How digital solutions are enabling sustainable transformations
Release Date: 02/02/2024
EY Sustainability Matters
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Despite the popular belief that slavery is a thing of the past, it is estimated that slavery affects around 50 million people globally. Human exploitation for labour and other forms of modern slavery are embedded within the supply chains of many of the products and services that we choose to consume regularly, whether we are buying clothes, electronics, or even a bar of chocolate. This is becoming an increasing concern for business as well. Mounting pressure from both legislative bodies that introduce new regulations and a new generation of consumers, who seem to be willing to pay more for...
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In this episode of the EY Sustainability Matters podcast hosted by Bruno Sarda, the discussion centers around the vital collaboration between the public and private sectors in advancing sustainability efforts. Bruno welcomes Ruth Ahchow, EY Global Government and Public Sector Leader for Climate Change and Sustainability Services, who elaborates on the importance of public-private partnerships (PPPs) as key mechanisms for sustainable development, showcasing successful examples from around the world, including the Asia-Pacific region. Bruno and Ruth discuss how recent political shifts in...
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The relationship between business and sustainability is evolving. As awareness of its importance – and value – grows, so does the recognition that responsibility for addressing the subject is not confined to specific sustainability roles. Indeed, growing opinion is that every job within an organization can and should be considered a sustainability job. In this episode, EY Americas Climate Change and Sustainability Services Leader Bruno Sarda sits down with Pia Heidenmark Cook, a former Chief Sustainability Officer at IKEA and now senior board member, speaker and sustainability advisor, and...
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With the world in the midst of a global polycrisis, the New Economy Unit (NEU) — a global research group at the EY organization — was established to look at the key economic forces at play and the leading business practices needed to create a sustainable future. Host Bruno Sarda discusses the NEU and a bigger idea of regenerative business transformation it represents with Matt Bell, EY Global Leader, Climate Change and Sustainability Services, and Anastasia Roussou, EY Head of New Economy Research Unit, in London. Moreover, the discussion covers the work the NEU does with the activist and...
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In this episode, Bruno Sarda, host of the EY Sustainability Matters podcast, meets with prior guests to talk about the significant developments in sustainability over the past year, ahead of the upcoming UN Climate Change Conference or COP29 in Baku, Azerbaijan, later this November. Amy Brachio, EY Global Vice Chair for Sustainability, and Matt Bell, EY Global Leader for Climate Change and Sustainability Services, share their experiences from the 2024 New York Climate Week . They discuss the transition from addressing environmental issues in siloes to a comprehensive view that...
info_outlineIn this episode of the EY Sustainability Matters Podcast, host Bruno Sarda discusses with Mary de Wysocki, Chief Sustainability Officer at Cisco, how companies can leverage technology for a more sustainable future.
The intersection between business, technology and sustainability is accelerating, with companies increasingly digitizing their operations. This can significantly reduce waste, energy and materials required to deliver products and services. However, de Wysocki warns that if digital transformation is not done in a sustainable manner, it could have a damaging effect on our planet due to the large energy needs of cloud service providers and data farms.
Companies need to integrate sustainability into their digital transformation strategies and harness the value of data to drive these initiatives. De Wysocki also emphasizes the importance of deploying emerging technologies like Artificial intelligence (AI) and automation responsibly, considering the social dimensions such as ethics, privacy information, security, digital equity and human rights.
Cisco is already embedding sustainability into its operations and moving towards a regenerative, green future. They have set three priorities in its environmental strategy - accelerating the transition to clean energy, evolving the business from linear to circular, and investing in resilient ecosystems. Cisco is also working on developing a data strategy to create consistent sustainability data across the enterprise, with rigorous reviews to ensure reliability and trust.
De Wysocki concludes by highlighting the importance of partnerships and collaboration for achieving sustainability goals and emphasizes the need for inclusivity and a healthy planet for future generations.
Key takeaways include:
- Digital technologies, like AI and automation, have the potential to transform the environmental impact of companies, reducing waste and lowering energy use.
- There are environmental impact risks posed by intensive energy users like the Information and Communications Technology sector and cloud service providers if not powered by clean energy.
- Sustainability needs to be integral to business strategy, with an emphasis on a “regenerative future”.
- Challenges include managing greenhouse gas emissions, addressing digital equity issues and appreciating the role of nature-based solutions in mitigating climate change. Companies should increase their commitment to transparency and accountability, and look to create partnerships in their value chain.
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