UK’s leading tech analyst calls for businesses to appoint Chief Sustainability Technology Officers

TechMarketView advises businesses to consider CSTOs to ensure the seamless integration of sustainability into all aspects of business and tech.

  • Monday, 9th September 2024 Posted 10 months ago in by Phil Alsop

TechMarketView, a leading tech analyst and advisory firm, has revealed a sneak peek at the data from its Sustainability Technology Activity Index for 2024, which analyses market-shaping trends across the sustainability landscape.

Based on analysis of 1,450 global software and IT service providers and tech user organisations across the ecosystem in Q1 2024, TechMarketView has identified that the market for sustainability technology will see a new wave of innovation at the intersection of business operations, technology, and environmental stewardship in the coming year. Because of this, entire workforces should not only be aware of the importance of sustainability, but also adequately trained to implement and leverage new sustainability technologies.

Analysis of the Index data for Q1 shows a fifth (20.5%) of all sustainability activities tracked globally involve ESG reporting – which is being spurred on by advancing regulatory requirements. However, when adding up the use cases which are ‘core’ business activities (i.e. Strategy & Planning, Industrial Process Innovation, and Supply Chain Optimisation), these represent nearly half (46%) of the activities logged. Sustainability activities are therefore already being integrated into core business operations, but the Index identifies that there’s still more work to be done.

The rise of the Chief Sustainability Technology Officer

TechMarketView’s report predicts – and recommends – the emergence of new roles and responsibilities such as ‘Chief Sustainability Technology Officers’. These individuals should be tasked with ensuring the integration of sustainability considerations is seamless and takes into account all aspects of the business and the technologies it uses.

Craig Wentworth, Principal Analyst at TechMarketView, commented: “Although companies have been appointing Chief Sustainability Officers (CSOs) for a while now, as sustainability concerns become more widely incorporated into business strategy and operations, we call on businesses to appoint ‘Chief Sustainability Technology Officers’ to ensure the coherent integration of sustainability considerations into all aspects of business and tech. At the very least, CSOs and CTOs should work closely to discharge those responsibilities together.”

Vanta has released its Trust Maturity Report, offering a data-driven look at how organizations are evolving their security programs in an...

OT cybersecurity risk rises up the leadership ranks

Posted 23 hours ago by Phil Alsop
More than half (52%) of organizations report that the CISO/CSO is responsible for OT, up from 16% in 2022, while 95% of organizations report that the...

Industry gap in operationalising threat intelligence

Posted 23 hours ago by Phil Alsop
Cyware has released new research revealing that a majority see the importance of having a Threat Intelligence Program and have started a Program.
DigiCert has released new findings from its Trust Pulse Survey highlighting the business impact of mismanaged digital certificates. Nearly half of...
Contents Table: Make Payments Painless Spot the Symptoms of ‘Growth Gone Wrong’ Early Don’t Just Grow: Optimise Build a Stack That...
Trend Micro has published research revealing that while organisations are embracing artificial intelligence to strengthen cyber defences, many are...
Over 40% of agentic AI projects will be cancelled by the end of 2027, due to escalating costs, unclear business value or inadequate risk controls,...
The majority (83%) of IT and business professionals in Europe believe employees in their organisation are using AI.