Six Steps to a Sustainability Transformation
Efforts by companies to transform their business to become truly sustainable will disrupt industries and yield new growth opportunities. But successful transformations won’t be easy.
The world has changed forever. Competitive advantage awaits business leaders who act quickly in this new reality. Are you ready for the challenge?
By focusing on three critical areas—climate and sustainability, digital transformation, and resilience—companies can thrive today and in the future. Here’s how.
Even once the pandemic is behind us, businesses won’t be able to return to business as usual. The rapid acceleration of new ways of working and technology is widening the gap between winning and losing organizations; those unable to adapt to the new reality will be left behind. The task for leaders is to navigate the complexities of this current environment while preparing for the future. They’ll have to pivot quickly and refocus their attention to solve critical challenges in the years ahead, taking bold action to build organizations that are able to withstand the tests of time. BCG has the experience and insights to help.
Businesses are at a defining moment to act on sustainability. Those that act decisively have the opportunity to create sustainable competitive advantage for the long term. Thanks to the scale and speed at which they operate, businesses are also uniquely positioned to address climate change and many of the other serious challenges facing our world. We have the expertise to help companies step up their commitments, reduce their emissions, and partner across the public, private, and social sectors to generate sustainable impact.
Efforts by companies to transform their business to become truly sustainable will disrupt industries and yield new growth opportunities. But successful transformations won’t be easy.
Environmental sustainability has been a low priority for most defense contractors. But the industry is facing mounting pressure to decarbonize.
The goalpost hasn’t changed because of the disruptions from COVID-19. Carriers that don’t take action on emissions could have reforms imposed by outside forces.
To achieve net-zero goals, the public sector must augment efforts by private investors and corporations to accelerate climate solutions, paving the way by thinking big and taking chances.
BCG research suggests that the gap between winners and losers increases during a crisis—and that performance in times of turmoil has far-reaching consequences. But resilience isn’t just about weathering the storm. It’s about being ready for whatever comes next, finding ways to minimize disruption and adapt quickly to change. To win in the new reality, businesses will have to reflect on what they learned during the pandemic and integrate those lessons into their operating models and ways of working.
The pandemic won’t be the last global crisis we face. Here are six principles public sector organizations should follow to prepare for future disruptions.
Some struggling organizations had transformations underway when the pandemic hit. Instead of scaling back their aspirations, they redoubled their efforts and emerged from the crisis far stronger.
After the COVID-19 crisis forced leaders to shift their attention to navigating critical short-term issues, many are now refocusing on the longer-term agenda for their businesses. Here are five key imperatives for succeeding in the remainder of this decade.
Keep resilience on the transformation agenda. Change programs that prioritize growth, debt reduction, and operational flexibility realize the full value of resilience and build advantage for the next crisis.
In this video series, BCG experts explain how successful organizations build resilience in order to rebound from adversity, respond to change, and reimagine businesses that will flourish in new circumstances.
The pandemic has put the power of digital on full display, catapulting the world of work five to ten years into the future. Even as employees start to return to their offices, it’s clear that workplaces won’t ever return to normal. Leading in the new reality requires robust digital capabilities and—in many cases—a comprehensive transformation that can support these new ways of working.
In this series—which began with the original 2014 Decoding report—BCG and The Network document the ongoing evolution of work and highlight how workplaces will have to change in the future.
What employees in the industry tell us about remote work, job preferences, automation, and learning.
In an increasingly digital world, companies, especially service businesses, that transform themselves to compete in real time can gain an advantage over rivals.
Yesterday’s models can’t handle today’s challenges. Businesses won’t survive without a bold new approach for tomorrow.
