DQ Institute, a global organization focused on digital intelligence, has launched the Digital-ESG Assessment and Reporting Standards in partnership with Taejae Future Consensus Institute. The launch took place during the "Digital Age, A Pathway to Sustainability" Forum, attended by prominent figures like Ban Ki-moon and Irina Bokova. The Digital-ESG guidelines aim to address digital-related risks, including AI risks, child online safety, fake news, and privacy invasions while fostering human-centered technology in the AI age.
The rapid advancement of AI and other technologies has triggered a digital transformation, leading to various digital-related risks. The existing ESG frameworks focus primarily on climate-related issues, leaving digital concerns unaddressed. By incorporating Digital-ESG into sustainability strategies, a balance can be achieved between leveraging technology's potential and safeguarding citizens, the digital environment, and society.
The DQ Institute emphasizes addressing human-centered tech initiatives, digital inclusion, data security, digital rights, and more. Dr. Yuhyun Park, the founder of DQ Institute, expressed enthusiasm for the new standards, aiming to provide industry leaders with practical tools and guidance for adopting AI and digital technology with transparency and ethical standards.
Furthermore, the DQ Institute has developed the TDFD (Taskforce on Digital-related Financial Disclosure), bringing together various organizations and individual members to support companies in adopting and reporting on Digital-ESG goals. The Digital-ESG framework goes beyond risk management, enabling companies to make positive contributions to society while maximizing profits through their digital activities.