What: It is predicted that the next wave of billion-dollar unicorns will come from climate tech.

Why it is important: Bain has noted some innovations poised to have an important impact on the sustainability of seven industries: advanced manufacturing services (AMS), automotive, retail, banking, energy, healthcare, and consumer products.

These areas of innovation include:

• 3D printing- lowers the cost of construction activities making building more affordable while reducing the materials needed,
• AI- increases the accuracy of monitors and reduced scope 3 emissions,
• Banking is becoming more sustainable by including greener, impact-driven products and services.
• Investing in green energy
• Waste reduction, especially in plastics
• New approaches to agriculture and eating such as vertical farming and lab-grown meat
• The automotive industry to reduce impact and emissions

Overall, it can be noted that innovation and sustainability go hand-in-hand and are both important to a balanced value chain.

Innovations for the C-Suite to accelerate sustainability