ESG & SDG Goals and Why Digital Transformation is Important

The Sustainable Development Goals (SDGs) were established by the United Nations in 2015 to achieve a sustainable future for all. According to a report by the World Economic Forum, large corporations and governments play a vital role in realising the SDGs, as they have significant influence over the lives of millions of people and control a significant share of the global economy.

Digital identity solutions can be a powerful tool in contributing to the SDGs. By providing individuals with secure and verifiable digital identities, they can help to promote financial inclusion, and access to essential services, and enable people to exercise their rights and participate fully in society.

For large corporations, digital identity solutions can help streamline processes, reduce fraud, and enhance security. 

According to a report by McKinsey & Company, “businesses that adopt digital identity solutions can see increased revenue, reduced costs, and improved customer experiences”.

In the public sector, digital identity solutions can help governments to deliver public services more efficiently and reduce corruption. 

A report by the World Bank found that digital identity solutions can help reduce poverty and support financial inclusion, while also reducing costs associated with service delivery.

Digital identity solutions can also help to address the digital divide, which is a major barrier to achieving the SDGs. By providing digital identities to all individuals, including those in marginalized communities, we can bridge the digital divide and ensure that everyone has equal access to essential services and opportunities.

In conclusion, adopting digital identity solutions is a critical step for large corporations and governments to contribute to SDG goals, reporting and processes. By embracing digital identity and wallets, we can create a more sustainable and inclusive future while reducing costs, promoting security, and enabling individuals to exercise their rights and participate fully in society.

Connect with Litecard

Find out how clients are using our platform to create member and ID intelligence for better business decisions.