Citi Perspectives Spring 2020

Citi Perspectives  | 25 Moreover, however complex the details of the business transformation required, the guiding questions that will likely determine future business success are straightforward: • Is it circular: Where does it end up? • Is it viable: What does it cost, save and return? • Is it long-term: How does is solve the problem and not postpone it to future generations? Emerging technologies can do much to help companies achieve their ESG objectives. For example, machine learning can help optimize logistic operations in order to reduce emissions of greenhouse gases (GHGs), enable smarter use of GHG-heavy production processes and more accurately predict demand to cut down on waste. Most importantly, corporates should recognize that they do not have to embark on this transformation alone. The drive toward greater sustainability has prompted unprecedented collaboration between companies — including between business rivals. Citi can also help its clients to prepare for a more sustainable future and connect with others seeking the same goals. This article is based on An Insight into ESG Regulation Driving Corporate Activity , a report by Richa Pathak. FIGURE 2