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According to a study conducted by Oxford Economics and SAP, 74% of digitaltransformation leaders said they’ve seen an increase in customer loyalty, 70% have seen an increase in new revenue streams, and 59% have seen a reduction in costs as a result of rethinking linear business models toward greater circularity.
Without a realistic, actionable plan in place, companies are either ignoring climate impacts or simply greenwashing. Overall, 42 percent of respondents strongly agreed that their organization is committed to leveraging data analytics and digitaltransformation to manage their energy and sustainability programs.
Taxonomy aims to enable the financial sector to classify green activities, facilitate monitoring of credit and investment flows, and prevent greenwashing. Indonesian president Joko Widodo announced the launch of the country’s green taxonomy at the country’s 2022 Financial Services Industry Annual Meeting on 20 January.
Sceptics remain unconvinced , their reservations over financial institutions’ commitments reinforced by news of further regulatory crackdowns on greenwashing, this time at Goldman Sachs , accused of overstating the credentials of its green funds.
The Smart Africa Secretariat and Ericsson have entered a collaboration that will support Smart Africa Digital Academy (SADA)’s mission of promoting digitaltransformation across Africa through education and capacity development. He wrote: “The climate movement desperately needs another story. does not work.
This week in ESG news: BNP Paribas faces first-ever commercial bank climate lawsuit; HSBC unveils new financed emissions goals; Republicans urge Congress to block ESG investing rule; Allianz to vote against companies who don’t tie pay to ESG goals; United Airlines launches venture fund for sustainable aviation fuel startups; India proposes ESG investing (..)
A transparent approach that quantifies the financial value of initiatives that also benefit customers, employees, and the environment can help companies avoid accusations of greenwashing and the financial losses that result from green hushing. He is currently the director of sustainability strategic partnerships and initiatives for Capgemini.
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