The Internet Of The Sky: Space, Remote Sensing, ESG, And Cybersecurity (International Insurance Society)

The Internet Of The Sky: Space, Remote Sensing, ESG, And Cybersecurity

  Monday, September 19th, 2022 Source: International Insurance Society

Sustainability is driving the confluence of the environmental, social, and governance (ESG) pillar landscape; cybersecurity; and satellite remote sensing data.

Business moves faster than weather data flows, and delays in accessing current data create a broken value chain. Changes are required regarding how data is accessed, integrated, and analyzed, with attention to mapping of cyber/data integrity to ESG requirements varying across geographic markets.

Emerging regulation will require companies to measure ESG risks across corporate investment portfolios while taking into account the ecosystems and operating environments invoking independent reporting.

Satellite technology is one of the key operating areas in sustainability. This technology is prevalent across all three ESG pillars, as the data created from space generates economic value from risk and perils created by extreme weather-driven events.

This data can indirectly and directly affect customers because it can lead to the creation of innovative products and requires cybersecurity governance.

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