Environmental pressures and consumer demand are set to reshape business models and operations with a revolution of product technologies and services. This report introduces Euromonitor’s Environmental Sustainability Index, which ranks 97 markets – which in 2018 represented 89.1% of the world’s population and 97.2% of global GDP – highlighting country-specific risks and opportunities in the sustainability space.
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With economies heavily dependent on natural resources for their operations and more stringent legislation coming into place, the protection of natural resources and the transition towards more sustainable production and consumption models has become a strategic imperative for corporate survival and success. While environmental shifts and pressures pose substantial operational risks and challenges to businesses, they also open up exciting opportunities to make significant changes in resources’ efficiency, renewable energy and water solutions, and ultimately grow the bottom line, contributing to accelerating the transition to achieve a more sustainable future, making the 2030 UN agenda a reality.
Although sustainability is not a new concept, global attention to this topic has soared, especially after the launch of the UN Sustainability Development Goals in 2015, a global framework to guide the transition towards a more sustainable future by 2030. As investors, stakeholders and consumers are starting to demand accountability for environmental impacts, corporations are increasingly seeing the value of putting sustainability at the core of their business strategies with a growing number of “purpose-driven” businesses, as opposed to traditional “profit-driven” businesses across all industries.
Every industry has its own environmental challenges and opportunities depending on the markets where they source, manufacture and sell their products. The Environmental Sustainability Index provides a multi-dimensional framework that can be used by businesses and governments to make informed decisions regarding their sustainability strategies and programmes.