  Technological innovation plays a crucial role in driving economic growth and
development. In this study, we investigate the extent to which technological
innovation contributes to a more sustainable future and fosters
entrepreneurship. To examine this, we focus on robotic process automation (RPA)
highly relevant technology. We conducted a comprehensive analysis by examining
the usage of RPA and its impact on environmental, social, and governance (ESG)
factors. Our research involved gathering data from the 300 largest companies in
terms of market capitalization. We assessed whether these companies used RPA
and obtained their corresponding ESG ratings. To investigate the relationship
between RPA and ESG, we employed a contingency table analysis, which involved
categorizing the data based on ESG ratings. We further used Pearson's
Chi-square Test of Independence to assess the impact of RPA on ESG. Our
findings revealed a statistically significant association between RPA and ESG
ratings, indicating their interconnection. The calculated value for Pearson's
Chi-square Test of Independence was 6.54, with a corresponding p-value of
0.0381. This indicates that at a significance level of five percent, the RPA
and ESG variables depend on each other. These results suggest that RPA,
representative of modern technologies, likely influences the achievement of a
sustainable future and the promotion of entrepreneurship. In conclusion, our
study provides empirical evidence supporting the notion that technological
innovations such as RPA have the potential to positively shape sustainability
efforts and entrepreneurial endeavours.
