Sustainability is no longer rhetoric in business, rather a paradigm that would help the organizations in mitigating the impact of their actions on close proximities. During the pandemic, it has become a focus area for where the enterprises are heading. Sustainability, today is a prominent factor, as ESG (Environmental, Social and Governance) metrics analyse the sustainable practices and ethical impact of an enterprise, including boardroom diversity, carbon footprint, sustainable sourcing and community development.
The road to complete sustainability is long, but the long-term impact is definite. India is on a path to becoming a $5 trillion powerhouse and we've already been witness to unprecedented growth in its economic activity. That being said, the trade-off must not be made at the cost of inclusion and sustainability. While getting there will be challenging, it is possible. How can these ambitions be met? Finding solutions will require innovation and collaboration, within and across organizations—accelerating the ability to grow through advances in technology and capabilities, spurring innovation without damaging the planet, and bringing people along in equitable, inclusive ways. Companies will require to make sustainability an element of their corporate culture and train employees on how to integrate sustainability into their work.