fbpx Sustainable Companies - GITEX IMPACT 10-12 May 2023, the largest Sustainability expo

Sustainable Companies

Sustainable companies offer value to all key stakeholders, beyond shareholders. Increasingly, companies are moving to business models that integrate social, environmental, and governance responsibilities in to their products, services, and operations. For instance, 2021 was a record year for the SBTi, as the number of companies across 70 countries and 15 industries setting and committing to science based targets for achieving net zero emission targets doubled to 2,253. These companies now cover over a third (35%) of global market capitalization – up from 20% in 2020 and equal to $38 trillion. Driven mainly by investor pressure and growing regulatory requirements, along with incentives towards competitiveness and talent acquisition, large companies across most regions in the world are racing to be more sustainable. Small and medium sized companies have lower regulatory pressures yet and are often resource constrained, to do so. However, with the recent emphasis on sustainable supply chains, this is changing as well.