68% Indian Firms Rely On Tech To Drive Sustainability Success: Report

68% Indian Firms Rely On Tech To Drive Sustainability Success: Report

Around 28 per cent of organisations use AI to identify scope three risks using public sources, indicating a need for growing awareness of the broader environmental impact beyond direct operations.

IANSUpdated: Tuesday, May 14, 2024, 04:30 PM IST
article-image
Photo: Pexels

About 68 per cent of organisations in India rely on technology to drive sustainability success, fueled by customer demand, a new report said on Tuesday.

55% Companies Use AI

According to the report by IT infrastructure services provider Kyndryl, in collaboration with Microsoft, about 56 per cent of Indian organisations leverage digital tools for hybrid work strategies, and 55 per cent use artificial intelligence (AI) and automation to improve efficiency, reduce environmental footprint and build sustainable operations.

"Visionary companies are harnessing technology to meet regulatory standards and to pursue sustainability objectives effectively.

 56 per cent of Indian organisations leverage digital tools for hybrid work strategies, and 55 per cent use artificial intelligence (AI) and automation to improve efficiency

56 per cent of Indian organisations leverage digital tools for hybrid work strategies, and 55 per cent use artificial intelligence (AI) and automation to improve efficiency | Representative Image

Sustainability in Focus

They are leveraging technology to fulfil customer expectations, reduce expenses, and innovate, thereby unlocking the full potential of sustainability," said Faith Taylor, Chief Sustainability and ESG Officer, Kyndryl. The report surveyed 1,523 technology and sustainability business leaders across 16 countries in Asia, EMEA, and the US.

Moreover, the report noted that customers emerged as the most influential stakeholders advocating for sustainability (60 per cent), followed by employees (52 per cent) and supply chain partners (40 per cent).

Around 28 per cent of organisations use AI to identify scope three risks using public sources, indicating a need for growing awareness of the broader environmental impact beyond direct operations.

"India aims to reduce the carbon intensity of an economy by 45 per cent by 2030 -- this will require collective action from governments, industries, enterprises, and individuals," said Ullrich Loeffler, Co-Founder & CEO of Ecosystm. 

RECENT STORIES

Gold Slips ₹200 To ₹98,670/10g, Silver Tumbles ₹500 To ₹1,10,500/Kg

Gold Slips ₹200 To ₹98,670/10g, Silver Tumbles ₹500 To ₹1,10,500/Kg

Axis Bank Q1 FY26 Net Profit Falls 4% To ₹5,806 Crore Amid Rise In Bad Loans

Axis Bank Q1 FY26 Net Profit Falls 4% To ₹5,806 Crore Amid Rise In Bad Loans

Sensex-Nifty Decline On IT Selloff & Foreign Fund Outflows, Weak Earnings Add Pressure

Sensex-Nifty Decline On IT Selloff & Foreign Fund Outflows, Weak Earnings Add Pressure

South Indian Bank Reports 10% Rise In Q1 Net Profit To ₹322 Crore, Sees Strong Asset Quality Gains

South Indian Bank Reports 10% Rise In Q1 Net Profit To ₹322 Crore, Sees Strong Asset Quality Gains

Wipro Q1 Profit Rises 9.8% to ₹3,336.5 Cr, Marginal Revenue Growth Amid Macro Pressures

Wipro Q1 Profit Rises 9.8% to ₹3,336.5 Cr, Marginal Revenue Growth Amid Macro Pressures