Building tomorrow's sustainable enterprise
CXOs are increasingly looking at Sustainability as one of the most important challenges facing their business and also as an opportunity to build competitive advantage.
In the next few years, companies will grapple with the execution challenges of meeting Sustainability goals. Successful execution of complex Sustainability initiatives will have a profound transformational impact and will influence the entire ecosystem including clients, employees, partners, suppliers, local communities and society at large.
Infosys focuses on helping clients in 'Building Tomorrow's Enterprise' and 'Sustainable Tomorrow' is central to this strategic market focus. Our Sustainable Tomorrow framework addresses three key dimensions:
- Social Contract
Addresses the need for businesses to be granted an implicit license by key stakeholders to conduct their business in a transparent and a sustainable manner. This enhances brand value and reputation based on real initiatives that make a real impact on environment, social and economic issues
- Resource Intensity
Seeks ways to do more with less, conserving precious natural resources, eliminating waste, reusing/ recycling raw materials and finding suitable substitutes. These include achieving energy efficiency across the enterprise, lowering CO2 emissions to meet emerging regulations as well as lowering cost and improving efficiency
- Green Innovation
Addresses issues around skill sets, innovation and collaboration frameworks, partnerships and alliances, co-creation, research and analytics. Outcomes include building new products and services for the Sustainability market, thereby creating new engines for growth and profits
- Complexity and transformative nature of enterprise-wide Sustainability initiatives: Successful Sustainability initiatives demand an intimate understanding of the business, Sustainability goals and metrics to measure success, enterprise data models, enterprise technology architecture and footprint, effective communications, program and change management, and executive sponsorship
- Skill scarcity: There is a scarcity of experienced Sustainability consultants in the areas of carbon management, Sustainability reporting, green IT, energy efficiency, corporate social responsibility and related areas.
- Organizational and behavioral change: Most Sustainability initiatives need to percolate deep into organizational processes. This will require significant employee engagement, change management, education and training efforts.
- Budgets: Organizations need to aggressively make investments in their Sustainability initiatives while constantly driving ways to lower the cost of ownership and establish clear ROI.
- Align Sustainability with the organization’s core strategy and values to ensure that it is a guiding principle in all initiatives.
- Build your brand and reputation around Sustainability and improve engagement with your employees, customers, investors, suppliers and other stakeholders.
- Tap new markets, customer segments and revenue streams through innovative new products and services that are inspired by your Sustainability goals.
- Manage regulatory compliance needs and risks arising from energy and resources price / supply volatility.