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INDUSTRY 4.0/IIoT
The window of opportunity for combating climate change is closing. It is now vital to invest in
alternative systems to ensure business continuity in the face of threats to national infrastructure
transformation to achieve business objectives while ensuring alignment with Net Zero goals. The way we power our world is changing,
and organisations have an opportunity to support the green energy revolution while enjoying returns. For example, investment in renewables such as microgrids, with the implementation of battery storage, provides an opportunity to create sustainable energy that, over time, companies can sell back to the grid at a profit. This strategy provides long-term ROI and
contributes to resilience with the advantage of not relying heavily on the national grid as a sole source of power. With the impacts of climate change and the increasing regularity of extreme weather, it is now vital to invest in alternative systems to ensure business continuity in the face of threats to national infrastructure. Of course, it is also essential to consider
the broader implications of failing to act. External pressure to act on climate change increases, from the government to investors and local communities. Companies that cannot showcase their approach to
addressing climate change risk losing reputation, investment and customers. The window of opportunity for combating
climate change is closing. To have the best chance of limiting temperature rises to 1.5˚C, we must halve global emissions by 2030. We will not achieve this without all organisations taking immediate energy-reduction measures right now. Simply put, there is no ROI on failure to act. However, the returns on climate action are all-encompassing - for companies’ bottom lines and our collective higher ambitions. Look to those already achieving great strides in their journeys to accelerate your
strategy. Every day, we are working with businesses who are already making a real impact whilst achieving healthy ROI, including a European retail chain that has already achieved a 20% reduction in energy costs. In the journey to Net Zero, the first step is clear; invest in the time and expertise to achieve visibility of your starting point and the rest will follow. This is not a journey that organisations can wait any longer to embark upon, but with trusted advisors leading the way, the path is far from perilous.
Schneider Electric
www.se.com/uk/en/
SEPTEMBER 2022 | PROCESS & CONTROL 23
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