• About
  • Subscribe
  • Contact
Thursday, May 8, 2025
    Login
FutureIOT
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
FutureIOT
No Result
View All Result
Home Industry Telecommunications

ESG: why telcos will lose enterprise accounts

FutureIoT Editors by FutureIoT Editors
December 6, 2023
Photo by Troy Squillaci: https://www.pexels.com/photo/silhouette-photo-of-transmission-tower-on-hill-2525871/

Photo by Troy Squillaci: https://www.pexels.com/photo/silhouette-photo-of-transmission-tower-on-hill-2525871/

For global telecoms service providers focusing on multinational corporations (MNCs) and large enterprises, the oversight of social and governance (S&G) reporting poses significant risks. Neglecting these crucial aspects may jeopardize their standing in an increasingly ESG-focused business landscape.

Recognising the impact of S&G factors is imperative for telcos navigating the complexities of corporate partnerships and global enterprises, suggests GlobalData.

GlobalData’s analysis of 11 global telecoms service providers finds that they are improving performance in terms of gender, minority, LGBTQ+, and disability balance, with most working from historic baselines and setting targets for future ratios.

These metrics are becoming increasingly widely adopted and assessed by independent third parties. No longer a “nice to have,” they can make a positive commercial contribution – or can cause significant damage if not adhered to or found to be false.

Robert Pritchard, principal enterprise technology and services analyst at GlobalData, comments: “It is widely recognised that a diverse workforce is better at decision-making, problem-solving, and innovating by avoiding groupthink and rearview mirror planning. Managed well, S&G improves engagement with talent, customers, suppliers, communities, and governments.”

Governance issues such as modern slavery, tax compliance, and ethical operating practices should always be a given – if not, failure can result in loss of business or the demise of the service provider, with WorldCom perhaps the most obvious historical example in telecoms.

“Service providers are also investing in employee training, contributing to the communities in which they work through technology initiatives to breach the digital divide, volunteering schemes that also work as team building exercises, as well as many broader activities to ‘give something back.’ Standards of support for employee health and wellbeing have also progressed substantially, again helping productivity and talent retention.”

Robert Pritchard

He observes that S&G has evolved from the fairly haphazard world of diversity, equity, and inclusion (DE&I) and can be seen as the poor cousin of Environmental issues in ESG, but together they all point the way forward – and tech companies as a sector can be proud to be leaders in this field.

Related:  Tuya Smart gets TÜV SÜD safety certification for smart devices
Tags: ESGGlobalData
FutureIoT Editors

FutureIoT Editors

No Result
View All Result

Recent Posts

  • AI to fuel the rise of zero touch networks
  • Surge in ambient IoT to pave the way for sustainable tech
  • Imbibing AI skills into Singapore’s future workforce today
  • Asia Pacific's AI ambitions hinge on next-generation networks
  • Gartner urges supply chain leaders to adopt cost-to-serve model

Categories

  • Agriculture
  • AI and Machine Learning
  • Application
  • Application and Middleware
  • Automotive
  • Banking and Financial Services
  • Big Data and Analytics
  • Blockchain
  • Case Studies
  • Change Healthcare
  • CHRO
  • Cloud and Platforms
  • Commercial
  • Construction
  • Consumer
  • Customer Engagement
  • Devices
  • ESG
  • Future Workplace
  • FutureCOO
  • Governance, Standards and Regulations
  • Government, Healthcare and Education
  • Hospitality and Tourism
  • Industrial
  • Industry
  • IT-OT integration
  • Manufacturing
  • Networking
  • Operations
  • Research and Development
  • Retail and E-commerce
  • Security
  • Sensors and Instrumentation
  • Smart Cities
  • smart contracts
  • Smart Home
  • Start-ups
  • Supply chain
  • Technology
  • Telecommunications
  • TIBCO
  • Transportation and Logistics
  • Videos
  • Whitepapers

About FutureIoT

Asia’s ONLY dedicated IoT publication

The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

Quick Links

  • Subscribe
  • Contact
  • Privacy Policy
  • Cookie Policy
  • Terms of Use

Categories

Recent News

Photo by Polina Tankilevitch: https://www.pexels.com/photo/hand-of-a-woman-showing-palm-with-a-word-no-4830656/

AI to fuel the rise of zero touch networks

May 8, 2025
Photo by John Tekeridis: https://www.pexels.com/photo/round-grey-speaker-on-brown-board-1072851/

Surge in ambient IoT to pave the way for sustainable tech

May 7, 2025
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe