JUNE 202419MANUFACTURING TECHNOLOGY INSIGHTSCXO INSIGHTSIn the fight to mitigate climate change, major industries across the world will need to make significant changes to reduce their carbon emissions. However, new findings from the Economist Intelligence Unit (EIU), the research and analysis division of the Economist Group, reveal not enough is being done. The investigative team examined 160 of the largest publicly listed firms from four sectors (Energy, Manufacturing, Retail, and Financial Services) across North America, Europe, Asia, and Latin America to determine if companies were making progress. Their overall conclusions gave an underwhelming score of 37 out of 100 when benchmarking corporate progress toward decarbonization. This is especially eye-opening for the global production sectors, which are responsible for one-fifth of carbon emissions, consuming 54% of the world's energy sources.When it comes to manufacturing in America, inflation and lack of easy access to renewable alternatives have indeed slowed the decarbonization progress. But what many manufacturers don't realize is that thermal decarbonization is not only practical but attainable, particularly in industrial plants using low-grade Patricia ProvotSUSTAINABLE MANUFACTURING IS NOT ONLY PRACTICAL BUT ATTAINABLEBy Patricia Provot, President, Armstrong International
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