Monday, February 26, 2018

8 Sustainable Business Trends in 2018

University of Cambridge has long been pushing sustainability. In the US we often miss trends that are bubbling up in other parts of the world. This is an interesting report on 8 trends that will affect business in 2018. Here's a summary quoted from their announcement. What do you think?

  • Volatility is the new normal: From disruptive technologies to political uncertainty, the future is chaotic and it is here to stay.
  • Sustainability to shape the face of business: Growing public consciousness of sustainability issues and political leadership gaps will increasingly open the way for business to step up to the challenge of sustainability leadership, and either lead, adapt or fail.
  • Enduring loss and damage from extreme weather: After the unprecedented climate events of 2017, vulnerable cities, countries and people will face yet more extreme and disruptive weather events, with the potential to impact business though value chain disruption and stranded assets, and contribute to social unrest. 
  • Human versus machine: Growing levels of automation will not only begin to transform the future of business but also the future of work.
  • China and the global shift to the East: The re-election of President Xi Jinping has given China stability in a turbulent world, and has reinforced the state’s mandate to address climate change at a time when other world leaders have faltered over sustainability.
  • The end of an era for plastics: Packaging is set to be key battleground in addressing the environmental impacts of business on oceans, land and air.
  • A watershed year for transparency: Anticipating the recommendations for reporting climate-related financial risks from the Taskforce on Climate-Related Financial Disclosures (TCFD), companies such as ExxonMobil have faced investor and public pressure to voluntarily improve risk disclosure. This could fire the gun for greater transparency in other parts of business such as executive pay, gender equality and tax arrangements.
  • Life after coal: The energy revolution is reaching its climax as the switch to renewables and electricity is unstoppable. 8 trends that will define business in 2018. #CISLtrends

Get the full report here:

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