The UNFCCC recently released a report stating that national climate action plans are inadequate for achieving the goals of the Paris Agreement and limiting global temperature rise to 1.5 degrees Celsius. The report also highlights the need to reduce greenhouse gas emissions by 43% by 2030.
Looking ahead to 2024, the focus will shift to technological solutions for sustainability issues. Businesses have recognized the importance of sustainability and are aligning their strategies accordingly. It is crucial for IT decision makers to prioritize sustainable growth over unlimited expansion, as consumer confidence and demand are essential for a healthy investment climate.
As we approach 2024, technology and innovation are becoming increasingly powerful tools for addressing sustainability challenges. Decision makers should take advantage of these capabilities by using modern algorithms to streamline processes and prepare for the impact of sustainability policies. The growing demand for cloud services and artificial intelligence will also drive a need for more sustainable practices.
The growing demand for sustainability has led to an increase in specialized sustainability roles and a shift in traditional job responsibilities. IT decision makers should reconsider the sustainability skills within their teams and be willing to undergo re-skilling when necessary.
Supply-chain transparency has become a priority for companies, with a focus on reducing indirect emissions in the supply-chain. Scope 3 emissions, which often exceed direct emissions, are being closely monitored. Leaders should actively measure and analyze these emissions, making necessary changes when partnering with third-party tech and digital infrastructure suppliers.
In summary, 2024 will see a focus on responsibility and innovation in a changing business environment. Businesses that embrace these trends will not only navigate future challenges successfully but also lead the market with a consciousness-oriented approach.