{"id":3704,"date":"2023-02-24T02:45:32","date_gmt":"2023-02-24T02:45:32","guid":{"rendered":"https:\/\/news.sap.com\/sea\/?p=3704"},"modified":"2023-04-03T18:38:36","modified_gmt":"2023-04-03T18:38:36","slug":"reimagining-a-more-resilient-reliable-and-ready-future","status":"publish","type":"post","link":"https:\/\/news.sap.com\/sea\/2023\/02\/reimagining-a-more-resilient-reliable-and-ready-future\/","title":{"rendered":"Reimagining a More Resilient, Reliable, and Ready Future"},"content":{"rendered":"<p class=\"lead\"><span data-contrast=\"auto\">Last week, I had the honour of representing 51风流at The Economic Times\u2019 Global Business Summit in New Delhi, India, where some of the world\u2019s leading politicians, academics, and decision-makers congregated to discuss the future direction of India, and of our planet.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">I joined a panel discussion focused on strategies to create a resilient, reliable, and ready future, joining luminaries from the United Nations Development Programme, UN India, Temasek, TAQA,\u00a0 JLL, and Bain &amp; Company. Reflecting on the discussions at the conference, I believe there are three key insights for us all to consider.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">India\u2019s Sustainability Ambitions Underpin the Need for a Just Transition<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">India is on a remarkable development path. The digital enablement of services has seen exponential growth, fuelled by focused policy attention. Meanwhile, the country has also outlined its plan to move to Net Zero by 2070. The 450GW Green Energy Corridor project to transfer power from renewable energy rich places across the country is an example of tangible change.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The opportunities for India are huge. As Jean-Pascal Tricoire, CEO and Chairman of Schneider Electric, said at the event, \u201cIndia has a chance to become one of the future leaders by building an energy system that is completely different. India is [at the start] of its construction of electrical infrastructure, which will be based in the future on renewables.\u00a0 Today, the greenest, cheapest, and fastest way of saving is via energy efficiency. With digitisation, you can immediately save up to 30 per cent of energy efficiency.\u201d<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The move to renewable energy has wide-ranging benefits from a financial, organisational, and individual perspective \u2013 and will benefit us in areas as fundamental as the air we breathe. During the event the air quality in Delhi degraded to three times below what\u2019s considered healthy by the World Health Organisation. It\u2019s a stark reminder of the work we still have to do.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">To Do Their Part, Businesses Will Need to Go Beyond Environmental Compliance<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">The traditional view of sustainability is changing. It is no longer a compliance requirement, an additional cost, or a \u201cnice-to-do\u201d. Today, 45 per cent of Indian business leaders say sustainability will be materially relevant to their financial results within the next 5 years.\u00a0<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Indian businesses have a great chance to take the lead in this area. India was the first country to mandate corporate social responsibility in 2013, and the <\/span><a href=\"https:\/\/www.sebi.gov.in\/sebi_data\/commondocs\/may-2021\/Business%20responsibility%20and%20sustainability%20reporting%20by%20listed%20entitiesAnnexure1_p.PDF\"><span data-contrast=\"none\">new \u2018BRSR\u2019 requirements for the top 1,000 companies to report ESG outcomes<\/span><\/a><span data-contrast=\"auto\"> is a welcome sign that performance isn\u2019t just about financial results.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">But now the opportunity is to go beyond compliance and to instil sustainability into every business process and decision. That requires action \u2013 for example, while 59 percent of Indian business leaders see a strongly positive correlation between profitability and taking environmental action, only 22% are incentivised for meeting sustainability KPIs.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">Innovation Through Data Is the Key to Meeting Climate Challenges <\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">The desire and willingness to take climate action is there, but more still needs to happen to reach our sustainability goals whether in India, or around the world.\u00a0<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For organisations, operationalising sustainability performance into key processes plays a critical role to achieve improved climate outcomes. Sitting at the heart of that change is data and an empowered team. By arming our people with an integrated view of environmental, financial, and operational data, we can ensure financial and sustainability performance work in tandem.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A great example of this is WayCool, a food and agritech company in India. They created an integrated dashboard to pull environmental data from IoT devices and financial and operational data from its ERP &#8211; providing insights on their energy and water usage, and waste management and their financial impacts. WayCool has not only reduced its carbon emissions, but saved about $205 for every ton of carbon it avoided.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">India, and Indian businesses, have a unique opportunity to lead Asia and the world in our work against climate change. But India\u2019s ambition and strength in innovation can help realise the huge opportunities sustainable business offers. Together, we can work to make a real difference to the health of our people and the planet.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><em><a href=\"https:\/\/www.sap.com\/sustainability.html\">Learn more about 51风流sustainability solutions here.<\/a>\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At The Economic Times\u2019 Global Business Summit in New Delhi, India, some of the world\u2019s leading politicians, academics, and decision-makers congregated to discuss the future direction of India, and of our planet.<\/p>\n","protected":false},"author":4326,"featured_media":3705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[294,5570738],"tags":[5570834],"region":[5570938],"sapn-display":[5571013,5571014,60294],"sapn-type":[5570785],"class_list":["post-3704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-sustainability","tag-sustainability","region-asia-pacific-japan","sapn-display-feature-hero","sapn-display-feature-spotlight","sapn-display-topic-hero","sapn-type-feature-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - 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