December 3, 2022

Y M L P-211

Business – Once You

Sustainable Technology Strategy Critical for Achieving Business Growth and ESG Performance, According to New Accenture Report

CIOs should seize opportunity to progress sustainability to provide worth, tangible results and sustainable impression throughout their organizations

NEW YORK, June 07, 2022–(Company WIRE)–As firms established more ambitious environmental, social and governance (ESG) objectives, their sustainability and technology strategies require to turn into extra tightly aligned to acquire aggressive edge, economic value and a long lasting good affect on culture and the setting, according to new exploration from Accenture (NYSE: ACN). Nevertheless, only 7% of respondents have completely built-in their business, technological know-how and sustainability methods these days.

This press release capabilities multimedia. Watch the comprehensive launch listed here: https://www.businesswire.com/information/home/20220606005947/en/

As corporations established more bold ESG targets, their sustainability and know-how techniques need to become more tightly aligned to acquire competitive advantage, money worth and a long lasting positive effects on culture and the ecosystem, according to new research from Accenture. (Picture: Enterprise Wire)

All 560 organizations surveyed as aspect of the report, Uniting Technological innovation and Sustainability: How to Get Total Worth From Your Sustainable Technological know-how System, ranked technology as critical or really essential for attaining their sustainability targets. Even though providers see obvious worth in obtaining an built-in strategy, they cite a lack of options and specifications (40%), complexity (33%) and lack of awareness of unintended implications of technological innovation (20%) as barriers to reaching their aims. This gap in between intent and motion leads providers to make trade-offs between company and sustainability targets – trade-offs that can be diminished or removed with a holistic, sustainable technological innovation system.

Chief Information and facts Officers (CIOs) can perform a essential position in supporting their company’s total transformation efforts and ought to have a seat at the table on sustainability choices. But most do not. In fact, only 49% of CIOs are section of the management workforce location sustainability aims, and just 45% are assessed on attaining these targets.

“Each individual company have to be a sustainable business enterprise and technological innovation is a crucial and fundamental enabler –from strengthening transparency and traceability in worldwide source chains, to supporting measure and decrease carbon emissions,” mentioned Sanjay Podder, Technological innovation Sustainability Innovation guide at Accenture. “It is no extended simply just optional to put sustainability at the core of how businesses run. A sustainable technology strategy – 1 that embeds sustainability in engineering, drives sustainability by technological innovation, and scales sustainability by engaging the ecosystem – will enable corporations provide 360° benefit and contribute to the achievement of their broader sustainability aims.”

An successful sustainable technological innovation approach can help generate enterprise expansion and ESG efficiency by providing on 3 vital imperatives:

  1. Sustainability by technological know-how: Utilizing the ability of technology to allow and accelerate sustainability efforts throughout the organization. Ninety-two per cent of providers surveyed intention to obtain internet-zero targets by 2030, which will involve deployment of superior systems to measure, reduce and eliminate an organization’s carbon footprint. Technological know-how is also critical for shifting toward accountable price chains endorsing sustainable possibilities for clients and developing a sustainable group. Of the businesses surveyed that productively minimized emissions in output and functions, 70% used synthetic intelligence (AI) to do it.

  2. Sustainability in technological innovation: Shielding individuals and the planet by making technology alone progressively additional sustainable. As additional men and women go on-line and the use of engineering raises, so do the carbon emissions from IT. Embracing environmentally friendly software that is equally carbon effective and carbon knowledgeable building trusted techniques that include privacy, fairness, transparency, robustness and accessibility and instituting the right governance mechanisms ought to be prioritized. Only two of the 560 businesses surveyed mentioned they look at power efficiency at all levels of the software growth lifecycle, indicating appreciable place for improvement. The report identifies a sturdy eco-friendly application growth framework that prioritizes materials emissions locations including the application improvement lifetime cycle, as effectively as environmentally friendly digital expertise, cloud, edge, information facilities, AI, dispersed ledger technology and infrastructure.

  3. Sustainability at scale: Pursuing breakthrough innovation with ecosystem companions to acquire radically distinct and much more sustainable strategies of carrying out business in the long term. No group can deal with world wide sustainability challenges at scale on its personal. Businesses will have to work past the boundaries of their very own corporations to fulfill the United Nations Sustainable Advancement Objectives (SDGs). Forty-3 % of companies surveyed are now becoming a member of industry collaborations, alliances and advocacy teams concentrated on eco-helpful technology.

Podder added, “Generating and applying a thorough sustainable know-how tactic – 1 that utilizes technologies to drive sustainability at scale whilst also generating technology by itself additional sustainable – is now the main mission of the objective-driven CIO. The responsibility is huge, but the chance to generate new sources of worth and direct the way to a additional sustainable foreseeable future is even greater.”

Accenture is committed to sustainability throughout every single of the 3 imperatives, embedding sustainability in anything it does and with all people it functions with. In fact, 95% percent of Accenture’s purposes are in the general public cloud. A founding and steering member of the Eco-friendly Software program Basis, Accenture is encouraging to established benchmarks and catalyze action across industries. It has produced its have inexperienced software framework, instruments and greatest practices, and has experienced far more than 70,000 of its developers on sustainable application engineering practices. Accenture also collaborates with partners—from the major computer software and cloud organizations to small, disruptive innovators—to assist clients attain their sustainability targets and supply results.

Investigation Methodology
The exploration was performed in September and Oct 2021 by means of a net study. The sample comprised of 560 CIOs, CTOs, main sustainability officers, and all those right reporting to them (administrators, VPs) from corporations with far more than US$1 billion income. The investigate spanned 12 international locations and 11 industries.

About Accenture
Accenture is a world wide professional products and services firm with main abilities in electronic, cloud and protection. Combining unmatched expertise and specialized capabilities across additional than 40 industries, we present Method and Consulting, Technological know-how and Functions solutions and Accenture Song—all powered by the world’s greatest network of Innovative Technological know-how and Intelligent Operations facilities. Our 699,000 men and women deliver on the assure of know-how and human ingenuity each and every day, serving clients in much more than 120 international locations. We embrace the power of improve to create value and shared success for our clients, persons, shareholders, associates and communities. Go to us at accenture.com.

Check out resource version on businesswire.com: https://www.businesswire.com/information/home/20220606005947/en/

Contacts

Hannah Unkefer
Accenture
+1 206 839 2172
[email protected]