Sponsored: Opportunity knocks for businesses that adapt key sustainability measures, says Deloitte
Aboud, sustainability risk and regulatory lead at Deloitte, says that while all action on sustainability is valuable, it is the businesses that embrace full systemic change, rather than tactical responses, that will reap the benefits.
The regulatory landscape has evolved significantly over the last number of years and has become an “alphabet soup” that can be difficult for companies to navigate. “Before, people bought products based on taste, value and price,” Connaughton notes. “Now customers are really trying to understand what’s in the supply chain, what packaging is involved, if a product is going to be healthy as well as have a lower carbon footprint, if its plant based. There are really complex and varied requirements coming from customers, but we see it being a huge driver of change for businesses.
However, alongside risk, there is opportunity. With €24 billion allocated by the Government Climate Action Plan to accelerate Ireland’s transition to a green economy, Connaughton sees a huge opportunity for businesses that are proactive around sustainability, from product innovation to accessing new customer bases.
Deloitte’s Sustainability team includes broad expertise, from climate scientists to reporting specialists. Pictured is Hollie Keating and Aoife Connaughton, rear, with Marc Aboud and Orla Dunbar, seatedThe sixth Intergovernmental Panel on Climate Change report, which was released last year, saw Chair Hoesung Lee issue “a dire warning about the consequences of inaction”.
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