To answer the call of sustainability in the coming decade, every enterprise should have a robust set of sustainability commitments, and these should be mission related. For instance, Yale’s Goodall says if you’re a shipping company, focus on fleet efficiency; if you are a tech firm, innovate for global solutions; if you are a higher education institution, research solutions and prepare the next generation of leaders to enter into the workforce fully prepared for the global reality they will face.
Technology will help. World Economic Forum’s Merritt gives this example: “By enabling cities and businesses to leverage realtime data to drive decisions and enact more responsive operations, we can see dramatic improvements in the efficiency and sustainability of services. Energy-management systems in buildings are a great example of this and have been shown to generate a reduction of energy consumption by 20% or more. This is a win-win for business and the environment.”
In fact, under the umbrella of sustainability, more specific trends for 2020 include smart buildings and the use of technology to achieve energy and operational efficiencies and digital supply chain, including leveraging the IoT for automation and enhanced end-to-end visibility.