You may argue that sustainability has been a relevant megatrend for many years, and this is true, of course. You may further argue that sustainability has become a key item on many firms’ strategic agendas for several years, and this is also true. So why should you bother about sustainability trends for 2022? Well, because sustainability is a global human imperative – and because most firms have so far only addressed a small portion of the opportunities that are associated with sustainability in their business activities. The relevance of trends is industry-specific and forecasts are often somewhat subjective. However, the following three topics emerged as major sustainability trends for 2022 in many recent discussions that I had with innovation, sustainability, and digitalization experts.
1. Sustainability innovationOver the past years, many companies have started strategic sustainability initiatives, or they have at least redirected ongoing sustainability programs. While this has been an important step towards a stronger business focus on sustainability, the strategic emphasis is usually on reducing emissions by optimizing processes and enhancing efficiency. This is indeed an important part of the sustainability opportunities in many companies. Nonetheless, this efficiency focus ignores major other opportunities for sustainability innovation. Beyond process improvements, firms may revamp their products, services, business models, and management procedures to fully embrace the business opportunities of sustainability management. Thus, more focus on sustainability innovation is needed in 2022!
2. Digital sustainabilityBesides sustainability, digitalization continues to be the other megatrend on top of many firms’ strategic agendas. Most surprisingly, however, there has been very limited attention to the interplay of digitalization and sustainability in most firms so far. But only so far because this will substantially change in 2022 with many firms increasingly targeting sustainability in the digital realm beyond their present focus on sustainability in the analog context. This topic is called digital sustainability or ‘
digitainability’, and I have recently addressed the variety of positive and negative synergies in my Journal of Innovation Management
article
about ‘Digitainability: The Combined Effects of the Megatrends Digitalization and Sustainability’. You may access the article’s full text for free, and it underscores the need for more attention to digital sustainability in 2022!
3. Positive sustainabilityThere is more to sustainability management than reducing emissions. While a focus on ‘no net loss’ is an essential direction of many firms’ sustainability programs, this strategy of avoiding bad may often not be enough in the future. Instead, companies will increasingly have to consider positive sustainability to realize a ‘net positive impact’ besides concentrating on avoiding harm from their business activities. The integration of avoiding harm and simultaneously doing good is at the core of the positive sustainability concept, which I have termed ‘positainability’ in a recent article. From my perspective, a higher awareness of positive sustainability is a third major sustainability trend for 2022!
Sustainability as the
opportunitySustainability is increasingly considered an opportunity rather than a threat by many companies, including startups as well as established businesses in many industries. In the post-pandemic period, sustainability will not only be one of the megatrends and a major opportunity. Rather, it will dominate many firms’ business activities, and it will be
the
top opportunity. In this regard, it is essential to consider the multiple facets of sustainability beyond optimizing established processes to reduce emissions. Sustainability innovation, digital sustainability, and positive sustainability will play central roles over the next months and years, and they are not only trends to watch, but rather trends to act on in 2022 and beyond.