Companies reduce emissions by up to 19% through digital tools, new report from Schneider Electric and CNBC shows

  • 70% of emissions
    reduction are achievable with existing, proven and competitive technologies[1]
  • Swire
    Properties, IBM, Jacobs, IHG Hotels, and Tata Power share benefits of digital
    innovation
  • Artificial
    intelligence, machine learning, blockchain, and 3-D modeling are key to
    supporting existing transformations as viable solutions to overcome climate
    challenges

HONG KONG SAR – Media OutReach – 12 January 2022 – Schneider
Electric™,
the
global leader in the digital transformation of energy management and
automation, today 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% 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% 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% 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.”

 

Advanced Artificial Intelligence
and machine learning bolster sustainability

 

Unlocking a
sustainable future: Why digital solutions are the key to sustainable business
transformation
features useful case studies from
businesses and institutions, including Swire Properties, Equinix, IBM, IHG Hotels & Resorts, Jacobs, Singapore Management University, Tata Power,
and the University of
Oxford. It illustrates how these organizations have
broken ground on digital efficiency, with key stakeholders relaying their
digital sustainability experience.

By
integrating human and machine intelligence, the companies featured have
capitalized on the ability of algorithms and high-powered computing to create
change in essential areas such as energy use, city design, resource
consumption, supply chain efficiency, and power generation.

Businesses
view digital solutions as crucial in balancing environmental and societal responsibilities

Increased
expectations to achieve tangible sustainability gains has raised the bar for
businesses. With COP26 emphasizing the need for governments and businesses to
be held accountable, progressive companies are fast recognizing that a more sustainable
future is crucial to ensuring the long-term viability of their business.

For
example, Swire
Properties embarked on a long-term decarbonization
trajectory focused on reducing the intensity of GHG emissions within its
portfolio. Achieving this entailed investment in digitally efficient
measurement tools and a partnership with Schneider Electric to model the energy
efficiency of its buildings, resulting in a 19% GHG reduction across their
portfolio.

Companies stand to gain by viewing sustainability and
digitalization as connected transformations

Digital
technology investments can create significant business value when deployed with
the right partner to drive momentum. With the pandemic confirming the
importance of digitization for business continuity, the need for a robust,
energy-efficient future has never been more apparent.

This
is also signified by companies such as IHG Hotels
& Resorts, who supports its franchise partners around
the globe to measure and manage their environmental impact using an innovative
online platform. Going a step further, the company now has two hotels making
strides to decarbonize, with a clear roadmap helping them navigate toward
net-zero based on modeling and carbon impact assessments.

Ranked
the world’s
most sustainable corporation by media and
research organization Corporate Knights in 2021, Schneider Electric has played
a leading role in developing energy-efficient digital solutions for its
customers, including the case studies described in this report. Connected, open
and digital technology creates business advantages and provides tangible gains
in efficiency and business resilience. This helps customers jointly address
their twin mandates to deliver for the environment and shareholders.

Schneider’s
top thought leadership content, including reports like Unlocking a sustainable
future: Why digital solutions are the key to sustainable business
transformation, can be found on the newly launched Schneider
Electric Insights website.

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