Sustainability Transformation Monitor 2023

20.01.2023

Valuable insights from practitioners how to overcome transformation obstacles

Despite crisis mode, the importance of sustainability continues up high. According to the 2023 Sustainability Transformation Monitor, knowledge, resources, and complexity are only a few of the challenges to tackle in your sustainability transformation. What are the main obstacles and how to overcome them?

Practitioners provided valuable insights on their perspective and rated potential transformation inhibitors in descending order:

๐Ÿšง Regulatory Complexity
๐Ÿšง Missing Data Management
๐Ÿšง No Digitization/Digitalization of Processes
๐Ÿšง Missing Standardization
๐Ÿšง Few Personnel Resources
๐Ÿšง Low Internal Sustainability Knowledge
๐Ÿšง Resistance Of Workforce / Departments

Being aware of the main obstacles, are we able to proactively turn them to our favor?

๐—ฆ๐˜๐—ฎ๐—ฟ๐˜ ๐—ป๐—ผ๐˜„, ๐—ฏ๐—ฒ ๐—ฝ๐—ฟ๐—ฎ๐—ด๐—บ๐—ฎ๐˜๐—ถ๐—ฐ ๐—ฎ๐—ป๐—ฑ ๐˜‚๐˜€๐—ฒ ๐˜๐—ต๐—ฒ ๐—ฝ๐—ผ๐˜„๐—ฒ๐—ฟ ๐—ผ๐—ณ ๐—ด๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ
Sustainability is increasingly positioned at the center of management and controlling while consistent translation into processes and targets are lagging behind. To not get overwhelmed by the complexity and missing standardization, structure your activities in a concise sustainability program based on material topics, corresponding fields of action and in line with standards. Do you need further inspiration? https://bit.ly/3QSZK4M

Among the most important governance topics, Sustainability Transformation Monitor identifies a well-suited set of KPIs and measurements of target attainment and standards for sustainable corporate governance.

๐—ฆ๐—ฒ๐˜ ๐˜‚๐—ฝ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฑ๐—ฎ๐˜๐—ฎ ๐—บ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—น๐˜†
Data consistency and digitization are key to managing, controlling, and reporting on sustainability. โ€œYou Can’t Measure It, You Can’t Manage Itโ€ holds true for sustainability transformation. Start now to set up consistent sustainability measures. The good news is, with the right setup you will be able to use your data both for controlling your sustainability actions and to provide all data necessary for your reporting. We have covered it here: http://bit.ly/3GUzzX8

๐—ฃ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒ
โ€œCulture eats strategy for breakfast.โ€ People and organizational culture have a tremendous impact on the success of sustainability transformation. Sustainability is complex and needs to be broken down to be connected to all levels of the organization. Distributing roles and responsibilities helps to bring agency and knowledge to your workforce and helps to speed up processes. Another upside is that co-creation and cross-department teams may break down opposition or departmentalism. How to set up a sustainability organization: https://bit.ly/3GUVBbZ

TransformationMonitor23

Last but not least, the financial market and the real economy need to redirect capital to empower transformation. Ask your management board: how much of your products/services already align for future readiness? In STM23, Managing Directors ranked as the second-strongest driver for transformation – their decisions transform business models.

Download: http://bit.ly/3wfSJ4M
Bertelsmann Stiftung