Siemens establishes network with 14 partners to decarbonize value chains.
Yet, this Hannover Messe is not about a single innovation. Isolated technological solutions will not solve the challenges of industry. Only ecosystems will: moving away from individual value capture towards joint value creation. Nowhere is this more urgent than in the fight against climate change.
According to the World Economic Forum, industrial value chains account for about 20% of total global carbon emissions. Up to 90% of the CO2 footprint of a product stems from the upstream supply chain. Industry will only achieve its decarbonization targets if it reduces its overall footprint.
That is why Siemens – jointly with other members - is initiating the first open, cross-company cooperation network Estainium for the trustworthy exchange of climate-relevant data. Founding members are Merck Group, NTT Data, Weidmüller, WTS Global, ATS Automation Tooling Systems, TÜV SÜD, Bison Forest, CircularTree GmbH, ecobrain AG, Faber-Castell, Ferdinand-Steinbeis-Institut, Friedrich-Alexander-Universität Erlangen-Nürnberg, Sustainaccount and the University of Technology Sydney.
Estainium is the first ecosystem to enable the transfer of actual PCF data on a large scale instead of relying on average data. The decentralized approach with encrypted and verifiable certificates guarantees the trustworthiness of the data and the confidentiality of the supply chain.
In addition, the partners are founding an association of the same name to meet the need for standardization and security in the exchange of CO2 footprints. The Estainium Association is based on three pillars: "Technology and Infrastructure", "Standards and Norms" and "Carbon Capture, Use, Storage and Compensation". It uses the disruptive possibilities of digitalization to eliminate economic misallocations and the unsatisfactory and incomplete state of information about the quantity and quality of emissions and resources used along the entire supply chain.
Cedrik Neike: "As an industry, we will only become climate-neutral if we know where the emissions come from. With Estainium, we bring transparency to supply chains, we work in an open ecosystem, and we harness the power of data. This is our offer to customers, partners, and competitors. This is our contribution as a company for a better future."