“Tech Recognized as Vital for Achieving Sustainability Goals by 21% of Companies”

Kyndryl and Microsoft's Global Sustainability Barometer reveals that while many organizations prioritize sustainability, only a small percentage are using technology to reduce their environmental footprint, highlighting the need for companies to bridge the gap between intention and action in order to drive positive change.

84% of organizations consider sustainability goals to be of high strategic importance
38% of organizations have increased their sustainability goals and program execution since last year
Technology can be a powerful ally in the fight against climate change

Kyndryl, the world’s leading provider of IT infrastructure services, has just released its second Global Sustainability Barometer in collaboration with Microsoft. The study, conducted by Ecosystm, reveals some interesting insights about the intersection of technology and sustainability.

While a whopping 84% of organizations consider sustainability goals to be of high strategic importance, only 21% are actually using technology to reduce their environmental footprint and shape their overall sustainability strategy. It’s clear that there’s a growing commitment to sustainability, with 38% of organizations increasing their sustainability goals and program execution since last year. This progress is a positive step forward as the world strives for a greener future.

This trend is also in line with the findings of the Kyndryl Readiness Report, which highlights that 90% of organizations are already prioritizing sustainability in their technology modernization initiatives. However, 54% of these organizations are facing challenges in meeting their sustainability and ESG (Environmental, Social, and Governance) objectives.

“As the world faces increasing climate-related challenges, companies are under pressure to take decisive action – and this year’s study emphasizes that companies must move from intention to collective action in order to drive change,” says Faith Taylor, Chief Corporate Citizenship and Sustainability Officer at Kyndryl. It’s clear that integrating sustainability into a company’s strategy, processes, and business systems can maximize the value of its people and technologies, leading to internal goals and positive impact.

But how can companies gather the necessary information to fulfill their commitments and drive resilience? By integrating sustainability data with operational and financial data, and leveraging traditional data analysis and robust AI tools, organizations can gain valuable insights into operational efficiencies and promote sustainable innovations. Matthew Sekol, Sustainability Global Black Belt at Microsoft, explains, “By utilizing these tools, companies can model operational efficiencies and drive sustainable innovations.”

It’s evident that technology has a crucial role to play in helping organizations achieve their sustainability goals. From reducing energy consumption to optimizing supply chains, technology can be a powerful ally in the fight against climate change. The key is for companies to bridge the gap between intention and action, harnessing the potential of technology to create a more sustainable future for all.

So, the next time you hear about a company’s sustainability initiatives, ask yourself: Are they just talking the talk, or are they truly walking the walk? It’s time for businesses to step up and make sustainability a core part of their strategies, processes, and systems. Only then can we truly maximize the value of our resources and technologies, and drive positive change for a greener, more sustainable world.

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Background Information

About Microsoft:

Microsoft, founded by Bill Gates and Paul Allen in 1975 in Redmond, Washington, USA, is a technology giant known for its wide range of software products, including the Windows operating system, Office productivity suite, and cloud services like Azure. Microsoft also manufactures hardware, such as the Surface line of laptops and tablets, Xbox gaming consoles, and accessories.