Technology and human ingenuity have resulted in innovative ways to grow more food, produce more goods, and create more energy, enabling humanity to grow to the scale we see today. Although as a result, many unintended consequences threaten the complex ecosystem on which we all depend. As such, it is important that we focus on how companies can align economic needs with environmental needs to support a more sustainable, healthier and safer planet.
There is a lot of noise from companies calling for their sustainability practices, which is causing confusion with consumers trying to identify those who are really implementing green protocols and those who are cleaning up greenery. According to a survey by Edie, consumer and investor demand for sustainable products will outperform corporate actions in the coming years, leading to accelerated green washing. Companies still need to define what “carbon neutral” and “net-zero” mean and consider how those concepts are incorporated into their business strategy and operations. The use of quantitative measurements and standards will help show the progress that companies are making towards more sustainable business models that meet economic and environmental needs.
For example, companies can reconcile economic profitability with the amount of energy consumed – whether lighting a store or optimizing production processes – by collecting comprehensive data to assess the environmental impact of their supply chain. The Internet of Things (IoT) is uniquely equipped to provide such information, allowing companies to better understand what current processes involve and what resources are available. This can help organizations understand how to reduce their carbon footprint and generate cost savings. Whether motivated by termination or pressure on ESG by shareholders or government regulations, if technology solutions are cost-effective, simple, and easy to implement, more companies will want to incorporate them into their practices. daily.
Companies across the globe have begun to explore the concept of doing more with less by using technology to harmonize environmental goals driven by regulatory requirements and economic incentives. Although the impetus to optimize a complex system is clear, the reality of the matter is that most organizations do not know how to generate the data needed to efficiently operate environmentally conscious systems. IoT solutions can bridge this gap by helping organizations get the data they need to produce more with less saving money and improving overall organizational performance.
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With the removal of COVID-19 restrictions in parts of the nation, more people will start going out into the office again. Consider adopting IoT-enabled construction solutions such as smart lighting and smart building management thermostats. These solutions can measure usage rates and collect data on the specific time employees enter workplaces to optimize energy consumption and lower costs, creating a greener, user-oriented work environment.
Whether it is goods or services, procurement is an expense for almost all companies. Consider installing IoT-enabled sensors in warehouses and offices to monitor inventory levels and the location of materials, goods, and equipment. This in turn helps reduce asset and inventory waste losses, while also ensuring timely delivery. As a result, costs and emissions are reduced by simplification processes.
Technology can help protect crops, livestock and property, and it can also help reduce emissions levels. For farmers and ranchers, consider using the IoT to measure weather conditions that affect crop production, track livestock health, and maximize yields and minimize costs. Similarly, for firefighters – especially in California – consider technology that helps predict and manage fires to keep people safe. Some sensors can measure temperature, carbon dioxide levels and wind direction to detect the presence of a fire.
Food Waste Management
The US loses 80 billion pounds of food a year. The IoT enables the development of smart and sustainable food waste management solutions, from waste disposal machines to sensors that monitor the optimal readiness of the crop to adapt to market demand. Consider investing in solutions that help reduce the amount of waste generated.
There is a growing call for companies to take action against climate change. Technology enables communities and companies to adopt simple solutions that can help support their mission to reduce their impact on the environment and create a better place for future generations to live, work and grow.