Rockwell Automation Chairman and CEO Among Those Providing Perspectives in WEF Blog on Manufacturing Innovations That Support Enhanced ESG Reporting
MILWAUKEE, January 24, 2022 /3BL Media/ - Pioneering technologies and solutions in advanced manufacturing are easing the adoption of Environment, Social and Governance metrics while driving growth and sustainability value across industries, according to a recent World Economic Forum blog that includes perspective from Rockwell Automation (NYSE: ROK) Chairman and CEO Blake Moret.
Moret, a WEF agenda contributor and a past Davos Forum panelist, shared how data-driven decision making contributes to sustainability by helping companies reduce energy consumption and resulting emissions.
“Manufacturers are looking for new ways to leverage technology to reduce their environmental footprints,” Moret said. “Intelligent devices, combined with innovative sustainability and energy management software, provide new levels of insight to reduce energy demand and increase efficiency. Real-time energy management is within reach, from simple monitoring to embedded AI tools that enable closed-loop optimization.
“By creating a standard energy data model in context to production, energy intensity and other key performance metrics can be measured and improved. In one instance, an automotive company found that 40% of one machine's energy consumption occurred when it was not producing anything. This simple, yet impactful, insight allowed them to de-energize the equipment when not in use, reducing both costs and greenhouse gas emissions.”