A record number of Americans used an inheritance to...
Sustainability has never been higher on the management agenda, as both consumers and regulators keep a close eye on how companies are impacting the environment. Failure to recognise this can damage a company both financially and reputationally, as individuals become unwilling to deal with brands that fail to become more sustainable. And it goes even further: recent research from PWC shows that consumers are willing to pay 9.7% more for sustainably produced or sourced goods, despite continued inflationary pressures.
What’s more, the regulatory burden, particularly when it comes to reducing greenhouse gas emissions, is only set to increase. The Climate Change Act requires the UK to achieve net zero emissions by 2050. However, earlier this year a High Court ruled that the UK government’s climate action plan was ‘unlawful’, as there is currently insufficient evidence of sufficient policies in place to reduce greenhouse gas emissions. Over the next 12 months, a revised plan will be drawn up to ensure the UK meets its pledge to reduce emissions by more than two-thirds by 2030. It is likely that most UK businesses will play a role in greenhouse gas emissions. this.
Often, transitioning away from fossil fuels or decarbonising emissions-intensive industries are seen as key routes to net-zero emissions. Another key area that would have a positive impact on the sustainability of organisations is efficient data storage. Today, organisations are still plagued by redundant, outdated or trivial (ROT) and obscure data, with little or no effort to address data storage issues. This presents a great opportunity for businesses operating in today’s increasingly sustainability-conscious landscape.
