Corporate sustainability and sustainable IT
As we saw in Chapter 1, Our Most Significant Challenge Ahead, company longevity on the S&P 500 is rapidly declining. Companies that cannot adapt to rapid changes in macrotrends such as electrification, and sustainability will likely be relegated to the graveyard of corporate failures. Sustainability has become a recurring boardroom topic and 24% of global CEOs are “extremely concerned” about environmental damage and climate change (PWC 2020).
As the demand for companies has shifted toward fulfilling the needs of a broader spectrum of stakeholders such as employees, customers, partners, ecosystems, and communities, and not only the shareholder needs, ESG has become a mainstream business issue. Due to the increasing pressures of investors, governments, and organizations in terms of emissions reporting, the requirements for companies to provide transparent reports are continually growing.
According to a recent study,...
