Notable examples of countries and regions that have proposed or adopted ESG regulations include: These factors have been identified as major contributors to biodiversity loss and environmental degradation, ultimately impacting global climate change.ĮSG regulatory requirements are becoming increasingly prevalent globally. This includes the management of GHG emissions, waste, and air and water pollution. Its principles are based on assessing an organization's commitment to sustainability goals by incorporating ESG factors. The ESG framework provides guidance to stakeholders in understanding and implementing practices that minimize greenhouse gas (GHG) emissions and promote sustainability. It established the overarching goal of keeping the increase in the global average temperature to well below 2☌ above pre-industrial levels, with the aim of achieving net zero CO2 emissions by 2050. The 2015 Paris Agreement played a significant role in elevating the significance of the Environmental, Social, and Governance (ESG) framework. Sangfor Cloud solutions can play a significant role in supporting tech leaders on their ESG journey and contributing to the overarching goal of creating a sustainable future. This emphasizes the crucial role of tech leaders in aiding their organizations in reducing CO2 emissions and transitioning towards carbon neutrality. A recent analysis conducted by a global market intelligence and advisory firm in collaboration with the World Economic Forum revealed that digital technologies, such as hyperconvergence and hybrid cloud, hold the potential to significantly reduce CO2 emissions and align with the International Energy Agency's net-zero trajectories by 2050. Embracing sustainable solutions through ESG practices also presents an opportunity for organizations to enhance business resiliency in the long term. However, achieving the COP21 Paris Agreement's net-zero target by 2050 will require the participation of all nations, industries, and people. Abstract > The ESG framework will encourage more organizations to adopt sustainable and renewable practices necessary to address global climate change.

Download hpe mission critical