The sustainability challenge: making it happen together
Organisations need to rethink their business and operating models as the impact of climate change drives a shift in investor, market, regulatory, customer and employees’ behaviour and expectations. However, many are struggling to implement sustainability across their entire operations.
We believe there is a massive opportunity. Leadership must therefore make holistic sustainability transformation a core priority, by empowering and mobilising people and resources for execution.
We, at BearingPoint, have been advising clients for more than decade on sustainability issues, focusing on the key challenges they, their people, their customers and their suppliers face.
Damien Palacci, Global Lead Sustainability
According to the latest IPCC report, less than 1% of the objective to decarbonise the world economy by 2050 has been achieved. In the face of this urgency, an increase in environmental constraints on companies seems unavoidable. Companies must act now and not wait for regulation, which will most likely result in accelerated and costly decarbonisation of their production processes.
The ecological imperative, the growing expectations of customers and employees, and financial market preference for companies with a sustainable business strategy are all reasons to place sustainability at the top of the executive committee’s agenda.
The premium electric vehicle manufacturer, Polestar, needed to get a clear view of its sustainability strategy and to prioritize initiatives, while aligning them to its global strategy. By leveraging sustainability expertise and best practices, BearingPoint helped Polestar to define a strategic roadmap that enables their supply chain to increase climate neutrality, circularity, transparency, and cultural inclusion for a green future.
The new mood barometer examines the topic of sustainable insurance. It becomes clear that the majority of consumers in Germany, Austria and Switzerland expect a high level of commitment from insurance companies when it comes to sustainability, transparency and traceability.
The new survey asked consumers how important sustainability is to them with regards to financial investments. While interest in sustainability in financial investments is increasing among the younger generation, security and return on investment remain the decisive aspects for older consumers.