August 14, 2023
by Sagar Joshi / August 14, 2023
Utilizing resources in such a way that future generations can still use them is the underlying idea for all sustainable practices. Businesses aren’t unfamiliar with these practices.
It’s part of a company’s environment, social, and corporate governance (ESG) strategy. With sustainable operations, businesses monitor non-renewable energy resources, reduce costs, and minimize the emission of hazardous byproducts. It’s easy to lose track of these things without energy management software.
Businesses have to prove compliance with regulatory standards focused on promoting sustainable operations. Government agencies also use sustainable platforms to measure the impact of emissions on climate.
Let’s look into some interesting statistics that help both individuals and businesses understand how the world is moving toward a sustainable future.
Sustainability evolves as new technologies and regulations come into play. Explore the current dynamics with these recent stats.
Increased adoption of electric vehicles, bicycle transport, and low-carbon public transport have all helped to make strides in popularizing sustainability in the transportation industry.
While these shifts contribute to smaller carbon footprints, the industry still needs correction in reducing carbon emissions at the source. For example, driving an electric vehicle may seem like a sustainable option, but you consider that 60.2 % of U.S. electricity was generated from fossil fuels in 2022.
of carbon emissions are reduced if you use a bike instead of a car for a day.
Source: Science Direct
Industry experts predict that minimizing food waste and managing it sustainably will be a priority in 2023 for many countries. Although food can be used for composting, businesses and households have yet to see widespread adoption of such methods.
When wasted food reaches the landfill, it damages the soil and water quality, contributing to high carbon emission. Plus, organic waste releases methane when thrown into landfill.
According to environmental experts, the construction industry is far from adopting sustainable practices. Organizations need to make considerable shifts and transitions to achieve sustainability in their operations. If the industry fails to make critical changes, carbon emissions could double by 2050.
Look at these statistics to understand the present trends and what it’s going to take to achieve sustainability in the construction industry.
Environment-friendly or sustainable packaging is the talk of the town lately. Many consumers are willing to pay more for sustainable packaging options instead of using plastics. Paper-based packaging material is also more likely to be recycled than plastic packaging in the industry.
Explore the stats below to see how the packaging businesses are responding (or have responded) to more sustainable alternatives.
Even though 100 corporations are responsible for 71% of global emissions, as an individual, you can make a little impact by opting for sustainable choices in your daily lives. The trends below tell us a lot about how individuals perceive and consider sustainable living rather than a non-environmental friendly lifestyle.
of respondents admit they're taking steps toward sustainability, but acknowledge room for improvement.
Source: Statista
These statistics and trends underscore a transition toward improved adoption of sustainable practices by individuals and companies. Both recognize the need to minimize environmental impact and take tangible steps to drive change.
Businesses are starting to plan for adopting energy-efficient technologies, while customers are willing to pay more for eco-friendly products. Still, sustainability is an exception rather than a norm. Businesses and individuals should navigate barriers like lack of awareness, high costs, and reduced interest to drive more change.
Sustainability shouldn’t just be a trend, but a steadfast commitment. Our actions today will echo in the form of a healthier planet tomorrow.
Learn more about environmental, social, and governance (ESG) reporting and transform data for a brighter tomorrow.
Sagar Joshi is a former content marketing specialist at G2 in India. He is an engineer with a keen interest in data analytics and cybersecurity. He writes about topics related to them. You can find him reading books, learning a new language, or playing pool in his free time.
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We all are proud of becoming greener these days. The world population grows, the global...
It's official: customers choose sustainable products from sustainable brands.