Sustainable, profitable: Technology tools help companies minimize environmental impact | Tech News

Sustainable, profitable: Technology tools help companies minimize environmental impact | Tech News

Sustainability has become a given and increasingly important for companies to achieve market competitiveness. It’s no longer just about compliance. It’s a strategic advantage. Companies that integrate sustainability into their strategies often see improved operational efficiency, lower costs, enhanced brand reputation and better risk management — all of which contribute positively to profitability. Organizations in India that integrate sustainability are 90 percent more likely to outperform their competitors on profitability, according to a study by the IBM Institute for Business Value.

From renewable energy to waste management, the application of technology is having a significant impact on the way we interact with the environment. Advanced sensors, drones and satellite imaging technologies are helping organisations across all sectors improve their sustainability quotient.

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Power of technology

Shell, the global energy company, recently partnered with Infosys, the Indian IT giant, to accelerate the adoption of immersion cooling services for its data centers. Immersion cooling technology has the potential to reduce carbon emissions by 30 percent and reduce energy footprint by 48 percent. Both companies are leveraging Shell’s immersion cooling fluid and Infosys’ artificial intelligence (AI) offering Topaz to create eco-friendly data centers that can manage high computing loads with optimized hardware.

“Since 2020, Infosys has been leading the way in carbon neutrality and has established our Energy Transition Practice, helping enterprises achieve net zero goals… In FY2024, we saw an exponential increase in our customer conversations on sustainability, expanding our engagement footprint across a broad spectrum of customers and their sustainability challenges,” said Ashiss Kumar Dash, Global Head – Sustainability, Services, Utilities, Resources & Energy, Infosys.

BanFast Förvaltning, the Swedish property management company, wanted to focus more on sustainability and improve operational efficiency. With existing tools and solutions, BanFast employees often struggled to find the right metrics to guide sustainability initiatives. This resulted in duplication of work, which added costs and slowed down operations.

By implementing IBM’s cloud-based Envizi ESG suite, BanFast leveraged AI to create a consolidated sustainability reporting environment. The new analytics capabilities enabled BanFast to make better decisions that significantly minimize energy consumption and save costs, especially when retrofitting buildings. “We predict that with a data-driven approach, we will reduce our energy consumption by 50 percent. That’s a huge improvement that will reduce long-term costs for us, the property owners and also the tenants,” said Lars Nylund, CEO of BanFast.

IBM believes its Envizi ESG suite is relevant to companies in India because of the Business Responsibility and Sustainability Reporting framework prescribed by the Securities and Exchange Board of India. “This framework requires companies to report disclosures and metrics that span thousands of data points. Envizi simplifies this complex process by enabling comprehensive ESG data collection and reporting, helping organizations meet stringent requirements,” said Chittaranjan Meher, country leader, IBM Sustainability Software, Business Unit, India/South Asia.

French tech giant Capgemini has developed a solution that uses AI and data technologies to help smallholder farmers increase crop yields by optimizing resource use, reducing waste and promoting circular economy principles. The company has also collaborated with an equipment manufacturer to redesign a product that not only reduces the use of virgin material but also improves energy efficiency.

Capgemini in India has built an Energy Command Centre that helps remotely monitor energy consumption, carbon emissions and equipment efficiency. By harnessing the power of AI and machine learning (ML), Capgemini has developed algorithms aimed at optimising energy consumption in its heating, ventilation and air conditioning (HVAC) systems and data centre.

For the environment

“The Energy Command Centre will monitor and improve the energy and asset performance of buildings across all Capgemini campuses. In addition, ECC will improve the performance of critical equipment by using a unique analytics platform to diagnose and remediate operational faults at an early stage,” said Neelam Gupta, vice president, Group Portfolio & Sustainability CoE – India, Capgemini.

A global provider of intelligent building solutions faced a significant challenge in overcoming regulatory and energy efficiency hurdles in the global HVAC markets. Working with HCLTech, the company created HVAC systems that minimized environmental impact while meeting market demands.

“HCLTech’s technology-driven sustainability initiatives include investing in R&D for advanced solutions, combining IT expertise with green technologies for reducing carbon footprint, integrating renewable energy sources and optimizing the green supply chain. It also includes developing AI-driven platforms that analyze energy consumption, predict peak demand and automate energy efficiency measures across customers’ operations,” said Hari Sadarahalli, Global Head, Engineering and R&D Services, HCLTech.

Tata Consultancy Services (TCS) helps in the sustainable digital transformation of companies across sectors by addressing key ESG imperatives. It helps companies build ‘traceability platforms’ to facilitate responsible sourcing of natural resources.

“In addition to delivering significant savings in TCS’s own office properties, TCS Clever Energy is helping manage energy for an Indian retail chain with stores across multiple cities in the country,” said Sreenivasa Chakravarti, vice president, IoT and Digital Engineering, TCS.

Analysts believe that predictive analytics, route optimization and intelligent automation combined with sensors enabled by the Internet of Things (IoT) can significantly reduce resource and energy consumption, resulting in lower carbon emissions. “Property managers are already seeing energy consumption reductions of 15 to 55 percent when using AI-based IoT systems, and organizations that invest in AI-based route optimization can reduce thousands of tons of greenhouse gas emissions per year,” said Anushree Verma, Director Analyst at Gartner.