AVEVA, one of the global leaders in industrial software, launched its 2023 SPR- Sustainability Progress Report and the first edition of the AVEVA Industrial Intelligence Index at London Tech Week 2024, where the company advocated for an ethical and impact-driven AI aimed at increasing creativity and efficiency for a more sustainable world.
Key learnings
AVEVA 2023 Sustainability Progress Report
In 2023, AVEVA continued to advance its core ESG framework objectives. This included facilitating the sustainable transformation of industries through its software, advocating environmental stewardship and ethical best practices, and nurturing an inclusive workplace culture where each employee feels engaged and empowered to learn and develop.
This fourth edition of the report marks AVEVA’s inaugural publication of ESG data and advancements in workstreams aligned with a calendar year reporting period. It outlines the progress achieved in 2023 across AVEVA’s three key pillars: Technology impact, Operational practices, and Inclusive culture.
Technology handprint
Global Head of Sustainability, AVEVA, Lisa Wee, says “Beyond our efforts to reduce our own carbon footprint, we recognize that our biggest opportunity to make a positive impact and accelerate our journey towards NetZero is through our core products, digital solutions that can help industries improve efficiency, circularity, traceability and resilience.”
With regard to this, the company has developed a new Green Logo program that supported the deployment of clean tech activities for 25 customers in the first six months. Additionally, through 13 new case studies quantifying emissions reductions enabled by AVEVA software for customers, the company demonstrates its commitment to sustainability through tangible achievements. Lastly, hackathons held in 2023 generated 80 technology ideas focused on sustainability for future innovations.
In 2023, AVEVA also launched its Sustainability Accelerator program, aimed at advancing sustainability use cases and capabilities across the company’s portfolio and partner ecosystem, including through AVEVA’s industrial intelligence platform, CONNECT.
Director of Sustainability in charge of the program, Joana Mainguy, says “AVEVA’s Sustainability Accelerator program aims to enable faster uptake of existing sustainability solutions across the industrial landscape, while we continue to invest in product capabilities and partnerships that will push out the frontiers of sustainability innovation for industry.”
Finally, AVEVA has pioneered a new standard for green software: since the end of 2023, 31% of its portfolio has built-in power consumption measurement technology.
Operational footprint
In 2023, AVEVA achieved 4 out of its 15 ESG targets for 2025, notably a 93% reduction in scope 1 and scope 2 emissions through various initiatives: the company procured 100% renewable electricity globally as per RE100 criteria, reduced its overall fleet by 21% over the year, and transitioned hybrid or electric vehicles to account for 25% of the remaining fleet. Significant milestones in reducing upstream emissions include a 36% decrease in purchased goods and services and a 49% decrease in business travel emissions, surpassing the 2025 ESG goal of a 20% reduction.
Regarding scope 3 emissions, AVEVA integrated e-waste data into its inventory under the waste category, marking another substantial achievement:
“Our initial target of diverting 5 tons of e-waste from landfill in 2025 was surpassed by 22.75 tons in 2023. 100% of e-waste sent to our disposal partner is now diverted from landfill.” explains Wee
Inclusive culture
AVEVA’s commitment to developing a workplace environment where all employees feel included and are treated with dignity and respect is also highlighted in the report.
“Globally, with 39.9% of new hires, 29% of managers and 26,5% of leaders being women, AVEVA has significantly increased gender representation in 2023 and will continue in this direction to raise these numbers to 50% of new hires, 40% of managers and 30% of leaders by 2030. Besides, we have reached our goal of less than 1% pay equity, and it currently stands at 0.5%.” comments Wee
In addition, AVEVA demonstrated its commitment to society by donating £310,000 to causes supported by AVEVA employees’ communities around the world.
AVEVA also achieved key milestones in various regions. In the US, the company has developed a partnership with two Historically Black Colleges and Universities (HBCUs) for an ‘AVEVA Scholars Program’. Over three years, the program will offer scholarships and immersive onsite experiences, paving the way for talented Black scholars in Engineering and Computer Science to join the AVEVA team upon graduation. The pilot will kick off in mid-June 2024 and will include 12 students.
AVEVA industrial intelligence index report
At London Tech Week 2024, AVEVA launched its first annual AVEVA Industrial Intelligence Index.
AVEVA CEO, Caspar Herzberg, declares “AVEVA has been supporting the industrial world for more than half a century. Listening to our customers’ needs and understanding their challenges is how we innovate and develop tailored solutions that will help them cope with current and future challenges. With more than 25 000 customers across all industries, we have built a unique expertise. Today I’m delighted to introduce our first AVEVA Industrial Intelligence Index Report. Our ambition is to issue this report every year to help C-suite executives, business unit leaders, and strategic decision-makers leverage industrial intelligence and succeed in the digital age, with inspiring insights about how industries transform towards a more sustainable future.”
Based on research conducted with 500 global industry executives across Europe, North America, and Asia Pacific, this inaugural edition provides valuable and actionable insights into the power, manufacturing, infrastructure, and chemicals sectors. Featuring commentary from AVEVA’s experts and leaders, the report reveals macro trends and discusses the catalysts for change and innovation. It also highlights case studies that illustrate successful digitalization initiatives and outlines strategies to enhance innovation and efficiency, guiding the path towards a more sustainable and profitable future.
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