Sustainability is the ability to endure without endangering or depleting natural resources for future generations. Societies are dependent on the preservation of our ecosystem and sustainability of the environment. Extended stakeholders (the environment, local communities, activist organizations, and the larger society) have the ability to influence the future of business. It is imperative to factor in social and environmental aspects as important dimensions of businesses.
Sustainability is no longer a choice. Organizations must be environmentally conscious and look at it as a means to earn respect and trust as responsible businesses. It also presents tremendous opportunities to engage with stakeholders and act as catalysts for innovation.
A 2009 Business Council and Conference Board survey indicates that almost two thirds of CEOs in the U.S. believe sustainability has become a mainstream concern for businesses. 81% of respondents agree that business leadership will increasingly be judged by their ability to create enterprises that are economically, socially and environmentally viable.
IT plays a significant role in enabling the corporate sustainability journey. It can be used to effectively measure, monitor and report usage of energy and resources, account for carbon emissions, and integrate production control systems. It also identifies opportunities for optimization, enabling smart solutions across smart grids, green logistics, mobility, process optimization, and green IT.
Infosys recognizes sustainability as part of global economic and social well-being. Sustainability in businesses can be driven through three key factors - Social Contracts, Resource Intensity and Green Innovation.