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."
Bu hikaye Mint Mumbai dergisinin January 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin January 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
7 myths about ADHD and how to handle it
Some adults with ADHD are misdiagnosed as having anxiety or depression as myths prevail even in the medical community
Why women bear the brunt of misdiagnosis
Girls are half as likely as boys to be diagnosed correctly as having ADHD, show studies
At these international marathons, it's ready, steady, swig
Can running and drinking go together? From France to Scotland, here are five races where running is a merry party
Indian IT firms should brace for Trump's second term
Restrictive visa, trade and other policies under Trump 2.0 may force a review of their US-centric business models
Freebies don't offer a long-term solution but let us not ban them
Keeping citizens dependent on handouts is not fiscally sustainable. India needs a transparent framework to regulate them
Is Nvidia's chief dreaming of selling us R2-D2-like robots?
It may turn out to be a good bet if the chip-maker keeps its risks low
Two ways the EPFO can get itself an image boost
India's state-run retirement fund would do itself a favour by resolving its high level of claim rejections and speeding up interest payments. Its digital makeover should signal efficiency
Forex card vs debit card: How to lower cross-border markup fees
Unlike debit cards, forex cards are not linked to your bank account, limiting your exposure to fraud and theft
India must reassess its rejection of the RCEP trade bloc
Joining it can work in our favour as global trade barriers get reshaped and value chains are forged
Armed hostility between Israel and Iran is very likely to escalate
Israel senses a high-risk high-return chance to reshape West Asia that Trump might green-light
