Industry news

More than nine in ten respondents say that ESG subjects are on their organization’s agenda. While environmental topics are recently the ones making headlines, just one-third of respondents rank environmental issues as their organization’s greatest ESG priority.

Survey respondents report that their organizations are not just paying lip service to ESG: many say their organizations are making meaningful ESG changes that have demonstrable benefits. More than two-thirds of respondents say their organizations have achieved broad impact from their ESG efforts in the past three years.

Read the full article on McKinsey & Company here.

Brazilian IT multinational Stefanini projects investments of 1bn reais (US$200mn) over the next three years, concentrated on AI development and acquisitions.

Generative "AI is revolutionizing the market,” CEO and founder Marco Stefanini told reporters on Friday.

Stefanini, which competes in services with the likes of Accenture and TCS, is partnering with big techs such as Microsoft on genAI products. Amazon, IBM, Google, Salesforce, SAP, ServiceNow, Siemens and Honeywell are some of its other traditional tech partners.

Organisations are turning to supplier diversity programmes to enhance their brand image, a new study shows.

The study – the State of Supplier Diversity 2023 – is from Supplier.io, an SaaS-based data analytics provider that helps companies optimise and scale supplier diversity programs.

It claims that the business value of supplier diversity remains “strong and broad”, with companies investing in supplier diversity to enhance their brand image (53% of respondents), win new business (46%) and to align with corporate culture and workforce inclusiveness (81%).

Read the full article on SupplyChain here.

Leading supply chain ESG assurance specialist LRQA has launched a sustainability initiative based on the UN’s Sustainable Development Goals that is designed to help other businesses follow suit.

LRQA consults on, and certifies, the ESG performances of global industries and their supply chains in a broad range of sectors.

Its new initiative – Our Planet, Our Plan – outlines the company’s internal ESG commitments over the next seven years, using verifiable third-party data to substantiate its sustainability claims. Data is made transparent and accountable by an online dashboard that publicly tracks its performance.

Teleperformance, a global leader in digital business services, today announced it has launched a new AI-driven digital solution for clients that enables faster, more efficient, and improved business processes.

TP Configuration is an integrated, unified and scalable platform for managing the end-to-end agent lifecycle and improving operational performance. 

Teleperformance clients using TP Configuration in their programs have seen significant efficiency, accuracy and customer experience benefits across a variety of industries.

Read the full article on PR Newswire here.

EXL , a leading global data analytics and digital operations and solutions company, announced that it has published its fourth annual Sustainability Report, which highlights its progress across key environmental, social and governance (ESG) performance metrics.

"Sustainability holds a central place in our company's mission and purpose and we integrate sustainability into our strategic vision, organizational culture, brand identity, and the solutions and services we provide to our customers," Rohit Kapoor EXL's vice chairman and chief executive officer.

Research carried out by Globality & Art of Procurement has found that nearly two-thirds of procurement leaders want their companies to adopt & invest in AI

Procurement professionals have urged their companies to act now and adopt AI for their businesses, having asked for financial assistance to make this a reality.

The ultimate goal of AI in procurement is to automate various aspects of the procurement process and therefore enable organisations to make better and more informed decisions, optimise resource allocation and drive operational excellence.

90% believe AI adoption will make procurement more strategic

Read the full article on Procurement Mag here.

Tech giants among others will have to disclose carbon emissions under new California law

A first of its kind Californian law will soon require companies with annual revenues above $1bn to disclose carbon emissions - both direct and indirect.

The law was signed last weekend by Governor Gavin Newsom and is catchily known as Senate Bill 253 (SB253.) It doesn't sound at first like a wildly exciting development, but SB253 is a radical piece of legislation and if enacted as intended it is likely to have a significant and positive impact on global emissions.

Accenture has acquired The Storytellers, a London-based creative management consultancy. 

Founded in 2003, The Storytellers focuses on helping business develop and deliver compelling narratives to support both the execution of internal transformation initiatives and the deployment of new business strategies. The firm employs more than 30 professionals with expertise covering facilitation, skills-building, creative communications, and immersive digital and live event production.

Prime Minister Mostafa Madbouly visited the Smart Village, where he met with five of the largest international companies in the field of information technology and outsourcing services. He was accompanied by Amr Talaat, the Minister of Communications and Information Technology.

The Prime Minister emphasized that this visit reflects the government’s support and encouragement for foreign direct investment in Egypt, as well as its efforts to boost the export sectors and develop the outsourcing and cross-border information technology industries.

Read the full article on Daily News Egypt here.