A healthy and sustainable environment is crucial to our personal, economic and social wellbeing. Climate change is a threat to humanity at large, and its effects impact billions of people around the world. In today’s global economy, technology companies are expected and required to take purposeful action toward creating meaningful environmental, social and governance (ESG) advancements. Businesses have been the main driving force behind many of the incredible advances in technological capabilities that enhance our everyday quality of life and fuel the global economy, and many are paying more attention to their environmental impacts, as climate change threatens the health and wellbeing of communities all across the globe.
Technology companies are stepping to play a major role in reducing the impact of human-generated activities on the environment. Demands for more sustainable practices from employees, customers, partners, government agencies and other stakeholders are influencing the way technology companies operate and run their businesses. While written agreements and plans for implementation are a great starting point, technology companies need to execute the purposeful actions they have committed to when it comes to company-wide ESG initiatives.
Reducing carbon emissions is key to organizational sustainability efforts. Analyzing your manufacturing processes, supply chain logistics and closed-loop, end-of-life service offerings can highlight key areas for sustainability improvements. For example, reducing the number of shipping trucks on the road can have a significant impact on greenhouse gas emissions. And repairing equipment in a closed-loop supply chain means extending product lifetime value. Companies are practicing ethical process today to pave the way for a more sustainable future. The need for sustainability isn’t going away — the choice is to get on board or get left behind.
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