Schneider Electric report reveals emissions reduction by 19% from companies with digital tools
by CM Staff
The commitments made during the November UN COP26 climate change meeting will reshape the agenda for global business.
Companies reduce emissions by up to 19 per cent through digital tools, new report from Schneider Electric and CNBC shows (CNW Group/Schneider Electric Canada Inc.)
MISSISSAUGA — Schneider Electric, a company involved in the digital transformation of energy management and automation, released a new report analyzing the essential role that digital innovation can play in advancing sustainability and efficiency.
Created in partnership with CNBC Catalyst, Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation outlines how companies and institutions leverage digital technology to reduce greenhouse gas (GHG) emissions, transition to renewable energy, and build more transparent supply chains.
Notable insights in the report include:
- How IBM deploys AI and blockchain-based solutions to build a more transparent and low-carbon supply chain.
- Intelligent lighting, rainwater collection and energy derived from cooking oil reduce 19 per cent of GHG emission across Swire Properties’ portfolio.
- Engineering firm Jacobs helps the city of London analyze billions of data points to model a transport system with 80 per cent of trips using zero-carbon modes.
- How Tata Power‘s rooftop solar monitoring and management system helps customers in over 90 Indian cities produce the equivalent of 258 barrels of oil through renewable energy.
The commitments made during the November UN COP26 climate change meeting will reshape the agenda for global business. An expected acceleration of activity to address climate points toward net-zero emissions as an organizing principle for business. The scale of the climate emergency requires organizations in every industry to mobilize now to boost efficiency. Digital technology presents the straightest path to achieve the ambitious targets outlined in the COP26 agreement.
“The outcomes of COP26 underline the urgent need for businesses to take ownership of sustainability and work towards becoming more energy efficient now,” says Jean-Pascal Tricoire, Chairman and CEO of Schneider Electric. “The next decade will be the one where digital technology puts sustainability ambition into action. With 70 per cent of emissions reduction achievable with existing, proven and competitive technologies, this report is testament to how organizations can apply the digital tools of today to help us arrive at the net-zero future the planet depends on.”
