The increasing importance of sustainability in business strategy was highlighted in interviews with over 100 executives. A pressing factor is the EU's Corporate Sustainability Directive (CSRD) mandating standardized ESG reporting, affecting many companies. Particularly challenging for tech firms is managing Scope 3 emissions, which often account for the majority of their carbon footprint. Companies like Palo Alto Networks are forming partnerships to tackle emissions at the source. Advancements in tech, such as energy-efficient innovations, also emphasize profitability alongside sustainability, while there’s a growing push for extending the lifespan of hardware and implementing circular economy principles.
"Sustainability is no longer a 'nice to have.' It's now a core business strategy."
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