CSR Evolution: New Opportunities and Challenges for IoT in Advancing ESG Practices
<p>Qingsheng Zeng<sup>1</sup>, Zhenghui Pan<sup>1,2,3</sup>, Qiongying Zhang<sup>2</sup>, Ting Han<sup>2</sup>, Wei Zheng<sup>2</sup>, Jian Li<sup>2</sup>, Zhisheng Zhang<sup>2,3</sup>, Wangfa Feng<sup>1</sup>, Li Zhen<sup>1</sup>, Lin Ma<sup>1</sup>, Kexiang Liu<sup>1</sup>, Xuecheng Yuan<sup>1</sup>, Shengxian Xing<sup>1</sup></p> · International Journal of Frontiers in Engineering Technology · 2024
This study delves into the exploration of the IoT technology in advancing CSR and ESG practices, uncovering both new opportunities and challenges. The research finds that IoT technology, through its advanced data monitoring and analysis capabilities, significantly enhances corporate performance in resource management, energy efficiency, supply chain transparency, and social responsibility. Furthermore, IoT technology demonstrates considerable potential in optimizing corporate governance structures and improving decision-making processes. However, the application of this technology is accompanied by complex challenges, such as the intricacies of technology implementation, issues related to data security and privacy, and considerations of ethics and legal compliance. Through comprehensive theoretical analysis and literature review, this study proposes effective application strategies for IoT technology in corporate ESG practices, including cross-departmental collaboration, risk management, ethical considerations, continuous technological optimization, and employee training. These strategies are aimed at assisting enterprises in overcoming challenges and maximizing the potential of IoT technology in ESG practices.