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KUALA LUMPUR, Jan 13 — A report by Schneider Electric -- a global leader in the digital transformation of energy management and automation -- revealed that digital innovation can play an important role in advancing sustainability and efficiency.
According to the report, titled ‘Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation’ produced in partnership with CNBC Catalyst, a 70 per cent reduction of emissions can be achieved by utilising existing, proven and competitive technologies.
“Artificial intelligence, machine learning, blockchain and 3-dimensional modelling are key to supporting existing transformations as viable solutions to overcome climate challenges,” the firm said in a statement today.
The report outlines how companies and institutions leverage digital technology to reduce greenhouse gas emissions, transition to renewable energy and build more transparent supply chains.
Among other things, it had cited International Business Machines Corporation’s (IBM) move to deploy artificial intelligence and blockchain-based solutions to build a more transparent and low-carbon supply chain.
Such moves by companies are in line with the commitments under the 2021 United Nations Climate Change Conference (COP26), which would reshape the agenda for global business.
“The outcomes of COP26 underline the urgent need for businesses to take ownership of sustainability and work towards becoming more energy efficient now.
“The next decade will be the one where digital technology puts sustainability ambition into action, and this report is testament to how organisations can apply the digital tools of today to help us arrive at the net-zero future the planet depends on,” said Jean-Pascal Tricoire, chairman and chief executive officer of Schneider Electric.
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