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ESG and AI: 61% of people believe bots will succeed where humans have failed with corporate sustainability

People around the world are demanding more progress on environment, social, and governance (ESG) efforts and are looking to businesses to spark change, according to a new study, “No Planet B: How Can Businesses and Technology Help Save the World?” After surveying more than 11,000 consumers and business leaders across 15 countries, the study found that people are frustrated with the lack of progress society is making toward sustainability goals. They want businesses to step up and redefine what best looks like when it comes to ESG—and they believe that technology can make more of an impact than human efforts alone.

No Planet B: How Can Businesses and Technology Help Save the World
Read No Planet B: How Can Businesses and Technology Help Save the World
70%
of people would cancel their relationship with a brand that does not take sustainability and social initiatives seriously
89%
of business leaders believe organizations that use technology to help drive sustainable business initiatives will be the ones that succeed
91%
of business leaders want to increase their investment in sustainability
ESG and technology

Pamela Rucker, CIO Advisor and Instructor for Harvard Professional Development, shares why future growth depends on the ESG decisions companies make today.

Key highlights from the study

Find out how artificial intelligence (AI) and individuals can jointly boost your sustainability and social responsibility efforts.

Oracle makes it easier for us to get an overview of our spend and environmental impact, loads, carrier management, and even how we interact with our logistics providers.”

Optimizing data to get results

91% of business leaders are facing major challenges in making progress on sustainability and ESG initiatives, including:

  • Challenges in obtaining ESG metrics from partners and other third parties
  • Difficulty tracking progress due to a lack of data
  • Time-consuming manual processes to report on metrics
  • Complexities of integrating data from across global supply chains
See how AI helps you plan for sustainability
See how AI helps you plan for sustainability

Saving the planet with AI

93% of business leaders would trust a bot over a human to make sustainability and social decisions because bots are better at:

  • Collecting different types of data without error
  • Making rational, unbiased decisions
  • Predicting future outcomes based on metrics/past performance
  • Identifying new ways to tackle an issue
  • Being able to determine necessary steps to meet goals
Hear how 10 leading organizations are embedding D&I throughout their business (PDF)
How 10 leading organizations are embedding D&I throughout their business (PDF)

Implement robust diversity, equity, and inclusion (DEI) programs

69% of survey respondents would leave their current company to work for a brand that takes DEI more seriously. In fact:

  • Organizations that don’t institute and evolve robust DEI programs risk a shrinking candidate pool, reduced market share, and lost profitability
  • 83% of people would be more willing to work for organizations that take action and are able to clearly demonstrate the progress they are making on environmental and social issues
  • A growing number of laws and requirements are being enacted to support greater diversity in the workplace
See how our customers are creating a sustainable future (1:20)

Collaborating across lines of businesses

Business leaders understand the importance and urgency of environmental and social equity programs. 94% believe sustainability and societal metrics should now be used to inform traditional business metrics, such as:

  • Supply chain management
  • Product development
  • Logistics and distribution
  • Marketing
  • Sales
  • Talent retention and recruiting

Explore more resources to help you advance your ESG efforts

Oracle’s complete cloud suite of SaaS applications helps you with ESG reporting, compliance, and finance, operations, and HR management.

Read how Oracle solutions help you meet your ESG goals

Reporting on ESG initiatives is no easy task. Learn best practices for ESG planning and reporting to help you plan for a sustainable future.

Get your guide to tracking ESG efforts with intelligent reporting

In this podcast, Oracle Chief Sustainability Officer Jon Chorley talks about how CFOs can play a key role in ESG initiatives.

Listen to ”The Rise and Importance of Corporate Sustainability” (20:00)

Learn about Oracle's other sustainability initiatives

Take action on your ESG goals with Oracle Cloud and AI

ESG programs matter a great deal to your customers, employees, and partners. Oracle’s next-generation cloud infrastructure and built-in AI technologies can help you overcome the challenges and complexities involved to set you up for ESG success.