Harnessing Digital Transformation: A Pathway to Achieving the 2030 UNSDGs and Ensuring Sustainable Corporate Performance

Book chapter

Rafiq, M., Hameed, I., Dastane, O. and Ghouri, A. (2024). Harnessing Digital Transformation: A Pathway to Achieving the 2030 UNSDGs and Ensuring Sustainable Corporate Performance. in: Khan, M.R., Khan, N.R. and Jhanjhi, N.Z. (ed.) Digital Transformation for Improved Industry and Supply Chain Performance IGI Global Publishing. pp. 262-275
AuthorsRafiq, M., Hameed, I., Dastane, O. and Ghouri, A.
EditorsKhan, M.R., Khan, N.R. and Jhanjhi, N.Z.
Abstract

This chapter explores the essential intersection of digital transformation and sustainability within the context of contemporary business enterprises. It is based on the urgent need for the United Nations' Sustainable Development Goals (UNSDGs) 2030, and it underscores the transformative potential of digital technologies such as Artificial Intelligence, the Internet of Things, and blockchain in reshaping sustainable business practices. This focuses on the switch from traditional, profit-driven models to models that prioritize people, profits, and the planet. The critical conclusion is the emancipation of stakeholders who have evolved from being passive receivers of CSR activities to become active collaborators in sustainability initiatives enabled by digital advances. In addition to that, the barriers that naturally occur because of the digital divide and ethical hurdles must be collectively resolved. Ultimately, it reverts back to the narrow, yet arduous path that leads to the shared value; cooperation and innovation as a way forward to a sustainable digital future.

KeywordsDigital Transformation, UNSDG, Sustainable Corporate Performance, Sustainable Practices
Page range262-275
Year2024
Book titleDigital Transformation for Improved Industry and Supply Chain Performance
PublisherIGI Global Publishing
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Open
ISSN9798369353752
Publication dates
PrintMay 2024
Publication process dates
Deposited16 May 2024
Digital Object Identifier (DOI)https://doi.org/10.4018/979-8-3693-5375-2
Web address (URL)https://www.igi-global.com/book/digital-transformation-improved-industry-supply/339902
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