This is a really insightful article from BCG. Sustainability is at the top of corporate agendas worldwide, and environmental, social, and governance (ESG) goals have become major considerations in companies’ digital transformation programs.
In BCG’s latest research into digital transformations, more than 60% of survey respondents listed ESG factors as a primary focus or a key criterion for selecting and prioritizing digital initiatives, and more than 80% of companies plan to increase their investments in sustainability. The surprising conclusions is that these %’ages vary so widely depending on the industry the company sits in. That said, companies that are successful at digital transformation are almost twice as likely to view ESG goals as a key focus of digital initiatives.
BCG site the 5 digital building blocks of a corporate sustainability agenda as”
- Sustainability and growth need to be thought about together,
- You cannot systematically reduce what you can’t measure,
- Dynamic environments mandate digital decision making support,
- Risk tracking, monitoring, and mitigation is more important than ever, and
- Access to platforms and ecosystems is key.
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