Connect with us

Technology

Influence of efficiency gains and compliance increases on sustainability adoption: SIDBI – D&B SPeX

Published

on

MUMBAI, India, April 3, 2025 /PRNewswire/ — Dun & Bradstreet, a leading global provider of business decisioning data and analytics, along with SIDBI, has released the Sustainability Perception Index (SPeX), referred to as the ‘Green Pulse Indicator’ for the October-December 2024 period. SPeX evaluates MSME’s perception of sustainability across three dimensions: willingness, awareness, and implementation. The SPeX value declined 5.3% in Q4 2024 over Q3 2024. Though awareness and willingness dimensions fell 11% and 12%, respectively from the previous quarter, the implementation dimension rose significantly by 41%.

The overall SPeX value reflects changes across these three dimensions, providing insights into MSME’s understanding, willingness to adopt, and implementation of sustainability measures. An increase in SPeX value indicates improvement in MSME’s perception towards sustainability adoption. A decrease could indicate challenges or a decline in perception.

Dr. Arun Singh, Global Chief Economist, Dun & Bradstreet, said, “Globally, sustainability regulations are evolving rapidly, and MSMEs are recognizing value in sustainability adoption in gaining market share. Global businesses are enabling sustainability adoption through supply chain mandates aligned with international sustainability goals. A higher share of MSMEs reporting limited sustainability familiarity in Q4 versus Q3 highlights their intent to catch up with shifting regulations. 45% of MSMEs seek alternative financial or policy support for increasing adoption, highlighting the need for policy support to drive sustainability adoption. Notably, the perception that sustainability adoption caters only to select global clients has declined, reflecting the broader reach of sustainability mandates worldwide. Although the medium-to-long-term return on sustainability investments remains a barrier, the concerns about uncertain returns are declining with a growing recognition of the long-term benefits.”

Dr. R.K. Singh, CGM, SIDBI, stated, “The Sustainability Perception Index (SPeX), referred as the ‘Green Pulse Indicator’ for the October-December 2024 period, indicates an increase in the MSME implementation dimension with a rise of 41% as compared to previous quarter. The implementation cost and capital availability are consistently emerging as a key challenge for MSMEs in adopting sustainable practices. Factors such as environmental labelling and certification, operating procedures, and management buy-in are the least obstacles, reflecting MSMEs keenness to adopt sustainability and seek financial and technical support. Aligned to PANCHAMRIT, to scale up green finance in the MSME ecosystem, SIDBI runs PANCHTATVA missions viz. (i) Energy Efficiency, (ii) Renewable Energy, (iii) Circular Economy, (iv) E-Mobility and (v) Adaptation (Nature Based Solutions) helping the nation achieving its Nationally Determined Contributions (NDCs) commitments. SIDBI attends to the Greening mandate through ‘PANCHTOOL’ (5 energising pillars) — (i) Financing, (ii) Development, (iii) Risk Mitigant, (iv) Thought Leadership and (v) International Cooperation (Synergy 4 Energy) and is taking its ‘Greening MSME Ecosystem’ agenda forward.”

Highlights of the SPeX Report:

The SPeX for Q4 2024 declined q-o-q, yet increased y-o-y by 8%, the second highest value in nine quarters since Q4 2022.Implementation dimension in Q4 2024 reached its highest level of 58 in the last nine quarters, reflecting progress of MSMEs in adopting sustainability measures.85% of MSMEs are planning to adopt additional sustainability measures in the next two quarters compared with only 49% in the previous quarter. This upward shift is across business sizes, with medium-sized firms leading the way (95%) in their commitment towards sustainability.Firms with longer operational histories exhibit high sustainability awareness, willingness and implementation, while newer firms show strong awareness and willingness, but lag in actual implementation.The perception that sustainability investments were preferred by select global customers is less pronounced in Q4 compared to Q3, reflecting the expanding scope of global policies and regulations.Medium and small sized businesses are keen on building expertise on sustainable business strategies and environmental practices, while micro businesses have also shown intent to enhance expertise in sustainability implementation and policy formulation.Established businesses with more than 10 years of operations regard increased stakeholder attractiveness as a primary benefit for adopting sustainability initiatives. Younger businesses with five to 10 years of operations indicated lower confidence in cost reduction as a benefit compared to other factors, reflecting concerns about upfront investments and/or challenges in measuring returns on sustainability adoption.In 2024, cost reduction (63%), regulatory compliance (59%) and peer pressure (41%) were the key factors influencing sustainability adoption.In 2024, medium and small businesses prioritized environment and workforce related sustainability measures over compliance and social welfare, with an average of 76% of MSMEs focusing on these areas.In 2023 and 2024, the implementation cost and capital availability consistently emerged as key challenges for MSMEs in adopting sustainable practices. Meanwhile, factors such as environmental labelling and certification, operating procedures, and management buy-in were the least obstacles, reflecting that MSMEs are keen to adopt sustainability and seek financial and technical support.

About Dun & Bradstreet

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com.

Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions in domains of finance, risk, compliance, information technology and marketing. Working towards Government of India’s vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity.

India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Center (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses.

Visit www.dnb.co.in for more information.
Click here for all Dun & Bradstreet India press releases.

About SIDBI

Small Industries Development Bank of India (SIDBI) in its role as the Principal Development Finance Institution for MSME sector has played a significant role in developing the financial services for MSME sector through various interventions including Refinance to Banks, Credit Guarantee programs, Development of the MFI sector, Contribution to Venture capital/AIF funds, MSME ratings, promoting digital lending ecosystem, etc. The Bank has proactively been working toward Energy Efficiency (EE) in MSMEs since 2005-06 as part of Direct Finance business using support of multilaterals like World Bank, ADB, GiZ, FCDO, JICA, AFD, KfW etc. for energy efficient projects. SIDBI has taken steps to promote Energy Efficiency and Cleaner production in the MSME sector and propose to accelerate its efforts for MSME sector for their survival, growth, and competitiveness in long run during prevailing climate related challenges.

Looking to importance of ESG aspects and the need for a simplified, Customised ESG risk rating framework, SIDBI has already started integration of ESG framework into its operations. Subsequent to setting up of Green Climate Finance Vertical for prioritised focus, a Board level Committee has been constituted for guidance, oversight, and monitoring on ESG, Green Strategy of the bank, including relevant SDGs etc. To lead with the example, SIDBI has set a target to become Carbon Neutral by 2024 and Net Neutral organization in subsequent years.

Through Green Financing products and other developmental activities, SIDBI enables the manufacturers and service providers in MSME sector to adopt green energy efficient technologies helping in lesser waste leading to positive impact on environment and sustainability.

Visit www.sidbi.in for more information.

Photo: https://mma.prnewswire.com/media/2657303/SPeX_SIDBI_Dun_Bradstreet.jpg
Logo: https://mma.prnewswire.com/media/2314099/5250790/DB_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/influence-of-efficiency-gains-and-compliance-increases-on-sustainability-adoption-sidbi–db-spex-302419479.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Air Cargo Faces Talent Crisis as 59% of Workers Consider Leaving

Published

on

By

42% of air cargo workers cite outdated technology as causing frustration

DUBAI, UAE, April 7, 2025 /PRNewswire/ — Amidst ongoing geopolitical turbulence the air cargo industry is entering a period of significant instability. New research conducted by Edge Insight on behalf of IBS Software reveals a looming talent crisis, with 59% of air cargo workers having considered leaving the industry altogether. Air cargo workers cite an unpredictable working environment heightened by outdated technology (42%) and shifting global policies and unpredictable crises (35%) as the key causes of their frustration.

Digitally skilled staff to boost satisfaction

Digitalisation and updating legacy technology will be crucial for air cargo operators that wish to keep employees happy and attract new talent. In fact, 63% of air cargo workers say that greater access and use of data would improve operational efficiency, in turn improving job satisfaction.

That said, employers need to ensure their employees are trained to use the latest technology, as 39% of respondents currently cite a lack of skilled staff as a key operational challenge their company is facing. Without access to technological training, air cargo employers risk disgruntling staff further.

However, it’s not all doom and gloom for the air cargo sector. Nearly half (49%) say that it was a passion for aviation and transportation that attracted them to the air cargo sector in the first place, and 68% agree that their current role still excites them.

“Business leaders in the air cargo industry need to be aware of the huge frustrations outdated technology causes for dissatisfied employees and the impact on the wider organisation. The industry cannot afford to ignore the fact that motivated, skilled staff are critical to the success of the sector – especially when you consider the next generation of workers who are far more attuned to newer and more connected ways of working,” commented Radhesh Menon, Head of Product, Cargo & Logistics, IBS Software. “Our research shows that 39% of air cargo workers themselves identify talent shortages as a core issue for their company. Without a motivated, satisfied workforce, air cargo’s operational ability is threatened. The value air cargo has globally in terms of wider trade depends on the skilled and passionate staff who care about aviation.”

A need for talent investment

The air cargo sector represents less than 1% of global cargo volume but is responsible for a staggering 33% of global trade by value. Despite their critical role in global trade, air cargo workers are not just frustrated, they are struggling – 26% say they have considered leaving to industry due to burnout or work-related stress.

Adding fuel to the potential talent shortage, 22% of air cargo workers feel they have limited career progression opportunities in their roles, and 16% believe their contributions are overlooked by the wider cargo ecosystem. For air cargo operators, these research findings highlight the importance of workforce investment – training, career development and upskilling – or they could risk losing their best talent.

For more research and commentary, please find the report here.

ABOUT IBS SOFTWARE

IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software’s solutions for the aviation industry cover fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel, and air cargo management. Across the hospitality sector, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call centre, booking engine, loyalty, and distribution. For the tour & cruise industry, IBS provides a comprehensive, customer-centric, digital platform that covers onshore, online and on-board solutions. Across the energy & resources industry, we provide logistics management solutions that cover logistics planning, operations & accommodation management. The Consulting and Digital Transformation (CDx) business focuses on driving digital transformation initiatives of its customers, leveraging its domain knowledge, digital technologies and engineering excellence. IBS Software operates from 17 offices across the world.

Further information can be found at www.ibsplc.com Follow us: Blog | LinkedIn | Facebook | Instagram

About the Research

This research was conducted by Edge Insight and Aviation Business News, gathering insights from 142 air cargo professionals from 5th February – 3rd March 2025. The findings reflect the realities of an industry facing increasing challenges in talent retention and workforce engagement.

Photo: https://mma.prnewswire.com/media/2658089/IBS_Software_Air_Cargo_Survey.jpg
Logo: https://mma.prnewswire.com/media/1169353/IBS_Software_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/air-cargo-faces-talent-crisis-as-59-of-workers-consider-leaving-302420789.html

Continue Reading

Technology

KONVERSATIONAL AMONG THE FIRST THREE IN EMEA REGION TO BE AWARDED SERVICENOW CUSTOMER SERVICE MANAGEMENT SPECIALISATION

Published

on

By

Recognition of global leading expertise in delivery of technology solutions for Telecom, Media, Tech sectors 

Retains coveted Elite Partner status 

Designations cement position as go-to digital transformation partner

DUBLIN, April 7, 2025 /PRNewswire/ — Konversational, a global leading technology consultancy firm is pleased to announce that it has been awarded the highly coveted ServiceNow Customer Service Management (CSM) Specialisation, making it among the first three within the EMEA (Europe, Middle East, Africa) region to achieve this designation.

The industry accolade is in recognition of its award-winning knowledge and industry experience combined with its unique ability to deliver superior customer service solutions across ServiceNow platforms to clients in the Telecom, Media, Tech (TMT) sectors. It also acknowledges the tailored approach adopted by Konversational, taking each client on a case-by-case basis, developing a bespoke response, underpinned by world-leading technology solutions ensuring clients can strengthen customer engagement and build long-term brand loyalty.

This latest award follows from its recent retention of the ServiceNow Elite Partner designation. The status is assigned only to partners who demonstrate deep expertise, a proven track record of successful implementations and a commitment to driving business value for customers. It is reserved specifically for those who consistently showcase excellence across multiple ServiceNow product lines.

Founded over five years ago, Konversational has accelerated through the ServiceNow Partner Programme owing to its deep industry experience and unrivalled technical knowledge and expertise of ServiceNow technology solutions. It has acquired the highest-ranking designations across six practice areas including Customer Service Management and Field Service Management. Further to this, in the last year alone it achieved the highest number of qualifying deployments under the ServiceNow Deployment Success Incentive Program (DSIP).

Headquartered in Dublin, Konversational has also established operations in the UK, France, Germany and Switzerland. It currently employs 80 highly qualified industry professionals, in both Dublin and across offices in London, Paris, Nantes, Zurich, Munich and Lausanne. It has plans to further expand its footprint across mainland Europe in the coming months and ambitions to grow its workforce to over 120 by year-end.

The award-winning technology firm works with a diverse portfolio of enterprise clients in Telecom, Financial Services, IT Services, Infrastructure, and the Public Sector delivering large-scale digital transformation projects underpinned by ServiceNow technologies. In the year ahead, it intends to increase its provision of AI-driven service offerings, including the integration of Agentic AI into enterprise solutions and deepen its investment in both emerging technologies and customer service.

Commenting John Gilleran, Co-CEO

“Achieving the designation of Customer Service Management Specialisation represents a major milestone and marks another exciting point for Konversational. It is testament to our industry experience, technical expertise, innate understanding of client needs and our ability to combine all these elements to deliver digital transformation projects that have a demonstrable positive impact for organisations. To be among the first three across the entire EMEA region and in such a short period of time, is a testament to our pedigree in this space and the value and innovation we deliver to clients.”

Commenting Johann Terrier, Continental Europe VP

“We look forward to deepening our presence across mainland Europe, further expanding our diverse, experienced, and talented team at Konversational in the months ahead, and cementing our position as the partner of choice.”

Commenting, ServiceNow Executive Vice President of worldwide industries, partners, and go-to-market at ServiceNow Erica Volini

“Konversational’s achievement as one of the first EMEA partners to earn the Customer Service Management Specialisation, while retaining Elite Partner status, demonstrates its exceptional capability, deep domain expertise, and consistent delivery of transformative outcomes for our joint customers.”

About Konversational

Konversational is an international technology consultancy and the leading ServiceNow Customer Workflow partner, helping to make the world of work better for our clients. Founded in 2020 by two industry veterans Richard Guy and John Gilleran, it is headquartered in Dublin, with offices in London, Paris, Nantes, Zurich, Munich and Lausanne. It currently employs 80 people.

Photo – https://mma.prnewswire.com/media/2657816/Specialization_Badge_Service_Experience_EMEA.jpg
Logo – https://mma.prnewswire.com/media/2657815/Konversational_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/konversational-among-the-first-three-in-emea-region-to-be-awarded-servicenow-customer-service-management-specialisation-302420238.html

Continue Reading

Technology

Advanced Therapies Europe 2025 unveils a reimagined, high-impact format: capped at 500, curated for connection

Published

on

By

BARCELONA, Spain, April 7, 2025 /PRNewswire/ — Advanced Therapies Europe arrives in Barcelona for the first time, taking place from 2-4 September 2025 at the Hotel Arts, Ritz-Carlton. With a bold new focus, this year’s edition introduces a reimagined format: an exclusive, in-person experience, capped at just 500 attendees. With attendance strictly limited, the emphasis is on delivering high-value interactions and accelerating innovation across the field. Every element has been curated to foster deeper connections, more focused conversations and tailored content for those advancing the future of cell and gene therapies.

Set in one of Europe’s fastest-growing biotech hubs, Advanced Therapies Europe will welcome decision-makers from biotech and pharma, investors, regulators, academics, solution providers and manufacturing leaders for three days of immersive content, strategic networking and purposeful deal-making.

Attendees will explore the industry’s most pressing topics, including investment and market trends, manufacturing and scale-up strategies, clinical development and commercialisation, emerging technologies and the evolving global regulatory landscape. The agenda includes in-depth workshops, interactive track sessions and focused roundtables designed to encourage open dialogue and collaborative problem-solving.

Confirmed speakers include Miguel Forte, CEO of Kiji Therapeutics; Thomas Carlsen, CEO of Novo Nordisk Cellerator; Ase Rosenqvist from Johnson & Johnson’s Nordic Cell Therapy Business Unit; Eleuterio Lombardo, Director of Cell Therapy Characterization at Takeda; and Angela Vollstedt, Director of Global R&D Cell & Gene Therapies Portfolio at Novartis.

Returning for 2025 are two cornerstone summits—the Women in Advanced Therapies Congress and the Investment Summit—both providing focused spaces for mentorship, innovation and strategic alignment. The Innovation Exchange also returns in a refreshed format, spotlighting breakthrough biotech companies and connecting them directly with investors shaping the future of the industry.

“We’ve reimagined this year’s event to be even more dynamic, interactive and connection-driven,” said Ingerid Sorgaard, Content Director at Phacilitate. “It’s not just about delivering content—it’s about facilitating the right conversations in the right settings. From curated roundtables and deep-dive workshops to rooftop networking and interactive formats, every element is designed to spark meaningful connections, fresh insights and real collaboration.”

Applications to attend are now open at https://advancedtherapieseurope.phacilitate.com. With only 500 places available and Super Early Bird pricing in effect until 18 April, early application is strongly encouraged.

Photo – https://mma.prnewswire.com/media/2656626/ATE_Panel.jpg
Logo – https://mma.prnewswire.com/media/2656627/ATE_Logo.jpg

Contact: Abby Cairns, Senior Marketing Manager, Phacilitate, team@phacilitate.com

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/advanced-therapies-europe-2025-unveils-a-reimagined-high-impact-format-capped-at-500-curated-for-connection-302419724.html

Continue Reading

Trending