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Sustainability Industry Insights
Deloitte’s flagship publication series explores the ways businesses navigate the path to net zero, embrace circular economy practices and become better stewards of the environment – all while leveraging a competitive edge.
Sustainability Industry Insights focuses on high-emitting and hard-to-abate industries from chemicals to steel as well as consumer sectors such as automotive, consumer products and retail.
As key sustainability enablers closely intertwined with these industries, energy and finance also feature strongly. Our research shows, for example, that it will take anywhere from 5 to 7 trillion EUR per year up to 2050 to finance the global energy transition (Deloitte, 2023).
This is quite an ambitious undertaking for today’s enterprises: creating a future where we can produce as well as consume products and services without adverse environmental impacts or resource depletion.
Though the challenges will be very different for each sector, our goal is to be a force for change with evidence-based analysis, first-hand insights from Deloitte practitioners and the broad-based, deep expertise Deloitte has gained across industries and around the world.
Explore our Sustainability Industry Insights
Key areas of sustainability transformation
Today’s companies are focusing on three main areas in their sustainability transformation: protecting the climate, conserving and reusing resources as well as becoming better stewards of nature. Decarbonizing industries is key if we are serious about limiting global warming. Industries alone were responsible for 20 Gt CO2eq of greenhouse gas emissions (scope 1 and 2) in 2019, roughly 34 per cent of all man-made emissions, and that number continues to rise (IPCC, 2022). The circular economy is not only focused on reducing greenhouse gas emissions; it also champions using renewable raw materials and recycled inputs, maximizing resource efficiency and avoiding unusable waste, litter and pollution. Our stewardship of nature, whether we are protecting biodiversity or entire ecosystems, benefits from both a carbon-neutral and a circular economy. As most businesses are dependent on natural resources, we recommend a whole-economy approach with sustainable business practices designed to prevent environmental damage and rehabilitate our ecosystems.
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Prof. Dr. Bernhard Lorentz
