Sustainability Issues Seen as Growing Priority Next Year, According to New Industry Report

A newly published industry report is predicting that the issue of environmental sustainability is going to be more important in 2023 than ever before,

The publication, Forrester’s Environmental Sustainability Forecast Report, forecasts that carbon offsets and credits will be newly popular next year, but without the criticisms from many in the business community regarding processes.

The publication is also reporting that some 61% of Fortune Global 200 companies have now named an official sustainability leader. Several months ago, the publication also revealed that corporate concerns pertaining to sustainability policies have clearly become an international preoccupation, with around 25% of European companies hiring chief sustainability officers this year.

The publication is being put out by Cambridge, Massachusetts-based Forrester Research, a service providing specialized and in-depth research for companies across the globe.

“Technology vendors and mature organizations that have learned from past carbon offsets,” says the publication, will on the contrary “lead the way in setting carbon-offset transparency standards and providing marketplaces.”

Some of the largest Fortune Global 200 companies, in addressing concerns about sustainability, will also limit air travel. In the process, those companies will increasingly implement travel emissions in evaluating company travel practices.

Carbon accounting standards based on “the best of existing standards” will more come to the fore, using data produced by such groups as the United National and the International Organization for Standardization, the publication adds.

​By Garry Boulard

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