In a recent interview with Sustainability Middle East News (SMEN), Vijay Jaswal, Chief Technology Officer (CTO) of IFS, APJ & MEA, spoke about how technology serves as a catalyst for sustainable business practices.
Below are the excerpts...
Please elaborate on ESG goals of IFS?
IFS strives to remain united in our commitment to our customers and to sustainability. We continue to work strategically and collaboratively to align our sustainability efforts with our business goals, so that we may contribute to the greater good of our planet.
IFS has a succinct vision and strategy when it comes to ESG: Our vision is: To create long-term sustainable value and through technology, transform and improve industries and lives.
IFS accomplished this vision through the following 3 pillars:
1. Excellence in Our Business: Committed to lead by example as we strive to improve our operational sustainability performance
2. Supporting Our Customers: Committed to support customers with ESG data and asset lifecycle management, shifting towards more sustainable approach
3. Making a Broader Impact: Committed to make a positive contribution across industries and society
What role does technology play in achieving sustainability?
IFS technology serves as a catalyst for sustainable business practices by offering a comprehensive suite of tools and insights. By centralizing data from various sources, IFS technology provides a clear and accurate picture of environmental and social impact. This data-driven approach empowers businesses to identify areas for improvement, optimize resource allocation, and make informed decisions that align with sustainability goals.
Additionally, the platform automates reporting processes, ensuring accurate and timely documentation of sustainability performance. Furthermore, IFS technology enhances supply chain visibility, enabling businesses to identify and mitigate environmental and social risks throughout their operations. By optimizing energy consumption, reducing waste, and promoting responsible sourcing, IFS helps organizations minimize their carbon footprint and contribute to a more sustainable future. Ultimately, IFS Cloud empowers businesses to embrace sustainable practices, comply with ESG regulations, and build a strong reputation as a responsible corporate citizen.
How IFS solutions help utility companies address challenges within energy sector?
IFS solutions empower utility companies to effectively address sustainability challenges within the energy sector.
IFS provides real-time data insights into resource consumption, energy usage, and waste generation, enabling informed decision-making and optimization of operations. This data-driven approach helps identify inefficiencies, reduce waste, and minimize environmental impact. Additionally, IFS facilitates the integration of renewable energy sources into the energy mix, promoting a sustainable energy future. By streamlining processes, automating tasks, and optimizing resource allocation, IFS enables utility companies to operate more efficiently and responsibly, contributing to a greener and more sustainable energy landscape.
Your take on achieving net zero - What would be your advise to hard-to-abate sectors?
Achieving net zero emissions is a complex challenge that requires a multifaceted approach. To effectively address this issue, it is crucial to prioritize emission reduction strategies across all sectors, including those that are traditionally difficult to decarbonize.
For hard-to-abate sectors, such as steel, cement, and chemicals, a combination of technological innovation, carbon capture, utilization, and storage (CCUS), and circular economy principles can be employed. Investing in research and development to accelerate the development and deployment of low-carbon technologies is essential.
It is important to recognize that net zero cannot be achieved solely through technological solutions. A systemic shift towards sustainable consumption patterns and circular economy principles is also necessary. This includes reducing waste, promoting recycling, and extending the lifespan of products.
By embracing a circular economy, we can minimize resource consumption and reduce emissions associated with production and disposal.
In conclusion, achieving net zero emissions is a complex and urgent task that requires a holistic approach. By combining technological innovation, policy support, and behavioral changes, we can transition to a low-carbon future and mitigate the impacts of climate change.