Decarbonization: A Roadmap for Manufacturers
The manufacturing sector accounts for a significant proportion of global CO2 emissions. In fact, manufacturing poses a carbon conundrum. On one hand, industrial processes and products are over reliant on fossil fuels and natural resources. On the other, carbon intensity across the value chain increases operational risks for industrial manufacturers.
In this Point of View (POV), Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, shares insights on how CXOs can place the carbon issue at the core of their business agenda. This POV aims to provide clear pathways using which organizations can decarbonize their operations, while shining a spotlight on sustainable manufacturing.
As a first step, manufacturers should monitor their Scope 1, Scope 2 and Scope 3 emissions. Visibility into CO2 emissions from direct and indirect sources enables enterprises to commit to a sustainable business framework, and devise policies to reduce their carbon footprint. Secondly, the focus should be on achieving reduced greenhouse gas emissions across the supply chain. Leveraging clean energy sources is the next step in the transition to a low-carbon economy.