Organisations in India that embed sustainability are 41 per cent extra more likely to attribute nice enchancment in income from their sustainability efforts and are 90 per cent extra more likely to outperform their friends on profitability.
The research additional discovered that spending on sustainability reporting exceeds spending on sustainability innovation by 38 per cent in India indicating demand for options that facilitate environment friendly knowledge administration and reporting. Embedding sustainability into all operations will bridge the intent-impact hole for long-term worth creation in enterprise.
“In at this time’s enterprise world, sustainability has advanced from being elective to indispensable. With AI reshaping industries, integrating sustainability into core enterprise practices add to the long-term worth creation. The dedication of companies to put money into Gen AI for sustainability indicators a promising transfer in direction of a greener, extra affluent future,” stated Sandip Patel, Managing Director, IBM India Personal Restricted.
Additionally learn: Why India Inc is sluggish to undertake AI tech
In India, 78 per cent executives surveyed agree that sustainability drives higher enterprise outcomes, and 68 per cent agree that sustainability is central to their enterprise technique. On the identical time, 62 per cent say that sustainability must be a better precedence of their organisation.
Additional, 86 per cent of government respondents agree that high-quality knowledge and transparency are obligatory to attain sustainability outcomes. An absence of requisite expertise was recognized as the highest barrier to sustainability progress by 44 per cent executives.
At the very least 63 per cent of executives surveyed agree that generative AI can be essential for his or her sustainability efforts. Organisations that embed sustainability spend barely much less on devoted sustainability efforts as a share of their income in comparison with organisations that don’t embed.
At a world degree, these organisations are additionally 191 per cent extra more likely to have aligned their knowledge and sustainability methods to an important extent, and 80 per cent extra more likely to be utilizing AI for sustainability to an important extent. Solely 28 per cent of Indian executives surveyed are incorporating sustainability knowledge and insights into operational enhancements to an important extent. Nearly half (47 per cent) of Indian organisations nonetheless battle to fund sustainability investments, stated the report.
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