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The study Tech Accelerate 360 ፡ Climate Action with Data-Based Awareness Of the 58% of senior executives who agree that their organizations have sustainable business practices in the environment – sustainability leaders – 40% have found that they have better business performance than other respondents. These leaders also say that their organizations have adopted new technologies (70% and 45% from other respondents) over the past two years, which shows that thinking companies in the future will often lead many innovative fronts. They understand the importance of using digital technologies and information in their organization as well as the need to put environmental sustainability practices in the forefront of their businesses.
For those sustainable leaders, technology plays a vital role in helping them achieve their goals. Half of the respondents are aware of the potential of artificial intelligence (AI) and 40% see the potential for advanced analytics to advance their climate-related goals. Conversely, people with less established systems are less likely to value these technologies. This shows a continuing and widening gap between those leaders who know how to use AI, data and analytics, and those who do not and do not use them to create lasting value for their organizations.
The study reflects the input of senior executives from 510 major international organizations. It examines the challenges and opportunities that businesses face when looking for responsible businesses, investors, and employees, and regulators set more environmental, social and management (ESG) reporting requirements.
“As businesses struggle with economic instability, it is time to identify, manage and reduce the risks associated with ESG that can have a significant impact on the environment and the company’s long-term sustainability and profitability,” he said. Katie SteinChief Strategic Officer and Global Business Leader for Enterprise Services and Analytics, Genpact. “We believe that organizations led by smart, efficient and informative action plans will be successful. Combining advanced analytics, AI and automation with human judgment will play an important role in helping enterprises make meaningful changes that build strong companies. Healthy environment and strong communities.”
Monitoring environmental sustainability using information-driven insights
Businesses can no longer ignore or play lip service for environmental sustainability. As regulators do more research on ESG practices, companies need to pay more attention to how they monitor both their initiatives and their overall supply chain systems using data-based insights.
Perhaps not surprisingly, survey-driven surveyors are more likely to use information and insights to help their partners improve with their sustainable goals (58% vs 47% of other respondents).
However, these sustainability leaders are less likely to monitor performance, report emissions, or follow regulations than other respondents. All companies have more work to do as governments and regulatory agencies continue to ask stakeholders to provide consistent, affordable and reliable climate information.
Leading the race against climate change
Genpact’s partnership with Formula E Group, Envision Racing, is a prime example of how companies can use AI and analytics to quickly gather insights, track and report on sustainable goals. In addition to continuously enhancing the team’s track performance, the two organizations are working together to achieve climate change goals and use information and innovations to prevent climate change.
As the greenest team on the green grid, Invasion Racing In 2020, it became the first carbon-neutral group to be certified carbon-neutral. Envision Racing helps you optimize, analyze, and automate your carbon emissions collection. Information to report and maintain carbon-neutral levels. As a result, the team was able to reduce its time spent on carbon offsets by 50 percent. Genpact’s Envision Racing team has built a carbon calculator that uses AI and analytics to encourage green travel decisions. It collects information such as the distance between two places and uses a machine learning model to predict what the trip will include and provides group travel recommendations based on carbon output.
Envision Racing and GenePact work can be seen in action in E-Prix in. New York City Later this week July 16 And 17, and in London On July 30 And 31.
“GenePact’s latest research emphasizes the deep belief in the innovation race. Successful organizations can only win if our planet is developed. Fighting climate change is the key to working for us.” He said. Jennifer BabingtonDirector of Operations and General Advisor at Envision Racing. “By incorporating automation into our carbon reporting process, Genpact has not only improved speed and accuracy but also made the presentation more user-friendly so it will enable us to make sustainable choices so that we can easily understand and compensate for our carbon consumption.”
GenePact report in collaboration with FORTUNE Brand Studio is the second in three series. Tech for Process 360, Analyzing how companies use technology to create an impact beyond the bottom line. The study examines how businesses operate for three different purposes: enhancing employee experience; Delivering environmental sustainability; And achieve diversity, equity and inclusion.
See https://www.genpact.com/tech-for-progress/environmental-sustainability for more information
About research
Genpact and FORTUNE Brand Studio throughout the US, UK Germany, Australia, JapanAnd Canada A.D. By the end of 2021, companies will be looking at how to use technology beyond the main line by examining progress to three different objectives: enhancing employee experience; Strengthening communities with diversity, equity and inclusion; And Environmental Protection While 30% of respondents hold C-level positions, the rest are at the director level or higher. Respondents represent the sectors of finance, IT / technology, supply chain (purchase, operation / production, compliance), general management, digital innovation, business transformation, sales, marketing and human resources. All respondents report the company’s annual revenue $ 1 billion Or more.
About Genpact
Genpact (NYSE ፡ G G) is a global professional service provider that makes business transformation a reality. Guided by our mission – constantly pursuing the world that works best for people – we work with our clients on digital-led innovation and digital enabled intelligence. Guided by our experience of re-creating and processing thousands of processes for hundreds of customers, we are leading the global Fortune 500 companies, real-world change. We design, digitally develop and solve problems with information and analysis. From top-to-bottom operations and our AI-based platform, Genpact Cora, we focus on the details – we are all 100,000+. From New York to New Delhi, and more than 30 countries in between, we connect every point, re-evaluate each process, and re-create the way companies work. We know that reconsidering every step of the way can lead to better business results. In any case, we will be with you – to accelerate digital change and create bold lasting results – because change happens here. Contact us at Genpact.com and LinkedIn. TwitterYouTube and Facebook.
Media Contacts
America
Daniel de Angelo
[email protected]+1 914-336-7951
Australia:
Neha Chopra
[email protected]+ 61 466-626-580
Europe/ UK mourning
Judith Shunke,
[email protected]+44 (0) 7887 661155
India:
Ropanki Calra
[email protected]+91 9971634388
Japan:
Satoko Hashiba
[email protected]+81 80 4944 3907
Source Genpact
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