![]() However, these challenges too can be mitigated by taking a unified approach to digital transformation. ![]() The provision of cloud-based tools and digital branches has rendered the daily commute all but obsolete in many businesses.Ĭonsolidating disparate management systemsĬomputing infrastructures are often disparate and disconnected, further increasing a company’s impact and offsetting the advantages of digitization in the first place. Even though everyone is looking forward to getting back to some semblance of normality, it is safe to say that remote work can have seriously positive results on reducing the carbon footprint. As the restrictions introduced to stem the spread of COVID-19 proved, the dramatic reduction in the use of energy-consuming offices and daily commutes resulted in reduced pollution and cleaner air than many cities had seen in decades. The 40-hour work week has long been a major contributor to global carbon emissions. For example, having a full-featured digital branch allows customers to interact with businesses entirely online from the convenience of their smartphones.Įliminating the daily commute with remote work However, thanks the rise of digital contracts and signatures, as well as document sharing and collaboration, it is now possible to handle almost all transactions online. Until recently, printing was still unavoidable for many operations. Perhaps the most obvious way in which digitization can reduce a company’s carbon footprint is the elimination or, at least, dramatic reduction, of paper and printing. Here are some of the biggest ways digital transformation can reduce the carbon footprint: Investors, lenders, and other stakeholders, are more likely to favour organizations that can demonstrate environmentally sustainable business practices. ![]() They are less likely to purchase from a company they know to have a serious impact on the environment.īusiness customers are paying closer attention to their supply chains and are starting to weed out vendors who have a poor track record of environmental sustainability.Įmployees are less likely to work for companies that fail to demonstrate sustainable business practices, especially with regards to their impacts on the environment. Here are some examples:Ĭonsumers are warier about who they buy from. It is also about survival at a time when customers, employees, and investors are casting an ever more critical eye on the practices of companies of all sizes and industries. That said, a sustainable business model is not all about staying on the right side of the law. These days, adopting environmentally sustainable business practices is no longer an option, especially as the regulatory landscape evolves to introduce more stringent rules. ![]() Digital transformation, on the other hand, can eliminate the need for paper in many operations. For example, continuing reliance on paper and printing alone is the reason why the pulp and paper industry is the fourth largest emitter of greenhouse gas. However, according to the World Economic Forum, the adoption of digital technology can cut global emissions by 15%. Environmental factors rarely get a lot of attention in these discussions, despite the increasing pressure on businesses to uphold and validate their corporate social responsibility (CSR) initiatives. Most discussions about digital transformation focus on topics like productivity, profitability, and efficiency. We are living in an age of rapidly rising environmental consciousness as polar ice caps recede and the world’s biosphere faces a real threat of irreversible damage. As the world examines how we can collectively reduce overall global emissions, the rise of technological business practices can be seen to dramatically solve for many contributing factors. Environmental concerns have never felt more immediate.
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