Enterprise tech transitions for a more sustainable world

THE challenges posed by climate factors and global warming are becoming too real for businesses and individuals to ignore. According to the Business Continuity Institute, 42 per cent of businesses have identified extreme weather as having disrupted their supply chains, and some industries such as agriculture and construction bear a huge brunt of drastic climate change.

In Gartner’s 2022-2023 CEO priorities report, business chiefs for the first time put environmental sustainability in their top 10 business priorities. Beyond the positive impact on the larger collective, sustainability makes business sense when investors and customers’ expectations increasingly factor in environmental awareness and action.

Three out of four CEOs responding to Gartner’s study agreed that increasing environmental, social and governance (ESG) initiatives help attract investors, and 80 per cent mentioned environmental suitability as the largest decision driver when investing in new or improved products over the next two years.