The Role of Technology in Driving the Transition to a Low-Carbon Economy
Deloitte Global predicts that in 2023, the tech industry will ‘move faster’ on climate action than non-tech industries, meaning more tech companies are aiming for net zero by 2030¹. This trend is further supported by predictions from Google cloud experts, who anticipate that by 2025, most developers (3 out of 4) will prioritise sustainability as their primary development principle². These predictions highlight the growing importance of the technology industry in driving the transition to implement technology to decarbonise rapidly.
In addition, there are several broader factors driving businesses to address their environmental, social, and governance (ESG) impact, such as:
References
¹Technology, Media & Telecomunications 2023 Predictions report, Deloitte,
https://www2.deloitte.com/us/en/insights/industry/technology/technology-media-and-telecom-predictions.html#techs-climate-commitment
²IT prediction: Organizations prioritise sustainability as part of application design, Google,https://cloud.google.com/blog/topics/sustainability/sustainability-emerges-as-a-key-development-principle
³Clean cloud: Meeting the climate challenge in Australia & New Zealand, 2022
https://www2.deloitte.com/au/en/pages/technology/articles/clean-cloud.html
⁴Deloitte 2023 CxO Sustainability Report Deloitte,
https://www.deloitte.com/content/dam/assets-shared/legacy/docs/2023-deloitte-cxo-sustainability-report.pdf
⁵On the money: A blueprint for improving cost financial management in the cloud, Deloitte,
August 2022https://www2.deloitte.com/au/en/pages/consumer-business/articles/on-the-money.html
* - Businesses need to stay informed about the latest regulations and requirements in order to comply and maintain good ESG practices.