General

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

“If you think about how multilayered and long the damage from wildfires lasts; there has been human deaths, housing, wildlife and vegeatation destruction, and the economic impact lasts years to the Agriculture supply chains and the Power & Utilities networks.

“Our wildfire detection data product uses Earth Observation technologies to better understand bushfire conditions, improve future detection, and enable better risk mitigation planning to minimise impacts.

“For instance we can take regular satellite images and provide assessments on moisture content and see if there is high growth and low moisture in vegetation around your infrastructure – and subsequently advise on appropriate maintenance requirements.

“Those efforts are often done manually involving time intensive site visits to assess maintenance requirements, but these are shifting to become a virtual exercise, which improves safety outcomes for crews that face harsh and dangerous conditions.”

Dr White said ESG reporting still has a long way to go to take advantage of technologies that will provide accurate data assurance that markets and regulators are demanding.

“State of the art ESG reporting is currently mostly done using spreadsheets and manual input,” Dr White said.

“So there is a huge disparity between that mode of reporting and what emerging technologies can provide and companies are now looking whether they have rich enough data that is properly audited in order to meet their ESG legal requirements.

“We are working with satellite providers who have a competitive interest in adding hyper spectral imagery capabilities to allow clients to see greenhouse gas molecules, such as CO2 and methane, and estimate their volume.

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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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