Submitted by Centre for Sustainability & Excellence (CSE)
While the concepts of sustainability, ESG risks, carbon reduction and corporate responsibility have reached the mainstream, between policymakers, company board members, media, consumers and the society in general, opportunities still exist for implementation. At the same time new technologies and policies and consumer expectations will require from organizations to provide news sustainable solutions, services and products.
Here are the hottest trends to watch for and prepare for 2020 and beyond:
The impact of the Sustainable Development Goals (SDGs) will continue to grow. More and more companies will use them to align their strategies, goals and reporting with the efforts of the United Nations. Last year, a 124% increase (since 2015) to the number of companies referencing and reporting the Global Goals was observed.
Climate change is becoming climate crisis and carbon tax in Europe, following Canada, will have an impact to global or other companies with operations there.
ESG ratings are booming and will have a potential negative impact to companies with no Sustainability plan and sustainability reports that want to have access to capital from investors.
Sustainability-ESG reporting will continue to grow as companies understand its importance for improving stakeholder transparency, integrity and reliability, as well as improving their ESG ratings.
More and more companies are expected to invest in creating ethically sourced, sustainable product lines in order to maintain the ever-conscious millennial consumer and compete with new brands.
Rise of A.I. and Blockchain tools on sustainability. Based on the World Economic Forum report, 10% of GDP by 2025 will be stored on Blockchain and similar technologies.
Policies for the end of plastic and smart incentives for the use of electric vehicles and related green technologies will start dominating the North American marketplace.
Expect Generation Z-ers, who are the real early adopters and digital natives, to demand better and easier-to-use technology, more flexibility in the workplace, more active corporate policies to climate change, and greater degrees of acceptance and transparency
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