Orica, Cognizant Ally for Digital Reporting of GHG
Cognizant Technology Solutions
Cognizant has signed a deal with Orica to provide a digital platform for reporting and forecasting greenhouse gas (GHG) emissions. The platform will use agile methods and provide real-time information on scope 1 and 2 emissions. The project aims to help Orica with its environmental, social, and governance (ESG) data strategy.
Cognizant will be using Orica's Microsoft Azure data lake as part of its agreement with the company. The aim is to create a single ESG data platform for Orica that will allow the company to manage its greenhouse gas emissions data.
This platform will help Orica monitor, report, and forecast its GHG emission reductions and track the creation of Australian Carbon Credit Units. The project is crucial to Orica's Net Zero strategy and its AUD 37 million (USD 27 million) Kooragang Island Decarbonisation Project.
"There is a growing market-driven need for large organisations in the resources industry to understand, report on, and reduce their carbon footprint. As a major supplier to mining and construction companies, Orica also has an important role to play in reducing overall greenhouse gas emissions," said Chris Crozier, Chief Information Officer, Orica. "As such, we needed a trusted partner with a similar focus on ESG goals and sustainability and one with expertise in data analysis, AI, design, and 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 in meeting their own goals."
"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," said Jonathan Smith, Sustainability Lead, ANZ, Cognizant. "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 analyse 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."
Orica has installed catalyst abatement technology at its nitric acid production facility on Kooragang Island to reduce greenhouse gas emissions, specifically nitrous oxide. This decarbonisation initiative is expected to result in a cumulative reduction of 4.7 million tonnes of CO2 by 2030, equivalent to 1% of Australia's annual carbon footprint or avoiding emissions produced by 35,000–50,000 homes per year.
Cognizant has been previously engaged by Orica to move its IT infrastructure to the cloud for increased efficiency, agility, and business impact, as well as to optimise operating costs. The new project with Cognizant will help Orica track and monitor the emissions reduction progress.