background image

Truly sustainable businesses gain a competitive advantage

author image

By illuminem briefings 🌎

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on SAP  or enjoy below:

🗞️ Driving the news: SAP Insights' Wave 3 sustainability study, conducted ahead of COP28 in Dubai, reveals significant insights for businesses emphasizing environmental sustainability
• The research, encompassing responses from 4,750 companies across 21 nations and 29 industries, underscores the growing integration of sustainability into business strategies for competitive advantage

🔭 The context: This latest study builds on prior research, showing a shift from sustainability as regulatory compliance to a strategic business element  
• Key findings include a more pronounced connection between sustainability and competitiveness, with 72% of respondents acknowledging its role in competitive differentiation

🌍 Why it matters for the planet: The study illustrates how sustainable practices lead to business growth, profitability, and efficiency
• This trend towards environmental sustainability not only aids business resilience but also plays a crucial role in addressing climate change and environmental conservation

⏭️ What's next: The findings suggest a future business landscape where sustainability is interwoven with strategy and operations
• Improved data quality and heightened leadership accountability are expected to drive more strategic decision-making and investments in sustainability

💬 One quote: Sarah Dziuk, Head of Research at SAP Insights, stated, "We see in the research how many companies are shifting to view sustainability no longer as a regulatory compliance tactic, but becoming more of a strategy to actually build business value"

📈 One stat: A notable 72% of surveyed companies now view sustainability as a key contributor to their competitive edge, reflecting a significant shift in business approaches towards environmental efforts


Click for more news covering the latest on Sustainable Business

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices


Related Posts


You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)