ET Sustainability Forum: Tech to play key role in helping companies and countries cut carbon footprint, say top execs
ET Sustainability Forum.
Today’s technological advancements in data capturing and data management using internet of things (IoT) are helping companies monitor all the operations in real time to track performance and improve energy efficiency, said Dr Pradeep Panigrahi, Head, Corporate Sustainability, Larsen & Toubro.
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Beyond helping improve efficiency and thus cutting emissions, these measures also tend to have economic benefits in many cases, he said.
“I am a big promoter of sustainability as a profit centre. I’ve been talking about this for the last 15 years,” he said. “In my personal experience, I have implemented 10 or 15 sustainability projects where there has been a good amount of either reduction in cost or improved profitability.”
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Not just better profitability, sustainability measures can also lead to value creation and revenue enhancement, said Abanti Sankaranarayanan, Chief Group Public Affairs Officer and Member of Group Executive Board, Mahindra & Mahindra.
For instance, the electrification of mobility to reduce emissions has led to the creation of a new industry of which Mahindra
