"Sustainability now is a lot like finance in its early days," Says Sam Israelit, Chief Sustainability Officer at Bain & Company.

Sam Israelit, Chief Sustainability Officer at Bain & Company says "The analogy I often use is sustainability now is a lot like finance in its early days. If you go back to the early 20th century, you see that finance gradually became a formal function and discipline. Sustainability is currently in the same place."

Israelit draws an intriguing parallel between the current state of sustainability and the early days of finance. Nowadays, every business function must weigh the carbon impact alongside cost implications. For instance, companies developing new products must assess the carbon footprint of their materials.

Similarly, when establishing manufacturing locations or distribution networks, it's just as critical to assess carbon implications as it is to forecast costs.

Learn more about what he has to say about the main challenges companies face in relation to Sustainability.