2023-07-24 01:01:46
Singapur (ots/PRNewswire) – Global think tank DQ Institute introduces the digital ESG assessment and reporting standards, which aim to address digitally-related risks while promoting a human-centric approach to technology in the AI era
DQ Institute, a renowned global organization dedicated to setting global standards for digital intelligence, is proud to announce the launch of Digital ESG Scoring and Reporting Standards in collaboration with Taejae Future Consensus Institute, a leading think tank in Korea. The “Digital Age, A Pathway to Sustainability” forum was held on July 13 at the Korean Foundation of Advanced Studies, attended by Ban Ki-moon, the eighth UN Secretary-General, Irina Bokova, former Director-General of UNESCO, Kim Yong-Hak, former President of Yonsei University, and Dr. Yuhyun Park, founder of DQ Institute.
In response to growing concerns regarding the existential threats posed by AI, the DQ Institute aims to ensure that AI and other digital risks such as child safety online, fake news, cyberattacks, tampering and invasion of privacy are mitigated while addressing environmental, social and governance issues. Therefore, the launch of digital ESG assessment and reporting standards is an important milestone in setting a new global agenda. The guidelines provide a comprehensive checklist and framework for companies and investment communities to address digital risk while promoting “human-centric technology” in the AI era.
The rapid development and widespread implementation of AI, big data, analytics and other new technologies have triggered a profound digital transformation in companies of all industries. However, this shift has also brought with it various digital risks. While the United Nations Sustainable Development Goals (SDGs) and existing ESG frameworks primarily focus on climate-related issues, issues related to digitalization have not yet been adequately addressed. This loophole has allowed companies with potential or existing negative impacts on the digital environment to evade their ESG responsibilities without significantly jeopardizing their investment portfolio or reputation. Integrating digital ESG into sustainability strategies can strike a balance between harnessing the potential of technology while protecting citizens, the digital and physical planets and global society.
Mr. Ban Ki-moon, the 8th UN Secretary-General, commented: “The private sector plays a critical role in making sustainability a reality and must be held accountable in terms of environmental, social and governmental, official or corporate governance (ESG). Digital components need to be incorporated into ESG as we seek to update our sustainability goals as the global race for AI dominance continues. We need to expand the traditional ESG framework to include different aspects of companies’ digital activities, e.g. E.g. digital inclusion, digital skills, digital safety, digital rights and more.”
In view of these challenges, DQ Institute emphasizes the urgency of addressing critical issues such as human-centric technology initiatives, improving environmental aspects through cross-economy measures, digital human capital development, digital inclusion, digital security and stakeholder well-being, data security and system reliability, digital rights and ethics, and digital communication and stakeholder engagement.
Miss Dr. Yuhyun Park, founder of DQ Institute, said enthusiastically: “We are very proud to present our new digital ESG scoring and reporting standards at a valuable event with high-level guests. Our goal is to provide industry leaders with a practical tool and guide to help any organization adopt AI and digital technology. Digital ESG empowers companies to drive their technological advances with transparency, accountability and ethical standards. Digital ESG enables organizations to maximize their power and resources while minimizing their damage and control.”
DQ Institute has also developed the TDFD (Taskforce on Digital Financial Disclosures), an initiative composed of organizations and individual members from all sectors, academia, financial institutions, corporations and government, to help organizations adopt, integrate and report on digital ESG objectives that go beyond risk management strategies and lay the foundation for a purpose-driven business model, operation and management that enables companies to make positive contributions to society through their digital activities while maximizing their profits ing.
If you would like to learn more regarding the TDFD (Taskforce on Digital Financial Disclosures) and the digital ESG scoring and reporting standards, please visit
DQ Institute
The DQ Institute (DQI) is an international think tank dedicated to setting global standards for digital intelligence and ensuring the safety, empowerment and well-being of individuals, organizations and nations in the digital age. Its DQ framework has been recognized as the global standard for digital literacy, skills and readiness (IEEE 3527.1TM). DQI operates as a 501(c)(3) organization in the United States and as a not-for-profit organization in Singapore.
For more information, see https://www.dqinstitute.org/.
Questions & contact:
Contact:
Eris Seah eris@dqinstitute.org
+65 9818 7704
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