In the race to combat the climate crisis, the upcoming COP28 stands as a crucial platform for global leaders to drive impactful change. Technology is an important method of effectively making strides when it comes to sustainability but there are some key barriers that are holding businesses back and slowing down meaningful change. Addressing these barriers necessitates a shift in business mindset, leveraging technology, driving real-time insights, and actionable steps for emissions reduction.
Janina Bauer, Global Head of Sustainability at Celonis comments:
“COP 28 is a time for politicians, business leaders and decision makers to take meaningful action to combat the climate crisis. Technology and innovation is and will be an important method of effectively making strides when it comes to sustainability – especially to decarbonise industries and supply chains. However, there are some key barriers which are holding businesses back and slowing down meaningful change.
If businesses are serious about making a positive impact on climate, then sustainability must be central to their business objectives and decisions. Too often, sustainability – and decarbonisation in particular – remains secondary, or is perceived as expensive and overly complex for organisations to focus on. Harnessing sustainability data is a challenge, as it is often scattered and stuck in unconnected systems.
The data required for a real-time view of a company’s carbon footprint – including Scope 3 where most of the emissions occur – is already there. However, it’s often buried in transactional data in ERP (Enterprise Resource Planning) software and Excel spreadsheets or siloed tools. For leaders, the first step is to extract this data across sources using process mining technology, then supplement it with internal and third-party sustainability data, such as emission factors or supplier performance, and use process intelligence and AI to gain insights on where emissions reductions can be made.
Many leaders have the right intention when it comes to sustainability, but will need to back up their pledges at COP 28 with tangible outcomes, harnessing technologies that can turn words into actions. On its own, process mining cannot fully tackle climate change, but the technology shouldn’t be underestimated as a way for organisations to find hidden value opportunities and make great advancements in sustainability without scrutinising business performance.”