IBM’s State of Sustainability Readiness Report 2024 Shows India is a Leader in AI-Driven Sustainability Initiatives

2024-11-28 01:51:43 Technology

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Bengaluru, India, November 28, 2024 - IBM (NYSE: IBM) released its first-ever State of Sustainability Readiness Report 2024, revealing that 98% of Indian business leaders surveyed are planning to increase investment in IT for sustainability over the next 12 months. The research emphasizes that the majority of Indian respondents view investments in IT as vital not only for environmental responsibility but also to drive long-term business resilience (61%) and brand reputation (64%).

\"As sustainability becomes central to business growth strategies, AI is proving to be a game-changer in driving responsible growth,\" said Sandip Patel, Managing Director of IBM India/South Asia. \"Today, India stands out as a leader in AI-driven sustainability. Business leaders across the country view sustainability as a strategic lever for transformation, and IBM is advancing AI solutions to help accelerate their sustainability goals,\" added Patel.

AI for Sustainability

Almost universally, respondents had a positive take on AI\'s potential for sustainability: 9 out of 10 surveyed executives globally agree that AI will positively influence achieving their sustainability goals. In line, most Indian executives (96%) believe that AI can positively impact their sustainability goals. Underscoring India\'s commitment to sustainable innovation, most business leaders are already leveraging the power of AI, with 64% of Indian companies actively using AI in their sustainability efforts.

Challenges and drivers

The report also highlights water usage as one of the top challenges specific to Indian companies. Brand reputation (64%) is the top driver of IT sustainability investment at companies in India, followed by long-term business resilience (61%).

While 81% of Indian leaders adopt a proactive approach towards Climate Resilience, 54% implement opportunity-driven sustainability investments. Further, 79% of Indian leaders report having mature systems to track sustainability goals through data.

Actionable Recommendations

IBM\'s State of Sustainability Readiness Report provides key recommendations to business leaders and organizations eager to confront sustainability challenges. Among them:

Invest in the AI tools that are right for your organization – For example, generative AI can provide insights that help identify opportunities to reduce carbon emissions and create scenarios and algorithms for more sustainable business practices. This can provide organizations the insights needed to address climate crises and turn sustainability ambition into action.
Lean in on data to lessen the perception gap between C-suite and lower-level decision makers – As top challenges to sustainability continue to evolve, organizations should collect data from across their business to better understand the difference in perceptions between C-suite and lower-level decision makers. Leveraging data analysis and reporting tools can uncover blind spots and maintain visibility and alignment across the organization.

The State of Sustainability Readiness 2024 report was conducted independently by Morning Consult and sponsored, analyzed and published by IBM. Interviews were conducted between April and May of 2024 with 2,790 business leaders and decision-makers across 15 industries and 9 countries, including India.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM\'s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM\'s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM\'s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit ibm.com for more information.