Post by account_disabled on Feb 14, 2024 2:39:58 GMT -5
On the horizon of the year 2024, there are five key trends that will shape corporate sustainability, understood as the practices and policies adopted by companies to ensure that their economic activity not only seeks financial benefit, but also considers and minimizes its negative impact on the environment and society. These trends will not only set the course for companies, but will also have a significant impact on society. From the protection of workers in the face of the rise of artificial intelligence (AI) to the promotion of electric vehicles, through attention to the indirect emissions of companies and the fight against "greenwash" (false or exaggerated practices of a product, service or company in relation to its commitment to sustainability), these trends reflect the commitment of companies to balance economic growth with social and environmental responsibility. Knowing and adapting to these trends is not only an act of social responsibility, but also a smart strategy for long-term success in a world where business sustainability is an increasingly critical factor. Without further ado, these are the 5 trends in sustainability 2024, according to Eco-Business . 5 trends in sustainability 2024 1. Worker protection in the age of AI The rapid advancement of technology, especially generative artificial intelligence, has sparked a crucial debate on worker protection. The popularity of platforms like ChatGPT, which attract millions of users, has led to widespread calls to ensure automation improves the work environment rather than threatening jobs. A report from market research firm Mintel Trends reveals that in the Asia Pacific region, concerns about job obsolescence due to AI affect half of respondents, although 57 percent admit to knowing little about AI.
In the same analysis, 69 percent of respondents said they were opposed to buying from companies that behave unethically by misleading consumers and mistreating employees, while 73 percent said companies should do more to address inequality, such as fair wages and support for vulnerable populations. 2. Rise of electric vehicles While China leads in the adoption of electric vehicles (EVs), developing countries such as India, Thailand and Indonesia are moving quickly to build their own EV industries. Despite high initial prices and lack of charging infrastructure, these countries are offering incentives and attracting investments to encourage EV Romania Phone Number List production and adoption. China's Hainan province's ambitious goal of eliminating traditional vehicle sales by 2030 marks a significant milestone in the transition to sustainable mobility. 3. Scope 3 emissions disclosure in focus According to Sustainability Trends 2024, attention is increasingly focused on indirect emissions from companies, known as “Scope 3”. Companies around the world face increasing expectations to disclose not only their direct emissions, but also those from their suppliers and end users. Additionally, the implementation of disclosure standards by the International Sustainability Standards Board , an independent private sector body that develops and approves IFRS Sustainability Disclosure Standards, and government pressure are driving corporations to take proactive measures to improve compliance. transparency and reduce its overall environmental impact.
End to greenwash Trust and transparency will take center stage in environmental, social and corporate governance (ESG) initiatives. According to the Mintel study, 74 percent of respondents in Asia Pacific expect brands to lead the fight against environmental issues and promote climate solutions. With growing concerns about greenwash, companies must clearly and transparently communicate their efforts to reduce food, energy and water waste, as well as their commitment to circular business practices and reinvesting profits in sustainable initiatives. . 5. Impact of the elections on the sustainability agenda With national elections scheduled around the world in 2024, the question arises as to how these will affect the sustainability agenda. Although many incoming administrations are expected to continue previous policies related to climate change, there are concerns about a lack of attention to negative environmental impacts in sectors such as nickel mining in Indonesia. Observers warn of the need to address the environmental and social challenges inherent in certain industries, regardless of election results. In short, the year 2024 promises to see profound changes in the area of sustainability, from worker protection to the acceleration of electric mobility and renewed attention to environmental disclosure. These trends, while signaling a focus on the Asia region, reflect growing global awareness of the need to address environmental and social challenges holistically, marking a significant step towards a more sustainable future.
In the same analysis, 69 percent of respondents said they were opposed to buying from companies that behave unethically by misleading consumers and mistreating employees, while 73 percent said companies should do more to address inequality, such as fair wages and support for vulnerable populations. 2. Rise of electric vehicles While China leads in the adoption of electric vehicles (EVs), developing countries such as India, Thailand and Indonesia are moving quickly to build their own EV industries. Despite high initial prices and lack of charging infrastructure, these countries are offering incentives and attracting investments to encourage EV Romania Phone Number List production and adoption. China's Hainan province's ambitious goal of eliminating traditional vehicle sales by 2030 marks a significant milestone in the transition to sustainable mobility. 3. Scope 3 emissions disclosure in focus According to Sustainability Trends 2024, attention is increasingly focused on indirect emissions from companies, known as “Scope 3”. Companies around the world face increasing expectations to disclose not only their direct emissions, but also those from their suppliers and end users. Additionally, the implementation of disclosure standards by the International Sustainability Standards Board , an independent private sector body that develops and approves IFRS Sustainability Disclosure Standards, and government pressure are driving corporations to take proactive measures to improve compliance. transparency and reduce its overall environmental impact.
End to greenwash Trust and transparency will take center stage in environmental, social and corporate governance (ESG) initiatives. According to the Mintel study, 74 percent of respondents in Asia Pacific expect brands to lead the fight against environmental issues and promote climate solutions. With growing concerns about greenwash, companies must clearly and transparently communicate their efforts to reduce food, energy and water waste, as well as their commitment to circular business practices and reinvesting profits in sustainable initiatives. . 5. Impact of the elections on the sustainability agenda With national elections scheduled around the world in 2024, the question arises as to how these will affect the sustainability agenda. Although many incoming administrations are expected to continue previous policies related to climate change, there are concerns about a lack of attention to negative environmental impacts in sectors such as nickel mining in Indonesia. Observers warn of the need to address the environmental and social challenges inherent in certain industries, regardless of election results. In short, the year 2024 promises to see profound changes in the area of sustainability, from worker protection to the acceleration of electric mobility and renewed attention to environmental disclosure. These trends, while signaling a focus on the Asia region, reflect growing global awareness of the need to address environmental and social challenges holistically, marking a significant step towards a more sustainable future.