Climate change is the new buzzword globally. Enterprises and consumers are looking at sustainable alternatives to protect the resources. One of the tallest industries that has leapfrogged into the Green Space is Information Technology (IT). Led by the top three vis. Amazon, Google and Microsoft, this sector is handholding large multi-continent corporations to MSMEs in their Green Compute journey.
Typically, sustainability means “meeting the needs of the present without compromising the ability of future generations to meet their own needs.”- Ms.Gro Harlem Brundtland.
As climate change undeniably ravages the planet, the need for reform in Manufacturing, above all industries is becoming dire by the day. As the industry that provides the largest number of jobs in the US, Manufacturing needs companies to make collective, deliberate and organized efforts toward building a sustainable future. Green Manufacturing is no longer just a trend, it is a necessity and an inevitability.
In an increasingly competitive world with scarce resources and a deteriorating climate, Artificial Intelligence can help organizations navigate their path to sustainability and efficiency. AI has the potential to lower energy costs, cut energy waste, and accelerate the use of clean, renewable energy sources in power grids.
‘There’s always light at the end of the tunnel’ is the adage that can truly define how we plan to celebrate these last few days of the year. This year might remain etched in our memory as a grey year for a slightly rough edge it had. Given the massive scale of events this year, we should make a collective wish for a better future for humanity through sustainable practices both at home and on an industrial scale.
The fashion industry is the 3rd most polluting industry in the world, and by the year 2030, it is expected that there will be 148 million tons of fashion waste. With such data, it is undeniably important to understand the importance of ‘Sustainability in the Fashion Industry!’
A company’s approach to GRC (governance, risk management, and compliance) can help align the organization’s processes and actions to achieve its goals. The term GRC refers to the composite function of governance, risk management, and compliance. It can identify and address organization-wide risk, and ensure all activities meet legal and regulatory requirements.
Taking steps toward sustainability and greener manufacturing is a financially sound decision. From tax benefits and access to exclusive grants and loans to higher stock prices, the shift toward green operations is undoubtedly a wise decision.