ARLINGTON, Va., May 4, 2022
/PRNewswire/ -- Industrial companies consume over half of the
energy and produce one-fifth of greenhouse gas emissions globally,
giving the sector a significant opportunity to support climate
initiatives. A new report from Manufacturers Alliance Foundation
and Infosys (NYSE: INFY), "Delivering on Carbon Neutral Goals,"
outlines the progress manufacturers have made to-date on reducing
carbon emissions across three scopes: direct emissions, indirect
emissions from electricity purchases, and indirect emissions
derived from a manufacturer's value chain. The report also shares
steps on how manufacturers can move forward in reducing emissions
and provides examples from manufacturing executives across sectors
at various stages in their carbon neutrality journey.
"The manufacturing sector is an important player in helping
reduce the global carbon footprint," notes Stephen Gold, President and CEO of Manufacturers
Alliance. "This report shines a light on where U.S. manufacturers
are today and how they can continue to support sustainability and
growth."
Findings include:
- 45% of manufacturers are exploring how to expand their carbon
footprint initiatives, with 28% already expanding initiatives
beyond factories.
- The aerospace and automotive industries are ahead of the pack
with over 30% of respondents, (which is more than double other
industries covered in the survey), saying they are tracking across
all three scopes of emissions.
- 94% of respondents noted that capturing a product's carbon
footprint was difficult as only 28% have a system in place to track
the carbon footprint of their products.
- Digital technologies were identified as a key resource for
emission tracking, with four stages of maturity identified in the
digitalization journey. 45% of respondents are already using data
to track and monitor emissions.
"Providing visibility and insights from manufacturing operations
data is key to accelerating progress on sustainability goals," says
Jasmeet Singh, Executive Vice
President and Global Head of Manufacturing, Infosys.
"Digitalization tools will enable manufacturers to meet the
sustainability goals while continuing to optimize performance."
About Manufacturers Alliance Foundation
Manufacturers Alliance Foundation is the 501(c)(3) partner
of Manufacturers Alliance. The Alliance Foundation provides
educational opportunities for the manufacturing community and
its stakeholders through insights, events, and tools for
today's most critical business decisions. The Alliance
Foundation focuses on talent, technology, digital transformation,
and competitiveness. Learn more about the Alliance
Foundation: manufacturersalliance.org/foundation
About Manufacturers Alliance
Manufacturers Alliance powers leaders. We bring together an
unparalleled network of manufacturing executives to advance their
careers, grow their companies, and support the whole community. We
accomplish our mission through peer communities, education, and
business insights on the topics that matter most to the sector.
Learn more: manufacturersalliance.org.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in more than 50 countries to
navigate their digital transformation. With over 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 (NSE, BSE,
NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this press release are forward-looking
statements intended to qualify for the 'safe harbor' under the
Private Securities Litigation Reform Act of 1995, including
statements concerning our future business opportunities and growth
prospects. Such forward-looking statements 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
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, 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, and unauthorized use of our
intellectual property and general economic conditions affecting our
industry. Additional risks that could affect our future operating
results are more fully described in our United States Securities
and Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31,
2021. These filings are available at https://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. In addition, please note that any
forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of the date of this
press release. 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.
Media contact:
Manufacturers Alliance
Kristin Graybill
703.841.9000
news@manufacturersalliance.org
Infosys
PR_Global@infosys.com
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SOURCE Infosys
