Chief Technology Officers are critical for companies’ Net-Zero targets

Eighty-four percent of CEOs and chief sustainability officers agree the CTO has the potential to become the greatest driver of sustainability in an organization.

  • Wednesday, 28th June 2023 Posted 1 year ago in by Phil Alsop

​The Sustainable CTO, a new global research report from Intel, finds that chief technology officers (CTOs) play a critical role in aligning business strategies with technology demands to meet sustainability targets.

“Enterprise leaders are approaching the interconnected challenges of sustainability and radical digital transformation. Technology has a critical role to play in sustainable transformation,” said Greg Lavender, senior vice president, chief technology officer and general manager of the Software and Advanced Technology Group at Intel. “If the C-suite, including CTOs and CIOs, rally in support of a tech-positive approach, technological transformation can propel us toward a future that is greener, fairer and smarter.”

 

Information technology (IT) leaders have both the appetite to take on the challenge and the support from the rest of the C-suite: 79% of senior IT leaders aspire to become sustainability leaders and 82% of CEOs and chief sustainability officers (CSOs) believe the CTO role is pivotal to successful sustainability transitions. This new model of CTO is tasked with achieving “tech zero,” defined as reducing the carbon footprint of an organization’s IT function. Further, they must also use technology as a lever for their whole organizations to reach their net-zero goals, also known as “tech positive.” Ultimately, these efforts can drive business growth and accelerate innovation, affecting the sustainable transformation of their entire organizations

 

Stepping into the Role of a Sustainable CTO

 

To support the initiative, Intel has established an advisory board consisting of tech and sustainability leaders across various sectors. The board will collaborate to identify best practices to help organizations determine the best path toward becoming tech positive, given real-world business demands.

 

“The new role of the sustainable CTO will play a crucial part in an organization’s transition to net zero, but CTOs can’t navigate the challenges they will face alone,” said Motti Finkelstein, Intel corporate vice president and digital transformation officer. “We aim to help CTOs on their sustainability journey and outline the roadmap for organizations to achieve their sustainability goals.”

The research found that 70% of senior IT leaders believe their organizations require a significant change or complete transformation to become net-zero businesses. And while CTOs need to drive this transformation, a tech trilemma is preventing them from taking on this role: a lack of knowledge, investment and innovation.

 

Intel’s global research also found that:

 

82% of senior IT leaders say that technology strategy and sustainability strategy must become increasingly aligned if their organizations are to reach net zero and become more sustainable businesses.

80% of senior IT leaders believe organizations are heavily reliant on technology and their CTOs to make their businesses more sustainable.

70% of senior IT leaders believe their organizations will not be able to reach net zero without the support and action of their IT functions.

 

Roadmap for Sustainable CTOs

 

Respondents agree that the top four success factors for the CTO’s Sustainability Roadmap to achieve tech zero are:

 

Build skills to understand where to optimize.

Get buy-in from the wider business.

Understand the data and optimize existing infrastructure.

Plan for solution and software innovation.

 

CEOs see sustainability as their organizations’ top growth driver between now and 2030, with digitization a close second. With 82% of CEOs and CSOs believing that the CTO role has more influence on the organization's sustainability strategy than before, now is the time for CTOs to assume the mantle of the Sustainable CTO and step up to the challenge.