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Sustainability trends: 5 issues to watch in 2024

IBM Big Data Hub

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. trillion to the global economy by 2050. Reporting is also becoming critical to corporate social responsibility initiatives.

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Elevate your digital transformation with impactful sustainability

CIO Business Intelligence

These priorities are concretely influencing IT buying decisions: According to a global survey by Enterprise Strategy Group, 98% of IT decision-makers report that IT suppliers’ environmental, social, and governance (ESG) programs influence their IT purchasing decisions, and 85% have eliminated a potential technology supplier due to ESG concerns. [1]

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Scope 3 is coming: CIOs take note

CIO Business Intelligence

And scope 3 reporting—an account of carbon emissions across the supply chain to build equipment, provide professional expertise, or deliver a subscription service—may be the most rigorous and challenging requirement. And scope 3 reporting for one company depends on scopes 1 and 2 reporting from the next company upstream in the supply chain.

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The EU’s Corporate Sustainability Reporting Directive explained

IBM Big Data Hub

The Corporate Sustainability Reporting Directive (CSRD) reached a provisional political agreement in June 2022, signaling it will take effect in January 2024 for all relevant companies. This move aims to achieve more complete and transparent sustainability reporting across the region. CSRD on track to enter into force in 2024.