3 things CIOs must do now to accurately hit net-zero targets

Enable the carbon intelligent organization

An organization’s transition to net-zero requires a well-rounded strategy that encompasses carbon reduction, carbon removals, incentives and governance, green financing, policy, industry engagement, and collaboration with the value chain. One way CIOs can help accelerate this transition is by adopting architectures, digital solutions, and technologies that help deliver and integrate carbon data and insights into core decision-making processes across the organization and beyond. Making carbon-informed decisions helps companies and their key stakeholders (supply chain partners, customers, and employees, for instance) not only reduce their carbon footprint but also identify and seize new sources of value. These types of solutions help businesses advance their carbon footprint capability to a level of quality, granularity and frequency that supports their integration with operational and financial data systems. Those organizations that equip themselves with integrated carbon and business intelligence will be better placed to profitably compete and grow in the transition to net-zero.  

Technologies such as myNav Green Cloud Advisor, for example, have helped establish a baseline of existing data-center energy consumption, computing requirements, and sustainability goals to quantify the “greenness” of potential cloud solution options. This tool has reduced emissions and waste by identifying greener IT practices and integrating these changes into day-to-day operations.

Collaborate and create sustainability at scale

CIOs are aligning sustainability and technology strategies to gain a competitive advantage, increase financial value, and create a lasting, positive impact on the environment and society. Whether helping customers map and visualize sustainability issues across value chains, convening with people to build solutions, or creating integrated platforms designed to serve a common purpose, CIOs can drive new sustainable sources of value-making technology and use it to solve carbon-emission challenges at scale.

This opportunity to collaborate with sustainability in mind extends to the influence CIOs hold over where and how employees work. By integrating remote working capabilities, the CIO plays a hand in an organization’s shift to an increasingly remote or hybrid workforce model—a move that can significantly reduce a company’s carbon footprint. This effort has the potential to not only create sustainability at scale, but increase employee satisfaction, which will power a more sustainable organization.

Yet another example of collaboration to scale sustainable solutions can be seen with Climeworks, who partnered with Accenture to develop a direct air capture technology that removes CO₂ directly from the air. The CO₂  can either be captured and transformed into a raw material or be permanently removed from the air by safely storing it. This technology has attracted top clients for Climeworks, who are exploring its potential uses to deliver carbon removals at scale, with potential global impact. 

CEOs believe new technology will allow them to reach sustainability goals and build resilience, with 55% of CEOs enhancing sustainability data collection capabilities, and 48% transitioning to a cloud infrastructure. The CIO’s role in delivering this technology will be essential.