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These two events helped spotlight the links between two global environmental crises, climate change and biodiversity loss. In June 2021, the International Organization of . IDC analysts predicted by 2024, 30% of organizations will use ESG data management platforms to steer ESG KPIs through a centralized system of record for reporting purposes and real-time operational decision-making support. Learn more about incorporating sustainability into your business operations to help create a future with zero emissions, zero waste, and zero inequality. The topics in this report on today's emerging sustainability trends are selected for their high growth across sites including Google, TikTok, Instagram, Reddit, Twitter, YouTube, and Amazon. Here's our breakdown of some of the biggest sustainability trends impacting retail in 2023: Greater transparency, increased regulation Focus on improving delivery to reduce the carbon footprint Rise of the circular economy Eco-friendly, fair workplaces Ethical supply chain Growing role of data and AI in sustainability efforts We extract and organise ecommerce data from over 1,500 online retailers in 40 countries providing daily updates on pricing, assortment size and key attributes. The IMD Alumni Network is a widespread but close-knit global community in a tightly interconnected and complex business environment. Board members and top executives can make a choice today between just complying with the new standards and using this one-time change in mandatory reporting as an opportunity to prioritize sustainability even more as a key component of their strategies. Download this insight brief to learn about the top eight ESG and sustainability trends you should expect to see in 2022 and beyond. Not only are they asking those questions, but they are also planning how to pay back the CO2 debt that the company has created since its creation. Protecting and restoring biodiversity under the Convention on Biological Diversity (CBD) has been on the agenda since 2020. If you've had any better visions, let us know in the comments. COP27 in November 2022 was quickly followed by the U.N.'s Convention on Biological Diversity, known as COP15. Authors: Andrew Angle, Aiste Brackley, Justin Nelson, Laura Street, Mark Lee. In 2023, we think continued geopolitical turmoil, persistent inflation, looming recession and worsening physical impacts of climate change will create new tensions between managing near-term risks and making meaningful progress on longer-term sustainability goals. Therefore, 2023 will be crucial in building on the agreement by 175 countries in 2022 to establish a legally binding treaty to end plastic pollution. In 2023, Environmental Sustainability Will Become A Strategic - Forbes Many corporate leaders find sustainability also helps deepen their organizations sense of purpose to engage and retain a new generation of employees. The Russian attack on Ukraine and subsequent surge of refugees, growing inflation, and lingering concerns about the COVID-19 pandemic also raise doubts about governments ability to ensure an inclusive society. Fundamentally, if we take a long-term perspective, we will deal with climate change. For this to be achieved, companies need to measure direct (scope 1) and indirect (scope 2 and 3) emissions.
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sustainability trends 2023