Cutting-edge digital platform will monitor and forecast emissions in real-time promises to fortify ESG data strategies
More and more firms, especially those within the global mining space, are realizing the importance of proper Environmental, Social, and Governance (ESG) protocols. At the forefront of that drive is data – lots of it.
Without data, ESG can falter. Proving this point, Orica, a global manufacturer of commercial explosives and innovative blasting systems, recently extended its relationship with the technology firm Cognizant, known for its ESG forecasting technology.
Tapping into scope 1 and 2 greenhouse gas (GHG) emissions data, Cognizant’s future-forward technology will be key for Orica as it works towards its net zero strategy (publicized as the Kooragang Island Decarbonization Project).
“There is a growing market-driven need for large organizations in the resources industry to understand, report on, and reduce their carbon footprint,” said Chris Crozier, Chief Information Officer at Orica.
“As a major supplier to mining and construction companies, Orica also has an important role to play in reducing overall greenhouse gas emissions.
“As such, we needed a trusted partner with a similar focus on ESG goals and sustainability and one with an expertise in data analysis, Artificial Intelligence (AI), design, and the Internet of Things (IoT).
“We look forward to working with Cognizant to help us achieve our own sustainability objectives, while we look for ways to support our customers meeting their own goals.”
But the relationship is not new; previously, the tech company has worked with Orica to move its IT infrastructure over to a cloud-based platform, enabling the explosives expert to optimize operations and become even more agile.
The new agreement will now leverage existing Orica assets to provide ground-breaking ESG data, capturing and curating GHG emissions information to track output against the Australian Carbon Credit Units scheme.
Jonathan Smith, Sustainability Lead at Cognizant, also commented: “Core to our company’s purpose of engineering modern businesses to improve everyday life is our commitment to embed sustainability into our thinking, decisions, and actions.
“Growing numbers of customers, investors, regulators, and governmental bodies now expect corporations to make measurable progress toward reducing their greenhouse gas emissions.
“To do so, these companies will need to transform their product and technology strategies, supply chains, logistics models, and more.
“Data is a crucial factor that allows companies to analyze their current emissions and measure against ESG goals over time, and we are incredibly proud of having been appointed as the data, AI, and analytics partner for Orica to be able to measure Orica’s ESG efforts to reduce its carbon footprint.”