The Capgemini Research Institute’s latest global report, ‘A world in balance 2024: Accelerating sustainability amidst geopolitical challenges’, reveals that 84% of executives this year say their organisation is on target to meet its carbon emissions goals and their maturity in adopting sustainable practices has increased steadily since 2022.
“This year’s report shows sustainability projects continuing to build momentum in 2024 despite current headwinds,” said Cyril Garcia, Capgemini’s head of global sustainability services and corporate responsibility and group executive board member.
Sustainability efforts
The report also reveals that nearly three-quarters of executives say that recycling products are a core aspect of their manufacturing strategy, over two-thirds said they were redesigning products to remove fossil fuel feedstock sources, and three-quarters have implemented a water-stewardship program. The numbers increased from 53%, less than half, and 55% in 2022, respectively.
In APAC, 65% of executives prioritise upskilling/reskilling on hard sustainability skills, higher than the global average of 60%. Moreover, 73% of APAC executives say their organisation focuses on water stewardship today.
A sustainable future
“Business leaders have the power and the responsibility to steer us towards a more sustainable economy. Water stewardship, biodiversity preservation, and circular practices are now established as key business imperatives. Executives are very pragmatic, and CO2 reduction must be translated into cost savings. We continue to see sustainability efforts bolstered by new climate tech innovations and regulations. The best way to build trust and credibility with consumers is by demonstrating tangible outcomes and planning for a future with sustainability at its heart,” Garcia said.
