Intelligent CIO APAC Issue 22 - Page 74

WE HAVE SEEN A RENEWED COMMITMENT FROM ORGANIZATIONS TO IMPLEMENT AND ADVANCE SUSTAINABLE BUSINESS PRACTICES .
INDUSTRY WATCH
• Lead product and service innovation
• Embrace business model innovation
• Harness advanced digital technology
• Integrate sustainability goals and metrics into investment decisions
• Utilize a commonly used measurement framework ( such as GRI , SASB or TCFD )
Looking exclusively at the achievements from leaders , NTT has outlined a set of best practices based off the analysis of the study to help organizations achieve their sustainability goals . These best practices include :
1 . Build the foundation for sustainability excellence . Set a clear sustainability vision , strategy and organizational structure ; monitor performance against sustainability metrics ; and incorporate sustainability deep into the business .
2 . Harness digital innovation to drive sustainability results . For leaders , sustainability and digital innovation are two sides of the same coin . Leaders draw more on digital technologies , particularly the cloud , AI and IoT , and understand that the best results come from interconnecting them .
3 . Build partnerships that work together to deliver on common sustainability goals . Leaders not only work more closely with supply chains ; they also develop ties with a wider range of partners , from multilateral organizations and NGOs to industry and consumer groups .
The publishing of the study coincides with the launch of NTT ’ s Innovation for a Sustainable Future program . Designed to showcase the positive impact of technology , Digital Transformation and research and development to deliver sustainability and social benefits , the program outlines the intersection of technology innovation and the need for long term sustainability .
As part of the program , NTT will provide organizations with information and resources to implement sustainability practices through strategic technology investments and innovation .

WE HAVE SEEN A RENEWED COMMITMENT FROM ORGANIZATIONS TO IMPLEMENT AND ADVANCE SUSTAINABLE BUSINESS PRACTICES .

The goal is for organizations of all sizes to contribute to long-term sustainability that positively impacts people , the planet and prosperity .
Methodology :
To determine how organizations are incorporating sustainability into their business strategies as well as the outcomes of those implementations , NTT and ThoughtLab conducted a comprehensive survey of executives from 500 companies across seven industries and eight world markets from September – October 2021 . p
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