Most businesses still treat sustainability as compliance, not transformation: study – Which-50

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Andrew Birmingham 2020-11-23

Too many businesses still treat environmental management and intelligence as a tick-box ‘compliance exercise’ (51 per cent) and the ‘cost of doing business’ (43 per cent), rather than a transformational opportunity. 
That’s a key finding from a new report by Frost & Sullivan, which partnered with Australian technology company Envirosuite to produce  Environmental Intelligence: driving business growth in a changing climate.
The authors of the report write that it reveals how some organisations plan to unlock business value from environmental intelligence, while others are left lagging behind — even as sustainability becomes a key business driver.
According to Peter White, CEO of Envirosuite, in response to the formidable environmental challenges impacting growth outcomes for organisations across the globe, the transformative concept of Environmental Intelligence (EI) is emerging and gaining momentum. 
“What we’ve discovered is that Environmental Intelligence is something that isn’t just good for communities and the environment. It’s a growth driver, contributing to increasing sustainability and profitability. It’s now shifted from compliance to business-critical and offers a competitive edge.”
EI is an evolution of environmental management — a technology-driven process harnessing the power of big data, machine learning and analytics tools to produce real-time visualisations, …

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