In 2023, my interactions with over 100 CIOs revealed a significant focus on Environmental, Social, and Governance (ESG) issues, with growing interest from boards and executives in leveraging technology for sustainability.
Despite widespread discussions on environmental concerns, many lacked depth regarding practical actions for their industries or organisations. I noticed this with the information some organisations shared on World Earth Day earlier this week.
Sustainability & Green Tech is Now a True Priority.
My latest 2030 Tech Trends report emphasises the importance of Sustainability and Green Tech initiatives.
These efforts aim to promote environmental stewardship and reduce carbon footprints through practices like circular economy adoption and the development of carbon-neutral technologies, such as renewable energy and sustainable agriculture.
Looking into the near future, several key trends are expected to shape the landscape:
Renewable Energy Investments: Global investments in renewable energy sources like solar and wind power are forecasted to exceed $400 billion by 2024, reflecting a commitment to sustainability and climate change mitigation.
Circular Economy Adoption: Businesses are increasingly embracing circular economy models by 2024, designing products for durability, reuse, and recycling to minimise waste and environmental impact.
Green Technology Innovation: Advancements in green technologies such as energy-efficient buildings, electric vehicles, and sustainable agriculture are expected to drive economic growth and job creation, fostering a more sustainable future.
Seamless Fulfilment: By 2024, retailers will prioritise omnichannel fulfilment capabilities, leveraging technologies to fulfil orders across multiple channels efficiently.
Looking further ahead to 2030, organisations are anticipated to operate in the following ways:
Circular Economy Adoption: The circular economy will gain momentum, leading to the widespread adoption of sustainable business practices like product recycling and waste reduction.
Carbon-Neutral Technologies: Organisations will prioritise developing and adopting carbon-neutral technologies to mitigate climate change.
ESG Integration: Environmental, social, and governance considerations will be integrated into investment decisions and business strategies, driven by stakeholder demand for transparency and accountability.
Sustainable Fulfilment Practices: Retailers will adopt eco-friendly packaging, optimised logistics, and last-mile delivery solutions to minimise environmental impact and meet consumer demand for sustainability.
This area is one of ten trends for 2030 and for more insights into these and my strategic services (keynotes, workshops and strategy development), email me here.