Fact Sheet
Sustainability in IFS Cloud Factsheet
20 Dec 2024
What is sustainability? Understanding its impact
What is sustainability? It's all about meeting our current business and social needs without compromising the ability of future generations to meet theirs. At its core, sustainability is a balanced approach to handling our environmental, social, and economic responsibilities. As challenges like climate change and resource scarcity become more pressing, understanding sustainability is crucial. By adopting sustainable practices, we can contribute to a healthier planet, ensure social equity, and drive economic growth.
Everything you need to know about sustainability
Understanding Sustainability
Sustainability embodies a holistic approach to maintaining balance across environmental, social, and economic systems. It’s about making smart choices today that won’t hinder tomorrow. Historically, the concept gained traction with the 1987 Brundtland Report, which emphasized 'sustainable development.' Over time, sustainability goals have evolved, reflecting a growing awareness of ecological and social issues. By understanding sustainability, we can manage resources responsibly and promote fair practices, ultimately building a better society.
The principles of sustainability include interdependence, equity, and resilience. Interdependence highlights the connection between our environment and society. Equity ensures fair resource distribution, and resilience focuses on adapting to changes and recovering from setbacks.
The Three Pillars of Sustainability
The foundation of sustainability rests on three main pillars: environmental sustainability, social sustainability, and economic sustainability. Each pillar plays a critical role in fostering a thriving world.
- Environmental sustainability is about conserving natural resources for future generations. This includes reducing emissions, conserving water, and limiting waste.
- Social sustainability focuses on equity, access, and community well-being.
Economic sustainability ensures financial systems and business models can thrive without harming people or the planet.
Technology, such as cloud-based sustainability solutions, is increasingly being used to track and improve performance across all three areas.
Why Sustainability Matters
Sustainability is essential for the health of our planet and future generations. Unsustainable practices, like deforestation and overfishing, damage ecosystems and accelerate climate change.
Embracing sustainability offers significant benefits for organizations:
- Lower operational costs
- Improved brand reputation
- Increased regulatory compliance
- Better risk management
Attraction of eco-conscious customers and investors
By integrating sustainability into their core strategy, companies can future-proof their operations and make a lasting impact.
Sustainability in Business
Today, sustainability is a central part of business strategy. From ethical sourcing to supply chain transparency, companies are expected to operate responsibly. Many are turning to digital platforms and tools to better manage their environmental and social impact.
In particular, advancements in Industrial AI are enabling businesses to make smarter, data-driven decisions that support sustainability goals."
Challenges to Achieving Sustainability
Despite its importance, sustainability can be difficult to achieve. Common obstacles include:
- Limited financial resources
- Resistance to change
- Data and measurement gaps
Misalignment between short-term goals and long-term outcomes
Overcoming these challenges often requires leadership commitment, cross-functional collaboration, and smart investment in scalable solutions.
The Future of Sustainability
Looking ahead, sustainability will continue to evolve through innovation, regulation, and consumer expectations. Trends such as circular economy models, clean energy adoption, and AI-powered analytics are shaping a new era of sustainable development.
As global frameworks like the Paris Agreement drive international cooperation, businesses must align their operations and technologies to stay ahead—and stay accountable.
