80% of organizations surveyed see great
significance in technology's role to achieve their goals with AI's
predictive analytics offering significant business opportunity
NEW
YORK, Dec. 4, 2023 /PRNewswire/ -- Kyndryl
(NYSE: KD), the world's largest IT infrastructure services
provider, in collaboration with Microsoft, today released the
findings of The Global Sustainability Barometer study. The study,
conducted by Ecosystm, finds that while 85% of organizations place
a high strategic level of importance on achieving their
sustainability goals, only 16% have integrated sustainability into
their strategies and data.
As the world faces an increase in climate-related events and
challenges, there is an urgency among businesses to act now using
technology to drive sustainable solutions. While 80% of
organizations surveyed see great significance in technology's role
to achieve their goals, only 32% believe they are making full use
of it in their organizations.
"Many companies are at different stages of sustainability
maturity," said Faith Taylor, Chief
Sustainability and ESG Officer, Kyndryl. "Companies are
applying technology to unlock the full potential of sustainability.
They are thinking beyond regulatory compliance to pragmatically
execute and advance their sustainability goals."
"Technology has emerged as a key enabler to sustainability
success, and its role will only continue to grow with the advent of
more sophisticated AI tools," said Shelly
Blackburn, Vice President, Cross Solutions Area, Microsoft.
"We are eager to help drive meaningful change and contribute to a
more sustainable future in collaboration with Kyndryl."
Key highlights of the survey include:
- While CEOs and boards have made sustainability and digital
transformation a priority, they need help with integration and
execution of their programs to meet their goals.
- 61% of organizations use AI to monitor energy use, but only 34%
use current data to predict future energy consumption.
- Among stakeholders, customers are the most vocal in advocating
for sustainability policies and practices, followed by employees,
investors and government regulators.
Drivers to Building a More Sustainable Organization
Below are sustainability best practices for driving growth and
improving business outcomes:
- Make sustainability a CEO and Boardroom priority aligned
with finance and technology. Over 50% of organizations entrust
the CEO and the Board with leadership roles in their sustainability
functions. Of those companies that have implemented sustainability
for more than 10 years, only 24% have full alignment with Finance
and 44% with Technology.
- Align sustainability with technology modernization.
Technology can help to automate, modernize and prioritize
sustainability processes and infrastructures. Of the respondents
surveyed, 52% use automation to improve efficiencies and build
sustainable operations, while 48% digitize their workplaces to
support a hybrid work strategy and 47% use technology to reduce the
environmental footprint of their organization.
- Build an Integrated Data Foundation. Streamline data
management for informed decision-making and successful execution of
strategies. A mere 15% of organizations have the capability to
provide their employees with real-time sustainability
dashboards.
- Unleash AI for Predictive Sustainability. Expand the use
of AI beyond reporting to include predictive analytics that assess
Scope 3 risks, forecast energy consumption and anticipate potential
risks such as natural disasters.
- Empower Employees. The study found that 48% lack
dedicated resources or limited internal expertise, which outlines
the need for additional workforce development.
"Faced with record-breaking temperatures and unparalleled
climate-related events, this is a moment that calls for collective
action from governments, industries, enterprises and individuals
alike," said Ullrich Loeffler,
Co-Founder & CEO, Ecosystm. "Together with Kyndryl and
Microsoft, we are honored to make this study available to
forward-thinking organizations everywhere to outline steps they can
take today to drive measurable sustainability impact."
The Global Sustainability Barometer study, conducted by Ecosystm
in collaboration with Kyndryl and Microsoft, was conducted among
1,523 technology and sustainability business leaders across 16
countries in Asia, EMEA and the
Americas. The survey took place between September – October 2023. The survey was conducted across
nine industries and included small to medium as well as global
companies. Learn more about the study, "From Vision to Impact: The
Global Sustainability Barometer."
About Kyndryl
Kyndryl (NYSE: KD) is the world's largest IT infrastructure
services provider, serving thousands of enterprise customers in
more than 60 countries. The company designs, builds, manages and
modernizes the complex, mission-critical information systems that
the world depends on every day. For more
information, please visit www.kyndryl.com
Kyndryl Press Contact
press@kyndryl.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/kyndryl-collaborates-with-microsoft-and-finds-only-16-of-organizations-integrated-sustainability-into-their-strategies-while-most-view-technology-as-key-to-achieving-their-goals-302003968.html
SOURCE Kyndryl