Will your organization turn disruption into opportunity? - Capgemini
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
T H E B E S T M O M E N T TO C A R R Y O U T A S U S TA I N A B L E B U S I N E S S T R A N S F O R M AT I O N I S D U R I N G A P E R I O D O F S I G N I F I C A N T DISRUPTION. WHEN IT'S NO LONGER BUSINE SS A S USUAL, O R G A N I Z AT I O N S C A N S E I Z E T H E M O M E N T TO R E D E F I N E T H E I R S T R AT E G Y W I T H S U S TA I N A B I L I T Y I N T E G R AT E D I N TO B U S I N E S S MODELS. E XECUTIVE SUMMARY – A W I N D O W O N S U S TA I N A B I L I T Y Disruption can power sustainability focus on sustainability transformation Ikea, for example, has established transformation. As perverse as that initiatives. But when core business a strategic partnership with the Ellen might sound, the rationale for this models are being disrupted by MacArthur Foundation, through which thinking is simple. In normal times, external factors, there is a window of it is aiming to become a fully circular short-term growth ambitions can opportunity to seed sustainability into company by 2030.2 In the last ten years, restrict the ability of businesses to these models as they are reinvented it has chosen to internalize part of its for the future. supply chain by investing €2.7 billion in infrastructure dedicated to wind and The inevitable transformation toward solar power. This has seen Ikea sourcing a sustainable industry has already all its energy requirements sustainably THIS POINT OF begun, with all sectors significantly one year ahead of schedule, and the VIEW DR AWS ON more advanced in this than might be company is now able to sell the surplus A N A LY S I S O F 41 imagined. Transformation programs generated.3 L’Oréal is taking a different USE CASES FROM of both business and entire value approach. To meet its ambitious 2030 19 I N D U S T R I E S I N chains are underway, with a long sustainability targets, the company has 17 C O U N T R I E S T O list of companies, especially market established the “L’Oréal for the Future” INFORM OUR leaders, forging ahead with change. By program and is investing €150 million OPINION AND embracing sustainability as a strategic in activities focused on regenerating GUIDE OUR objective, they aim to become more damaged ecosystems, developing R E C O M M E N D AT I O N S . efficient and improve performance projects linked to the circular economy, with respect to the triple bottom line and donating to charities committed to of people, planet and profit.1 supporting vulnerable women.4 —02
Nine behemoths, among which are and how does it differ from acting Microsoft, Mercedes-Benz, Unilever, sustainably? We consider different Nike, and A.P. Moller-Maersk, have pathways to sustainability depending The transformation announced “Transform to Net Zero”, on the industry, and we make the an initiative aimed at driving radical case for strong and enlightened toward a sustainable change across all sectors with the leadership as the driving force for industry will lead to objective of reaching Net Zero change. Finally, we argue that the a better reality. The emissions by 2050.5 The transformative turbulent economic and social context three dimensions actions supporting this initiative will of a global pandemic has set the stage impact corporate strategies, and for sustainable transformation as of sustainable entire supply chains. Capgemini itself a business imperative. development – is at the forefront of implementing an economic, social ambitious transformation program, and environmental – with the aim to reach Net Zero status by 2030.6 Google, having already have no boundaries. eliminated its carbon legacy (the Businesses must first major company in the world to act now, leaving no reach this goal), has announced that one behind, in order it intends to power all its facilities through carbon-free energy by 2030.7 to dominate in the future.” In this Point of View, we look at the drivers for sustainability evolution Francesca Zoppi – or revolution – and consider its Sustainable Development place as the backbone of corporate Specialist, United Nations strategy. What is being sustainable —03
THE SHIFT FROM CSR TO E SG… Over the past three years, we have witnessed an evolution in the meaning of sustainable business. This represents a disruptive paradigm shift mainly determined by two forces that have been significant drivers of transformation: regulation and people’s needs. Previously, companies’ sustainability actions were mainly limited to the adoption of corporate social responsibility (CSR) and marketing practices (i.e., recycling initiatives, reduction of paper usage, use of low consumption lighting, or donations and volunteering). Nowadays, the key action is to integrate sustainability in the business model and all aspects of the operating model, from an environmental, social and governance (ESG) perspective. … DRIVEN BY R E G U L AT I O N markets. These successes are further The same percentage declares that emphasized by pledges from world- the corporate commitment on these class investment funds leaders, such topics directly influences the choice of The publication of the European as BlackRock, to offer sustainably- remaining with their employer for the Commission’s Action Plan in 2018 focused funds.10 long term. 40% of Millennials report highlights the profound commitment having accepted a job from a company by European and national regulators, because it was achieving a better among which are the recent European sustainability performance than that Green Deal8 and Next Generation … DRIVEN BY PEOPLE of competing offers. This emphasizes EU9, to operationally decline the ESG the centrality of the issue for new factors to steer the financial world, generations that will find themselves and more broadly the entire economy, As is often the case, it is people who in economic and political leadership in to reach the goals of the 2030 UN can truly make a difference by means the coming decades. Agenda and Paris Agreement. Such of sustainably conscious choices, intense regulatory pressure on the whether they are consumers, investors, financial markets is getting results, electors, current employees, or the with investments being channeled workforce of tomorrow. Some studies towards sustainable enterprises, since demonstrate that 70% of employees it acts as a driving force for the whole are actively seeking a company with industry exposed to capital and debt a strong environmental vocation.11 —04
… D R I V I N G S O C I E TA L CHANGE Thus, the integration of sustainability within the company becomes both 42% 11% the backbone of corporate strategy I have already changed my I am not at all and a real opportunity to create purchase preferences concerned about shared value.13 This can contribute to based on social, how my purchase a substantial societal improvement economic and preferences affect where the enterprise itself operates environmental the society, impact economy or and pursues its business goals. Such environment a paradigm shift can also improve operational performance in terms 79% of: savings and additional revenues; I am concerned competitive advantages in product and about the social, process innovation14; the management economic of risks connected to the business activity (raw material scarcity, 37% or environmental impact of reputational problems, new regulation I may change my my purchase purchase preferences preferences but and climate change); and, not least, in based on social, economic I would not change achieving financial performances that and environmental impact 10% them are superior, on average, to the rest of the market.15 Figure 1. 79% of consumers are changing their purchase preferences based on the environmental and social impact of the products. Source: Capgemini Research Institute, “How sustainability is fundamentally changing consumer preferences”12 Consolidated benefit deriving from the implementation of sustainable transformation programs (million euros, approximate cumulative values) 2.100€ 2.000€ 2000€ 1.000€ 1.000€ 1.000€ 750€ 315€ 300€ 171€ 140€ 3M Unilever Danone Google Nestle General BMW Walmart Patagonia Nike Ikea Electric Cost reductions Additonal revenues Figure 2. Sustainable transformation allows businesses to benefit from substantial operating cost reductions or revenue stream increases. Source: Capgemini Invent analysis —05
S U S TA I N A B L E B U S I N E S S I S A S T R AT E G I C C H O I C E There is a significant difference ADDRESSING THE It is also worth reminding ourselves between acting sustainably and COS T BA RRIER that deriving competitive advantage being sustainable. Choosing to from a sustainable paradigm shift is not be a sustainable business means just about costs. Rather, it also requires embarking on a path of transformation High costs and the cultural implications deeply embedding sustainability across three dimensions: inside the for top management are cited as in the corporate culture: strategic company (operating model), outside inhibitors of change. Indeed, tackling sustainability initiatives require the company (value proposition and a sustainable transformation requires a strong and enlightened leadership supply chain), and human (hiring and the enterprise to own or seek out by senior management, and this is no development policies, or employees and substantial financial resources to fund trivial matter given that sustainability is top management compensation). the various phases of process change, not seen as a strategic issue. In fact, to especially in the early stages. To avoid paraphrase another Harvard Business Such profound evolution implies a sudden cessation of activities, those Review article, CEOs have learned courageous and conscious decisions, planning a sustainable transformation that they need to move beyond simply with a detailed program of action should first analyze all the cost items appointing a ‘sustainability leader’ and that has a multi-year implementation affected by the change and determine are committing to institutionalizing horizon, to which a dedicated whether the company has adequate new executive positions with the investment budget must be allocated. resources or needs to take on debt.18 requisite resources and responsibilities Yet opting to implement meaningful to align the sustainable vision with transformation programs with Getting this aspect of the corporate strategy.20 sustainability as an objective during transformation right is important. times of operational continuity is Given the predominance of short- rare. That’s especially so if the top term goals during business-as-usual, management performance is measured what discourages a sustainable on short-term goals. transformation are the high costs. This is hardly surprising, since the benefits During these business-as-usual phases, in terms of positive returns can only be it is common practice for enterprises observed in the long run. to pursue CSR actions, financing sustainable initiatives and companies, supporting local communities, or conducting philanthropic and TA K I N G A L O N G E R - volunteering activities. This is CSR as TERM VIEW opposed to embedded ESG. At such times, the corporate strategic decisions are aimed at profit maximization, So, how do you make sustainability acting on cost and revenue levers, while efforts pay off? According to the the implementation of a sustainable Harvard Business Review, while many transformation is often not considered enterprises adopt a conservative a priority. Why? Because it could disrupt approach, others, like Sekem, have company operations16 in such a way that taken a more forward-looking stance, requires a significant deviation from sustainably innovating their processes the previously defined strategy and the by adopting operational practices initiation of a complex cultural change that might initially cost more but will in top management.17 eventually lead to substantially lower costs and higher yields.19 —06
M A K I N G T H E S U S TA I N A B L E BUSINESS MODEL WORK With the decision taken to adopt as Figure 3 shows, sustainable a sustainable business model, there transformation programs can impact is a vast spectrum of solutions for multiple company functions, depending integrating ESG principles into day- on the choice of intervention factors. to-day operations. The degree of complexity is highly variable and, Areas of intervention of the sustainable transformation programs Redefinition of Redefinition risk management of the supply practices and chain, choice 28% migration actions of sustainable Efficiency 47% Redefinition suppliers improvement of of tax strategy transportation and and reporting logistics methodologies CO2 emissions Finance Operations reduction and Board energy efficency accountability Legal & improvement Procurement on sustainability Compliance issues En Natural resources ce vi management n Risk ro protocols na Redefinition Logistics nm management Gover of the top ental Program of management incentive system ESG upcycling and waste Organization R&D management Corruption and Design for the abuse of power S o c ial second life of the policies Quality product assurance HR CSR & Sourcing Diversity, Marketing Workers protection inclusion and and safety, anti equal opportunity minors or forced policies labor policies Actions of Policies corporate favouring citizenship by Consumer protection work-life the company by reducing the balance risks associated with product use 25% Figure 3. The percentage of analyzed cases involving at least one of the three ESG factors. Source: Capgemini Invent analysis —07
Operators in the energy sector, for instance, need to deal with major infrastructure transformations to integrate sustainability within their corporate strategy, and such actions often require multi-year funding plans. This was the case for Edison when it became Italy’s second wind power operator following a €172.3 million acquisition of EDF Energies Nouvelles Italia in 2019.21 For other service companies characterized by lower-impact infrastructure investments, sustainable transformation programs generate a positive social impact. can be implemented with greater These Sustainable Living brands have agility. For example, in the case grown 69% faster than the company’s G R E E N T E A AT of Netflix, the path to sustainable other brands, accounting for 75% of UNILEVER BR AND transformation began in 2008 when the company’s entire growth.24 the management of the company’s IT systems was moved from its physical Unilever brand Lipton Tea data centers to the Amazon Web has committed to relying Services cloud. Thanks to the cloud’s A N I T- L E D A P P R O A C H on 100% sustainable tea scalability and reliability, Netflix suppliers with Rainforest lowered the cost of each stream Alliance certification, and to to a fraction of what it would have As both a contributor to and mitigator obtain the same certificate been had it maintained its initial of greenhouse gas (GHG) emissions, for its plantations26. This architecture, and quickly recouped the technology is central to making the was a complex process as costs incurred in implementing the sustainable business model work. Lipton Tea had to obtain program.22 While integrating ESG principles is this certification for its a challenging goal, technology can tea gardens and those of In contrast, product companies are offer an exciting opportunity to its suppliers. There were increasingly focusing their efforts make a real difference. For example, numerous challenges related on offering sustainable products, in a recent paper, the Capgemini to the supervision and with as many as 90% of executives Research Institute explored AI-enabled respect of satisfactory living in the consumer products and retail use cases and how to leverage AI’s full and working conditions for industry agreeing that sustainability climate action potential25. The paper agricultural workers and their is a key driver for their sector.23 This argued that to kick-start progress, families, guaranteeing fair and implies a radical redefinition of the organizations should focus on building above-average remuneration, value chain, impacting multiple areas, technological foundations, scale providing mandatory training ranging from product design to IT, the most impactful use cases, and programs to raise awareness sourcing, distribution systems and collaborate with the larger climate about production practices with labor policies. ecosystem. reduced environmental impact and biodiversity preservation27. At Unilever, we can see this radical Finally, Lipton had to make the redefinition in practice. The company entire supply chain transparent has created its Sustainable Living to the final consumer.28 brand of products that limit negative effects on the environment and —08
“ L E T ’ S B E G I N B Y C L E A R LY S TAT I N G A P R I N C I P L E : S U S TA I N A B I L I T Y I S N OT A T R E N D , I T I S A C I V I L D U T Y.” Capgemini is collaborating At AWorld we believe that we only have Brands and businesses are a part of our with AWorld in support of one world, our home and only planet – the cultural framework, part of the system ActNow, the United Nations’ A World. There is no planet B, there is no we are working to revolutionize. Once global campaign against more “stalling”, the time has come and they align their values with the earth and climate change that aims to it’s now. sustainability it will become a beacon of raise awareness and guide light for the whole world to be inspired by. the public towards a more Talking about systemic change is complex. sustainable lifestyle. There are many different facets to Corporate Social Responsibility will consider, from our individual actions become the businesses’ system, an to corporate values. All of these pieces extension of its mission. Innovation, as need to work together with the utmost a key ingredient, will make it possible cohesiveness to achieve our goals, our to transform these ideals into concrete, vision, what we believe needs to be done measurable and verifiable facts which, in to save our home. But, at the same time, a context of consistent actions, constitute this idea can seem so simplistic. So obvious. a company’s credibility assets. If we all act together toward a shared sense of value, we can connect back to The transition process is therefore the what our ancestors always knew: nature journey that companies “must” undertake: and all of its incredibly complex systems want to work together to create the best • a map is needed: the 17 United life possible for all of us. That the natural Nations Sustainable Development thing is to live in sync with nature and Goals, embody the ebbs and flows of our earth with our lives. To celebrate nature through • a motivated and involved crew our prosperity. is needed: all employees and stakeholders, to feel part of a project, As with every period of transition, it can seem daunting. We’ve been taking • an organization is needed: the advantage of nature for so long, how could company that sets itself up to embrace we possibly get back in sync? The cultural the principles of sustainability, shift towards a value-based economy is our guiding light here. Asking ourselves • a winning mentality is needed: a new whether this aligns with our mission rather culture to grow and live in a new than if it will enrich us, thinking about the world.” long-term effects of our actions. When we all make a change together, our world will start to shift to look more like we do. More Alessandro Armillotta like our values and more like our customs. CEO AWorld When we all participate and prioritize this Marco Armellino mission the whole world will feel it. President & Co-Founder AWorld —09
BUSINESS DISRUPTION CAN A CC E L E R AT E T R A N S F O R M AT I O N The best moment to carry out introduction of new regulations, Senior management will already a sustainable business transformation is changes in consumer preferences, be grappling with the inevitable during a period of significant disruption market shocks, natural and health transformation needed to ensure impacting business continuity. As disasters, or episodes of social and business continuity, and forced Capgemini Invent’s analysis reveals, political instability. to redefine long-term strategy as that’s because this ‘discontinuity’ necessary. triggers a strong need for change, in • Internal discontinuities: events that which sustainability can be embedded. originate within the company, such The opportunity to make this change as changes in the board of directors sustainable rests on the fact that the Disruption to business continuity has or top management, mergers and transformation has become necessary, both external and internal causes. This acquisitions, drastic reductions in thus the perceived cost and complexity discontinuity is typically characterized profitability, or development of of a sustainable transformation will by a significant change that occurs new technological solutions.29 be subsumed into the company’s abruptly and unexpectedly, causing response to the business discontinuity. instability in the target environment: In each instance, this disruption forces Sustainability can simply be intervention across multiple business incorporated as a new element in the • External discontinuities: functions, leading to roles, processes strategic decision-making process. events that are difficult for the and activities being redefined. This is company to influence. This type the moment to seize the sustainable of discontinuity includes the business transformation initiative. —10
A HEIGHTENED ESG Green Power. The success of the 2020 the Protein program delivered PERFORMANCE transformation program has been more than €300 million of incremental fully confirmed by the company’s savings, bringing its total savings to economic performance. In 2019 alone, €1.3 billion since 2017.36 A recent publication by CASS 91% of Enel’s total EBITDA (€16.2 Business School has shown how billion)31 was generated by low-carbon Finally, economic crisis can also ESG performance, particularly technologies, products and services. represent a powerful moment of concerning environmental issues, At the same time, there was a sharp disruption in business-as-usual. In improves significantly following an decrease in revenues from coal-fired this instance, BMW Group offers M&A transaction, which is one of power plants (-30% in 2019 compared us a clear example of a sustainable the main external causes of business to 2018).32 transformation. In 2008, the year disruption. Among the case studies of the global economic crisis, BMW referenced by CASS are acquisitions Changes in top management can suffered an unexpected drop in sales carried out by Exxon Mobil and Pfizer, also mark significant moments and turnover.37 The Group decided all of which registered a marked of disruption, as in the case of to withdraw from Formula One increase in the main metrics, both Danone. A new CEO in 2014 marked motorsport 38 and divert resources to in financial and sustainability terms, a year of change and challenge research into alternative propulsion in the three years following the for the company, given declining systems. At the same time, the completion of the transaction.30 sales in Europe. Emmanuel Faber Group jointly set up the Sustainability immediately made sustainability Board.39 BMW has set ambitious Our own study of 41 cases from 19 a core value of the corporate targets for electric vehicle sales, industries in 17 countries reveals strategy.33 As a consequence, Danone rising from a quarter of the vehicles that a change in the regulatory began integrating ESG factors into it sells in Europe in 2021 to a third framework is another of the most the business by implementing an in 2025 and half in 2030.40 Since frequent and impactful business M&A strategy aimed at acquiring 2009, the Group’s profitability has discontinuity moments. This is sustainable companies already registered a positive trend, enabling epitomized by electricity and committed to meeting strict it to maintain its investment level in gas company Enel. Following the environmental and social standards, sustainability above 100 million euros Paris Agreement, Enel decided such as Happy Familiy, a B-Corp for the past five years.41 to accelerate its decarbonization certification holder, and launching program by implementing a strategy the Protein efficiency program.34, 35 As What do these examples have in aimed at divesting 23 thermoelectric a result, Danone’s operating margin common? Our analysis suggests the power plants and acquiring Enel has followed an upward trend and in following key takeaways: Companies must integrate sustainability in their business model and in all aspects of their operating model to take advantage from the opportunity of Why creating shared value in and for the society in which they operate, pursuing their business goals. When embarking on a path of transformation towards sustainability, companies Key must consider three key dimensions (inside company, outside company, human) takeaways and define a detailed action program that has a multi-year implementation How horizon and a dedicated investment budget allocation. Companies must carry out a sustainable business transformation during periods of significant business discontinuity to leverage the lower perception of complexity and cost typically associated with When this contingency. —11
TURNING DISRUPTION INTO OPPORTUNITY We have seen that periods of pandemic, defined by the OECD placing sustainable growth at the disruption causing business as the cause of “the most serious center of its planning.43 discontinuity represent the ideal economic crisis since World War II”,42 moment for redefining strategy and represents an opportunity to rethink At Capgemini Invent, we have business models with a sustainable existing business models, given the identified the six main fields of perspective. strong disruption that all companies play needed to turn disruption into in every sector are facing. In addition, opportunity – see following page. Sustainable transformation safeguards sustainable transformation programs Through these six fields, we help the enterprise from the risks to which will benefit from the support of our clients to execute the transition, it is exposed, while allowing it to make multiple initiatives, including those enhance sustainable transformation, necessary – and inevitable – changes. from the European Union, which has and concretely realize the ambitions of set up an unprecedented stimulus their sustainable business vision. The current historical moment program, reaching a record € 1,800 characterized by the COVID-19 billion over the next seven years, while —12
D E F I N E / A S S E R T T H E S T R AT E G Y C R E AT E N E W P R O D U C T A N D & T R A N S F O R M AT I O N P L A N SERVICES • Define a purpose, a vision, an ambition • Adapt & equip the marketing and sales function • Know your starting point (maturity diagnoses) • Analyze / manage / adapt the portfolio of products and services • Define a roadmap (e.g. carbon zero) at operational and portfolio level • Thinking about new business models • Build the transformation plan • Develop new products and services • Address the CSR function & establish good • Rebuild the Customer Experience organization and good governance • Identify ecosystems and potential partnerships ENG AGE ADOPT GREEN IT S TA K E H O L D E R S PR AC TICE S • Engage customers towards • Determine a vision and a social economy, rethink the objectives for the IT brand experience department • Identify and manage the • Diagnose (infrastructure, impacts on the businesses. applications and equipment, Engage employees (from project mode, etc.) awareness to training) • Build the action plan • Manage the relationship • Rethink the project mode to of external stakeholders integrate the CSR dimension (regulators, investors, NGOs ...) from the start to support the transformation and visibility in the ecosystem ESTABLISH RESPONSIBLE OPERATION & ADDRESS THE CHALLENGE OF PROCESSES MEASUREMENT • Integrate the CSR dimension into the management of • Define the necessary indicators (reporting, operations (diagnosis / actions). Lean sustainable process management, risk monitoring, etc.) optimization ... • Identify the necessary markers (value chain analysis) • Think / rethink the operating model with responsible criteria • Build the data collection process & set up data • Adapt the sourcing strategy governance • Set up a sustainable real estate strategy • Integrate ESG criteria into decision chains (including risks) • Automate dashboard and reporting • Build models of control / projection of the trajectory —13
ON COUR SE FOR likely to deliver transformational It is clear that, despite an extremely C L I M AT E N E U T R A L I T Y results at speed and scale across challenging global economic context, five core economic domains: it is possible to forge ahead with energy, building and construction, a sustainability revolution, redefining Our latest research report “Fit for transportation, food, and land use. objectives, priorities and strategies. net-zero" explores a wide range of This analysis, commissioned by Doing so with an objective of actionable recommendations for Breakthrough Energy, can provide sustainable transformation is no financial support in order to target the a solid basis on which Europe can longer just a moral duty, it is now EU Recovery Fund and set the course regain global technology leadership, imperative to remain competitive in an for climate neutrality by 2050.44 The help solve the climate crisis, and lay the increasingly ever-changing world. report focuses on 55 high-impact grounds for a sustainable and job-rich climate technologies that are most recovery. —14
INVENT FOR SOCIETY – HELPING TO DRIVE THE S U S TA I N A B I L I T Y E V O L U T I O N As a globally renowned technology and digital leader, Capgemini inherits the responsibility, the ambition, and the means to contribute to solving major societal questions that shape our world – and at Capgemini Invent we are contributing to making this ambition a reality. Invent for Society showcases how social impact is part of the fabric of what we do for our clients every day. OUR OBJEC TIVE S ARE EMBODIED IN THREE PILL ARS: CARE ENVIRONMENT TRUST Helping our clients find inventive Guiding our clients to build and deliver Leveraging AI and data to help meet solutions to improve how health and their low-carbon strategies. trust challenges from citizens while social care are provided. reinforcing digital human rights. For more information, please visit: https://www.capgemini.com/service/invent/invent-for-society/ —15
REFERENCES 1 The term “triple bottom line” was created 14 Clark, Feiner, and Viehs, “From the 29 Ghezzi, “Revisiting Business Strategy Under in 1994 by the entrepreneur John Elkington Stockholder to the Stakeholder: How Discontinuity”, September 2013 and refers to a framework which examines Sustainability Can Drive Financial 30 M&A Research Centre – MARC, Cass the impact of a company from the Outperformance”, March 2015 Business School, “Green Business: The economic, social and environmental point 15 Eccles, Ioannou, and Serafeim, “The Environmental Impact of M&A”, August of view. Impact of Corporate Sustainability on 2019 2 Ikea, “IKEA and Ellen MacArthur Organizational Processes”, November 2014 31 ENEL, “Relazione e bilancio di esercizio di Foundation enter strategic partnership to 16 Roth and Harold, “Using cost management Enel S.p.A. al 31 dicembre 2019”, April 2020 accelerate the circular economy transition”, for sustainability efforts”, February 2008 June 2020 32 ENEL, “Sustainability Report 2019”, June 2020 17 Stępień, “Sustainability as a determinant 3 Fast Company, “Ikea has invested in enough 33 Danone website, “Our Vision”, accessed of cost management in the accounts of clean energy to power all of its operations March 2021 a manufacturing Industry”, May 2019 (plus extra)”, September 2019 34 Danone website, “La nostra storia”, 18 Lohin, “How to Finance Your Sustainability 4 L’Oréal website, “L’Oréal for the Future, accessed March 2021 Strategy”, Network for Business our sustainability commitments for 2030”, Sustainability, February 2019 35 Danone, “Efficiency: the power of Protein”, accessed March 2021 October 2020 19 Haanes et al., “Making Sustainability 5 Transform to net zero website, “Our Profitable”, March – April 2013 36 Danone, “2020 Full Year Results”, Feb 2021 Mission”, accessed March 2021 20 Lubin, Esty, “The Sustainability Imperative”, 37 BMW Group, “BMW group: moderate 4.3% 6 Capgemini, “Capgemini announces its May – June 2010 decrease in worldwide sales for 2008”, ambition to become a net zero business by September 2009 2030”, July 2020 21 Edison, “Edison perfeziona l’acquisizione di EDF Energies Nouvelles Italia e diventa il 38 BMW Group, “Annual Report 2009”, March 7 The Keyword | Google, “Our third decade secondo operatore eolico in Italia ponendo 2010 of climate action: Realizing a carbon-free le basi per uno sviluppo significativo nel future”, September 2020 39 BMW Group, “Il BMW Group pubblica fotovoltaico”, July 2019 il nuovo “Sustainable Value Report”, 8 Commissione Europea website, “Green Deal 22 Netflix, “Completing the Netflix Cloud September 2009 europeo”, accessed March 2021 Migration”, February 2016 40 Autovista Group, “How BMW aims to 9 Commissione Europea website, “Piano per 23 Capgemini, “How sustainability is achieve its electric-vehicle sales targets”, la ripresa dell’Europa”, accessed March fundamentally changing consumer April 2020 2021 preferences”, July 2020 41 BMW, “Sustainable Value Report”, March 10 Financial Times, “BlackRock shakes up 24 Unilever, “Unilever's purpose-led brands 2020 business to focus on sustainable investing”, outperform”, June 2019 January 2020 42 OECD, “The territorial impact of COVID- 25 Capgemini Research Institute, “Climate AI: 19: Managing the crisis across levels of 11 Fast Company, “Most millennials would How artificial intelligence can power your government”, November 2020 take a pay cut to work at a environmentally climate action strategy”, November 2020 responsible company”, February 2020 43 Commissione Europea website, “Piano per 26 Lipton website, “The good that a cup of la ripresa dell'Europa”, accessed March 12 Capgemini, “How sustainability is Lipton® tea can do…”, accessed March 2021 2021 fundamentally changing consumer preferences”, July 2020 27 Unilever website, “Sustainable tea – leading 44 Capgemini, “Fit for Net-Zero”, October 2020 the industry”, accessed March 2021 13 Porter and Kramer, “Creating Shared Value - How to reinvent capitalism and unleash 28 Unilever website, “Sustainable agriculture a wave of innovation and growth”, January- code 2017”, accessed March 2021 February 2011 —16
THE AUTHORS Gianfabio Forti Principal Consultant, Innovation & Strategy, Capgemini Invent Italy gianfabio.forti@capgemini.com Gabriele Cuicchi Consultant, Innovation & Strategy, Capgemini Invent Italy gabriele.cuicchi@capgemini.com Carlotta Borelli Consultant, Innovation & Strategy, Capgemini Invent Italy carlotta.borelli@capgemini.com The authors would like to especially thank Alessandro Falconi for his guidance and expertise on sustainability, Francesca Forlini, Silvia Fratini, Alice Ghelli and Potito Guida for their valuable contribution to the paper, and Francesca Zoppi, Alessandro Armillotta and Marco Armellino for sharing their insights on the topic. —17
About Capgemini Invent For more details contact: As the digital innovation, consulting and transformation brand of the Capgemini Group, Capgemini Invent helps CxOs envision and build what’s next for their organizations. Located in more than 30 offices and Roshan Gyan 25 creative studios around the world, its 7,000+ strong team combines Managing Director Southern & strategy, technology, data science and creative design with deep industry Central Europe, Global Head of expertise and insights, to develop new digital solutions and business Intelligent Industry, Capgemini Invent models of the future. roshan.gya@capgemini.com Capgemini Invent is an integral part of Capgemini, a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its Volker Darius purpose of unleashing human energy through technology for an inclusive Executive Vice President, Global and sustainable future. It is a responsible and diverse organization of Head of Portfolio, Capgemini Invent 270,000 team members in nearly 50 countries. With its strong 50 year volker.darius@capgemini.com heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2020 global revenues of €16 billion. Florent Andrillon Vice President, Global leader of Get The Future You Want Energy Transition, Capgemini Invent florent.andrillon@capgemini.com Visit us at www.capgemini.com/invent Jean-Baptiste Perrin Vice President, Global leader of Invent for Society, Capgemini Invent jean-baptiste.perrin@capgemini.com MACS 2021-01-3180 The information contained herein is provided for general informational purposes only and does not create a professional or advisory relationship. It is provided without warranty or assurance of any kind. © Copyright 2021 Capgemini, Inc.
You can also read