Sustainability has become a necessity, not just an option. With the increase of actions that disrupt the balance of nature, the habitability of our planet is now under threat. Problems such as climate change, depletion of natural resources, environmental pollution are one of the biggest challenges facing humanity. However, sustainability offers us an opportunity to overcome these problems. Sustainable business practices and lifestyles will help us achieve the goal of leaving a better world for future generations and using available resources more efficiently. At this point, it is useful to look at the trends related to sustainability.
Climate change is getting worse.
Unfortunately, climate change is getting worse. The chaos we are in will continue to bring us massive wildfires, extreme floods and storms, heatwaves and droughts, and more. We will also see the degradation of natural systems and the reduction of biodiversity. So it wouldn’t be wrong to say that these effects will be felt throughout the operations of companies and their supply chains. Companies also need to have better skills in managing the surge.
It is worth noting that companies can continue to report.
We see that sustainability reporting in companies is attracting more attention. Because these reports provide transparency and demonstrate the environmental, social and governance performance of companies, allowing stakeholders to better understand and make decisions about the company’s sustainability efforts. These reports also enable better management of environmental and social risks and increase the potential for long-term value creation while enabling companies to gain a competitive advantage. It also strengthens the reputation of companies by increasing accountability to the public and regulators.
2024 could be a critical year for the voluntary carbon market (GCP).
2024 could be a critical year for the voluntary carbon market (GCP). With new integrity guidelines in 2024, we will monitor how GKP project developers respond and how buyers drive demand for higher quality carbon credits.
Collaborations are increasing to tackle sustainability challenges.
Increasing collaborations to tackle sustainability challenges are responding to an important need we face globally. Acting alone in the face of problems leads to limited success, while institutions that come together with collaborations combine their resources to produce more effective and comprehensive solutions. In particular, collaborations in specific sectors, such as carbon-intensive industries, have great potential to drive transformation across the industry. Such collaborations aim to make progress in sustainability, both by providing a platform for technology development and innovation and by increasing demand for green products. In this way, collaborations between companies, governments, non-governmental organizations and other stakeholders play a critical role in achieving sustainability goals on a global scale.
A potential global plastic ban could trigger the transition to a plastic circular economy.
The global plastic ban potential could lead to further steps towards the transition to a plastic circular economy. At this point, a global agreement to stop plastic pollution is planned to be finalized by the end of 2024, impacting the full life cycle of plastics, including manufacturing and design. If the treaty is ratified, it will be the first legally binding international effort. It is predicted that this development could trigger larger investments in the plastic circular economy.
The use of artificial intelligence can support sustainability goals and lead to new operational efficiencies.
Artificial intelligence can process large amounts of data and thus open up ways to follow and understand environmental and social issues. Therefore, companies can reduce the cost barrier of tracking and reporting on sustainability issues.
Sustainability is a priority for job seekers.
With the increasing emphasis of corporate social responsibility concept, job seekers prioritize companies that are in line with their values. This shows that there may be a shift towards sustainability-oriented employment practices.
Advanced simulation software reinforces eco-friendly design.
Advanced simulation software plays an important role in an environment where product designers are under pressure to create more sustainable products. This software helps manufacturers optimize and maintain designs before physically creating them.
Renewable energy is preparing to peak.
According to the International Energy Agency (IEA), global renewable energy generation capacity is expected to exceed 4.500 gigawatts by 2024, which is equivalent to the energy produced by fossil fuels. According to the report, renewable energy is projected to surpass coal as the world’s largest source of electricity by 2025.
My return is on the foreground.
My return is not a new concept. Already many homes and companies around the world are recycling in some way. But manufacturers will increase their efforts to reduce and recycle packaging and encourage consumers to do the same. We will see all these efforts in all sectors.
Sustainable transportation options are being improved.
The improvement of sustainable transportation options for most countries continues to be steady. Improvements include increased cycling, low-carbon public transport, and the introduction of electric vehicles and other vehicles.
The popularity of reuse and second-hand shopping is growing.
The popularity of second-hand shopping, reuse of products and materials is constantly growing. This drastically reduces the environmental impact of new product production, supply chains and delivery, while also minimizing spending costs for millions of consumers.
Green finance is expanding.
Green finance is a financial mechanism that supports environmentally sustainable economic activities and is a rapidly growing trend in the financial sector. As more companies and governments adopt sustainable practices, green financing will expand significantly. This will help accelerate the transition to a low-carbon economy and promote sustainable development.
Sustainable urban development practices are increasing.
Sustainable urban development is the process of creating environmentally sustainable, socially inclusive and economically sustainable cities. in 2024, we can expect more cities to adopt sustainable urban development practices such as energy efficiency, green spaces, public transport and renewable energy.
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