Key Sustainability Trends and Developments in EMEA, 2024
This IDC Market Perspective provides an overview of key developments in corporate sustainability and ESG in Europe. Regulatory requirements (especially CSRD reporting) remain the primary drivers for initiatives. However, a multitude of laws and ESG specifications creates challenges as organizations are struggling with ESG strategy and data management. Sustainability is on the verge of becoming a business opportunity for advanced companies, but there are still hurdles to overcome and new topics emerging, such as climate risk and nature tech."Demands from regulators and other stakeholders are pushing European companies to accelerate their ESG initiatives, but as macroeconomic conditions remain difficult, sustainability maturity is advancing only slowly. Technology vendors are also in demand, but they must mature their offerings and go-to-market approaches. It will be critical to showcase business value resulting from sustainability initiatives," said Katharina Grimme, associate vice president and research lead on sustainability, IDC Europe.
Please Note: Extended description available upon request.
- Executive Snapshot
- New Market Developments and Dynamics
- Sustainability Remains High on the C-Suite Agenda
- Uncertain Macroeconomic Environment Can Distract From Sustainability Initiatives
- Tech Vendor Solutions are Emerging but are not yet Understood
- Mega Construction Projects Bolster Sustainability Transformation in the Gulf Region
- Key Tech Buyer Trends in 2024
- The Scope 3 Shock
- The Need to Establish ESG Strategies and Governance Structures
- The ESG Data Challenge
- Europe is Going Circular in 2024
- Sustainability is Starting to Reset Business Rules in Europe
- ESG Skills Shortage
- Outlook for 2024 and Beyond
- CEOs Plan Technology Investments in ESG/Sustainability
- More Regulation Will Continue to Drive Sustainability Actions
- AI and GenAI: A Curse and a Blessing?
- Nature Tech: The Next Wave of Data Requirements
- 2024: The Year We Cross the 1.5°C Threshold?
- Geopolitical Wildcards Could Have Immense Influence on Future Sustainability Developments
- Closer to Home: Some Pushback on Sustainability
- The Elephant in the Room
- Advice for Technology Suppliers and Services Providers
- Learn More
- Related Research
- Synopsis
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