This article is sponsored by Siemens.

Looking toward the upcoming climate talks at COP28, businesses across the globe are focusing on the shared responsibility of climate action. To drive it, we must move fast and together — something that more companies and communities are doing by committing to net zero. 

At Siemens, our net-zero journey started in 2015, before we had all the answers to the many tough questions about decarbonization. Today we still don’t have all the answers — even as we accelerate timelines and aim higher with our ambition to green factories, offices, vehicle fleets and supply chains. But we now have many more answers than when we started, and we’re using them to advance our own sustainability goals and help others with theirs.  

The promise of digitalization

Shaping our view that climate change can be addressed in the limited time we have left is our ability to combine the real and the digital worlds. The more we work on real world challenges using digital tools like those that help organizations monitor their carbon footprint, the sooner we will achieve net zero and do our part to build a sustainable future. This is the promise of digitalization.  

Reaching sustainability goals requires rethinking business to decarbonize and do more with less — all while growing the bottom line. And with collaboration and transparency, organizations can move quickly to advance their energy efficiency and achieve their targets. 

Digitalization at work

A recent study of 1,400 executives globally found that, while decarbonization is a top priority within the infrastructure transition, less than half of executives expect to meet decarbonization targets by 2030. However, nearly half of the respondents believe digitalization has significant or massive potential to support progress in energy efficiency, productivity and decarbonization within their organizations