Responsible business practice in Technology

To remain competitive, modern technology businesses should take steps to implement responsible business practices that customers, employees and partners expect.

Customers want to purchase products that protect the environment and improve local communities. A useful tool to pursue inclusive growth is a sustainability balanced scorecard.

Below is an example sustainability strategy map I developed for a technology startup.

Sustainability strategy map

For a technology business, environmental impact can be achieved through close examination and streamlining of company’s supply chain, including datacentres and cloud infrastructure providers. Companies could also analyse their software development lifecycles to make it more sustainable.

Achieving financial objectives can produce societal benefits through creating shared value.

Creating shared value

Finally, implementing responsible business practices aligns with UN Sustainable Development Goals (SDGs), specifically SDG9: Industry, Innovation and Infrastructure and SDG17: Partnerships for the Goals.

Ethical cyber security leadership

Picture an easy Sunday morning. It’s sunny and quiet with only birds chirping outside. You make yourself a cup of coffee and sit on the sofa to catch-up on what’s happening in the world. You open your favourite news site and here it is – first story of the day in large font.

Breaking news: massive data breach! It’s your company in the headline.

This is the modern reality, cyber attacks are becoming increasingly common and it’s no longer a matter of if but when.

How do you manage this PR nightmare? What do you tell the media? Can you regain the trust of your customers and partners?

These are not the questions you want to be thinking about in the middle of a crisis. The real story begins way before that. It starts with responsible data management practices and securing people’s information.

More