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ESG Benefits of Next World Virtual Reality

Meeting ESG goals with Virtual Reality

Environmental, Social, and Governance (ESG) criteria are relevant for several reasons, particularly in the context of business and investment. ESG is important because it addresses a wide range of issues that are crucial for the sustainability and success of businesses and investments. By considering environmental, social, and governance factors, companies can manage risks, seize opportunities, enhance their reputations, and contribute to a more sustainable and responsible global economy.

 

Incorporating VR into ESG initiatives transforms training and awareness-building into engaging, immersive, and effective experiences. VR empowers ESG benefits by offering immersive, experiential training that fosters a deeper understanding of environmental, social, and governance principles. At Next World, we’re committed to ESG through sustainable practices, responsible product development, and a dedication to helping businesses align with ESG goals using our innovative VR technology.
Reduced Travel

VR training eliminates the need for employees to travel for in-person training sessions or conferences thereby reducing carbon emissions associated with commuting and air travel.
Energy Efficiency

Traditional training often requires physical infrastructure and resources. VR training is energy-efficient and reduces environmental impact.
Resource Conservation

VR training reduces the need for physical training materials, such as printed manuals, handouts, and disposable training supplies, thus conserving paper and other resources.
Waste Reduction

By eliminating physical training materials and infrastructure, Virtual Reality reduces waste generation and promotes sustainable practices within businesses.
Flexible Learning

VR training can be conducted remotely and asynchronously, allowing employees to choose when and where they complete their training leading to higher completion rates.
Inclusivity & Inclusion

VR training can simulate a wide range of scenarios and environments, helping employees develop empathy and understanding for different perspectives.
Customisation

VR training can be customized to meet specific learning needs, ensuring that training is efficient and effective. 
Safety

Virtual Reality is especially valuable for safety training, as it can simulate dangerous situations without real-world risks.
Data Analytics

VR training platforms can collect data on employee performance & engagement, helping  make data-driven decisions.
Long Term Cost Savings

While the initial investment in VR technology may be significant, over time, organisations can achieve cost savings through reduced spending.
ESG Leadership

By adopting sustainable VR technology and practices, organisations can influence stakeholders and partners to embrace more eco-friendly solutions.
Sustainable Innovation

Organisations that invest in VR training technologies demonstrate a commitment to innovation and sustainability, which can improve their reputation.

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Utilising technology to ensure a better future