As per the Kyndryl and Microsoft’s combined report, while 63% of organizations surveyed in the UAE see great significance in technology’s role to achieve their goals, only 30% believe they are making full use of it in their organizations.
Kyndryl in collaboration with Microsoft have released their latest ‘The Global Sustainability Barometer’ study. The study, conducted by Ecosystm, finds that while 88% of organizations in the United Arab Emirates (UAE) place a high strategic level of importance on achieving their sustainability goals, only 22% have integrated sustainability into their strategies and data.
“Many companies are at different stages of sustainability maturity. Companies are applying technology to unlock the full potential of sustainability. They are thinking beyond regulatory compliance to pragmatically execute and advance their sustainability goals,” said Faith Taylor, Chief Sustainability and ESG Officer, Kyndryl.
“Technology has emerged as a key enabler to sustainability success, and its role will only continue to grow with the advent of more sophisticated AI tools. We are eager to help drive meaningful change and contribute to a more sustainable future in collaboration with Kyndryl,” said Shelly Blackburn, Vice President, Cross Solutions Area, Microsoft.
“Faced with record-breaking temperatures and unparalleled climate-related events, this is a moment that calls for collective action from governments, industries, enterprises and individuals alike. Together with Kyndryl and Microsoft, we are honored to make this study available to forward-thinking organizations everywhere to outline steps they can take today to drive measurable sustainability impact,” said Ullrich Loeffler, Co-Founder & CEO, Ecosystm.
While CEOs and boards have made sustainability and digital transformation a priority, they need help with integration and execution of their programs to meet their goals. The study reports, 73% of organizations in the UAE use AI to monitor energy use, but only 46% use current data to predict future energy consumption. The study also suggests, CEO and boardroom should prioritise and align sustainability with finance and technology. Over 52% of organizations in the UAE entrust the CEO and the Board with leadership roles in their sustainability functions.
