GlobeScan’s Post

88% of companies are increasing IT investments in sustainability. The results speak for themselves: 52% more likely to outperform peers on sustainability 16% higher revenue growth Better profitability across the board A few reasons why they're choosing to invest: Regulatory pressure Brand power Energy cost reduction Long-term resilience Competitive advantage The smartest companies aren't debating if they should invest in sustainability tech. They're racing to lead the transformation. The only question that matters: Will your company shape the future or get left behind? #sustainability --- NOTE: The above stats are from IBM's recent State of Sustainability 2024 report, available for free. Link in the comments.

Reporting is dead and it will not deliver the change we need ☠️ ... at least if it is not followed by a change of mindset, clear strategies addressing our most pressing issues, and a strong voice demanding policy change. We need to redesign our capitalistic system to make it economically beneficial to phase out damaging activities. If not, businesses that voluntarily transition will be undermined by those that don’t. So instead of asking: “How much sustainability can we afford?”, companies should ask themselves: “If our company grows, would it be better or worse for the planet?" followed by "Oh sh#!t ... Okay, but how can we accelerate and benefit from a sustainable transition?" At 3daysofdesign, I participated in the panel debate Leading with ESG & Design at the COMMON GROUND Symposium. Here, I have shared my reflections on ESG and Design alongside the other intelligent and inspiring people: https://lnkd.in/e7e6VMzB

They expect consulting firms to consider sustainability and social impact factors when offering strategic advice. As well as to provide innovation and be able to solve complex challenges

Read the Think Tank: https://ow.ly/PzO750UCiJJ Sustainability isn’t just good for the planet, it’s also good for business. Read our recent article and learn how companies are proving ROI while making a positive impact. #supplychainbrain

The latest in our series of videos exploring different aspects of sustainability and the SDGs, features professor Amitava Chattopadhyay who uses the example of a programme in West Africa that works with women farmers to demonstrate how CSR projects can be scaled to increase their social impact.

Excellent points from Lindsay Hooper (as always!) and an excellent panel. It's quite simple. Companies - indeed entire sectors - will need to adapt or die in the face of the inevitable sustainability transition. But doing that, while continuing to keep the commercial wheels spinning, is the tricky bit for boardrooms. That's why we launched FOUR32 - an agency focussed on helping business navigate the transition, using insight to influence strategy, and strategy to underpin customer comms. Too often sustainability is seen as just a compliance issue, when it's really about how your customers see your brand today, tomorrow and in five years' time.

CSR projects aren't just box-ticking exercises. They can achieve both social impact and profitability. In this episode of INSEAD Explains Sustainability, Amitava Chattopadhyay reveals how #CSR initiatives can be used as pilot projects for larger #sustainability schemes. He also discusses how sustainability can give companies a competitive advantage. View the full video here: https://lnkd.in/gfQXPXiT

Is a Sustainable Concept for a Company Meaningful? Here's my perspective—I'm excited to spark a sustainability movement! Pros + Enhanced Brand Image: Builds trust with eco-conscious stakeholders, though adoption varies globally. + Cost Savings: Efficiency and waste reduction lower costs but require convincing investors or boards to allocate CAPEX. + Regulatory Compliance: Helps meet stricter laws, though progress and knowledge-building are slow. + Market Differentiation: Stands out among competitors and appeals to niche markets. + Attracting Talent: Younger generations value ethical companies and scrutinize their sustainability stance. + Investment Opportunities: ESG focus attracts investors, though setting measurable KPIs remains challenging. + Future-Proofing: Reducing reliance on finite resources is essential for long-term stability. + Community Impact: Boosts goodwill, though educating and implementing change takes time. Cons - High Initial Costs: Upfront investment is significant but manageable with a broad approach. - Complex Implementation: Requires rethinking systems and processes—slow and detail-heavy work. - Greenwashing Risk: Poorly communicated efforts can harm reputation. - Uncertain ROI: Long-term returns may not be immediate, especially for smaller firms. - Resistance to Change: "We've always done it this way" is a common obstacle. - Market Constraints: Sustainability isn't always a priority for cost-conscious customers. - External Factors: Dependence on subsidies and policies adds uncertainty. Is it meaningful? Absolutely. Let’s discuss how to make it happen!

For most companies, whether large or small, focusing on sustainability just makes sense from a business perspective. Saving energy saves money, that’s simple. There are countless other examples. When given the data, executive teams and boards will likely back it. Customers inevitably support it if sustainability aligns with their values and meets their price expectations. However, as our founder, Devry Boughner Vorwerk, often says, “businesses aren’t set up to succeed in sustainability.” The internal incentives are wrong. The way organizations are traditionally structured doesn’t support it. Some recognize there’s shared value for the company and society to create, yes. Still, the problem has been a lack of focus on shared values, which unite society and rally humanity to overcome the biggest issues of the day. Last month, DevryBV Sustainable Strategies hosted The Humanverse Summit: Adapting Business to 2030, where 80 business leaders shared insights and expectations for capital allocation toward the UN's #SDGs. The Executive Summary is now available and posted here: https://lnkd.in/gNRRn4rD

Every sustainability journey is unique, businesses need to navigate based on their distinct organizational and market situation. Deloitte helped WBCSD – World Business Council for Sustainable Development with interviews to uncover compelling personal stories that showcase how individuals across sectors and functions embed #Sustainability into their decisions and drive change within their businesses. Every small action counts. Read the personal stories here: https://lnkd.in/ecppZgGk #EverydayEchoes