Why are Enterprise-Level Sustainability Solutions important for the Environment?

Sustainability in organizations may be defined as the impact of organizations on the environment or society. The implementation of sustainable solutions refers to intending to positively influence society and contribute towards resolving some of the world's prevailing challenges around sustainability. Enterprise-level sustainability solutions are critical in curbing the ill effects of unsustainable business practices.

Why Is Sustainability Important?

Several warnings are being sounded across the globe about the reverse effects of climatic change. Experts have regularly emphasized the devastating impacts of unsustainable living practices.

Here are a couple compelling reasons amongst others that demand urgency and focus on sustainability.

1) Natural Disasters

From hurricanes to tornadoes and forest fires, the predominant reason for natural disasters, over the years, has been global warming. Limiting global warming has become important. This can be achieved through adopting sustainable solutions because even a 2-degree increase in the atmospheric temperature may make the masses uninhabitable. To add on, emissions are threatening global health standards.

The most important aspect of sustainability is planning for future generations. Scientists have been consistently focusing on the recovery of the ecosystem by supporting a livable environment. This can be achieved only when all the nations and governments practice equitable usage of resources along with the implementation of technologies that result in a zero-carbon future.

2) Paris Agreement

Beyond saving the planet, the recent big push in sustainability goes back to 2015 whenseveral nations across the globe adopted the Paris agreement.

The Paris agreement is an international treaty dedicated to tackling global climate change. One of the main aims of the Paris agreement is to limit global temperature from rising more than 1.5 degrees Celsius because experts say this is the only way to help the world avoid the most severe impacts of climate change by 2030. The negative effects include everything from flooding in coastal towns and cities to areas experiencing extreme droughts and more severe weather events.

In line with the Paris agreement, the United Nations (UN) also established 17 Sustainable Development Goals (SDGs). These SDGs are designed to be an outline to achieve a better and more sustainable future for all. The SDGs are essentially a universal call to action for the world to end poverty, protect the planet, improve education and health, and tackle key environmental challenges by 2030.

The Importance of ESG

A key metric that investors use to gauge a company’s level of sustainability is Environmental, Social, and Governance (ESG). Companies that fail to take ESG into account are at risk of experiencing a significant financial impact. A better ESG score management translates to a lower cost of capital and correlates to lower regulatory, environmental, and litigation risks. The reason that ESG investments are viewed so positively is due to how well they align with long-term thinking, and potential risk reduction; companies who have good ESG management tend to be better equipped for crises due to this emphasis on sustainability. Thus, when looking for long-term value, ESG investments offer the opportunity for investment that can manage risk and create opportunities, whilst also contributing towards a more sustainable future.

About IBM Envizi

IBM Envizi is a comprehensive software platform that allows organizations to manage sustainability. This ESG suite automates the collection and consolidation of more than 500 datatypes along with supporting ESG reporting frameworks.

The IBM Envizi ESG suite comes with powerful visualizations and customizable dashboards that help effectively manage environmental goals, identify opportunities to boost efficiency, and assess sustainability risks.

The Power of IBM + Envizi

• Envizi with IBM’s AI-powered software, organizations will be equipped to automate feedback generated between the corporate environmental activities and the operational endpoints used in everyday business operations.
• Envizi integrates with IBM Maximo, an asset management solution. This will help organizations extend the life of their assets, and reduce environmental impact by providing intelligent asset management, monitoring, predictive maintenance, and reliability in a single solution.
• The integration of Envizi with IBM Sterling, a supply chain solution, will help organizations obtain supply chain visibility, cut waste by right-sizing inventory, reduce the carbon footprint of shipment and logistics, and ensure responsible sourcing with blockchain-based technology for traceability.
• Envizi with IBM TRIRIGA can support organizations to attain sustainable operations. With commercial buildings accounting for more than 20% of global emissions, this integration can help organizations address sustainability holistically across their real estate lifecycle.

About Quantum Strides

Quantum Strides LLC is a leader in the IBM TRIRIGA technology specializing in solutions for Real Estate and Asset management, Capital Projects, Space & Move management, Operations & Maintenance and Sustainability.

Headquartered in the Washington DC metro area and consisting of a highly skilled workforce, we are a reliable IBM TRIRIGA partner for several Fortune 500 customers and government entities in the United States. Our additional talent pool in Canada and our state-of-the-art development and test centre in India, places us in a unique position to serve our clients across diverse geographical regions.

Learn more about us at: www.quantumstrides.com

Are you looking to streamline your organization’s sustainability performance? We can help you manage ESG reporting, identify efficiency opportunities, and consolidate data. Reach out to us at iwms@quantumstrides.com or contact us .