117 artificial intelligence-powered standardisation, collection and aggregation of carbon data across multiple locations. Over 400 streams of data, within the clear context of each organisation’s role and responsibilities, make it far easier to measure, monitor and summarise progress in real time. Then, hidden opportunities, scenarios and goals can be uncovered and weighed-up based on cost, risk and priority. Data automation also frees up staff to perform sophisticated risk management analyses and strategies, driving proactive understanding, reporting and performance improvements. To ensure comprehensive decarbonisation management, hiring a team of expert external consultants can accelerate an organisation’s sustainability journey further. A truly successful sustainability programme requires transformation in every department, that’s why these data specialists analyse company-wide infrastructure and processes and engage with stakeholders to identify the data that’s material to a company. Then, they collate it and validate its quality. Consultants can also impartially assess an organisation’s carbon footprint, and support managers to build an ESG playbook that discloses targets, commitments and improvements against them. Making carbon measurable against net-zero commitments Working with numerous organisations on their sustainability strategies, Schneider Electric has found that as much as $3 million can be saved by tracking energy and sustainability performance and identifying strategic procurement opportunities, while $1 million can be saved just by identifying waste and tracking data on a single platform. As a result, 14.5 per cent of these energy savings can be reinvested in lower energy costs and similar initiatives. A real-world example of using data to reduce spending and enact a successful carbon transition is entertainment behemoth AEG Worldwide. Through a partnership with Schneider Electric and its Resource Advisor platform, AEG began to benchmark organisational energy consumption and monitor the success of its efficiency projects. By consolidating the visibility of 53 different types of data streams across 59 facilities into one central platform, AEG leveraged a clear overview of how to reduce its environmental footprint and energy costs across their venues. This has resulted in more than $3 million in energy cost savings and a 14 per cent reduction in greenhouse gas emissions since 2010, plus 53 per cent of worldwide waste now being diverted from landfill. It's time for more organisations to do the same. As we’ve explored, it’s no longer enough for a successful business to be measured on profit and loss alone. The onus is now on companies to lead decarbonisation, with investors, employees and customers increasingly vigilant. If businesses are going to take their responsibility seriously and deliver on net-zero pledges, then they urgently need to put in place the right tools to manage their data. At Schneider Electric, we began our sustainability journey 15 years ago. In the decade and a half since, we’ve been widely recognised for our ESG progress and ranked as the world’s most sustainable company by Corporate Knights. This is proof not only of our leadership in carrying out significant transformations internally, but also of our ability to accurately report on and disclose our progress with stakeholders. Schneider helps clients define success through market intelligence and trends, benchmarking and footprint assessment, stakeholder engagement and journey mapping, and digital solutions like Resource Advisor. Through the Schneider Electric Sustainability Business, we’re also supporting thousands of clients on their own carbon data management transformations. Our products and services are built on vast experiences from our own journey and those of our customers, from widely different industries, geographies and stages. Olivier Blum is executive vice president of energy management at Schneider Electric “ It’s no longer enough for a successful business to be measured on profit and loss alone”
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