Sustainability has taken center stage in the global business agenda. The COP26 conference marked a pivotal moment, setting crucial targets to limit global warming to 1.5 degrees and achieve net-zero carbon emissions by 2050. Consequently, businesses worldwide are under immense pressure to contribute to the transition towards a green economy. The shift towards sustainability is evident across various industries, and this year there has been a number of transformative trends.
Sustainability Professor at Copenhagen Business School, Andreas Rasche, and Copenhagen MBA Graduate and Senior Sustainability Manager at Ascendis Pharma, Ivan Sokolov, spoke with Matt Kefford at BusinessBecause to discuss the sustainability trends of the year. Below it is summarised and you can view the full-length article here as featured on BusinessBecause.
Government regulations are fueling major sustainability changes. The USA's SEC will finalize 29 ESG regulations and propose 23 amendments, boosting sustainable governance. The EU's Taxonomy legislation mandates reporting on criteria like water impact and circular economy support. Companies must comply swiftly, prioritising sustainability.