How Space Tech can transform the way we monitor, measure and report ESG metrics

“Space Tech has made operations for both companies exponentially more efficient and of course improved environmental outcomes.”

Mr Jones advised the audience of attendees to “embed Space Tech into ESG reporting from the get-go”.

“If we agree that Space is something of a greenfield for humans, from the point of view of governance what do we need to prioritise to make sure we learn from past mistakes? What do we need to do to make sure we are on the front foot to operate responsibly in space, knowing that a lot of companies are today in a position of playing catchup to meet ESG requirements on Earth.

“It’s a prime opportunity to target solutions that help ESG measuring, monitoring and reporting. It’s also a golden moment where you can make sure your own business models and practices include the ESG implications of Space Tech – not because it’s regulated but because you know you can do it, and you know you should,” said Mr Jones.

Forum panellist and EY Data Science Lead Dr Jack White said Earth Observation data is playing a critical role for the ‘S’ in ESG.

Dr White’s team creates data and modelling for risk mitigation strategies designed to save human life and future damage to water quality and vegetation.

“Our team has been working closely with clients on the inherent societal impact of Natural Disasters,” Dr White told attendees.

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Charlie Bush

Charlie Bush is a personal finance reporter for myexpertech. Previously, she covered personal finance at BuzzFeed. She earned a Bachelor’s degree in Journalism at Stony Brook University and is working toward a Master’s degree in Behavioral Economics.

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