What: Coresight reviews how tech can help retailers become more sustainable.

Why it is important:  Digital transformation is central for every retailer now, as not only it allows them to address the present (remain relevant and competitive) but also the future, by being able to tackle complex problems such as sustainability.

In 2023, brands and retailers are preparing for a business environment where regulators and consumers increasingly demand transparency and compliance regarding environmental impact and sustainability.

Key drivers of this trend include growing investor demand for corporations with clear sustainability goals, new laws to regulate corporate environmental impacts, rising consumer expectations for transparency and sustainability, and competition among brands to enhance their image and meet demand.

However, challenges such as complex supply chains and a lack of global sustainability standards persist. To address their environmental impact, brands and retailers can leverage innovative technologies to track environmental data, optimize energy use, reduce waste, and promote supply chain transparency.

Coresight has made a selection of interesting companies for the five trends:

-    Environmental impact management platforms: In Bold Print, Smarter X

-    Cloud computing suppliers (Google cloud, Microsoft) help companies reaching efficiency,

-    Smart buildings are also a trend now, as shown by Walgreens and Whole Foods Market,

-    Electrical deliveries: Nuro, Canoo,

-    Blockchain is also seen as part of the future for sustainability

Five green techs driving sustainability in retail