The discussion on the ways in which digital solutions add “green” value to the different stages of the production process and business operation, improve their competitiveness and allow companies to meet the growing demands of the modern regulatory framework is opened by BSE, presenting a new practical guide to reducing your environmental footprint through digital technologies.
As the authors of the Guide point out, smart digital technologies allow companies to improve their environmental footprint: for example, they can reduce CO2 emissions in the life cycle of their products by up to 30%, waste produced by up to 90%, Waste produces up to 15% of your transportation fleet’s global footprint, up to 25% of energy losses in commercial buildings and up to 50% of energy consumption in industrial facilities. After all, today in Greece, 20% of companies associate reducing their environmental footprint with improving their competitiveness, while 44% of companies around the world require specific environmental sustainability criteria from suppliers and partners.
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The BSE Guide on “Digital technologies to reduce environmental footprint” includes practical information on critical technologies, but also on the business decisions required to reduce the environmental footprint. The BSE Guide will be presented at a special event focusing on practical steps and benefits for businesses on Wednesday 2 October 2024 at 4pm at their offices at 5 Xenophontos Street.
The event will feature distinguished speakers from the business community who will discuss the critical factors for the double transition (digital and green), the digital solutions available to companies, their areas of application in the production process, as well as the benefits for companies of all the sizes.
Chairperson of the BSE Executive Committee, Ms. Rania Aikaterinari, said: “The combination of digital and green transformation on the industry’s path to reducing greenhouse gas emissions by 55% by 2030 and achieving climate neutrality by 2050, creates significant potential and opportunities. At the same time, it will determine, to a large extent, the productivity and competitiveness of companies in the present and in the future. At BSE we strive to strengthen member companies through the exchange of experiences and information on good practices and a strategic approach integrated with digital solutions for better environmental performance. Especially for industry, ESG criteria related to the environment are many and complex, requiring significant actions and investments, while for listed companies the objectives (short and medium term) are made public and the progress of their implementation is systematically monitored. Digital and technological solutions will, without a doubt, be a catalyst for this progress. One in five Greek companies already uses these solutions to achieve their ecological objectives. We want, and we must, that these businesses become more, and they can become more.”
The 5+1 practical steps proposed by SEB for companies to simultaneously achieve their green and digital transition
The BSE Guide suggests key measures that companies can take to simultaneously improve their green and digital transition. Specifically:
1. What does the double transition mean in practice for companies?
That there is no dilemma between digital or green investments. Digital tools improve the efficiency of a business and in ecological terms.
2. What are the benefits of combining green and digital transformation?
Digital technologies make it easier to monitor and improve energy consumption and efficiency, obtain environmental certifications and better align a business with the environmental sensitivities of customers, suppliers, financiers and society.
3. Which companies can benefit?
All of them, regardless of size and sector, across the country.
4. What should a company do to benefit?
- First, identify your current environmental footprint, what and how much you want or need to improve, and design a single sustainability plan and digital transformation objectives.
- Second, develop a mechanism for the continuous flow, collection, analysis and global use of your data in order to monitor your environmental performance and make appropriate decisions.
- Third, cultivate not only digital skills, but also green culture for your population. AND,
- Fourth, diligently address compliance obligations with guiding principles, legislative initiatives and action obligations around the green transition.
5. What digital technologies can be explored?
The possibilities are endless. From basic cloud tools, Internet of Things, data analytics and generalized document, building, energy and vehicle fleet management systems, to robotics, digital twins, 3D modeling, blockchain, automatic fault detection and diagnosis, machine learning and artificial intelligence solutions.
6. In which company functions can digital solutions be applied that will improve its environmental footprint?
In all processes, such as product design and development, supply and acquisition of raw materials, management of natural resources such as energy and water, production, administrative processes, transportation and movement of goods, waste management, coke.
