Advertisement
Singapore markets close in 5 hours 54 minutes
  • Straits Times Index

    3,173.72
    +1.79 (+0.06%)
     
  • Nikkei

    39,596.29
    -144.15 (-0.36%)
     
  • Hang Seng

    16,595.71
    -141.41 (-0.84%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Bitcoin USD

    65,830.81
    -2,087.38 (-3.07%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • Dow

    38,790.43
    +75.66 (+0.20%)
     
  • Nasdaq

    16,103.45
    +130.27 (+0.82%)
     
  • Gold

    2,164.50
    +0.20 (+0.01%)
     
  • Crude Oil

    82.56
    -0.16 (-0.19%)
     
  • 10-Yr Bond

    4.3400
    +0.0360 (+0.84%)
     
  • FTSE Bursa Malaysia

    1,549.39
    -4.25 (-0.27%)
     
  • Jakarta Composite Index

    7,354.00
    +51.55 (+0.71%)
     
  • PSE Index

    6,887.47
    +34.18 (+0.50%)
     

The green future of industrial sustainability

By embracing innovative technologies alongside achievable sustainability goals, companies can accommodate business and market need

Achieving sustainable operations is one of the most important challenges that manufacturing and process industries have ever faced.

As modern industrialists, we are experiencing mounting pressure from governments, society, and investors to demonstrate sustainability practices. Today’s buyers demand eco-efficient brands, green products, responsibly sourced materials, and sustainability-focused solutions and services.

Traditionally, industrial operators have been blamed for climate change, resource scarcity, and harm to the environment and the society around them — and with good reason.

ADVERTISEMENT

Today, industry contributes 32% of the world’s CO2 emissions and more than 73% of greenhouse gases come from energy use. The water sector alone consumes 7% of the world’s energy and generates 3-10% of total greenhouse gases. Energy intensive industries, especially, can no longer remain indifferent when it comes to embracing global sustainability efforts, nor can they afford the operational cost of energy waste.

At the same time, many of the most energy intensive industries produce the essential building blocks of society and the key components of our modern world.

That means that industry is poised to have the greatest impact on solving sustainability problems. And we already have what it takes.

“Industrial digitization supports corporate sustainability, promotes decarbonization and circularity, reduces material waste, prolongs equipment lifetime, and enables better emissions monitoring.” Bloomberg

By embracing innovative technologies alongside achievable sustainability goals, companies can easily accommodate business and market needs while also reducing their climate change impact, conserving energy and resources, and safeguarding people and the natural environment.

Reducing energy consumption is a critical step in increasing sustainability and business stability. Ideally, a process uses as little energy as possible. Simulation software helps optimize the process by improving the visibility and management of power, fuel, water, raw materials, and equipment utilization.

TIP: A more sustainable world is a more digital and electric world. Software can drive safety, lower operating costs, and improve an industrial enterprise’s sustainability outlook.

See Also: