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Tag: 2050

Samsung pledges to become carbon neutral by 2050

Posted on by dishanth
Samsung pledges to become carbon neutral by 2050

Samsung has made a commitment to achieve net zero carbon emissions for the whole company by 2050 and will spend US$5bn to do so
South Korea’s Samsung Electronics has announced an environmental strategy to achieve net zero carbon emissions by 2050.

The company intends to spend more than KRW7tn (US$5bn) over the next seven and a half years to achieve that goal. This money will go towards reducing process gases, conserving water, expanding electronic waste collection and reducing pollutants.

By reaching net zero direct and indirect carbon emissions, Samsung Electronics expects to reduce the equivalent of about 17 million tons of carbon dioxide-equivalent (CO2e) emissions based on 2021 figures.

“The climate crisis is one of the greatest challenges of our time. The consequences of inaction are unimaginable and require the contribution of every one of us, including businesses and governments. Samsung is responding to the threats of climate change with a comprehensive plan that includes reducing emissions, new sustainability practices and the development of innovative technologies and products that are better for our planet,” said Jong-Hee Han, Vice Chairman and CEO of Samsung Electronics.

 

 

Developing technologies for a better planet
The company plans to develop new technologies to reduce process gases — a byproduct of semiconductor manufacturing — and install treatment facilities on its semiconductor manufacturing lines by 2030.

Samsung Electronics has also joined RE100, in an effort to reduce indirect carbon emissions from power consumption, and aims to match electric power needs with renewable energy by 2050 for all operations globally.

The company will implement low-power technologies in major models of seven consumer electronics products — smartphones, refrigerators, washing machines, air conditioners, TVs, monitors and PCs, with the goal of lowering power consumption levels by an average of 30% in 2030 compared to products with the same specifications in 2019.

To ensure accountability, Samsung Electronics will have its efforts objectively verified by designated organisations. Its performance will be assessed via participation in the Samsung Institute of EHS Strategy’s certification system and verified by a Carbon Reduction Verification Committee that includes third-party experts.

 

 

Source Sustainability

Infosys turns carbon neutral 30 years ahead of 2050, the timeline set by the Paris Agreement

Posted on by dishanth
Infosys turns carbon neutral 30 years ahead of 2050, the timeline set by the Paris Agreement

Infosys (NYSE: INFY), the global leader in next-generation digital services and consulting, published its Environmental, Social and Governance (ESG) Vision for 2030. This announcement is part of Infosys’ long-standing commitments focused across core areas: climate change, technology for good, diversity and inclusion, energizing local communities, ethics and transparency, data privacy and information management. This legacy of purpose and impact has inducted the company into the prestigious Dow Jones Sustainability Indices (DJSI) and made it part of the DJSI World and DJSI Emerging Markets Indices.

As part of its ongoing Environmental, Social and Governance efforts, including leveraging renewables, orchestrating energy efficiencies and driving unique fully funded community-based carbon offset projects, Infosys is now carbon neutral in compliance with PAS 2060 standards. According to The Lawrence Berkeley National Laboratory, Infosys’ work campuses are some of the most energy-efficient in the world. In fact, over the past years, the company has reduced its per capita electricity consumption by over 55 percent with the ambition to transition to renewable energy. It is the first Indian signatory to the RE100 global campaign. Infosys has also successfully developed a portfolio of community-based carbon offset projects. These focus primarily on socio-economic development of rural communities and contributions to the UN Sustainable Development Goals. The projects not only address climate change, but also benefit over 100,000 rural families.

 

Infosys, since inception, has recognized that the integration of ESG factors in corporate and business decision-making is an ongoing commitment.

  1. R. Narayana Murthy, Founder – Infosys, said, “Longevity and success for a company comes from living in harmony with the context in which it operates. Right from the first day, Infosys has recognized and fulfilled its responsibilities towards overcoming the challenges in our context. It has also taken on new responsibilities like reducing carbon emission, improving air quality, optimally using water and solar power. The Infosys Foundation has helped the poor by addressing their needs in education, healthcare, nutrition and shelter as well as providing shoulder to the efforts of our governments during times of disaster. Today, nearly four decades after embracing these values, I am happy that Infosys continues to strive hard for these values to make our context better.”

 

Nandan Nilekani, Co-founder and Chairman, Infosys, said, “Infosys has always balanced success as a business with unwavering focus on exemplary governance and responsiveness to the needs of the ecology and society. As an early proponent of responsible business, we understand our obligation to integrate ESG factors into what we do, which is only increasing in importance particularly in the wake of COVID-19.  Our company began to take action to combat climate change in 2008 and I am delighted to announce Infosys’ carbon neutrality in 2020. Today, our 2030 vision reflects how ESG will continue to be integral to Infosys’ sustainable business performance.”

To understand Infosys’ ESG priorities better, watch this video. To learn more about Infosys’ ESG efforts around the world, see Infosys ESG Vision 2030.

Highlights of ESG Achievements:

  1. In FY2020, over 44 percent of Infosys’ electricity consumption was met through renewable energy sources. The company also invested in 60 MW of solar PV capacity.
  2. Over 700,000 students from India’s engineering colleges advance their digital skills on InfyTQ – Infosys’ next-gen learning platform, as part of the company’s social commitment to reskilling and facilitating job creation.
  3. Infosys ranked number three on the 2019 Forbes ‘World’s Best Regarded Companies’ list based on its trustworthiness, honesty, social conduct, fairness to employees and performance of its products and services.
  4. Infosys Foundation and Infosys Foundation USA spend over $55 million each year on impactful projects focused on education, healthcare, rural development, destitute care and art & culture.

 

Salil Parekh, Chief Executive Officer, Infosys, said, “As a progressive business committed to the well-being of stakeholders, Infosys is incredibly proud of the investments its founders have made to make the business truly sustainable and socially responsible. The company’s ESG roadmap for 2030 reflects its continued aspiration to be a well-governed model organization for diverse talent with an inclusive workplace and community strategies to leverage technology for good.”

Highlights of Ongoing ESG Goals:

  1. Continue to be carbon neutral across Scope 1, 2 and 3 emissions every year. Eliminate 75 percent Scope 1 and 2 Greenhouse Gas emissions and reduce by 30 percent absolute Scope 3 Greenhouse Gas emissions.
  2. Expand reskilling initiatives to empower 10 million-plus people with digital skills and 80 million-plus lives with technology for good programs in e-governance, healthcare, and education.
  3. Nurture an inclusive and gender-diverse workforce with at least 45 percent of women employees.
  4. Continue to bring the interests of all stakeholders to the fore through an empowered, diverse and inclusive Board.
  5. Further strengthen data privacy and information security standards across global operations, having been awarded the accredited certification on ISO 27701 by Bureau Veritas Certification (BVC)

 

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

 

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations, and plans for navigating the COVID-19 impact on our employees, clients, and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our the United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2020. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

 

Source: Eco Voice

India has a looming air con headache. Does antiquity hold the solution?

Posted on by dishanth
India has a looming air con headache. Does antiquity hold the solution?

As the climate crisis makes the world hotter, people are looking to stay cool. By 2050, there could be three times as many air conditioning units on the planet as there were in 2018. But are an estimated 5.6 billion units — and their accompanying energy demands — really the answer?

In India, for example, the International Energy Agency believes air conditioning could account for 45% of peak electricity demand by 2050 unless things change. The vast majority of India’s electricity supply still comes from coal (although heavy investment in renewables is underway). Pair dirty energy with hydrofluorocarbons, the highly-potent greenhouses gases used in air conditioning units, and you have a solution that’s compounding the problem in the long term.
Luckily there’s people like New Delhi architect and designer Monish Siripurapu. The founder of Ant Studio is looking at the issue of cooling and is looking back — way back — for answers.
India is no stranger to passive cooling systems: the famous stepwells of Rajasthan have used water evaporation to offer relief from the heat for over 1,500 years. Jaali, a type of latticed screen filtering sunlight indoors, are another centuries-old method of keeping cool. But for his solution Siripurapu turned to the Ancient Egyptians, who would fan a porous jar of water to produce cool air.
A beehive-like terracotta cooling structure being built in Noida, Uttar Pradesh. Credit: Ant Studio

 

Dubbed the CoolAnt, Siripurapu’s system comprises a honeycomb-like network of terracotta tubes. Water is circulated by an electric pump over the surface of the structure, inspired by a beehive for maximum surface area, he explains. Water evaporates from the terracotta surface when air passes through the tubes, cooling the air.
The studio’s cooling system was first conceived for factories and places where machines throw out hot air. With temperatures in summer upward of 50 degrees Celsius near the air exhausts, the CoolAnt system can reduce the heat to the mid-30s Celsius, its creator claims.
Ant Studio’s first model in a factory in Noida, Uttar Pradesh, is topped up with 200 liters of water every week, recycled by the factory, and used 3-4 hours a day, six days a week, explains Siripurapu.
An example of the CoolAnt natural ventilation system using rectangular terracotta as the evaporation surface. Credit: Ant Studio

 

“We are trying to re-adapt this in multiple places for different needs,” says Siripurapu. “We have implemented (it) in a café, in a school, and we have done one in a residence.”
Ant Studio’s work is also providing custom for local potters, who Siripurapu says are losing out to advanced manufacturing techniques. Typically, one cooling system requires around 700 tubes. Siripurapu says the studio is looking to scale up, and is fundraising and consulting with organizations like the United Nations Environmental Programme.
There is growing interest in a return to vernacular architecture, using localized methods and materials, and bioclimatic architecture, designing to take account of the local climate without needing to use additional energy to cool or heat buildings.
A traditional wind tower, or “barjeel,” in Dubai. The structure is open-sided at the top, with an interior dividing panel encouraging a cooler breeze to divert down into the building while air pressure forces warmer air up and out of the other side. Credit: KARIM SAHIB/AFP/AFP/Getty Images

 

In South East Asia, T3 Architecture Asia has designed affordable apartments in Ho Chi Minh City, and hotels in Cambodia and Myanmar, that feature ventilated roofs, fiber-glass insulation and open-air corridors negating the need for air con. At Expo 2020 Dubai next year, national pavilions will use numerous zero-energy cooling methods, including one inspired by “barjeel” wind towers, a concept that dates back 5,000 years.

“Civilization,” Siripurapu says, “cannot continue to build the same way that we are doing.”
“Unfortunately, as an architect, we are used to looking at a single client … we don’t really look at the bigger picture,” he adds. “The motivation now, what we are trying to do, is (see) how our spaces, our interventions, can actually impact millions of people.”
“We can still be very sustainable and make something really good.”

 

Source: edition.cnn.com