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The spend for digital transformation programs by the year 2030 is expected to exceed $3 trillion. Shockingly, 70 percent of such initiatives fail to reach their goals, which represents a massive risk with profound implications for those undertaking such a large effort.
The UN, for example, has outlined 17 broad Sustainable Development Goals for 2030. Compensation committees often start by tying bonuses and long-term incentives to goals related to compliance and riskmanagement. Progress is measured with 169 targets.
After all, the power sector is already halfway toward meeting its 2030 target of 30% below 2005 CO2 emissions levels. Government Riskmanagement Sustainability' But the beauty of the EPA framework is that, while the limits on pollution are firm, the paths to reaching the targets are flexible.
HR will step forward as the champion of riskmanagement and ethics, serving as the conscience of the organization. The post HR Competencies for 2030: A Future Standard appeared first on AIHR. Moreover, HR will also embrace a sustainability focus, extending its reach to benefit communities and society.
But most companies and most people see ESG or environmental and social issues as either a cost problem or a compliance headache or a riskmanagement framework. So ESG is seen as a riskmanagement framework or a plus problem or a compliance. For the next ten years. trillion of new business opportunities.
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