Sustainability Transitions – Innovation Eco-Systems – Digital Solutions 2024 : Conference paper on: Discourse on the influence of digitalization from an ecological perspective on ESG Transformation and sustainable development in industry

The main focus of this study is to research the effects of the use of digital technologies in the ESG transformation (Environmental, Social, Governance) with the goal to achieve growth and climate protection goals from an economic perspective. The use of digital solutions in automated pro-cesses offers opportunities to obtain information about impending disrupti-ons when carrying out periodic tasks, and to avoid them in the sense of eco-logical sustainability to protect the natural resources (primary raw materials) that still exists. The purpose of this study is to examine the general un-derstanding of ESG transformation and the connections within industry bet-ween digitalization and sustainable development through comparative analy-sis and comprehensive literature research. Despite the efforts in many scien-tific works that are increasingly concerned with sustainable development, the public often debates the increasing destruction of natural resources due to population and economic growth only, but makes no efforts in implementing relevant changes. Laws and guidelines such as the European Union’s CSRD directive as a regulatory requirement (Corporate Sus-tainability Reporting Directive) have a direct impact on economic factors such as trade intensity, economic growth and unemployment. In summary, this work will show that the use of innovative digital solutions can both conserve existing resources and generate new growth opportunities. JEL Codes: Q01, Q56, R11, O13, O35