To understand the concept better, let’s break down ESG

Environmental

The environmental aspect considers the way a business utilizes energy, natural resources, handles waste, and steps they take to minimize pollution. The criteria also examine any environmental risk a business might face and evaluates how the business responds and manages them.

These issues include toxic emission management, disposal of hazardous waste, and how they operate in case they own contaminated property. A wise investor will always look for companies that comply with government environmental regulations.

Social

The social criteria examine a company’s business angle and the relationships it shapes with the community. Some of the factors considered include but are not limited to whether they partner with businesses that hold the same moral ground as they claim to do, and the effort they make to give back to society.

A socially conscious company should also give priority to its employees’ safety and health. It should consider the interest of its stakeholders and encourage its employees in participating in voluntary community work for the enhancement of social ethics.

Governance

The governance criteria examine how a company operates. The investors expect the business they wish to be part of to use transparent and accurate accounting / financial procedures. The criteria also try to determine whether stockholders are given an opportunity to express their opinion in a company’s important decisions through voting.

Investors utilize the governance aspect to assure that the business is more than capable to avoid conflict of interests when it comes to choosing board members. Most importantly, the company should not be engaging in anything illegal or use political contributions to solicit undeserving favors.

ESG incorporation at Terracom

At Terracom, we strongly promote an environmental and socially conscious mindset that is committed to ESG strategies for the development and long being of our company.

Environmental

As the climate crisis continues to worsen, businesses must take responsibility for their carbon footprint and find ways to reduce their impact on the environment. One way to do this is by leveraging cloud-based Software-as-a-Service SaaS solutions like QR-Patrol.

SaaS solutions are a great way to reduce waste and protect the environment. By hosting applications in the cloud, businesses no longer need to purchase and maintain physical hardware such as servers. This eliminates the need for extremely high energy-consuming on-premises solutions, which are a major contributor to carbon emissions. Additionally, cloud computing allows businesses to reduce their IT footprint and use fewer resources overall.

Moreover, SaaS solutions are often more secure than their on-premises counterparts. With cloud computing, all data is stored in a secure, off-site location, which eliminates the need for physical security equipment such as cameras, fences, access controls etc. This further reduces energy consumption, making SaaS cloud solutions an ideal choice for businesses looking to reduce their environmental impact.

In addition to reducing energy consumption, SaaS cloud solutions can also help businesses save money. By eliminating the need to purchase and maintain expensive hardware, businesses can avoid costly overhead costs. Finally, SaaS cloud solutions are typically more cost-effective than on-premise solutions due to their scalability, which allows businesses to adjust their usage as needed.

We implements several SaaS systems such as the cloud security patrol management system "QR-Patrol" which is at the moment a core leading market product throughout the world.

Terracom is constantly following enviromental strategies during many daily routines: recycling batteries, minimizing paperwork by using advanced software solutions, protecting devices through UPS systems, and following green tactics within our central buildings and offices.

Social

In today's world, the need for safe and inclusive environments for both citizens and workers are a prerequisite. Physical security stakeholders are faced with the challenge of providing secure workplaces that also promote social responsibility. The emergence of QR-Patrol SaaS cloud solution offers an effective and efficient way to ensure safer societies that focus on social growth.

QR-Patrol SaaS cloud solution is a comprehensive and secure system that enables physical security stakeholders to monitor employee and visitor activity in real time as well as safeguard assets.

The use of QR-Patrol SaaS cloud solution also promotes social responsibility and inclusion. Its features help protect workers and citizens from any potential discrimination or harassment that may occur in the workplace and enhance health & safety in real-time.

This innovative technology also encourages ethical business practices by providing stakeholders with real-time information about their processes and security planning. It helps stakeholders to evaluate performance in terms of security measures and compliance with the law and its flexibility enables them to adjust as and if required.

Corporate Governance

The digital age has impacted how businesses operate and how their stakeholders interact. Corporate governance is an essential part of a business's operations, as it helps ensure ethical practices, accountability, and transparency for all stakeholders. With the emergence of QR-Patrol, businesses have the power to strengthen their corporate governance efforts and empower stakeholders with real-time access to information which help them to get immediate and accurate action.

QR-Patrol is a smartphone-based solution that provides physical security operations with the tools to improve corporate governance. Its reporting attributes allow stakeholders to access information quickly, enabling them to make better decisions promptly.

Stakeholders can view operations in real-time and provide their input on important matters, allowing them to influence decisions. QR-Patrol also provides stakeholders with the transparency they need to ensure ethical business practices. The solution offers detailed reports that show all operations, including actions logs. This allows stakeholders to easily review activities and verify compliance with regulations. Stakeholders can also monitor the activities of employees, ensuring that all operations are being conducted ethically and safely.