Sustainability is a very important concept which means being able to fulfill the needs of today without compromising and over utilizing natural resources to allow for future generations to sustain and fulfill their needs.
Sustainability is considered one of the biggest disruptors for businesses and is bound to force businesses to change the way they operate to be able to keep up with the future. Sustainable transformation requires a deep understanding of the emerging trends with regards to technology, customers’ and stakeholders’ expectations. New business strategies and models can allow for businesses to incorporate more efficient and sustainable practices.
Leading organisations across the world are beginning to identify the significance of conducting business in a greener manner and using this as an opportunity to create a competitive advantage for themselves. In today’s world as more and more people understand the impact of going green, most customers and investors are starting to favor companies that conduct business in a green manner.
The first step towards driving sustainable transformation is emphasizing on decarbonisation and ensuring that a business can reduce its carbon footprint. To successfully decarbonise operations, companies need to invest in tracking data across different business units and geographies to understand and evaluate their environmental footprint. Implementing clean technology and renewable energy sources while working towards optimising and minimising usage of resources wherever possible is key. Understanding the impact across the value chain and how to reduce emissions while managing unknowns and trying to reduce the overall environmental impact over a long run are some important ways in which an organisation can strive for decarbonization.
The Sustainable Transformation MENA Summit taking place on 20 - 21 June 2023 in Dubai will bring together key stakeholders from across governments, policy makers and project owners. The main objective of the conference is to address the current issues surrounding the UAE’s bid to achieve net-zero by 2050.