  DEI (Diversity, Equity, and Inclusion) will transform into DEIA (Diversity, Equity, Access, and Inclusivity)  The year 2021 saw the emergence of diversity, equity, and inclusion as a critical component of every company’s ESG strategy. Many organizations realized the gravity of paying more serious attention to matters of diversity, equity, and inclusion with their employees, customers, and communities. The year 2022 will witness the addition of antiracism, another critical part of this challenge. The DEI efforts of many corporations are focused on creating and sustaining a diverse group of employees and assuring that they feel included and equally compensated. With the growing demands, companies and their employees are taking on a more active role in fighting against institutional and structural racism. By taking action to end racial inequities in institutions, corporate stakeholders are exploring proactive ways to change any operations that reflect an inherent bias in their systems.  Transparency to push toward accountability  The notion of corporations being transparent with their stakeholders is gaining considerable traction. Over the past few years, customers, community leaders, and regulators have been demanding access to insights about the operations of the organizations and the strategies they plan to employ in the future. While earlier it was possible for organizations to hide behind walls of silence, gone are the day. Today activists are uncovering more information to hold companies accountable for their actions. While transparency is just the beginning of this cycle, accountability is the actual target. Stakeholders are now demanding companies report their actual results instead of just making promises. Companies are now continuing to experience more demands for accountability, and this list of third-party verifiers is likely to increase in number and importance.  A Shift in Culture  Implementing ESG factors into an organization and value chain is not just about the tools used to measure its effectiveness, but it also has to do with employee mentality and values matter. While an organization can put a lot of policies in place, they cannot make each of these decisions by themselves. This is where culture comes into the picture. Senior authorities must lead by example to maintain a high-value company culture by employing transparent goals, policies, and ESG mission. Employees, customers, and stakeholders must understand what the organization stands for and why sustainability plays a critical role in company efforts. The more the employees can understand ESG benefits and importance, the more likely they will help to drive the company’s sustainability goals.  Forming Sustainable Partnerships  ESG is a huge factor to monitor, specifically for larger organizations. Many companies cannot supervise or measure their sustainable activities daily. When it comes to ESG, organizations cannot fix the E,’ the ’S,’ or the ‘G’ aspects on their own. This is where partnerships become key. Unless businesses are in constant contact with both suppliers and clients within their supply and value chain, they can never know their exact ESG targets.  To gain a better understanding as well as visibility of the involved ESG factors, organizations, agencies, employees, stakeholders, and investors need to collaborate and establish an enhanced communication channel for open and honest conversations. By joining forces, businesses can achieve the targeted ESG factors and commit to long-term sustainability goals that can be realized.  Read more: ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain  A Focused Approach on Lowering Scope 3 Emissions  Scope 3 emissions are all other indirect emissions associated not just with the company but with the organization and its value chain. That involves the emissions of the suppliers it operates with. Scope 3 emissions tend to be the largest when it comes to emissions output. But they traditionally have been ignored in favor of the more direct fixes companies make. While there are many challenges to consider when implementing ESG within a supply chain, Scope 3 emissions take the crown as the most complex to manage.  Why are they tough to manage? The size of scope three as part of the total GHG (Greenhouse Gas) emissions amount to more than 90%. While employee vehicle travel and office emissions are easier to track as they account for less than 10% of the GHG total, the rest is generated within the supply chain.  Tax compliance to shift to tax fairness  Many organizations employ teams of professionals to ensure that they not only are complying with the tax laws in every jurisdiction where they operate but also are paying no more than is legally required. While this approach is completely legal, activist stakeholders are scrutinizing companies to pay their fair share no matter what the law permits. Tax fairness advocates closing tax loopholes, but others advocate for a minimum corporate tax. While this debate will gain strength over the coming months or years, stakeholders are demanding more corporate responsibility in the form of tax payments and other forms of community support.  Walking the Talk Instead of Just Talking  While sustainability is a hot topic, it is still hard to implement it and get it into practice. Organizations often make promises about monitoring their ESG factors but fail to follow through with the entire process. Just issuing marketing and PR statements about achieving the set ESG goals and net-zero targets is not enough. To monitor the ESG policies, enterprises need to establish a strong employee culture, clear policies, and software systems. By integrating their operations with each other, organizations will be able to gain a clear understanding of their company value chains and operations and execute future judgments around sustainability. Establishing Ethics for Compliance Regulations  Supply chains are not lifeless, and hence it is easy to forget that there are real people working within them. State legislation is significantly needed in areas of safety for these out-of-sight employees to eradicate any forms of social inequality or dangerous workplace practices. With compliance on the rise, it is important to employ advanced technology to track, measure, and maintain ethically raising standards. Technology has a crucial role to play. By bringing together ESG solutions, tech innovations can help companies and their suppliers to meet these ethical challenges across the supply chain. With modern technology, issues such as child labor, conflict minerals, and human rights standards are being more easily monitored than ever before. But it is still a huge area for many organizations to manage.  Read more: Is Silicon Valley Still Dominating Global Innovation?  In Conclusion  Environmental, Social, and Governance issues are continuing to create a paradigm shift in the way organizations function. And 2022 is expected to be another big year in the ESG space, with organizations that are slow to adapt will be left behind.  Sustainability is becoming a priority as stakeholders, partners, customers, and suppliers alike are demanding transparency on carbon and social impact, seeking commitments with increased ESG priorities, and targeting firms with shared values for partnerships and business arrangements. While it is not only the right thing to do, but also, a smart business move.  Companies are evolving their ESG strategies to respond to greater challenges. These adoptions determine which enterprises are considered leaders in this field rather than followers. With the bar-raising each year, companies are expected to continue improving their policies rather than resting on past promises and commitments. Institutional leaders are continually advancing their own thinking as they now move forward in this new normal.  With presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, Bengaluru, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.   A leader in ESG Consulting services, SG Analytics offers bespoke sustainability consulting services and research support for informed decision-making. Contact us today if you are in search of an efficient ESG integration and management solution provider to boost your sustainable performance.  


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wearable technology

Wearable Tech: A Promise to Revolutionize Healthcare

Technology has made our lives easier. Be it simple technology like the wheel, or a complex tech like a combustive machine, both possess the ability to perform their actions more efficiently and with ease.  But does the same apply to wearable technology?   How will wearables tech affect the industry?   Will wearable technology alter our perspective on healthcare?  While these are big questions, their answers are just as big.  With the disruptive technology now invading the consumer markets, wearables are demonstrating their potential for efficiency. They possess the ability to streamline how healthcare professionals operate and serve their patients while offering greater efficiency to numerous industrial and commercial applications. Most drugs are expected to work on just 30-50% of patients. But with algorithms, healthcare professionals can turn the reams of data from wearables into bespoke prescriptions and diets for a cure.  The Rise of Wearable Tech  Starting from early diagnosis, wearables can identify subtle changes that otherwise go unnoticed. This is one of the leading factors that will assist healthcare professionals with identifying the symptoms and proposing inexpensive treatment.   Sensors will assist in revealing if an older patient's balance is starting to weaken. People’s gait and arm-swing change in the initial stages of Parkinson’s. Strength exercises can be undertaken to prevent falls and broken limbs. The devices will also help enhance psychiatric diagnosis by tracking patterns of smartphone use without monitoring what people see or search.  Smartwatches, smart rings, fitness trackers, and a rapidly growing array of electronically enhanced straps, patches, and other wearables have the potential to record over 7,500 physiological and behavioral variables. Some of these devices are more useful than others.  Wearable tech like smart rings can help a woman conceive by predicting her menstrual cycle. It can also help in detecting pregnancy less than a week after conception (many women continue to drink or smoke for weeks before they realize they are pregnant). Smart tech offers a promise of seeing patients as individuals, not clones of the theoretical, average human.   Read more: Shopping, Playing, or Working: How Will You Be Spending Your Time in the Metaverse in 2026?  The Looming Drawback  Every tech innovation has its share of drawbacks. These wearables bring along with worries - about health care data, patient details, and health insurance. This data could be abused by device-makers, insurers, or governments. The greatest worry is not whether the technology will reach the people who need it most; the greatest worry about this wearable tech is that the bureaucracy of health care will get in the way. The first responsibility for powering the tech in safer hands lies with the market. Clinical efficacy and privacy are helping doctors, insurers, and governments to sort the good from the bad. And healthcare professionals will have a vital role to play.  The Blessings of Wearables   Wearables can help transform chronic diseases like diabetes. 80% of diseases can be prevented by changing the ways people lead their lives. By using small devices and clever tactics, ways can be incorporated to move more, eat better, and sleep soundly. Continuous monitoring also assists in shifting the balance of care from what doctors provide in the brief occasional office consultation to what patients can accomplish for themselves.  The scale of all this wearable tech promises to be vast. Wearables collect and create data, leading to innovation. Smartphones also serve as a platform for innovators. With wearables acquiring more features, users will be less likely to lose interest in them and put them away.  Technology is enabling healthcare professionals to monitor heart rate, heart rhythm, BP, oxygen saturation, temperature, and blood sugar levels at home. It also helps us to record our daily exercise and the calories burnt. All this can be done on a simple device- a wristwatch that can not only monitor the vital signs but also transmit them to the healthcare professionals on a real-time basis. These dives can also warn patients of an impending medical emergency.  Wearable technology is poised to revolutionize healthcare. The future of healthcare will be remote monitoring and healthcare delivered at the doorsteps.  For patients, the innovation in healthcare wearable devices is just getting started. Wearables and artificial intelligence look are set to reshape health care in big ways that promise to lower the costs of receiving treatments and increase the chances of saving lives.  Read more: Tech Forecast for 2022: Trends That Will Shape the Technology Landscape  The Tech That Has it all  The healthcare industry will have to establish rules to make data ownership and use more transparent for users to comprehend and control what happens with their information. The set standards can assist guide developers in producing usable devices.   Patients’ data tied in the medical-record systems are often clunky. Practitioners will require treatment protocols on ways to use this new tech. Doctors will have to be trained and reimbursed for offering digital treatments and for reviewing the patient data. Governments and insurers will have to work on employing the technology in subsidized healthcare systems. With the rising popularity of wearable tech, it is now time for healthcare professionals and institutions to roll up their sleeves and prepare health care for an era of the quantified self.   What is the Future of Wearables in Healthcare?  Wearable technology will continue to grow and provide substantial benefits for patient care. By integrating improved biometric sensors into remote monitoring products, the healthcare can be conveniently worn by or applied directly to patients to enhance healthcare providers’ capacities to conduct telehealth and home health care. It will also enable patients and their families to spend less time in hospitals for care as it can be delivered economically in an environment where the patient is comfortable.  Moving Forward  Wearable technology is bringing benefits to postoperative patients who have undergone surgeries like total knee replacement, cardiac bypass surgery, angioplasty, and other high-risk operations. These devices will remind the patients to take medications at periodic time intervals, participate in physiotherapy, monitor their physiological parameters, and even alert patients and clinicians when there are significant deviations in parameters.  The use of these wearables will permit healthcare consumers to analyze their biomarkers, receive digital assistance and benefit from their insurance plans. It will allow the medical community to employ biomarker analysis in remote prognosis and treatment. The wearable tech will lead to a huge paradigm shift in the healthcare industry from a sick-care model to a preventive-based model.  Read more: The Future of Healthcare: Top Trends to Watch Out for in 2022  Conclusion   Many champion wearables and data-rich devices have revolutionized 21st-century medicine. These mass-marketed gadgets are likely to drift into obscurity like many technological trends. However, considering their continued popularity, amongst those who already maintain a watchful eye over their everyday lifestyle, health practitioners will have to prepare themselves for an inflow of patients who will bring wearable data to their next consultation.   This will generate additional chaos and anxiety for both practitioners as well as patients. The margin of error due to these wearables could be high if patients without prior medical training tires to attribute symptoms to a specific stream of data from devices. After drawing parallels with patient-obtained diagnoses via Google, less than 5% of surveyed health care providers felt that any Internet self-diagnosis was helpful.  The healthcare sector is a conservative industry. Yet it is slowly risking the uptake of digital medicine not because of legitimate concerns about safety but due to the inertia of regulators, standards bodies, insurers, and medical schools. Behavioral scientists and interface designers will also have to be onboarded to facilitate and develop more personalized, intuitive, and user-friendly systems for engagement and feedback.  With the frameworks in place, wearable devices can become an integral part of the healthcare systems, thus, in turn, kick-starting the development of validation programs that would sit alongside appropriate training for healthcare professionals. This proficiency and understanding could be conveyed to patients when the validated devices become standardized, thus facilitating both individual and aggregated data for patients, governments, and health care providers.   Moving ahead, practitioners and researchers will work together and build a constructive dialogue on approaches to accommodate these technological advances for wearable technology to become an asset for the healthcare sector in the 21st century.  With presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, Bengaluru, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.   A leader in the Healthcare domain, SG Analytics is assisting healthcare companies to leverage the power of information. Contact us today if you are in search of efficient Healthcare solutions to make sound business decisions.  


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Women to Lead and Influence Your Corporate ESG Operating

Why Should Companies Develop Women Leadership to Influence Corporate ESG Operating Models?

A growing tidal wave that is hitting businesses can be summarized as – ESG. The environmental, social, and governance investing movement has not only grabbed the public’s attention but is also rapidly growing on national and international business radars.   ESG, or Environmental, Social, and Governance, is the new movement for clearer corporate accountability in accordance with the growing interest in businesses' environmental and social outcomes. Investors are now considering the risk and value of ESG, as there is a lot of mounting pressure on national and international corporations to incorporate ESG operating models to practice and notify their accountability.  Building a tailored ESG initiative is becoming another measure in future-proofing business operations. But this does not symbolize that it is easy. Successful corporate ESG programs have a lot of shifting pieces, and there is not much room for errors. Companies today are expected to measure and report the ESG impact on their supply chains, general operations, and partners.   Today, women in administration are not only making corporations ready for a net-zero planet but are also impacting the world as thought leaders. Corporates with more women in administration demonstrate a stronger emphasis on the workplace environment and issues, including:  gender-equitable hiring practices  gender-equitable opportunities for growth  women-friendly policies  stronger control over organizations’ strategic direction  greater emphasis on board development  increased transparency and disclosure   The reasons behind the growing influence of women leaders in the ESG space are varied. One of them is the attribute that sustainability requires systems thinking approach. Systems thinking helps place the focus on what is good for the organization, the employees, stakeholders, and the planet. ESG issues influence the entire organization. Onboarding women in leadership helps bring in a deeper acumen of what ESG issues are and how they can impact an organization's value. Establishing an ESG team requires legal experts, internal auditors, technology experts, and communicators. And a commitment to diversity while building this team is not only a critical part of ESG but also an essential component to maximizing success.  Read more: ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain  Challenges in ESG Planning  It is important to take into consideration the most common hurdles faced by organizations while developing an effective ESG plan. Here are the main challenges-  Leadership buy-in:   Before implementing any ESG plan, it is important for the CEO (Chief Executive Officer) to have their business’ top players involved. While ESG falls under the scrutiny of the CFO or Sustainability officer, for a more comprehensive integration, it is imperative for everyone in leadership to be on the same page and follow the same governance standards.  Comprehensive strategic goals:   Once the administration is on board, it is time to develop a strategic ESG plan. This plan should be extensive and define clear expectations based on how ESG will augment existing frameworks and anticipate its effect on products, services, and other vital parts of the business.  Data collection, analysis, and management:   One apprehensive spot in the current state of ESG is the lack of standardization among ESG disclosures. While many organizations report their performance using diverse techniques and metrics, comparing them can be a challenge. Hence collecting, synthesizing, and reporting data, ensures that businesses stay aware of the trending standards.  An inclusive training and communication culture:   With every element of the plan in place, it is time for businesses to start communicating their workforce’s role in the ESG plan and training them. It offers businesses a chance to acclimate their corporate culture and behavior to their ESG principles.  With a strong leader and dedicated team, corporations can create an effective ESG operating model. Let us explore who can be the strong candidates for the leadership.  Read more: Sustainability Tech Innovations that will power 2022   Why Should Corporates Appoint Women as ESG Leaders?  A central issue of ESG is gender equality. Having women represented as ESG decision-makers is key, and corporates consider it. But there is an undeniable value proposition for appointing women as ESG leaders. Here are a few benefits businesses can encounter when women are in charge-  They help elevate the organization's bottom line  Research suggests that gender-diverse organizations are 15% more likely to outperform their peers. Organizations in the top quartile for gender diversity are 35% more likely to witness greater profits. With organizations bringing women into the workforce, they are experiencing a wider range of talents, skills, and opinions to draw from. In this way, women in higher corporate ladders are leading ESG to boost the organization's bottom line.  They bring greater depth to ESG policies  Based on gender diversity, women tend to hold master’s degrees in sustainability, environmental, or energy-related disciplines like environmental science, engineering, and public policy. This expertise makes them immensely valuable to have at the corporate table.  They drive stronger ESG integration  As a consequence of the earlier point, female employees tend to achieve stronger performance during ESG integration. The positive effect of a diverse team on employee engagement helps to build a supportive company culture.  They work towards establishing credibility with stakeholders  Stakeholders are becoming increasingly interested in businesses with the rising ESG investment model. Having women lead the ESG team is a great sign that is indicative that organizations are taking gender diversity seriously.  They boost the corporate citizenship reputation  Having women lead ESG plans, and strategy helps in building the reputation for good corporate citizenship. This is key, especially when publishing sustainability reports, as investors and customers want to see the "talk" in action, especially when it comes to prioritizing social issues.  Read more: Climate Action Warriors – Top 15 Women Leaders Fighting Climate Change  Let's break down the evidence by highlighting the key findings that connect greater gender diversity and ESG (environmental, social, and governance) dimensions of business operations.  Women in Business Leadership: Environmental Performance  Assists in improving environmental performance  Offers more extensive environmental reporting  Delivers a more effective pursuit of environmentally  Supports friendly strategies and initiatives  Women in Business Leadership: Social Performance  Onboarding more female directors are positively associated with:  enhanced CSR (Corporate Social Responsibility) practices in emerging markets  a stronger commitment to CSR initiatives of the organization  higher social performance  better employee engagement  stronger worker relations and better work-life balance  ethical conduct and improved human rights  Women in Business Leadership: Governance  Gender-diverse board leaders are directly associated with enhanced performance. They play a vital role in  generating better returns on assets and sales  strengthening earnings quality  enhancing the firm's culture and value  driving ethical and social compliance  reducing the incidence of unethical practices   Convergence of Varied Perspectives   Experiences and diverse backgrounds in the boardroom help stimulate more robust debate and discussion, thereby driving richer challenges, decision making, and delivering significant value. A gender-diverse board is less likely to fall into the trap of uncertain conclusions and more likely to drive fundamental questions that will empower the business over the long run. Similarly, a diverse team of administrators in the senior leadership cadre presents a breadth and depth of expertise, thus adding value that stems from different experiences and perspectives.   By boosting the diversity of boards and leadership, corporations can focus on environmental, social, and governance considerations and create more value within the business. Plenty of evidence supports having more women in corporate leadership positions and higher profitability. Women leaders in boardrooms are positively related to profitability measures. The impact of women in senior management positions offers a better long-term financial indicator like profitability, stock price, and shareholder returns.  Conclusion  Gender-diverse business leadership is positively connected to ESG performance, and ESG is associated with enhanced company performance and financial performance.  The key to nurturing a vibrant and sustainable organization is to explore ways to get all employees, from top administrators to assembly line workers, to engage in day-to-day corporate sustainability actions. Corporates with ESG-driven leadership programs are empowering women leaders and entrepreneurs to ignite economic access within the ecosystem and build sustainable practices across their business units.  The biggest takeaway is - Women leaders help generate a lot of value for ESG in an organization. By supporting women administrators as ESG leaders, an organization is investing in the future and success of its business.  With presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, Bangalore, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.    A leader in ESG Consulting services, SG Analytics offers bespoke sustainability consulting services and research support for informed decision-making. Contact us today if you are in search of an efficient ESG integration and management solution provider to boost your sustainable performance.   


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pandemic and climate change

Future Pandemics and Climate Change: Is there any Co-relation?

The rising global warming crisis could be fueling future pandemics by dramatically increasing the risk of viruses jumping into humans from other animals. The warming planet will increase the burden of diseases.   Over the course of the next 50 years, climate change could drive thousands of such viruses to jump from one species to another. This shuffling of viruses may potentially increase the risk and cause a new pandemic, a hidden and far-reaching cost of the climate crisis that humanity must pay.  Scientists have long warned that the rising temperature may increase the burden of infections. Malaria, for example, spreads when the mosquitoes that carry it expand their range into warming regions. But with climate change, humanity can usher in entirely new diseases that will allow pathogens to move into new host species.  With the climate crisis, the possibility of animals shifting their habitats to the same places as humans is increasing disproportionately, thereby amplifying the risk of viral spillover. And the current efforts to adopt sustainable means to reduce greenhouse gas emissions may not thwart these events from unfolding.  The rising temperatures will particularly have alarming effects on bats. A winged mammal, bats can travel long distances and are responsible for most of the novel viral sharing.  The Big Number  Based on a recent study - 10,000 - that’s how many viruses there are that are capable of infecting humans. Most of these viruses are silently circulating in wild mammals. While the virus spillover events are usually rare, they have become occurring more frequently due to problems like habitat destruction, which is bringing animals into a closer vicinity to humans. This virus jumping between varied species is also dramatically impacting wildlife as well as conservation.  Climate change is leading to the creation of innumerable hotspots of future zoonotic (viruses jumping between species) risk or presents a zoonotic risk.  Researchers had warned that there are nearly 3,700 different animals that could encounter the 13 species known to harbor the Ebola virus for the first time due to climate change. Such findings are particularly ominous for humans. When the viruses move to a new host species, they adapt and evolve, thus potentially developing in ways that can make them more likely to infect humans.   Read more: ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain  Transmission: The link between climate change and virus jump   Climate changes are increasing the pressure on animal species to migrate and carry with them thousands of new chances for viruses to transmit from one to another in the coming decades.  When viruses begin to jump between host species at unprecedented rates, the effects can be seen in both conservation and human health. This mechanism throws light on yet another layer of how climate change crises are threatening human and animal health. While it still cannot be uncovered how these new viruses affect the species involved, they are translating to new conservation risks and fueling the emergence of novel outbreaks.  Why does it matter?  Pandemics like Ebola, HIV, bird flu, SARS, and even COVID-19 started with spillovers of virus transmission from wildlife and livestock to humans. These events increased the chances of a pandemic.   As per the study published in the journal Nature, climate change crisis and land-use shifts will likely push pathogens' host animals to places where they will mingle with other species. These inter-species connections will lead to the development of reservoirs for viruses, thus threatening endangered species and increasing the chances of pandemics. These species-to-species virus jumps could go undetected if the current surveillance does not watch or monitor the jump from wildlife to humans.  The COVID-19 pandemic is one such case of a cross-species transmission event. The chances of such transmission happening more in the future are highly likely given the changing environment.  How it works? A pathogen's capability to jump from one species to another relies on whether the host gets an opportunity to interact and how similar the two host species are.  With about 6,500 mammals, including humans, on Earth, all are potential hosts for these pathogens. Due to changes in their habitat driven by global warming, many are under new pressure. Only 7% of mammals have overlapping habitats, and about 6% of mammals host the same viruses as other mammal species.  As most jumps to new species are dead ends for these viruses, they do not make their hosts sick and thus fail to spread. But the pathogens that can successfully interact with the host can be devastating, as this could lead to the beginning of a new pandemic outbreak.  Understanding the Big Picture   Climate change is significantly ratcheting up the strain on a wide range of species as their habitats are being altered in potentially irreversible ways.  With human actions driving temperatures upwards, leading to the climate crisis, this process of the beginning of the next pandemic could already be well underway. The efforts to cut greenhouse gas emissions may not be sufficient to stave off the transmission of these viruses between species.  Spotting these host jumps in real-time could be the only way to prevent this process of more spillovers and future pandemics. With the ongoing research, scientists are getting closer to predicting and preventing the next pandemic than ever before. With this big step towards predictions, the world can now start working on the other harder half of the problem.  Regardless of how we mitigate climate change, these viral sharing events will likely take place in the next 20 years and are going to happen. Even if we curb carbon emissions, the growth in viral events cannot be completely prevented, as climate change is already driving them.   With the Earth's climate continuing to warm, researchers are predicting that the crisis will force wild animals to relocate their habitats to regions with extensive human populations. The increasing risk of this viral jump could usher in the next pandemic.  Read more: Climate Action Warriors – Top 15 Women Leaders Fighting Climate Change  Key Takeaways  With the world getting warmer, many animals will be compelled to find new locations to live, thus taking any parasites and pathogens they carry along with them.  Climate change will most likely alter the geographic range of around 3,100 mammal species, and this might influence the transmission of viruses between species.  Even under the most favorable climate forecasts, researchers are predicting that climate change will trigger at least 15,000 new instances of viruses transiting between species.  Researchers have predicted that these spillover events will be driven by bats, which can travel extensive distances and will likely carry pathogens that would infect humans.  While it cannot be precisely predicted how the new viruses will affect the species involved, researchers are suggesting that they will fuel the novel outbreaks in humans.  The Bottom Line  Climate change or climate crisis are poised to become the most significant upstream risk factor for infection emergence. The crisis is likely to surpass deforestation, wildlife trade, and even industrial agriculture. It is now time to focus our efforts on addressing land-use changes along with ways to mitigate these occurrences. Climate change and land use are correlated. Over time climate change will evolve and become an even bigger driver of these events. This crisis shows evidence that the coming decades will not only be hotter but sicker.   Scientists are pointing toward practical solutions to this new predicament, and there is still a ray of optimism for humanity. These solutions involve pairing wildlife disease surveillance with real-time studies of tracking environmental changes.  With the planet being already 1.1 degrees Celsius warmer than it was in the 19th century, climate-driven spillovers may start long before 2070. Even if the world collectively succeeds in keeping the warming in this century under 2 degrees Celsius or 3.6 degrees Fahrenheit - an internationally recognized upper limit for global warming - it is hard to deduce if we will be reducing future viral sharing or not.  With presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.    A leader in ESG Consulting services, SG Analytics offers bespoke sustainability and ESG consulting services and research support for informed decision-making. Contact us today if you are in search of an efficient ESG integration and management solution provider to boost your organization's sustainable performance.    


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SEC Climate report

Climate Crisis - SEC Proposes New Climate Disclosure Requirements

The Securities and Exchange Commission (SEC) presented rule changes that require registrants to include specific climate-concerning disclosures in their registration statements and reports. This data includes details about climate-related risks that are likely to have a material impact on their business.   The required data about climate-related risks will also highlight disclosure of the registrant’s greenhouse gas emissions, which is now becoming a commonly used metric to assess a registrant’s exposure.  The Proposed Rule would require companies to:  Provide climate-related disclosures in a separately captioned section of their registration statement.  Provide climate-related financial statement metrics addressing its impact.  The mitigation and transition expenditures along with related estimates and assumptions.  Company’s financial statements, addressing the influence of online items.  Narrative and quantitative climate-related disclosures.   This long-awaited proposal tracks months of discussions at the SEC and represents a major victory for the Biden administration’s environmental agenda. While it may not directly regulate climate change impacts, it will help in improving transparency around climate risks and enhance the accountability for climate-related claims and goals. This is being considered a significant leap forward in response to climate change.   Read more: Climate Action Warriors – Top 15 Women Leaders Fighting Climate Change  The SEC Rule Background  The proposed enhances and standardizes the climate-related disclosures required to be enclosed by public companies. As per the SEC's proposed rule, investors represent tens of trillions of dollars supporting climate-related disclosures as they recognize that climate risks pose consequential financial risks to companies. Investors today demand reliable information about climate risks to make informed investment decisions.  Under the proposed rule, public company registrants would be mandated to provide disclosures about greenhouse gas emissions, financial statement disclosures, and qualitative & governance disclosures within their registration statements and annual reports.  The SEC Proposed Rule Characteristics: The Proposed Rule would mandate public companies to provide climate-related disclosure in periodic reports concerning:  the governance of climate-related risks by the company’s management  the company’s processes to identify, assess, and manage climate-related risks   Scope 1 and Scope 2 GHG (Greenhouse Gas) or greenhouse gas emissions, separately disclosed and expressed in absolute terms   Scope 3 GHG emissions and intensity  Focused on climate risks and climate-related disclosures, the proposal will benefit companies and investors alike on the road toward fighting the global climate crisis.     Key Components of the Proposed Disclosures   The proposed disclosure framework released by SEC has modeled on certain aspects of the disclosures registrants as a part of the voluntary framework and recommendations. The disclosure framework will be applicable to both domestic registrants and foreign private issuers (FPIs). It would require them to publicize information about:  Financial statement footnote  The influence of climate risks on strategy & business model  The impact on business and financials  The governance of climate-related risks  Risk management disclosure  GHG emissions metrics  The proposed release cited certain aspects of the disclosure's registrants under existing disclosure frameworks and standards. Registrants will be mandated to provide the following types of disclosures:  The expenditures related to mitigating the risk of severe weather events and other natural conditions and transition activities.  The impact on financial statement line related to severe weather events like increase in loss reserves.  The affected estimates and assumptions are reflected in the financial statements due to severe weather events.   Read more: Creating Value for Climate Change Crisis Through the Lens of Private Equity  GHG Emission Disclosures  Scope 1 and Scope 2 GHG or greenhouse gas emissions from a registrant’s owned or controlled operations and purchases would be required to be separately disclosed on a disaggregated and aggregated basis. This disclosure would be mandated on a gross basis and will be relative to the intensity.  The Scope 3 GHG emissions from indirect upstream and downstream activities in gross terms and relative to intensity will also be required to be quoted if the registrant has set a GHG emissions target, including Scope 3 emissions. This Scope 3 GHG emission disclosures will be subjective to securities law safe harbor provisions.  Business and Financial Disclosure  The climate-related risks on the business and consolidated financial statements over the short-, medium-, or long-term period. In the proposal, the climate-related risks are defined as actual or potential negative influence of climate-related conditions and possibilities on the registrant’s consolidated financial statements and value chains.   A registrant will be instructed to describe how it defines its short-, medium-, and long-term time horizons, along with how it takes into consideration the expected useful life of assets for planning processes and goals.  The proposed release also demands the disclosure of both acute risks and chronic risks, along with specific insights regarding the location and nature of properties, processes, or operations.  Qualitative Disclosures  It highlights how climate-related risks   a) had or are likely to have a material impact on the business and its financial statements.  b) affected or are likely to affect the registrant’s strategy and business framework.  It will track the registrant’s processes of detecting, evaluating, and managing climate-related risks and study its broader risk management program.  If the registrant utilizes an internal carbon price, it will mandate the declaration of the registrant’s internal carbon price and how the price is determined.  If a registrant has adopted a climate transition plan, they should describe such a plan along with the relevant targets and metrics.  They should also highlight the scope of activities encompassed, the envisioned time horizon, and the established interim targets.  Additional Disclosure  The SEC proposed rule will mandate the disclosures for the registrant’s recently completed fiscal year and for their historical fiscal years included in the consolidated financial statements.  The disclosure would also include a description of the methodology, inputs, and assumptions used to calculate the GHG emissions metrics.  How will the Proposed Rule Impact Private Companies?   The Scope 3 emissions disclosure requirement will likely have a substantial impact on private companies and foreign companies not subject to the regulation. Many suppliers or customers who have received loans or investments from public companies will be subject to this proposed rule. These non-subject companies will face pressure to announce their emissions to enable reporting of Scope 3 emissions by public companies that fall under this rule.   It will also drive the market expectations to enclose the same disclosure in private securities offerings under Rule 144A, where it is a standard practice to follow disclosure rules applicable to public securities offerings. In addition, the considerable costs and burden of complying with this Proposed Rule will further discourage private enterprises from going public or potentially influencing public companies to go private.  Read more: ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain  Key Takeaways  The climate-related risks are likely to have a material impact on a public company’s business, their results of operations, or even financial condition.  The greenhouse gas emissions associated with the public company will include an attestation report by a GHG emissions attestation provider.  Climate-related financial metrics will be mandatorily included in a company’s audited financial statements.   Next Steps to Follow   The Proposed Rule will likely remain available for public comment. Companies need to consider whether they hold specific cost, feasibility, liability, or other concerns regarding the Proposed Rule that may certify participation in the public comment process, either on their own or as part of a coalition.  The SEC Proposed Rule is expected to be challenged with respect to the SEC’s statutory authority to pass comprehensive climate disclosure regulations in the absence of explicit Congressional authorization.   Under the proposed rule changes, the accelerated and large accelerated filers will be required to include an attestation report from an independent attestation service provider covering emissions disclosures. This will assist in promoting the reliability of GHG emissions disclosures for investors. The proposed rules will also include a phase-in period for all registrants, with the compliance date dependent on the registrant’s filer status.  The proposed rule will significantly modify the climate-related disclosure requirements for public institutions. For most businesses, the effort required to comply with these disclosure requirements will be influential, and the time to begin preparing for this is now.   With presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.   A leader in ESG Consulting services, SG Analytics offers bespoke sustainability consulting services and research support for informed decision-making. Contact us today if you are in search of an efficient ESG integration and management solution provider to boost your sustainable performance.  


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sustainable innovation

Sustainability Tech Innovations that will power 2022

The sustainability space is a hub for technological advancements.  The rising global eco-consciousness and increased awareness of consumers are pushing enterprises to build sustainable innovations that support ecological conservation. As a result, environmentalists, engineers, and scientists are concentrating on utilizing sustainable tech to minimize energy-related greenhouse emissions. Consumers today are becoming more eco-conscious, compelling corporations to explore ways to innovate in sustainable tech.   Organizations are employing means to change the way they interact with audiences. With a greater push for sustainable products and technologies, the world has reached a critical point with concerns about climate change. Innovators and enterprises are stepping up to build a greener future.   During the 2021 Asia-Pacific Climate Week (APCW), the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) set forth the goal of establishing a net-zero emission goal by 2050. Countries are adopting green technology and infrastructure to accomplish this objective.   Here are some top incredible examples of sustainable innovation that will change the world and pave the way to build a more sustainable way of living.    Read more: Tech Forecast for 2022: Trends That Will Shape the Technology Landscape  Top Sustainable Innovations that will power 2022  Biodegradable Food Packaging  The world is estimated to produce about 300 million tons of plastic waste every year. This is nearly equivalent to the weight of the human population. Nearly 50% of the produced plastic is used once and thrown away.   While single-use plastic is a recipe for disaster for mother earth and the environment, the food and beverage industry are a major perpetrator.  As per the report published by Greenpeace Korea, about 78.1% of domestic plastic waste comes solely from food packaging used daily.  To avert the hazards of food packaging, startups are working towards designing and curating biodegradable food packaging that will help limit the use of single-use plastic.  A Boston-based start-up by the name of Mori has developed a plastic-like food wrap made from natural silk protein. Used in place of a thin plastic film or packaging, it helps to keep food fresh when it is shipped to stores. Being fully natural, unlike plastic, it is completely biodegradable. Nature-inspired protection for all kinds of foods produced from protein will help reduce the use of single-use plastic, and their all-natural protective covering will even help to double the product’s shelf life.  Delivery Robots to help Reduce CO2 Emissions  Organizations are changing the way food is delivered to our doorsteps. An innovative solution provider, Kiwibot is transforming the way food is delivered by offering solutions that will considerably cut down on CO2 emissions.   If essential measures are not taken, it is projected that carbon emissions due to food delivery will rise by 32% by 2022, equating to around 6 million tons. Much like existing food delivery apps like DoorDash or UberEats, Kiwibot will enable consumers to order their food from listed restaurants in their local area. But instead of dispatching a delivery person, the food is delivered by a Kiwibot, an autonomous robot on wheels. To date, Kiwibot’s 400 robots have completed over 150,000 deliveries, making it the number one robot delivery platform globally.  Electric Public Transportation  While Asia accounts for a high quantity of greenhouse gas emissions, its cities are bearing strides toward sustainability. Certain Asia Pacific regions are paving the path to emission-free public transportation systems by operating electric buses to support transit needs without worrying about tailpipe emissions.  Researchers are predicting that 704,000 vehicles will drive the electric bus market by 2027. Environmentalists are hoping for a transition and minimizing the region’s dependence on oil and gas, thereby supporting the reduction of the greenhouse effect. Many cities are working on swapping their lighting systems with new light-emitting diode (LED) bulbs. These technological innovations will significantly help in improving energy efficiency, decreasing its reliance on emission-producing supplies.  Read more: ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain  Sustainable City Planning  The earth is racing towards global warming at a fast pace. In just a few decades, the planet will eventually warm to levels it has not reached in at least 34 million years. This could lead to melting glaciers and floods more than ever before. This will likely cause significant changes in urban vicinities such as heatwaves, higher rents, and diminishing resources.   Many startups are now working towards transforming urban spaces into sustainable and affordable communities. By partnering with city organizations and corporations, they are creating new models for city planning that are built on a sustainable framework.  Sidewalk Labs is one such startup that comprises a multidisciplinary team of engineers, technicians, and city planners working towards designing technologies and spaces that are affordable as well as sustainable.  By using generative design services and leveraging the power of AI and machine learning, a framework can be built that will help city planners to design spaces that meet everyone’s requirements, along with ensuring that the cityscapes can adapt to the changing times.   Battery Refinements   Lithium is the new form of oil. With the surge in electric vehicles (EVs), manufacturers are planning to make up for lost ground in terms of production delays from the pandemic. Every organization is now racing to secure the supplies of lithium batteries. With lithium prices soaring, there is an added limelight that is forcing lithium miners to clean up their acts and think from a sustainable perspective.  Investors and consumers today simply do not support unsustainable practices anymore. In this quest to build a more sustainable future, an electric car is just not enough. Technology at the forefront should help lithium step up its game.  Electric Fleet Trucks  The Asia Pacific Region is embracing electric fleet technology to enhance shipping and transportation sustainability. Countries including Thailand, Japan, and China have embarked on this sustainable journey and established a transition toward electric vehicles, especially in the realm of the commercial sector. Shipping companies are expressing their willingness to adapt to sustainable technological innovations like electric fleets to reduce their carbon footprint.  Carbon Capturing  A sustainable tech advancement that will assist in reducing emissions is the carbon capture and storage (CCS) system. Installation of this technology at high-emission sites, including power plants or cement manufacturing facilities, will enable energy professionals to capture and separates carbon dioxide from other pollutants by placing them in transportation pipelines, vehicles, or ships.   The Benefits of Embracing Sustainable Tech   Individuals, organizations, and governments are adopting sustainable tech to be able to conserve local ecosystems and protect natural resources and biodiversity. These technological innovations are assisting in improving regional air quality and protecting health and well-being. These green technologies will become more affordable and accessible with more research and development, thus offering realistic long-term solutions.  Read more: Top Media & Entertainment Trends to Watch Out for in 2022  The Future of Sustainable Innovation  While 2021 was perceived as unpredictable, 2022 is being considered fleeting.  2022 is expected to accelerate sustainability trends in every sector. By employing a wide spectrum of techniques, organizations are working towards developing solutions to solve the most pressing societal sustainability disparities through collaborations with other enterprises, public health professionals, local governments, and technology partners. This cross-sector of intervention will help democratize technology and present means to rectify sustainability solutions for wide-scale industries.  With 2022 presenting new avenues, businesses are taking a fresh look at sustainability and where it is headed globally. With innovative tech driving the global discussions, sustainability will experience one of the greatest impacts in 2022. Now, the world is adopting some of the most interesting sustainable innovations to survive and save the planet.  When exploring the sustainability trends that will influence the tech landscape, organizations must bear in mind the ground formulated by 2022 – a breakthrough year for sustainability.  With a presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, Bangalore, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.    A leader in ESG Consulting services, SG Analytics offers bespoke sustainability consulting services and research support for informed decision-making. Contact us today if you are in search of an efficient ESG integration and management solution provider to boost your sustainable performance.   


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silicon valley

Is Silicon Valley Still Dominating Global Innovation?

Silicon Valley, today, remains the world's leading technology and innovation hub.  For many years, Silicon Valley has been the birthplace of high-growth expertise corporations. This small patch of land has given the tech world some top corporations like Hewlett-Packard (based in Palo Alto in 1939), Apple (Los Altos, 1976), Google (Menlo Park, 1998), and Uber (San Francisco, 2009). The valley in 1999 started attracting a 3rd of worldwide VC funding. By 2011, 20 of the world’s 27 unicorns were headquarters in America.  The diffusion of capital in Silicon Valley displays the big progress in tech in recent times that lifted many boats. However, it has endured all the past ups and downs of the funding cycle. When the tech valuations slid  during the fourth quarter of 2021 and the first quarter of the year 2022, the share of funds flowing to companies exterior America remained excessive at 51 percent.  Hyper-localization indicates that every hub is distinct. Today 70 percent of South-East Asian unicorns and 80 percent of Latin American ones are in fintech or client web. This increase in tech clusters globally has been fueled by several structural developments. With the worldwide unfolding of high-speed web and smartphones, startups can serve their clients all over the place from wherever. This fast expertise adoption has made the market a lot deeper.  At the same time, progress charges in mature markets have slowed, and competitors for investments have risen. Enterprise capitalists have begun wanting elsewhere for their subsequent massive wager. The pandemic urge of all digital issues has fueled these tendencies.   Read more: Bias in Artificial Intelligence: Is Diversity the Key to the Future Of AI?  The Rise of Silicon Valley  Even after decades of bafflement, the world is still struggling and working towards guessing the secret of Silicon Valley’s success. It is true that the towns and cities at the San Francisco Bay’s southern end have plenty of tech talent, but that is scarcely an explanation. These ambitious young engineers and innovators are working toward innovating the world when they can just work about anywhere they choose.  But the riddle remains unanswered.   The surrounding area of Silicon Valley has its share of universities, government research centers, and commercial labs. And a start-up could hardly ask for any more encouraging circumstances. This large pool of highly educated workers, access to plentiful venture capital, and a highly risk-taking culture it has all that a startup truly requires.  But Silicon Valley enjoys zero monopolies on any of those features. The capitalism practiced previously in Silicon Valley was much more strategic than was known publicly. Capital did not chase opportunity as most of the startups believed but forced those seeking capital to migrate to SV. As the tech economy became more important, the supercluster in SV had a hollowing-out effect on the rest of the world. Major firms started raising massive funds and going global, while governments began working strategically with local funds. Though small clusters were formed in Boston, San Diego, and Seattle, the states are lagging way behind purely due to private efforts or state-led efforts.  Silicon Valley is home to 136 unicorns, still more than any other place in the world. Unicorns can be located in 45 countries; of those, more than 1,000 trot the globe. Nearly half of the unicorns reside outside America. The percentage of venture capital flowing into the startups in America has fallen from 84% two decades ago to less than half.  But why does America have a larger share of unicorns?  Many factors affect a city’s perception as an innovation hub. The factors include accelerators, tech parks, corporate investment, state-of-the-art infrastructure, and a few wildly popular success stories.  Read more: Thinking of Crypto Investments? Watch out for the Ten Common Mistakes  Three Critical Ingredients for Startup Success   A deep pool of talent   A deep talent pool is the most prominent ingredient of a successful cluster. Silicon Valley benefits from proximity to innovative brains such as the University of California, Stanford, and Berkeley, which enlists the best and brightest like elite minds. Such elite units are an immediate signal for a venture capitalist flow. Investors back startups that seek or hire young technologists.   Openness to people and ideas  Migrants are a disproportionately ambitious bunch. Around 60% of America’s most valuable tech organizations were formed by immigrants or their children. European hubs, including Berlin, London, and Paris, are home to ten or more unicorns and have large immigrant populations. China lacks the foreign founders' space, but its startup hubs like Shanghai and Shenzhen draw a plethora of returnees who studied or worked abroad.  The presence of local risk capital  For a startup to thrive, it needs support from those who understand the ecosystem and are willing to feed it. These supports can be founders and employees of previous startups who go on to become angel investors for the next generation. A local capital base also stimulates important types of risk-taking. It empowers employees to leave existing firms and join or even start competing startups.  While the significance of expertise, openness, and dangerous capital will persist, the startup clusters are thriving due to a mixture of the three. The globalization of venture capital is gaining momentum with the asset bubble expansion and diversification of VC.  Redrawing the Map of Startups  Innovation has become decentralized globally, and some cities are now making great progress while others are still tackling the macroeconomic and infrastructure challenges.   Today younger companies are starting to eye a wider area to arrange and mature as a venue for bold technologies. Different from Silicon Valley, the new bursting startup in Beijing, London, Bengaluru, and Singapore are in their earlier stages of hub-dom. All startups enjoy a huge pool of technical talent, deeper network links to other parts of the world, and local risk capital. Together, these upcoming startups are redrawing the map of global innovation and creating one that is more diverse and competitive.  Younger innovation hubs like Bengaluru, São Paulo, and Singapore are coming up more alike in their focus which is regional rather than global. Instead of breaking new ground, they are adapting to existing business models to cater to their local market conditions.   But many of these new clusters look different from the original ones in Silicon Valley. They differ from each other in many aspects. Like Silicon Valley, the more mature hubs tend to spawn more deep tech firms working in intricate areas like artificial intelligence (AI) and other sophisticated software aimed at corporate customers.  Read more: ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain  To Sum Up:  Even today, Silicon Valley is one of the distinguished sources of innovation that dominates the tech world around the globe. A special trait that distinguishes Silicon Valley’s firms from other companies is the ability to integrate innovative strategies with their business strategies. That one trait makes the difference between success and mediocrity.  The corporate culture of a Silicon Valley firm is two and a half times more likely to be adjusted to the company’s innovation strategy. Coordination like that plays big dividends.   While corporates globally aim to grow far more vigorously when compared with Silicon Valley, they lack specific factors.  The pandemic showed that the clustering of talent across the globe, while still important, is not driving innovation anymore. About 30 percent of India’s present herd of 60-odd unicorns' primary goal is to capture the worldwide market. And new cities across the globe are joining the club and becoming a part of the ranks of tech hubs. Nigeria’s business capital, Lagos, is becoming a poised nation to develop into the dominant participant.  With the youthful clusters maturing, Silicon Valley is steadily offering more options to innovate extra superior tech. They are now developing a deeper sense of global mindedness . The credit for the success of Silicon Valley has more to it than geography and corporate culture.  What does the future of Silicon Valley hold?  With presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide.   A leader in the Technology domain, SG Analytics partners with global technology companies across market research and scalable analytics. Contact us today if you are in search of combining market research, analytics, and technology capabilities to create compelling business outcomes driven by technology.


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