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Navigating 2030

The key to sustainability efforts that contribute to longterm value creation is understanding the outside world and the stakeholders’ expectations in a dynamic era.

Knowit’s essentiality process to identify the most important issues contributes to prioritizing the sustainability issues that Knowit should focus on. The first step in this is a horizon scanning that we can Navigating 2030, which shows four areas that clearly impact on the planet and everyone living on it.

 

  1. Limits to growth
  2. Changed demographic circumstances
  3. A connected world
  4. Changed natural environments

1. Limits to growth

In the coming decade, the imbalance between supply and demand of natural resources will increase. This is a serious threat to a sustainable society, but also a business opportunity for Knowit, as it will increase the demand for digitalization in general and for circular economy solutions in particular. The increasing lack of food, water, and energy is a general threat to society and creates a risk of disturbances, starvation, and – in the worst case – war.

2. Changed demographic circumstances

It is estimated that, in 2030, 25 percent of the Swedish work-force between 25 and 64 years of age will be born outside Sweden. In the western world, equality efforts are moving forward at differing paces, but the Nordic countries appear to be able to achieve equal societies before 2030.

The population of the world is aging, as people are living longer and longer. An aging population is predicted to increase costs for healthcare and pensions. Knowit has many clients in the public sector, which is expected to have successively less economic power due to gradually increased societal costs for an aging population, poor health, and climate change. At the same time, this creates new business possibilities for Knowit, as the Company can contribute to creating digitalized services and products that can increase efficiency and sustainability in the public sector.

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3. A connected world

The development toward a connected and interconnected world can be summarized as digitalization and automation, which accelerate innovation, as sharing new ideas can be done more easily and quickly. New technology not only changes our way of life, but also affects our values and relationships.

There is a “Global Tech Revolution” going on, where the amount of data processed and stored and the number of devices connected to the internet continues to grow exponentially. An increasing connected world creates very good business opportunities for Knowit, as this results in higher demands for IT system development and an increased need for cybersecurity solutions.

4. Changed natural environments

The global work with decreasing emissions in order to realize the Paris Accords does not appear to be going to reach either the 1.5- or the 2-degree goal, creating increased risks of extreme weather events, raised sea levels, and ultimately greater movements of climate refugees.

By taking on a clearer role as a solution provider, Knowit can both create new innovative business models and contribute to decreased emissions. By developing services that help clients to learn about their direct and indirect emissions, for instance by following up on energy use, creating transparency on the CO2 impact of e-commerce, and helping clients streamline logistics and transportation, Knowit can contribute to lower emissions.

Further, Knowit can – by developing solutions that increase clients’ connection possibilities, promote the usage of public transportation, renewable energy, and systems that gather information on energy use – contribute to both increasing transparency on clients’ CO2 emissions and help them decrease these emissions.

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Joakim Pilborg
Head of Sustainability
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