Retail Sustainability Management: Leveraging Data for Action

Retail Sustainability Management: Leveraging Data for Action

This IDC Perspective highlights the importance of retail sustainability management and the usage of data for action. Retailers are increasingly integrating sustainability into their core strategies, driven by consumer demand, regulatory pressures, and the need for strategic differentiation. Despite the complexity and challenges, such as managing Scope 3 emissions and navigating a fragmented regulatory landscape, the benefits of sustainability are significant. These include improved brand loyalty, innovation, cost savings, and operational efficiency. Retailers that adopt a holistic approach to sustainability, leveraging data and technology, will position themselves as leaders in an eco-conscious market."Sustainability in retail isn't just a trend; it's a strategic imperative driven by consumer demand, regulatory pressure, and the need for competitive differentiation," said Jordan K. Speer, research director, Worldwide Retail Product Sourcing, Fulfillment, and Sustainability Strategies, IDC.