As businesses have embarked on ambitious energy transition plans in line with global climate targets, Amy Brachio, global vice chair for sustainability at EY, has said that corporates are finding tough to meet their transition goals amid a challenging global scenario, economic slowdown and high inflation.
In an interview, the EY executive said in a bid to overcome these obstacles, companies would have to integrate sustainability with their corporate strategy.
“You’ve got economic uncertainty, you’ve got inflation depending on the market that you operate in. You’ve got supply chain challenges, geopolitical issues; sustainability is having to be tackled in the construct of all of that. It is a long-term problem, requiring long-term solutions, and companies have to meet short-term metrics. So, we were seeing more pressure on commitments and actions," she said.
She added: “I think that there are two different ways to interpret it. One, it is a challenging environment and organizations are finding it harder to meet the commitments than they had anticipated originally. The other is that a lot of the easier steps have been taken."
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Denne historien er fra January 23, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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IMAX India box office collections dip 36%
Ontario, Canada-based large-screen format cinema technology firm IMAX saw its India box-office collections fall by 36% in 2024, with Hollywood and local language films together delivering just $14.7 million in earnings.
Need for speed new priority as Centre trims road target
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JioHotstar, Nielsen partner for ad data
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UK debuts £2.5bn steel plan after US tariff threat
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For influencers crowding Kumbh, the struggle is real
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Sebi plans to streamline asset claims
The markets regulator has proposed detailed guidelines to manage unclaimed assets and improve the return processes for investors to prevent misuse
The ₹10 beverage market is starting to get crowded
From buttermilk to fruit drinks and sparkling beverages, consumer companies are driving deeper into the market for ₹10 packs.
Startups Target Profitability, Ditching Growth-at-Any-Cost
Over the next two years, several early-stage startups in India are expecting to break even
Recent business books to add to your TBR list
Overwhelmed by the disruptions and disasters of the world of business? Take a deep breath and dive into these books
