• AVEVA is releasing its fifth annual sustainability report, showcasing how industrial intelligence plays a pivotal role in addressing the world’s climate challenges
• As of 2024, AVEVA has completed green product design maturity assessments for all its products and has measured the emissions intensity for 85% of its solutions
• AVEVA maintained a 93% reduction in scope 1 and 2 emissions

AVEVA, a global leader in industrial software, has launched its 2024 Sustainability Report. Alongside a substantial update on progress against the company’s targets and green product roadmap; the report shows how software, which enables companies to unify trusted information and insights, can drive responsible use of the world’s resources.

AVEVA’s 2024 Sustainability Report, revealed significant progress across all three pillars of the company’s sustainability framework: technology handprint, operational footprint and inclusive culture.

In 2024, the company maintained its 93% reduction in scope 1 and 2 emissions against its baseline year through a combination of measures including: the pivot to using renewable energy, careful management of office space and fleet optimisation.

By the end of 2024, AVEVA had assessed the maturity of its entire product portfolio against the Green Software Foundation’s principles, reinforcing its commitment to sustainable software development.

In parallel, research and development teams had completed power bench testing for 85% of its products to evaluate energy consumption.

Combined, these efforts are helping to establish a baseline that will guide future improvements aligned with green software principles.

“We believe that sustainability and business success go hand in hand,” says Caspar Herzberg, CEO, AVEVA. “We’re focused on helping our customers harness the full potential of industrial intelligence, bringing visibility and insight to complex data and processes. This empowers the industry to achieve measurable improvements in both efficiency and productivity, unlocking significant savings in costs, emissions and resource requirements. AVEVA’s 2024 Sustainability Report demonstrates the strides we’ve made to deepen our technology handprint, reduce our operational footprint and advance our inclusive culture.”

AVEVA recognises that its biggest opportunity to make a positive climate impact is through its core products and customers.

For the first time, the company has released an annual saved and avoided emissions figure, reflecting the material energy savings observed for a specific portion of its products.

AVEVA reiterates its commitment to refining and expanding this calculation of measurable saved and avoided emissions over time.

“As we enter the final year of our 2025 targets, we’re focused on meeting our goals and chartering an even bolder path with our sustainability framework. We know that the biggest impact comes from our software handprint – how we work with our customers to enable them to drive decarbonisation, become more resilient and support circularity. This is why we’re publicly reporting our 2024 customer saved and avoided emissions data for select industry sectors. We’re committed to expanding our methodology to capture and quantify our broader impact. At AVEVA, we are continuing to advance towards a sustainable future, driving digital transformation through our software and leading by example with responsible operations,” adds Lisa Wee, CSO, AVEVA.

Read more here.

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AVEVA, a global leader in industrial software, driving digital transformation and sustainability, will demonstrate at COP28 how leveraging data in a connected industrial economy can accelerate the path towards a sustainable future.

AVEVA is a gold sponsor of the International Chamber of Commerce pavilion within the Blue Zone of the United Nations Conference of the Parties, in Dubai, UAE, with the aspiration of building bridges between developed economies and the global south.

AVEVA’s leaders will highlight how digital solutions can minimize CO² emissions of existing industrial infrastructure while maximizing efficiency across the value chain and delivering measurable cost savings that can be reinvested in clean technologies.

AVEVA’s delegation at COP28 will be led by CEO Caspar Herzberg along with Lisa Wee, Head of Global Sustainability; Harpreet Gulati, Senior Vice President, Head of PI System Business; Evgeny Fedotov, Senior Vice President, EMEA; and Nayef Bou Chaaya, Vice President MEA.

Caspar Herzberg, CEO of AVEVA, said: “The world must dramatically cut waste. The industrial sector accounts for a quarter of global emissions. Every day, our customers prove that digitalization enables industrial companies to drive measurable carbon reductions, including for traditionally energy-intensive industries.

“At AVEVA, our ambition is to accelerate low-carbon innovation, and to drive circularity and efficiency across the value chain. We want the software we create to transform how industries are designed and how they operate, to accelerate climate action and reduce inequalities. Forging partnerships with businesses, governments and civil society leaders here at COP is critical to build forward-thinking, collective solutions that accelerate climate action, worldwide,” Herzberg said.

Evgeny Fedotov, Senior Vice President, EMEA, at AVEVA, added: “Collaboration is essential to driving efficient global value chains – collective action is also essential to drive decarbonization. This is why we want to be part of the conversation at COP28 to advance necessary and inclusive climate progress by building bridges across international communities.

“As a driving force toward a more sustainable world, COP28 is a milestone moment for the world to take stock of its progress on the Paris Agreement. We are eager to engage with world leaders, governments, and our technology peers, to drive insightful discussions on how together, we can accelerate the transition to a sustainable future.”

Nayef Bou Chaaya, Vice President MEA at AVEVA, said: “While AVEVA helps industrial customers optimize their existing processes and operations, we drive innovation, opening up new industry frontiers, that leverage emerging green technologies.

“Our software empowers teams with connected insights so that they can make the best decisions at speed, ensuring the resilience and efficiency that in turn drive sustainable success. The positive impact our solutions bring to customers is our single biggest opportunity to make a difference in the world.”

Lisa Wee, Head of Global Sustainability at AVEVA said: “At AVEVA we want to lead by example in the fight against climate change. We have already cut our scope 1 and 2 GHG emissions by 93% and we are actively working to reduce the environmental impacts of our value chain. We have made significant progress in delivering solutions that are low carbon by design and have in-built capabilities to enable industries to decarbonize, drive circularity and adapt to the impacts of global warming.”

“Exchanging insights and forging partnerships with forward-thinking businesses, governments and civil society leaders is critical to finding solutions that increase the scale and scope of climate action across the globe. COP28 is an ideal forum to have these discussions, given the breadth of stakeholders convened alongside key national and international policymakers capable of actively contributing to our collective endeavor for decarbonization.”

Harpreet Gulati, Senior Vice President, and Head of PI System Business at AVEVA, said: “Harnessing the potential of green hydrogen could avoid up to 80 gigatons of cumulative CO² emissions by 2050, contributing to as much as 20% of total abatement required to drive the net-zero economy. The hydrogen sector will require a new transportation, distribution, and regulatory approach to operate successfully as an alternative fuel. Combining this with the latest digital twin and AI-enhanced capabilities, industries can discover new paths to drive efficiency and decarbonize.”

During COP28, AVEVA executives will participate in various panels aimed at defining a clearer roadmap to a better future through digitalization.

The post AVEVA Stresses Critical Role of Digitalization to Fast-track Industrial Decarbonization appeared first on Tech | Business | Economy.

With more than 25 years’ software and industry experience, Caspar brings a deep understanding of how technology can transform and reshape industries, enabling innovation and driving responsible use of resources.

Caspar joined AVEVA in 2021 as Chief Revenue Officer and assumed the role of Chief Operating Officer in 2022. AVEVA has recently been acquired by Schneider Electric, and as AVEVA CEO, he will also be a member of the Schneider Electric Executive Committee.

Prior to joining AVEVA, Caspar led all aspects of Schneider Electric’s business in over 80 countries as President, Middle East & Africa.

He started his business career at Accenture based out of its London office and worked in extensive digital transformations for the global energy sector.

At Cisco, Caspar Herzberg led sales and services for over ten years, developing smart cities strategies, technology innovation and business master plans for the private and public sector in China, Asia, Japan, Australia, the USA, and Europe.

Caspar replaces Peter Herweck, who will become CEO of Schneider Electric from May 4th, 2023.

Caspar Herzberg, CEO of AVEVA, said: “It is a privilege to take over from Peter Herweck, who has led the company through a time of transformation and renewal. We have a great opportunity ahead of us, having brought together three market-leading software portfolios– Schneider Electric Software, AVEVA and OSIsoft. We are now one of the world’s top industrial software providers, trusted by over 90% of industrial companies from energy, water and food to manufacturing, pharmaceuticals and smart cities. We plan to drive value for our customers with integrated data, AI-infused applications, accelerating their journey to the cloud and providing Software-as-a-Service (SaaS) to reduce total cost of ownership.

“My vision for the future is a completely connected world, where industrial teams use integrated data to collaborate beyond their own four walls. Together with suppliers, partners and customers, they uncover new synergies, reduce waste and create new opportunities. At AVEVA, we are uniquely positioned to enable our customers to thrive in this new connected industrial economy. I’m looking forward, alongside our hugely talented teams, to empowering our customers to design better, operate more efficiently and solve the most critical challenges for industry, infrastructure and our planet.”

Fast facts about AVEVA

• One of the world’s largest industrial software companies
• Founded in Cambridge, UK in 1967 to empower industry with advanced technologies
• Over 50 years of innovation, with 169 patents awarded, to date
• Named one of World’s Most Innovative Companies (Fast Company, March 2022)
• Europe’s first software company to have net-zero commitments validated by the SBTi
• Over 20,000 customers and 5,000 partners in more than 100 countries
• 6,500 employees in over 30 countries across Americas, EMEA and APAC
• FY22 revenue £1,185.3m
• Schneider Electric acquired AVEVA in January 2023

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