AVEVA has joined companies across the tech and energy spectrum to highlight the multifaceted role of digitization in helping to achieve zero carbon emissions across the ecosystem.
Delegates to the recent landmark conference, AVEVA PI World, learned how data-driven innovation can help unlock the benefits of sustainability at all levels. The unanimous message was delivered by sustainability and environmental leaders from Schneider Electric, Ørsted, Neste, Microsoft and AVEVA during a panel on sustainability.
Nine out of 10 companies plan to accelerate their sustainability activities in the coming year as companies recognize their role in tackling climate change, according to a survey commissioned by AVEVA of more than 850 environmental experts. -suite and in digital transformation. Four in five major industries want to increase their digital investments to develop sustainable business models, demonstrating the enormous potential of advanced technologies such as smart data, artificial intelligence (AI) and cloud computing to enable clean industrial operations at zero and low carbon, explained Lisa Johnston. , Chief Marketing Officer and Chief Sustainability Officer at AVEVA.
“Companies around the world are committed to reducing their environmental footprint. AVEVA believes that the business world must now go further, contributing positively to sustainability through our activities and partnerships – or in other words, our sustainability footprint. Given the nature of the capabilities that AVEVA provides to our customers, our solutions have a constructive impact on environmental sustainability. Data infrastructure management solutions such as AVEVA PI System, delivered in partnership with Microsoft’s Azure Cloud, can help thousands of very different businesses find innovative ways to meet their sustainability goals and become positive for the business. climate, ”added Johnston.
Digitization strategies to achieve net zero commitments
Data-driven innovation plays an important role in achieving the net zero goals, the panelists said. Panel participants learned concrete strategies for building climate positive organizations.
1. Integrate sustainable development into your KPIs: Olivier Blum, Chief Strategy & Sustainability Officer at Schneider Electric, ranked the world’s most sustainable company, said companies should develop sustainability strategies in the same way they have strategies for other areas, such as than finance or human resources. Potential CO2 emissions should be taken into account in the design of new assets, for example, to improve sustainability and accelerate the climate transition, he said. Matching sustainability KPIs with the rest of the business can deliver the critical results required. “Sustainability is like any field of business,” said Blum. “You should have a sustainability strategy. It must be fully integrated into your business strategy.
2. Using data to predict innovation: Applying predictive analytics to industrial data collected throughout the value chain can reveal new avenues to innovation. The energy major Ørsted operates a large fleet of 1,000 offshore wind turbines. Continuous data monitoring means the fleet represents 1,000 different experiences providing feedback to produce future assets, said Jesper Skov Gretlund, Senior Director, Digital Competence Center, Ørsted. Innovation is a continuous process of refinement, and advanced technologies such as AI and big data facilitate this process. Ørsted is on track to become carbon neutral by 2025.
3. Extend your footprint with partnerships: Neste works with suppliers who share its sustainability commitments on the path to carbon neutrality in production by 2035. The company uses the data collected throughout its value chain to improve its operations and helping other companies reduce their emissions, said Salla Ahonen, Vice President of Sustainability, Neste. “We are looking at how we can actually transform our entire value chain and how we can help others transform,” she said. Data can offer positive avenues to improve a company’s footprint, she added. In the process, the entire ecosystem can achieve its net zero goals.
4. Measure everything for sustainability at scale: Thousands of companies are setting net zero goals, but achieving them requires better measurement tools, said Lucas Joppa, chief environment officer at Microsoft. The software leader is committed to becoming a carbon-negative company by 2030. “You can’t manage what you can’t measure,” he said. Since carbon is the lifeblood of life, measuring it requires monitoring all aspects of the business. “Digital technology is that tool in the [corporate] toolkit that allows us to achieve the kind of scale required by durability and the reach required by durability, ”said Joppa.
The panel concluded that industries are no longer forced to compromise short-term competitiveness to pursue a more sustainable future. The Thought Leadership Forum for AVEVA Partner Executives was open to all AVEVA PI World registered delegates.
The event is one in a series of AVEVA initiatives aimed at supporting an inclusive and net zero economy in line with a 1.5 ° C trajectory as the world strives to weather the worst impacts of the climate crisis.