Only by working together can we reduce carbon emissions, but the road ahead requires us to reframe our thinking.
By Kerry Grimes
Companies across all industry sectors are making significant efforts to embed sustainability goals across their operations, which align with global net-zero climate emissions commitments.
Around the world, 80% of major companies now report on sustainability, and thousands of organizations have aligned themselves to achieve climate goals through initiatives such as the United Nations’ Race To Zero campaign.
But while every organization must play its part in this “Decade of Action”, it is only by collaborating with others on the same trajectory that the industrial ecosystem can meet a fundamentally complex challenge. Businesses now recognize that digital technologies can serve as the necessary framework to underpin these partnerships and bring about lasting, lasting change.
AVEVA and Microsoft Corp. have worked together for 30 years to enable customers to convert opportunity into business value with each new wave of technology. We are now using our relationship to achieve our shared sustainable goals. By combining Microsoft’s advanced and scalable Azure cloud infrastructure with AVEVA’s deep industry expertise in a single platform, customers can help mitigate climate change while unlocking lifelong sustainability benefits. value chain by reducing costs, reducing greenhouse gas emissions, making more sustainable choices and unlocking innovative solutions. strategies.
Use joint solutions to reduce costs
Green businesses are lean businesses. Low-carbon capital investments such as renewables and energy efficiency could generate $45 billion and 2.4 gigatonnes of CO2 equivalent over the life of the investments, according to a study conducted by consultancy firm Oliver Wyman and CDP, a non-profit organization that operates a global climate-related disclosure system. The research identifies energy efficiency processes as the most cost-effective emissions reduction initiatives.
Advanced technologies can now help customers optimize workflows and energy management systems to improve profitability by replacing inefficient and costly silos.
Digital technologies now allow industrial companies to improve their efficiency in line with environmental objectives that can generate value across the business.
Schneider Electric is building smart factories around the world as part of its digital supply chain transformation initiative called Tailored Sustainable Connected (TSC) 4.0. At its Lexington, Ky., site, the company has rolled out a new integrated platform that combines its own solutions with those of AVEVA and Microsoft. The objectives were to modernize and optimize plant processes, increase plant efficiency and reduce downtime, improve energy management and better mobilize personnel through increased factory-wide visualization with real-time data.
The company made early gains (90% less manual paperwork, 6% less downtime) and saw later benefits. It reduced energy consumption by 26%; CO2 78% emissions, in conjunction with renewable energy credits; and water consumption by 20%. Taken together, Schneider saved $6 million with TSC 4.0.
Sustainability as a business opportunity
Disruptive technologies help improve sustainability so that industrial companies can create opportunities for efficiency, innovation and growth.
The UN estimates the total global market opportunity associated with environmental sustainability at more than $12 trillion. The transition to a low-carbon or zero-carbon economy opens up significant business opportunities for industrial organizations.
Multinational integrated oil and gas company PETRONAS wanted to improve asset performance management and reduce downtime by fixing equipment before bigger problems arise. Committed to achieving net zero carbon emissions by 2050, the energy leader recognizes the importance of plant stability to achieving its sustainability goals.
In four upstream plants and two downstream plants, PETRONAS deployed a joint solution using the AI-infused AVEVA PI system and AVEVA Predictive Analytics in its enterprise cloud, running on Azure. By collecting and analyzing data from instrumentation and equipment, AI-enabled tools have helped PETRONAS eliminate silos, strengthen collaboration, predict asset failures and improve efficiency.
With 200 AI models deployed, the solution helped PETRONAS identify 51 major early warnings, saving $17.4 million and achieving a 14x return on investment in the first year. Feedback from the pilot system enabled PETRONAS to design systems that improve profits, reduce waste and reduce process-related emissions at 10 new plants.
Choosing to prioritize sustainability
Consumers and regulators increasingly want brands to put sustainability at the heart of their operations.
“Rather than simply responding to these demands, today’s leaders must recognize that they have an unprecedented opportunity to build dynamic and sustainable businesses by expanding their business visions to achieve greater social impact,” said Casey McGee, vice president of worldwide ISV sales at Microsoft. “Just as collaborating with like-minded vendors, peers and other institutions is fundamental to improving business outcomes across the economy, so can working together to create a powerful ecosystem that ensures true sustainability for people, planet and profits.”
Partnerships have never been more important than today. Working together can help us accelerate the transition to a net zero economy and achieve the sustainable future envisioned by organizations across all sectors.
Learn more about how AVEVA and Microsoft are teaming up to help customers unlock the benefits of sustainability.
Kerry Grimes is Head of Global Partners at AVEVA.