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.
To help companies and organizations bring impact and sustainable transformation to the next level, we have integrated I Care, a consulting company specialized in sustainability into BearingPoint.
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
Green is more than just the new black: it is the future color of retail. Sustainability is a crucial topic in retail, notably in the fashion industry, which is considered the second most polluting industry globally and has been criticized and urged to reduce its environmental and social impacts for many years. From sourcing products more sustainably to upstreaming traceability, improving operational efficiency and creating new business models, retailers have several levers to pull to bring about the necessary changes on a global level.
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 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.