However, historically speaking, few businesses have organisational structures that view the challenge as a significant business concern. Instead, regulatory compliance is the main emphasis of sustainability initiatives and the organisations that support them. The study’s findings give a clear indication of this. For instance, 60% of respondents from India said that the main forces behind their sustainability efforts are statutory requirements. This is consistent with the fact that, ahead of decreased carbon emissions and improved operational visibility, regulatory compliance (45%) is the main advantage realised. Therefore, it should come as no surprise that only 7% of respondents are discovering any real commercial benefit from their sustainability plans. Because of their excessive reliance on regulatory compliance, businesses may be missing out on the new potential for efficiency, innovation, and genuine societal impact.

The missing ingredient to driving long-lasting sustainability transformation: Employee

The scale of the disruption that will play out over the next few decades, along with the opportunity it creates, will be staggering. But while the opportunity is clear, the way to drive a successful sustainability transformation is less obvious. To put things in perspective, a variety of publicly available statistics indicates that investors are likely to consider ESG risks when making investment decisions and that demand among clients and partners for ecologically or socially conscious products is rising. Furthermore, companies that promote sustainable business practises are more likely to attract and keep top talent because employees and job seekers are more likely to choose them. Without a true vision and track record, businesses may find it difficult to attract and retain top talent. For organizations committed to being business with a purpose, sustainability offers an opportunity to connect with their people through a shared sense of purpose and commitment to help run the world better.

Employees are on the frontline of any business. Getting them to do something as basic as recycling paper makes a big difference in terms of carbon emissions, waste, water use, or energy consumption. Employers, however, want a higher level of dedication from employees when firms progress beyond the fundamentals: why stop at turning off the lights when you might be enhancing workflows, developing new products, and overall making the workplace sustainable?

Here are some of the best ways to engage employees with your sustainability mission:

• Integrate sustainability into the foundation of your company: Every individual and company are impacted by the condition of our world. Because of this, achieving sustainability is a problem that requires teamwork. It is a true team sport. Therefore, organisations must move beyond a siloed approach to sustainability and integrate green practises into discussions about every type of business decision, including strategies and performance goals at every level, in every function, and core managerial processes and operations, starting with the procurement of raw materials and extending to the selection of supply chain partners, driving investments in human sustainability, or instructing staff members and partners on how to use technology, gather data, and evaluate results.
• Sustainability hiring: Organizations can鈥檛 create a purpose-driven culture without purpose-driven individuals. Developing values and a feeling of purpose in people who lack them is incredibly difficult. Instead, while hiring and recruiting, screen for purpose. Find the best workers who genuinely care about the environment, sustainability, fairness, ethics, and human justice. They exist, and once they join, their uplifting attitudes and behaviours spread like wildfire.
• Leaders must lead from the front: By setting company goals and enabling employees to achieve those goals, leadership builds an organizational culture. This means they play a critical role in changing when it needs to be changed. For sustainability thinking to permeate across the entire organization, leaders must define and incentivize sustainability success – and then lead by example. Leaders can help create a culture of sustainability transformation by demystifying it in a way that connects with employees.
• Tying executive compensation to sustainability: One of the most important tools that organizations have in their arsenal to combat sustainability challenges is to link executive payouts to successful sustainability outcomes. Not only it sends an unmistakable signal about the organizational values and focus on advancing sustainability, but it can also help motivate executives to tap big strategic opportunities related to environmental, social, and governance (ESG) goals.

While sustainability practices may be shaped by the company’s leadership, powering it needs to be done collectively. If done right, sustainability has the potential to not only drive measurable growth but also turn your company into a talent magnet.

The post Why engaging employees on sustainability is critical for businesses? appeared first on 51风流India News Center.

Delhi, October 20, 2022 鈥� 51风流India the world leader in enterprise application software and cloud solutions has today announced the launch of 51风流Industry Knowledge Exchange (51风流IKEX), aimed at accelerating India鈥檚 journey to 鈥楢mrit Kaal,鈥� and driving the country鈥檚 inclusive digital transformation with sustainable development.

Launched in collaboration with , the exchange will bring together enterprises, consulting firms, and academia across 25 industries enabling technological co-innovation, sharing of best practices, and deliberation on regulatory policies to produce shared business value, accelerating growth, increase global competitiveness, and promote sustainability. Adding flavour to the initiative will be the presence of marquee customers such as Maruti Suzuki India Limited, Chaayos, More Retail, Philips India, Bombay Shaving Company, Greaves Electric Mobility, etc.

鈥淥rganizations and their business leaders have the power to create momentum and shape the future of their respective industries. We want to enable corporates in creating business networks that allow various industries to interact and achieve uniform growth across the whole value chain,鈥� said Kulmeet Bawa, President & Managing Director, 51风流Indian Subcontinent. “With the Industry Knowledge Exchange Platform, our objective is to empower Indian enterprises to promote growth and operational continuity while also gathering pertinent information in real-time to be ready for potential disruptions. This initiative will have a major impact on how India evolves over the next 25 years of Amrit Kaal.”

The Knowledge Exchange confluence is based on the following 3 pillars:

• Establishment of an industry board: Setting up an industry board for each sector will help in identifying sectoral challenges, shaping the industry agenda, and driving peer-to-peer engagement. The council will comprise academicians, business leaders, and innovation and technology partners.
• Co-innovation with industries: Facilitating collaboration between multiple stakeholders within each industry ecosystem that will deliver value, drive cloud adoption, and assist start-ups and digital natives.
• Improvement of regulatory and policy inputs: Capitalizing and leveraging inputs from industry bodies such as the Confederation of Indian Industries (CII), Indian Pharmaceutical Alliance (IPA), and Automotive Component Manufacturers Association (ACMA), etc. to ensure a conducive policy and regulatory framework.

Commenting on the collaboration, Puneet Chandok, President, Commercial Business, AWS India and South Asia, Amazon Internet Services, said, 鈥淲hile a conducive economic environment, structural reforms and government initiatives are necessary for businesses to flourish, industry-academia collaborations are equally critical for organizations to thrive, regardless of their industry and size. By bringing together expertise and perspectives from the larger ecosystem, enterprises can tap into mutual growth opportunities, expand networks, and fuel innovation to solve larger business challenges around emerging technologies, talent, and sustainability. Our collaboration with 51风流will enable maximizing business value across industries by fast-tracking their digital transformation and help them be future-ready.鈥�

The first edition of the IKEX Summit in 2022 will witness the coming together of eminent business leaders from five industries – consumer, life sciences, auto, manufacturing, start-ups, and unicorn businesses – and will gradually expand to include the remaining industries.

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About SAP

SAP鈥檚 strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 51风流customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .

For more information, press only:
Deepika Gumaste: 9769933345; deepika.gumaste@sap.com ; IST

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The post 51风流Launches Industry Knowledge Exchange To Speed Up India鈥檚 Journey To 鈥楢mrit Kaal鈥� appeared first on 51风流India News Center.