IDC FutureScape Sustainability/ESG 2023 Predictions - APeJ Implications Excerpt
Sustainability has become more than a buzzword but an integral part of business in the Asia Pacific region lately. External pressure from stakeholders (e.g. investors, regulators, end-users, environmental system partners and clients) and the opportunities a company can derive from sustainability initiatives have become key factors of sustainability popularity.
An Opportunity for Growth
The benefits are clear and quantifiable: companies that have chosen to integrate sustainability into their business strategies and operations have reduced waste and optimized costs, improved cost-effectiveness and efficiency in operations, created new revenue streams for sales, helped human resources attract and retain talent, and drove and enabled product and service innovation.
The most apparent opportunity sustainability brings is its impact on market demand. Sustainability initiatives inevitably lead to demand for new tools and services that can precisely meet its requirements.
ESG performance will be a top 3 decision factor for IT equipment purchases. In addition, more organizations will require IT equipment vendors and partners to provide end-to-end visibility of their sustainability processes.
As Tech Providers, what should you do to keep up with these changes and seize the opportunities that arise?
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