Faradai Hosts Groundbreaking Workshop on Sustainability and Decarbonisation
Leading sustainability figures gather to explore data-driven strategies for a greener future.
The requirement to measure and reduce emissions across the globe is growing. With it we see the increasing role that technology can play in supporting organisations to reach net zero. Faradai, a technology company specialising in AI-powered sustainability and energy management solutions, organised a pioneering workshop on sustainability and decarbonisation ahead of World Environment Day on 5 June.
The workshop, titled “Technology and Data in Decarbonisation,” brought together senior executives and sustainability leaders from diverse sectors, including industry, finance, retail, and energy. The focus was on leveraging data-driven strategies for decarbonisation, reflecting Faradai’s commitment to tackling the pressing environmental challenges of our time.
Data-Driven Sustainability Takes Centre Stage
Edward Hubbard, VP of Commercial Operations at Faradai, highlighted the evolving goals of sustainability over the past decade. “The past ten years have been about setting net-zero targets and mandatory emissions reporting,” Hubbard stated. “The next decade will focus on realistic decarbonisation performance evaluations driven by data, continuous carbon measurement, and a shift towards a culture of verification. Emission reporting will become a tool rather than an end goal, enabled by the active use of data analysis, IoT, and AI.”
Hubbard also addressed the challenges institutions face in collecting reliable, continuous data. “Illuminating blind spots in the supply chain with data and interpreting this data to support decarbonisation efforts is crucial. Our workshop showcased successful field applications, case studies, and detailed technology usage scenarios, drawing significant interest from top executives.”
Key Themes and Discussions
The workshop delved into topics such as real-time data collection, data quality and security, and the integration of AI and IoT into decarbonisation processes. When measuring scope 3 the volume of data can quickly become difficult to manage without robust digital processes. Discussions also covered regulatory compliance, transparency, and the opportunities and threats posed by emerging technologies. Attendees emphasised the importance of digitising sustainability processes to improve operational efficiencies and advance strategic goals. Integrating and automating data collection through IoT devices, ERP software, and AI applications was identified as key to seamlessly gathering decarbonisation metrics. Flexibility in cloud and on-premise installations, cybersecurity, and data security practices were also deemed essential for large corporations.
Representatives from leading organisations shared their insights on the importance of data in sustainability efforts. Coca-Cola, a participant in the workshop, emphasised their commitment to environmental responsibility. Yusuf Dulda, Environment Manager at CCI (Coca-Cola Beverage), highlighted the increasing environmental awareness among consumers. “Today, young people want to see and consume products that are environmentally conscious and sensitive to nature. They question the products they consume. We have a generation that is truly sensitive about this issue. They are aware of both the output and the cost of the products they consume and are ready to meet the requirements for this.”
Future Directions and Challenges
Sustainability managers were compared to orchestra conductors, balancing various issues to achieve sustainability goals. Their roles encompass everything from developing and implementing strategies to risk management, transforming organisational culture, monitoring and reporting ESG performance, collaborating with stakeholders, and managing compliance. The integration of innovative digital solutions in decarbonisation is seen as crucial for the future.
The need for a holistic approach to data management in digitalisation processes was also highlighted. Evaluating data from end to end and designing appropriate infrastructure is essential. Systematic data analysis with AI can streamline processes and enhance transparency. The potential of AI in supporting goal-setting and the increasing environmental awareness among consumers, particularly younger generations, were key points of discussion.
For more information about the workshop and Faradai’s solutions, visit our website.