Speaking at Storyboard18's Power of Purpose: Sustainability Edition, Sanjeev Bikhchandani, Co-founder & Executive Vice Chairman, InfoEdge talks about how company's growing investment in the sustainable businesses. He further highlights the need for young business leaders to be in touch with the frontline employees
“AI will eventually end up replacing human beings in many areas—there will be a process of transition. But in the long run, AI should create more jobs than the job losses that are caused,” says Sanjeev Bikhchandani, co-founder & executive vice chairman, InfoEdge (in right) at the Storyboard18 and Network18 Group's Power of Purpose: Sustainability Edition.
According to the insights from PwC's latest Global CEO Survey launched at Davos, while executives may be less focused on short-term issues like inflation and economic growth for 2024, there is a growing consensus on the longer-term threats posed by climate change and artificial intelligence (AI).
So it comes as no surprise when one of the country's youngest and biggest food delivery companies, Zomato has up to 40% of its delivery fleet as electric vehicles (EVs). Among many other initiatives and growing focus towards sustainability, the platform’s users today can opt out of plastic cutlery while ordering food.
“Zomato is trying to be as sustainable as possible, and nobody (shareholders/investors) has to tell it these things. The next-gen is actually a lot more conscious of the need to be sustainable than perhaps my generation,” said Sanjeev Bikhchandani, Co-founder & Executive Vice Chairman, the largest shareholder of Zomato.
Speaking at the Storyboard18 and Network18 Group's Power of Purpose: Sustainability Edition on October 18, Bikhchandani delved deeper into the discussion on sustainability.
“The agenda very often at home is driven by children in terms of what at has to be consumed or what is not to be consumed. Today my children (below the age of 30) talk a different language about sustainability with their friends – down to the fact that 'I don't really want to own a car, I'm happy to opt for an Uber and travel in metro,' while there's a car in the driveway,” he shared.