Leading Players Prioritize ESG Investments In The Edtech Industry: Astra ESG Solutions

San Francisco, January 11, 2023 /PRNewswire/ — Players in the Edtech or Education Technology industry are gearing up to plan, report and monitor their ESG performance in the face of exponential digitalization. In particular, the proliferation of online learning in the context of the COVID-19 pandemic has prompted the industry leader to meet his ESG goals. AI-based learning tools have made their way into the mainstream educational landscape, prompting investors, venture capitalists, and other stakeholders to prioritize his ESG goals. Educational technology has recently witnessed a surge in demand across developed and emerging economies. Many global organizations expect vendors to adopt her ESG goals, but stakeholders demand that the startup define and focus on her ESG strategy.

Learn more about the practices and strategies implemented by industry participants from the EdTech Industry ESG Thematic Report, 2023, published by Astra ESG Solutions.

Investors are bullish on the prospect of Edtech providing an immersive learning experience for K-12 students (kindergarten through 12th grade). Prominent emerging players continue to invest in technologies and tools that facilitate online and digital learning. Many private equity funds hold his ESG-themed funds, alluding to the growing interest of stakeholders in social and environmental issues. for example, March 2022, Indonesian online language learning platform Cakap has secured new funding from the IIF (Indonesia Impact Fund). The fund injection is reported to be his first ESG compliant private impact fund under Mandiri Capital Indonesia. Strong investment will play a pivotal role in facilitating access to quality education, especially in low-income cities, and closing the language skills gap.

environmental perspective

Edtech companies are responding to climate change and investing in an environmentally sustainable future. Digital learning companies are doing more to advance the United Nations Sustainable Development Goals and make significant strides towards decarbonisation. Stakeholders are expected to share the same vision of global net zero emissions and use technology and operations to drive the change the world needs. Microsoft is aiming for near-zero Scope 1 and 2 emissions by 2025 and is looking to remove more carbon than it emits by 2030. July 2021We also deployed the Microsoft Cloud for Sustainability for automated, integrated and comprehensive sustainability management.

Stakeholders may take robust approaches to reporting and recording emissions using automation and data collation. Industry players can tackle e-waste school-wide, using the secure cloud, and startups can invest in advanced technology.of December 2020Karo Sambhav used Microsoft Azure to engage over 22,700 schools and collate nearly 12,000 tons of e-waste for responsible recycling. IndiaAdditionally, Microsoft emphasized bridging the skills gap in the data center community through investments in technical training programs at trade schools, community colleges, and other educational institutions.

social perspective

Edtech companies promote the values ​​of gender equality, inclusion and a safe work environment. Companies may complement the United Nations Sustainable Development Goals with a focus on quality education and improved worker health and safety. Several edtech companies have sought cutting-edge technology to enhance inclusiveness, diversity and access. for example, September 2021the SP2 Mentor Collective, targeted first-generation learners, including people of color, students from low-income backgrounds, and other underrepresented students, and proposed bringing students together.

Stakeholders achieved their ESG goals by investing in new age skills and focusing on talent mobility. Companies are gearing up to upskill their talent pools to keep up with global digital transformation. Cisco fosters ways to develop, attract, and promote diverse talent. The company is working with the OneTen Initiative, which aims to recruit, upskill and promote one million African American/Black (AA/B) Americans over the next decade. He saw a 60% jump in the percentage of all employees who identified themselves as AA/B, from new hires to managers.

How key industry participants such as Fujitsu Limited, Adobe Inc., Alphabet Inc., Microsoft Corporation, Cisco Systems, Samsung Electronics and Pearson PLC identify, analyze and mitigate ESG risks and ensure compliance can gain more insight into

Cutting-edge technologies, including ML and AI, are ubiquitous. To explain, June 2022Coursera reports a nearly 50% surge in the number of business learners. IndiaThis trend has led technology-minded start-ups to invest in advanced solutions and services to enhance the digital skills of their employees.of August 2021Caisse de dépôt et placement du Québec (CDPQ) has announced a capital injection into ApplyBoard through Equity 25.3 This fund is a diversity-only fund for companies that leverage diversity and inclusion initiatives and promote them as a business priority.

Governance perspective

As sustainability becomes mainstream, governance and accountability have come to help prioritize and align across industries. Microsoft will form a Climate Council with business leaders from all business groups to facilitate collaboration, provide sustainability advice, monitor progress on commitments, and work together to prioritize resources and funding. doing. Its Board of Directors provides feedback, insight and oversight across environmental and social dimensions.

At companies targeting pre-school to 12-year-old, post-secondary and workforce education portfolios, stakeholders are prioritizing governance structures to drive an ESG profile. For example, in its objective report, Cisco claimed that during the 2022 fiscal year it audited 390,000 supply his chain workers. Cisco’s Compliance and Ethics organization reports all allegations and instances of ethics violations to the Board’s Audit Committee and Compliance Steering Committee.

Inappropriate ESG practices can negatively impact environmental, reputational and legal risks and harm an organization’s ultimate prospects. Companies with strong ESG performance can stay ahead of the curve with a low cost of capital, a loyal investor base and good access to funding.According to US financial services firm Morningstar, ESG investment strategies are US$1 trillion In 2020, we were greatly supported by sustainable investment funds during the COVID-19 pandemic.

Is your business one of the participants in the global EdTech industry? Contact us for intensive consulting on ESG investing. Help build sustainable business practices.

of December 2022, Skillsoft’s Corporate Social Responsibility Report found that diversity, equity and inclusion (DEI), fair trade participation, and strengthening labor policies are top priorities for CSR programs. According to the survey, 46% say his ESG efforts are replacing CSR efforts. General trends suggest that the global edtech market could record a CAGR of 16.5% from 2022 to 2030. The growth trajectory is expected to gain momentum as companies focus on long-term value creation by crafting ESG strategies.

See more ESG thematic reports for the technology sector published by Astra – ESG Solutions

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social and Governance (ESG) division of Grand View Research Inc., a global market research publication and management consulting firm.

Astra provides comprehensive ESG thematic ratings and scores along with intuitive dashboards across a range of impact and socially responsible investing topics, including both public and private companies. Our ESG solutions are underpinned by robust fundamentals and alternatives information. Astra specializes in consulting services that provide companies and the investment community with the in-depth ESG research and actionable insights they need to support their bottom line and value. Through a variety of ESG consulting projects and advisory services, we provide climate strategy and assessment, ESG benchmarking, stakeholder engagement programs, active ownership, ESG investment strategy development, ESG data services, and corporate sustainability reporting. I have supported my clients. The Astra team includes a pool of industry experts and his ESG enthusiasts with his extensive end-to-end ESG research and consulting experience on a global level.

For more ESG thematic reports, visit Astra ESG Solutions from Grand View Research.

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