Environmental Sustainability in 2023 and Beyond – The Strategic Imperative
Environmental sustainability is becoming critical for organizations to stay relevant and competitive in today’s evolving landscape. Much like digital transformation, integrating sustainability mandates organizations to alter every operation in the business. Today, sustainability is advancing as an integral part of developing a corporate framework. Sustainability for organizations can be categorized into three areas - Environment, Social, and Governance (ESG). Today, thinking only about environmental sustainability is one of the imperatives. It is equally important to consider technology investments that are driving sustainability in enterprise and customer operations. Revenue from sustainable products is expected to grow about six times as compared to the rate of other products. 50% of consumers today are open to paying a higher price for sustainable products that have a social and environmental impact on the supply chain. By 2025, consumers will prefer pr...