The future belongs to sustainable business models. What was considered “nice to have” until a few years ago will determine the economic success of companies and business models in future. To make sustainability tangible, three main categories were defined: Environment, Social and Governance (ESG). Consequently, it is not only about climate change, but also about social and societal aspects of sustainable corporate governance.
In this context, companies are expected to be aware of the environmental and social impacts of their business model, in addition to purely financial key figures and reporting, and to manage them within the framework of sustainable corporate governance. This fundamental transformation of the economy as a whole, as well as of company-specific business models, is closely accompanied by regulation, e.g. within the framework of the EU taxonomy or the Supply Chain Due Diligence Act.
A properly implemented Digital Transformation has already established itself as an enabler for new business models and far-reaching efficiency gains. The sustainability transformation that is now imminent can build on this and efficiently implement the necessary adjustments.