In the recent past, sustainability has been at the center of decision-making across boardrooms and parliaments all over the world. More than 7.5% of our GDP is affected due to climate change, and more than 40% of urban solid waste is created because of construction and demolition.
A sign of a good, ethical business is not just in the profits but what it is doing (and undoing). With this new awareness, organizations are equipping themselves with the knowledge and the necessary tools to reduce their negative impact towards the environment and grow sustainably.
Various methods have been tried, tested, and proven to be effective in this regard. In the recently concluded Intel-Zinnov Sustainability Conclave 2021, the topic of focus was the creation of a circular economy – an economy where resources are used judiciously and are recycled. Along with this, corporate leaders also discussed their views on decentralized renewable energy, driving impact from India Global Centers of Excellence (GCoEs), and more.
As business operations make the transition to the next normal, organizations need to set new standards and upend old paradigms to build long-term strategic advantage while keeping sustainability at its core.