4 sustainability predictions for 2023

The last United Nations Climate Change Conference (COP27), in 2022, which brought together world leaders to address the main challenges currently facing humanity, left encouraging news, with an innovative decision to provide financing for "losses and “damages” to the vulnerable countries most affected by climate disasters. Looking ahead, Dr. James Robey, Global Head of Environmental Sustainability at Capgemini, a technology consulting firm, outlines four sustainability predictions that will reshape society and business focused on a more environmentally friendly economy . 4 sustainability predictions for 2023 1. The conversation about climate change continues to expand According to him, we are already seeing the impacts of climate change, such as unprecedented flooding in South Asia and a multi-year drought in the Horn of Africa. In this regard, the UK Met Office has warned that there is a 50:50 chance that at least one of the next five years will temporarily exceed a temperature rise of 1.5°C above pre-industrial levels. Meanwhile, a report from the United Nations Environment Program finds that countries' climate pledges point to a rise of to by the end of the century.

As temperatures rise, climate impacts will intensify around the world. So nations and communities on the front lines of the climate crisis will have to prepare to solve it. Based on these developments, James Robey notes that one of the sustainability predictions for 2023 is that there will be a greater conversation about climate change focused more prominently on adaptation alongside mitigation Iceland Email List measures, as we collectively recognize that we are increasingly ever closer to exceeding the 1.5°C threshold, after which climate disruption becomes more severe. To avoid this situation, it will be necessary to address and limit the impacts of climate change, in addition to prioritizing a just transition in which economies are decarbonized in the fairest and most inclusive way possible, and in which no one is left behind. This prediction also calls for greater focus on the interconnections between climate change and biodiversity. As the world faces the sixth mass extinction event , driven primarily by habitat loss, climate change is also pushing species out of their natural recreation areas. That is why the UN biodiversity conference at the end of 2022, COP15, highlighted the urgent need to better safeguard key parts of the planet. Protecting nature will be an increasing focus for companies in .



More investment in sustainability despite economic uncertainty Another expected sustainability prediction for 2023 is that companies will continue to invest in sustainability throughout 2023, with more organizations recognizing the long-term financial benefits of sustainable operations, that is, in actions that combat climate change. or promote social justice. These increased investments are likely to be driven by more companies realizing that investing in sustainability is a way to future-proof their operations and supply chains. For example, the recent A World in Balance report found that “leaders” (organizations that have made greater progress than their peers in implementing sustainable practices) witnessed an 83% increase in employed revenue from 2020 to 2021. compared to the average. Economic uncertainty can trigger new ways of thinking about how companies can do more with less. Perhaps rising costs and potential shortages of some resources and supplies will prompt thinking about moving more quickly toward circularity and encourage responsible resource management. climate-crisis-versus-business- .