ICT, Automotive and Life Sciences / Biotechnology Sector Leads APAC’s Transition to Sustainability
Singapore – Media Outreach – June 24, 2022 – New Survey from Sustain Ability Institute by ERM When GlobeScan We find that sustainability leadership is increasingly measured by evidence of behavior, impact, and, above all, integration into sustainability business strategies.
The GlobeScan / SustainAbility Survey: 2022 Sustainability LeadersWhen we asked more than 700 sustainability experts in 73 countries in March and April 2022, we saw a major evolution in the way companies work. Their sustainability leadership was appreciated.
Strong communication about the involvement and sustainability of well-known CEOs is declining as a recognized indicator of leadership. Objectives and goals remain important, but cCompanies are increasingly regarded as leaders Putting sustainability at the core of our business model To report on the strategies and the concrete results of their sustainability initiatives.
The key findings on the highlights of the Asia Pacific region are:
- The biggest challenge for sustainable development: 96% of sustainability experts say climate change is the most urgent (up 3 percentage points from 2021), followed by biodiversity loss at 88% and water scarcity at 86%. ..
- Leadership on the Sustainable Development Agenda: Government, private sector, and multi-sector partnerships are expected to lead the agenda over the next 20 years, and the World Wildlife Fund is by far the most recognized NGO in sustainable development. It is a leader, accounting for 35% of the world, and leading the Asia Pacific region. At 24%.
- APAC Corporate Sustainability Leader: In the Asia Pacific region, Tata (13%), City Developments Ltd (6%) and Mahindra (4%) are the most well-known sustainability leaders among the companies headquartered in the region. Leadership in the region stems from sustainability integration into business strategies (16%), impact / behavioral evidence (10%), and products / services (9%).
- Top APAC sectors leading the transition to sustainability: In the Asia-Pacific region, the most active sectors for managing the transition to sustainable development are Information and Communications Technology (ICT) (36%), Automotive (33%) and Life Sciences / Biotechnology ( 26%).
Mark Errington, APAC Regional CEO of ERM, said: The findings support our observation that major listed companies are heading in the right direction. However, there are gaps as many are moving away from the checklist approach to identify and operate key climate change measures and have meaningful impacts. “
Regarding the sector ranking, Mark said: “ICT is an industry leader in the Asia Pacific region. Besides setting net-zero goals, many companies are working with suppliers to expand their sustainability goals throughout the supply chain. Research on automotive and battery recycling will inevitably benefit the industry as a whole. We hope that the proliferation of digital transformation and renewable energy in the region will accelerate sustainability challenges across the Asia-Pacific region. I’m confident.”
Sustainable development challenges and sector performance urgency
Sustainability experts are now almost unanimous in declaring the urgency of climate change, but energy security is growing with the urgency recognized in the context of the war in Ukraine. in the meantime, Other important sustainable development challenges, especially social issues such as poverty, access to health care and educational opportunities, are less urgent than last year.
Experts see that most of the sector is performing worse in the transition to sustainability than it was ten years ago. In particular, the reputation given to the mining sector for managing the transition to sustainable development is low. However, the banking / financial, utility, and automotive sectors are believed to have improved their transition performance to sustainability in recent years.
In the short term, the experts investigated believe that the war in Ukraine means drawing attention away from the sustainability agenda. But when asked about the long term, the accelerated shift to renewable energy is the most widely cited and expected impact of the dispute on the sustainability agenda.
Mark Lee, The director of the Sustain Ability Institute at ERM said: There are many other sustainability issues that require us to provide more evidence of how companies are embedding sustainability in their business models. “
Chris Coulter, CEO of GlobeScan, said: “
Institutional performance on sustainable development
The study also found that government, private and multi-sectoral partnerships are expected to lead the Sustainable Development Agenda, especially government expectations in recent years. but, Experts are less likely to expect leadership in sustainable development United Nations and NGO.
Unilever continues to be at the top of the list of companies recognized as leaders in sustainability (31% of respondents cite how to integrate sustainability into their business strategy), with Patagonia in second place with 22%. It has become. For the first time, Microsoft is in the top five, behind Natura & Co and IKEA.
The list of globally recognized sustainability leaders has changed slightly over the last few years, but when experts are asked to identify sustainability leaders from companies headquartered in their respective regions, they have different names. come out. Experts in Africa and the Middle East emphasize Nedbank, Safaricom and Woolworths as sustainability leaders, while experts in the Asia-Pacific region point to Tata. In Latin America and the Caribbean, Natura & Co is an outstanding and recognized sustainability leader nominated by 55% of the region’s experts.
Among NGOs, sustainability experts overwhelm the World Wildlife Fund as a leader in sustainable development (35% of respondents), Greenpeace (13%) and World Resources Institute (10%). I admit to.
Notes to the editor
The GlobeScan / SustainAbility Survey of Experts stakeholder research program gathers insights from sustainability experts and graphs sustainability agendas that change over time.
It is the largest and longest-running survey of its kind and has tracked the views of experts on sustainable development leadership for over 25 years. This study is an experienced sustainability expert (business, government, NGO, academia leader) on topics such as recognized leadership, climate change, biodiversity, inequality, SDGs and key emerging issues. Based on a biannual survey of the Global Panel (including). ..
From March 14th to May 1st, 2022, a total of 718 qualified sustainability professionals from 73 countries representing various sectors such as enterprises, services & media, academia, NGOs and governments. I answered the online questionnaire during that time. Respondents in the Asia Pacific region make up 18% of survey respondents.
About Sustain Ability Institute by ERM
The SustainAbility Institute is ERM’s leading platform for thought leadership on sustainability. Its purpose is to define, accelerate, and extend sustainability performance by developing actionable insights for the business. The Institute identifies innovative solutions to global sustainability challenges built on ERM’s experience, expertise, and commitment to change.
As the world’s largest pure play sustainability consultant, ERM has partnered with world-leading organizations to create innovative solutions to sustainability challenges, a commercial opportunity to meet today’s needs while preserving opportunities for future generations. To cultivate.
ERM’s diverse team of more than 7,500 world-class professionals in more than 150 offices in more than 40 countries helps clients across the organization operate sustainability. Through ERM’s deep technical expertise, clients are well-positioned to address environmental, health, safety, risk, and social issues. ERM calls this feature a “boot to conference room” approach. This allows ERM to develop strategic and technical solutions that advance goals at the field or executive level.
About GlobeScan
GlobeScan is a global insight and advice consultant working at the crossroads of brand purpose, sustainability and trust. We work with leading companies, NGOs and government agencies to provide insights to guide decision making and build strategies that contribute to a sustainable and equitable future.
It combines more than 30 years of data-driven insights with a global network of professionals and the ability to attract all stakeholders and consumers. Our unique research programs and global capabilities help you know what’s new, what’s next, and what’s needed. Our advisory services also help turn that knowledge into wise and strategic decision making.
Founded in 1987, it has offices in Cape Town, Hong Kong, London, Mumbai, Paris, San Francisco, São Paulo and Toronto. As a proud, independent, employee-owned company, we invest in the long-term success of our clients and society. GlobeScan is a certified BCorp and a participant in the United Nations Global Compact.
learn more: www.globescan.com
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