Climate change
Climate change has become a major concern for all sectors of life including social and industrial. Various sectors of the economy now have to consider their carbon footprint and how their methods are contributing to climate change. Manufacturing is a resource-intensive process that also releases massive amounts of gas emissions as by-products. So What Are Manufacturing Companies Doing to Combat Climate Change?
-
Transparency
-
Audit and report
GHG Protocol Corporate Accounting and Reporting Standard to follow
-
Information
reliably compare carbon emissions and the impact of sustainable measures taken
-
Corporate Social Responsibility
Corporate Governance guidelines, providing the information to the public and the company's stakeholders such as shareholders.
-
-
Reduce CO2 Emissions
-
Using hydrogen
Reduction of CO2 emission by using hydrogen as a reducing agent instead of coal in the blast furnace process. Apart from reducing CO2 emissions, the change has the potential to save users up to 20% in production costs.
-
Blast furnace to direct reduction
Another method used to reduce CO2 emissions is the conversion of the blast furnace to direct reduction. This process produces sponge iron which can be processed into crude steel and saves the company between 20 and 30% in production costs.
-
-
Streamline Supply Chain
-
Contribution of suppliers
Include the contribution of suppliers in calculation and reduction of the carbon footprint and streamline their activities to be energy efficient and minimize the emission of greenhouse gases to the atmosphere.
-
Social and regulatory changes
This process will however need to be multifaceted and involves the cooperation of: Manufacturers, Suppliers, Government agencies, Regulators, Innovators.
-
