During the event The eco-digital era: The dual transition to a sustainable and digital economy I learned about a survey of 1,500 executives led by Professor Suraj Srinivasan showing that 77% of the executives believe we are experiencing a dual transition towards an eco-digital era that is more digital and more sustainable.
An example from page 52 of the report: “As part of its transition to a circular economy by 2030, IKEA has been testing a circular furniture subscription model since 2019. The company introduced a limited roll-out of a B2B edition called IKEA Rental in six markets during 2021: Finland, Sweden, Denmark, Norway, Spain, and Poland.
An example from page 69 of the report: Bijoy Sagar from Bayer comments: “To transform an organization into a digital business is the work of more than one function. This requires a lot of training, new ways of working: Agile as a methodology is now consistently implemented across all the digital functions. But it’s also a very challenging process because, going forward, every function is going to become a digital function.”
An example from page 47 of the report: “Airbus uses AI algorithms in its generative design process to develop lighter-weight parts for its aircraft, resulting in lower fuel consumption and lessened environmental impact. The initial design was 45% lighter than the traditional part and is projected to reduce Airbus’s annual CO2 emissions by nearly 500,000 metric tonnes if rolled out across its A320 fleet.”
An example from page 56 of the report: “Rolls-Royce is using digital twin technology and ML to extend maintenance time for some airplane engines by up to 50%, improving efficiency. This has saved around 22 million tonnes of carbon to date.”