Imagine running your enterprise on current funds. No more revenues coming in. This is exactly how we are running our planet since July 29th known as ‘Earth Overshoot Day’[1], the day when our demands on ecological resources in a given year outstripped what the earth can generate.
The United Nations (UN) recently issued a grim future for our planet if we don’t address climate change as a matter of urgency. Everybody has a role to play and in our ICT industry, harnessing the power of green IT and Industry 4.0 will help improving energy efficiencies, reducing carbon emissions and driving a circular economy.
Climate change is already impacting businesses
We are already seeing the significant impacts of climate change. Climate-related events are already affecting more than 1 in 4 organizations worldwide, according to Deloitte Global’s 2021 Climate Check report.[2] Nearly 3 in 10 organizations are seeing operational impacts of climate-related events such as flooding and wildfires which have destroyed facilities and displaced workforces. The result is broken and disrupted supply chains.
We are already seeing the significant impacts of climate change. Climate-related events are already affecting more than 1 in 4 organizations worldwide, according to Deloitte Global’s 2021 Climate Check report.[2] Nearly 3 in 10 organizations are seeing operational impacts of climate-related events such as flooding and wildfires which have destroyed facilities and displaced workforces. The result is broken and disrupted supply chains.
Customers are driving change
Enterprises that don’t embrace smart manufacturing and green technologies are leaving themselves open to a significant dent in their bottom line. Why? Because consumers are driving change, seeking out products, and changing their shopping habits to reduce environmental impact. For example, in a recent study, 72% of those surveyed said they were willing to pay a premium for brands that support recycling.[3]
