Select Page

We live in unprecedented times; wildfires, extreme weather, pandemics, drought and flooding. Excessive greed and a blind drive for increased profits continues to benefit the few and not the many. While social and earth scientists point out the need for change, politicians fight over who and what they should be protecting: short-term thinking corporations or our planet and people. Frustration with this lack of action has led to the emergence of an increasingly more popular movement, spearheaded by the young.  A movement which is taking action. Not just through traditional means such as protest; but by using mechanisms within capitalism to drive change. Namely investment.

And geospatial has an important part to play in this new movement.

Socially Conscious Investors

Today, socially conscious investors are carefully screening potential investments. They are making decisions based on how companies perform against certain criteria: Environmental, Social, and Governance (ESG). These are defined as (source: Investopedia):

  • Environmental criteria consider how a company performs as a steward of nature.
  • Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates.
  • Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.

Sustainability is often associated with ESG. That is meeting the needs of the present without compromising the ability of future generations to meet their needs. Sometimes described as the relationship between profits, planet, and people.

Much of the conversations around sustainability and ESG ignore the many challenges: scale, complexity, hard to define, hard to measure, easy to pretend. Corporations are short term (quarterly) profit centres. Today social responsibility is usually only practiced if it does not get in the way of profits. ESG requires companies to find the right balance. For more on this wider conversation see the excellent book by Simon Sinek: The Infinite Game.

ESG has become a buzz term which still lacks teeth. So where are we today?

ESG Rating

Companies and investment vehicles are increasingly sharing ESG ratings. That provides a way for investors to gauge social responsibility.

But the current rating system is near to meaningless. In many cases companies self-report their ESG impact. That is in part due to a lack of an agreed-upon common methodology for measuring impact. Self reporting is a non-starter. As is a compromised rating system, see the rating agencies at the heart of the 2008 global financial crisis for an egregious example. Today’s ESG rating-systems lack a unified assessment methodology. The Economist compared the scores of two big ESG-rating systems: Sustainability and Robecosam. They found a lack of correlation between the two systems. As a result there was no consistent difference between the performance of ESG and conventional funds respectively.

Geospatial has an important part to play in helping to provide an accurate measure of corporate social responsibility. But what is geospatial?

Geospatial = Place on Earth

Not unlike ESG, geospatial is a poorly understood term. Often associated with the geographic discipline, geospatial is focused on location. The terms location intelligence (LI) and area-of-interest (AOC) have become popular alternatives.

Geospatial has a long, 50 year history. Its initial associations were with mapping technologies such as Geographic Information Systems (GIS). But technology advances over the last few years have meant geospatial’s appeal has broadened beyond maps, to answering questions about people and places. Two critical advances have helped drive this change:

  • First, the evolution of sensor technology. Today we are collecting a tsunami of location-based data, from satellites (see Earth Observation), to aerial, drones, and terrestrial Internet-of-Things (IoT). The data being collected is of many types, and both static and dynamic or real-time in nature.
  • Second, artificial intelligence (AI) and machine learning (ML) have matured to a point where they are now being used to process these huge datasets, and are helping to provide new insights.

Since geospatial data and technology is fundamentally used to understand people and places, it is the natural choice to help provide a measure of ESG compliance.

ESG Geospatial Use Cases

A reliable ESG rating system need be current, independently generated and verifiable. That requires a scientifically based, data-driven approach. That data need be a combination of structured and unstructured data, both static and dynamic.

There are many potential measures of ESG compliance, these include carbon footprint, emissions, pollution, clean energy usage, waste disposal, facility operations, land usage, water stress. The use of geospatial-based data in combination with AI and geospatial technology provides a mechanism for measuring these and many other contributory factors.

Looking for examples of how geospatial is helping with ESG measurement and rating, I turned to RS Metrics. They are experts in this field. I asked Desi Stoeva, Product Marketing Manager at RS Metrics, for her thought on ESG. She shared:

ESG means a different thing to everyone – for some corporates that may be the needed stamp of sustainability approval to appease stakeholders and increase their chances of being on the receiving end of various public and private sustainable investments, for rating agencies that may be the ever-evolving field in needs of standardization, and for others it may be a term designating how environmentally conscious a company behaves. Companies which offer ESG data products and PAAS solutions have long coexisted under broad umbrella terms like “geospatial analytics providers” for the ESG sector. But while companies within the sector have remained very aware of their own distinguishing capabilities, the task to categorize, compare, and choose between them has become increasingly difficult. This is one of the first steps to be overcome on the way to industry-wide ESG standardization – understanding what it is that these companies are providing, and what are the fundamental differences in the quality and reliability of those datasets.

RS Metrics have built a tool called ESGSignals. Using earth Observation data, ESGSignals is designed to provide an assessment of ESG. Desi commented:

A product like ESGSignals becomes truly useful when we look at how it can be used to compare the risk profiles of different companies within the same sector. RS Metrics, whose products are often used by large corporates to oversee and benchmark performance against main competitors, often illustrate that through side-by-side comparison case studies that show progress and risk over time. 

Geospatial & Sustainability

The emergence of Geospatial 2.0: new location data sources processed by AI/ML offers incredible possibilities. Geospatial data and technology are increasingly being used in the ESG and sustainability arena. We will widen this conversation in future conversation. See our next post: What you should know about Geospatial ESG & Sustainability.

 

WebMapSolutions
Schedule Free ArcGIS Consultation
Our goal is to help you successfully apply ArcGIS to solve your business problems. Conducted by an ArcGIS expert, our free 30 min consultation will help move you forward.
Thank You. We will contact you as soon as possible.
SUBSCRIBE TO OUR BLOG
Our blog is filled with lively discussion, news, ideas. We take a fresh perspective on the rapidly changing world of GIS. Don't miss a post ... join over 1000 of your peers.
Do you want massive traffic?
Dignissim enim porta aliquam nisi pellentesque. Pulvinar rhoncus magnis turpis sit odio pid pulvinar mattis integer aliquam!
  • Goblinus globalus fantumo tubus dia montes
  • Scelerisque cursus dignissim lopatico vutario
  • Montes vutario lacus quis preambul den lacus
  • Leftomato denitro oculus softam lorum quis
  • Spiratio dodenus christmas gulleria tix digit
  • Dualo fitemus lacus quis preambul pat turtulis
* we never share your e-mail with third parties.
WebMapSolutions
CONTACT US
Are you looking for advice or help with ArcGIS? We are happy to share with you our thoughts and expertise to move you forward. Fill out the form below and we will be in contact soon.
Thank You. We will contact you as soon as possible.
WebMapSolutions
WORKSHOP SIGN UP
Our goal is to help get started and maximize GIS ROI. Conducted by on of our GIS experts, our free 1 hr Discovery Workshop will provide you a GIS road-map.
Thank You. We will contact you as soon as possible.
WebMapSolutions
Schedule a GeoAppSmart Demo
GeoAppSmart for ArcGIS we have designed with flexibility in mind. Let us show you how the app works. Fill out the form below, and we will contact you to set up a demo.
Thank You. We will contact you as soon as possible.
Request a Demo
Learn more about GeoAppSmart for ArcGIS. Schedule a demo. We can show you the features of this is a new breed on super flexible ArcGIS apps..
SUBSCRIBE TO OUR BLOG
Our blog is filled with lively discussion, news, ideas. We take a fresh perspective on the rapidly changing world of GIS. Don't miss a post ... join over 1000 of your peers.
Discounts!
Subscribe now to our free daily newsletter and get special offers and 20% discount.
More than just MOBILE .. All device ArcGIS apps are finally HERE!
GeoAppSmart for ArcGIS is one of a new breed of web based ArcGIS apps which:

  • Runs on any device - PC, laptop, smartphone, tablet
  • Can be used anywhere - Online or offline
  • Infinitely flexible - Built using plug-in tools
  • Easy to set up, configure and use

Download our new eBook, and learn more about these new super flexible web apps.
* we never share your e-mail with third parties.
New to ArcGIS Online and wondering how to GET STARTED?
Our free eBook 'Success with ArcGIS: Your Roadmap' will walk you through the critical success elements:

  • Defining the problem
  • Evolving the story
  • Building the runway
  • Solution implementation

If you are looking to JUMPSTART your deployment and use of ArcGIS Online this eBook is for you.
* we never share your e-mail with third parties.
S
Subscribe to Our Newsletter
Our newsletter is filled with news, tips, tutorials and lively discussion focused on the exciting, rapidly evolving world of GIS. Join over 2000 of your peers.
     
Wondering about Mobile GIS?
Our free eBook 'Your Guide to Mobile GIS' will help you get started and move forward with this exciting technology. We cover:

  • Your mobile GIS options
  • Provide case studies
  • Discuss best choices
  • Look ahead

If you are looking to improve how your mobile staff get their work done. This free eBook is for you.
* we never share your e-mail with third parties.
Want to get the most out of ArcGIS Online?
Our free eBook 'Success with ArcGIS Online' will walk you through the critical success elements including:

  • The Why
  • The Who
  • The How
  • The Where

If you are looking to get started or maximize your ArcGIS Online ROI, this eBook is for you.
* we never share your e-mail with third parties.
IoT on Map - Real-Time Reporting, Tracking and Monitoring Made Simple
Download our free Internet of Things eBook. Learn how to easily track moving assets, monitor fixed assets and report problems in real-time. Simple, flexible and affordable.
Want to get the most out of ArcGIS Online?
Download our free eBook 'Success with ArcGIS Online'. The eBook walks you through the key success elements: the why, who, how and where. Get started or maximize your ArcGIS Online ROI.
Sign up for our free GIS Discovery Workshop
Wondering how to get started or maximize your GIS ROI? Our free 1 hour workshop is designed to provide you a road-map to success with GIS. Sign up for it today.