🌍 𝐖𝐡𝐲 𝐓𝐞𝐜𝐡 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐌𝐮𝐬𝐭 𝐌𝐞𝐚𝐬𝐮𝐫𝐞 𝐒𝐜𝐨𝐩𝐞 3 𝐄𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬🌱 As the tech sector advances in sustainability, understanding and managing Scope 3 emissions has become crucial. These emissions include all indirect emissions in a company’s value chain, such as purchased goods, travel, and waste. 🚀 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: Complete Carbon Footprint: Scope 3 often represents the majority of a company's emissions. Regulatory Compliance: Future regulations will likely require detailed Scope 3 reporting. Stakeholder Trust: Transparent reporting meets investor and consumer expectations. Risk Management: Identifying supply chain risks leads to better sustainability practices. Innovation: Drives efficiency and cost savings. 🌟 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐖𝐚𝐲: Greenly's Expertise: Specialized in measuring granular Scope 3 emissions, helping tech companies with precise insights. Collaborative Efforts: Partner with suppliers to share best practices. 🤝 The Path Forward: Prioritize Scope 3 measurements to lead in sustainability, drive change, and build a greener future. #Sustainability #ClimateChange #TechForGood #Scope3 #GreenTech #CorporateResponsibility
Lakshmi Shilpa D.’s Post
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Technology leaders are building and leveraging a digital enterprise capability for carbon emission reduction. Learn more in MIT CISR's March 2024 research briefing from Ina Sebastian, Thomas H., and Stephanie Woerner. #sustainability #digitalsustainability #carbonemissionreduction #technologyemissions #productemissions
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Great to see technology at Bupa in this article from MIT CISR (MIT Center for Information Systems Research) – showcasing our work to reduce carbon emissions. Technology is a key enabler of sustainability, supporting Bupa’s mission to build a healthier future for people and planet and to become a Net Zero business by 2040. Scope 3 emissions, generated by our suppliers, partners and customers, is both the largest and most complex category of emissions to influence. We are prioritising Technology suppliers that share our Net Zero vision. By the end of 2023, 66 percent of IT spend went to partners aligned with Bupa’s Net Zero goal, enabling us to raise our target to 75 percent to be met by the end of 2024. Thanks to our Bupa team (special mention to Stephanie Wand) and our partners focussed on building a healthier future for people and planet. There is much more to be done, but we are moving towards sustainable healthcare together. #sustainability #digitalsustainability #technologyemissions https://lnkd.in/evES7jUy
Technology leaders are building and leveraging a digital enterprise capability for carbon emission reduction. Learn more in MIT CISR's March 2024 research briefing from Ina Sebastian, Thomas H., and Stephanie Woerner. #sustainability #digitalsustainability #carbonemissionreduction #technologyemissions #productemissions
Creating an Enterprise Capability for Digital Sustainability
cisr.mit.edu
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🌱💻 Sustainability meets IT –Understanding the value of data. 🌍 Since the invention of the wheel, successful technology has not only been about efficiency; it has always been about impact. Successful technology goes beyond technical ingenuity and has a measurable impact on society. In today’s world, as we face unprecedented challenges, more than ever, it's not just about improving efficiency, it's about improving people's lives and promoting sustainable development. Technology is one of the most powerful tools for transforming markets and industries and promoting sustainable development. Green tech—the synergy between technology and sustainability—can drive meaningful impact by: 💻 Designing integrated solutions to promote data-driven decisions. 📈 Fostering a data-centric culture that enhances process understanding across the supply chain and inspires sustainable innovation. 🔍 Enabling transparency and accountability through ESG reporting and optimising resource usage. From smart grids and microgrids to eco-friendly supply chains and sustainable design, the intersection of digital technology and sustainability opens up countless opportunities. We’re excited to help organisations harness this power to create meaningful change for a resilient future. #SustainableDevelopment #GreenTech #ITForGood #SustainableBusiness #ConsultingForChange #GreenFuture
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We are excited to witness the overall growing momentum of decarbonization and carbmee is proudly working towards decarbonizing industrial supply chains with its holistic carbon management software. Like Koray Köse rightly explains here, the emissions measurement and reporting go beyond compliance; they are essential steps in the decarbonization journey, offering strategic advantages. The Environmental Intelligence System carbmee EIS™ helps industrial manufacturing companies with automated PCF calculation, Scope 3 emission calculation identifying emissions hotspots and uncovering reduction potential, supplier engagement, and CBAM reporting. https://lnkd.in/emUKaec6
Supply Management Futurist l Risk Expert l Technology Enthusiast l CEO & Founder l Author l Board Member l Adjunct Professor for Supply Chain
🚨 "𝗗𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻: 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗔𝘀 𝗧𝗵𝗲 𝗖𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝗙𝗼𝗿 𝗖𝗵𝗮𝗻𝗴𝗲 𝗜𝗻 𝗔 𝗦𝗵𝗶𝗳𝘁𝗶𝗻𝗴 𝗟𝗲𝗴𝗮𝗹 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲," has just been published in Forbes 🌍💡 In this piece, I explore the critical role of technology in navigating the complex maze of #decarbonization, highlighting key challenges and innovative solutions. From the EU's ambitious Green Deal to the U.S. Inflation Reduction Act, the global push for sustainable supply chains is more urgent than ever. 🌱 Let's delve into five crucial roadblocks and explore how technology is the catalyst toward a sustainable future for companies thriving to establish higher-purpose value chains: ➡️ 𝗧𝗵𝗲 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗖𝗮𝗿𝗯𝗼𝗻 𝗙𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝗖𝗼𝗻𝘂𝗻𝗱𝗿𝘂𝗺: Automated PCF creation and standardized databases streamline data collection and improve accuracy. ➡️ 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗻𝗴 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗜𝗻𝘁𝗼 𝗥&𝗗: 𝗕𝗲𝘆𝗼𝗻𝗱 𝗕𝗿𝗮𝗶𝗻𝘀𝘁𝗼𝗿𝗺𝗶𝗻𝗴: Leveraging PCF data for scenario planning during R&D can inform the development of low-carbon alternatives. ➡️ 𝗨𝗻𝘃𝗲𝗶𝗹𝗶𝗻𝗴 𝗛𝗶𝗱𝗱𝗲𝗻 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗪𝗶𝘁𝗵 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆: Advanced platforms facilitate data collection from suppliers, identifying emission hotspots across the entire value chain. ➡️ 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁—𝗢𝗿 𝗧𝗵𝗲 𝗟𝗮𝗰𝗸 𝗢𝗳 𝗧𝗿𝘂𝘀𝘁 𝗜𝗻 𝗧𝗵𝗲 𝗡𝗲𝘁𝘄𝗼𝗿𝗸: SRM solutions build stronger relationships with suppliers, fostering collaboration towards shared decarbonization goals. 🌳 𝗚𝗼𝗶𝗻𝗴 𝗕𝗲𝘆𝗼𝗻𝗱 𝗖𝗮𝗿𝗯𝗼𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗔𝗻𝗱 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴: Technology platforms automate data collection and reporting, allowing companies to focus on strategic decarbonization initiatives. 🚀 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆: 𝗨𝗻𝗶𝗳𝘆𝗶𝗻𝗴 𝗧𝗵𝗲 𝗗𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗝𝗼𝘂𝗿𝗻𝗲𝘆 By leveraging advanced solutions such as supply chain risk and value orchestration platforms, companies can navigate evolving regulations, ensure compliance, and drive meaningful change towards a low-carbon future. AI and tech innovations are essential for transforming our approach to sustainability, making it a strategic advantage rather than just a compliance exercise. I would love to hear your thoughts and feedback on this critical topic. Forbes Technology Council Read the full article here: https://lnkd.in/euuZ476E #Decarbonization #Technology #Sustainability #Innovation #SupplyChain #ForbesTechCouncil #ClimateChange #GreenTech #Leadership #KorayKöse #EverstreamAnalytics #AI #EnvironmentalImpact #CarbonFootprint #SustainableFuture 🌍🌱🚀🔍
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Only 24% of companies feel ready for the upcoming sustainability reporting requirements. The clock is ticking, and critical deadlines are approaching—like the European Union's Corporate Sustainability Reporting Directive by 2025 and California's staggered emissions reporting starting in 2026. What can help bridge this readiness gap? Technology, of course. Bain & Company's latest research reveals that nearly 90% of executives agree that digital technology is crucial for advancing sustainability goals. However, a startling discrepancy exists, as most need to take the necessary actions to enhance their tech capabilities. Additionally, enterprise technology accounts for about 25% of the company’s Scope 1 and 2 emissions, and large data centres alone can consume up to 5 million gallons of water daily. Are you part of the prepared 24%, or must you accelerate your tech adoption to meet and surpass these rigorous standards in time to leverage technology for compliance and as a cornerstone for sustainable operations that manage carbon emissions, water use, waste, and more? Want to explore how technology can advance your sustainability efforts? Connect with us to explore innovative solutions that can transform your business. #sustainability #technology #corporateresponsibility #innovation #decarbonisation
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Only 24% of companies feel ready for the upcoming sustainability reporting requirements. The clock is ticking, and critical deadlines are approaching—like the European Union's Corporate Sustainability Reporting Directive by 2025 and California's staggered emissions reporting starting in 2026. What can help bridge this readiness gap? Technology, of course. Bain & Company's latest research reveals that nearly 90% of executives agree that digital technology is crucial for advancing sustainability goals. However, a startling discrepancy exists, as most need to take the necessary actions to enhance their tech capabilities. Additionally, enterprise technology accounts for about 25% of the company’s Scope 1 and 2 emissions, and large data centres alone can consume up to 5 million gallons of water daily. Are you part of the prepared 24%, or must you accelerate your tech adoption to meet and surpass these rigorous standards in time to leverage technology for compliance and as a cornerstone for sustainable operations that manage carbon emissions, water use, waste, and more? Want to explore how technology can advance your sustainability efforts? Connect with us to explore innovative solutions that can transform your business. #sustainability #technology #corporateresponsibility #innovation #decarbonisation
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The Illusion of Green: Are Tech Giants Truly Committed to Sustainability? In recent years, large enterprise technology players have increasingly vocalized their commitment to sustainability, crafting extensive press releases and touting high ESG (Environmental, Social, and Governance) scores. Yet, despite their fervent declarations, a critical examination often reveals a stark contrast between their stated intentions and actions. This discrepancy raises important questions about whether these companies are genuinely dedicated to sustainable practices or merely engaging in greenwashing to enhance their public image. One core example of this disconnect is seen in some corporations' energy usage. While they may proudly announce investments in renewable energy projects, the overall carbon footprint often paints a different picture. Reports have highlighted instances where tech giants still rely heavily on non-renewable energy to power data centers, which are among the largest consumers of electricity globally. These data centers significantly contribute to emissions, undermining any lip service paid to sustainability. Moreover, the lifecycle management of electronic devices is another area where rhetoric falls short of reality. Promises to promote a circular economy through recycling and sustainable manufacturing processes often lack tangible results. The rapid turnover of electronic goods continues, spurred by the pursuit of profit and planned obsolescence, which leads to increased e-waste and resource depletion. The public statements made by these enterprises frequently emphasize transparent supply chains, yet numerous audits and investigations reveal persistent environmental and human rights abuses in their supply networks. These findings suggest a gap between corporate pledges and the actual oversight and enforcement of sustainability standards. To be fair, some companies are making genuine strides towards sustainability, albeit incrementally. However, the broader trend of proclaiming commitment without substantial action is increasingly evident. For the industry to achieve true sustainability, it requires more than just high ESG scores—it demands a fundamental shift in operational practices and corporate culture. As enterprises navigate this complex terrain, stakeholders, investors, and consumers must scrutinize actions over words. Only through consistent accountability and transparency can we discern authentic dedication from strategic posturing in the realm of sustainability. What are your thoughts on this? Am I being too hard on them? #Sustainability #FakeSustainability #EnterpriseIT
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🌍 Tech-Driven Sustainability: The Key to Achieving Net Zero As the global push for net-zero accelerates, innovative digital tools are transforming how organizations monitor, manage, and reduce emissions. At Vela Sustainability Technologies, we believe technology is a catalyst for achieving bold sustainability goals. 💡 How digital tools are making a difference: - Real-time Emission Monitoring: Advanced software enables precise tracking of emissions, giving organizations the insights they need to act decisively. - Process Optimization: Leveraging data analytics to identify inefficiencies and streamline operations for sustainability. - Goal Alignment: Solutions like VST's portfolio are designed to integrate seamlessly with ESG frameworks, helping businesses stay on track with their net-zero commitments. 📈 By using the right tools, businesses can turn ambitious targets into tangible outcomes, balancing environmental responsibility with operational excellence. 🔗 Explore VST's innovative solutions and discover how they can support your journey to net-zero. #NetZero #Sustainability #ESG #DigitalInnovation #SustainableTech #CarbonManagement #SustainabilityGoals #VelaSustainability
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#DigitalTransformation and #Sustainability are closely intertwined in various ways, shaping the future of businesses and our planet. Here's how: 🔵 Data-Driven Insights: #Tech provides data for eco-insights, guiding #SustainableDecisions. 🔵 Innovation for Sustainability: Digital tools drive #Innovation for #RenewableEnergy & more. 🔵 #Transparency & Accountability: Digital platforms promote transparency, urging eco-conscious practices. At #CarbonCentral, we focus on integrate digital transformation with sustainability initiatives. Learn more: https://tymlez.com/contact #CarbonReporting #ClimateAction #GreenTech #CarbonFootprint #ESG #DistributedLedger #Innovation #GreenBusiness #CarbonNeutral #CleanTech #GreenEconomy #TYMLEZ
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Our experts know how to turn sustainability into a driver of growth. We are committed to contributing to a sustainable and inclusive world where technology delivers for all. Learn more about how we help players across the technology, media and telecoms sector navigate their core sustainability challenges: https://bit.ly/4daM1Rn #Sustainability #ESG #GreenTech
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