Inaugural Digital Sustainability Index (DSI) tracks the adoption and use of digital technology by businesses, as well as the social and environmental goals of these organizations. It aims to assess and identify factors that are critical to finding sustainable digital solutions based on social, environmental and financial outcomes.
Developed Tata Consulting Services (TCS) in partnership with Digital Enterprise Center (CODE) at the University of Auckland Business School, DSI hopes to reflect, measure and understand how sustainability goes beyond meeting requirements or risk-based exercises, identifying the need to combine sustainability with digital and business strategy to create a business fit for the future. It also reveals different approaches and relationships in different sectors, industries and geographies.
Key findings include:
- 87% of all respondents agreed that digital sustainability can provide a competitive advantage and become a central value of their organization.
- 98% of respondents believe that the use of digital resources, systems and platforms to achieve sustainability results will remain the same or increase in the next 36 months.
- 87% of respondents are looking for new strategic partners for digital sustainability, demonstrating the need to work with innovators or partner partners to achieve win-win results.
- 84% of respondents said they measure sustainability outcomes against their goals.
- In terms of indices, Australia has been identified as a key strategic player (60%), but it lags behind in terms of leadership compared to our counterparts with the APAC.
- As a developed country and early adopted sustainable methods, it is surprising that Australia ranks second in social purposes.
Based on the developed structure, TCS surveyed business leaders in the Asia-Pacific region to make sure they are ready for digital sustainability. Responses to the survey were used to create the DSI to assess how advanced the company is in deploying digital resources to achieve its sustainability goals. The survey was conducted in 10 markets, including Australia, New Zealand, Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam, South Korea and Japan. The participating companies cover 12 industries and annual revenues of $ 25 billion to $ 10 billion.