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Schneider Electric to Host Innovation Day 2021, Emphasize Link Between Digitisation, Sustainability

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By Olushola Okunlade

Schneider Electric, the leader in digital transformation of energy management and automation, will be hosting its 2021 Innovation Day come July 6, 2021. 

The live virtual event will bring together thought leaders from around the world and across industries to discuss and deep dive into digitization and how it can be used to drive business growth and operational stability, having sustainability at the core. 

The event will feature a line-up of local and international speakers, including conservationist and polar adventurer Robert Swan, digital analyst and anthropologist Brian Solis, author and lecturer at Oxford University Rachel Botsman, and Executive Vice President of Secure Power at Schneider Electric Pankaj Sharma.

The speakers will share their insights on topics, ranging from the use of digital technologies to power a more sustainable and resilient future; building trust through digital transformation; and the role of sustainability leadership to keep companies relevant.

“Digitization empowers us to gain our edge, stay competitive and thrive in the new normal. The potential is undeniably tremendous, especially in delivering environmentally added value to our customers,” said Pankaj Sharma. “Today, sustainability is crucial to enterprise viability. With a proper strategy in place, digitization can deliver a clear path to business growth while minimizing impacts on the environment.”

Commenting on the upcoming Innovation Day 2021 for Pacific, Ziad Youssef Middle East and Africa Vice President of Secure Power and Segments at Schneider Electric said, “The journey to sustainability begins with digitization. Business and IT leaders need to see this as an opportunity to build resilience into their strategy, allowing their company to move towards goals such as net-zero energy, and net-zero carbon. While these ambitious targets were once markers of a sustainable business, they are now markers of a smart business,” 

Participants can also learn about the latest solutions from Schneider Electric such as the Galaxy VL and the EcoStruxure Micro Data Center 43U, as well as take on practical sessions covering the latest on how to implement tomorrow’s solutions today. There will also be breakout sessions and networking opportunities for IT and data centre professionals, IT solution providers, as well as facility managers, electrical consultants and contractors.

Schneider Electric’s Innovation Day tours hosted up to 8,000 attendees in the previous years. In 2020, the event focused on digitization in building and driving resiliency in the wake of the changing landscape.

Schneider Electric’s purpose is to empower all to make the most of its energy and resources, bridging progress and sustainability for all. The company calls this “Life Is On”.

Through integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle and enabling integrated company management for homes, buildings, data centers, infrastructure and industries, Schneider Electric has proven efficacy of digital transformation.

The company is an advocate of open standards and partnership ecosystems that are passionate about its shared  meaningful purpose, inclusive and empowered values.

Energy

Shell Plc Announces Executive Committee And Directorate Changes

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Olushola Okunlade Writes

Shell Plc. is to reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify the organisation further and improve performance as we deliver our Powering Progress strategy.

Under the changes, which are expected to take effect on 1 July 2023, Shell’s Integrated Gas and Upstream businesses will be combined to form a new Integrated Gas and Upstream Directorate led by current Upstream Director, Zoe Yujnovich. The Downstream business will be combined with Renewables & Energy Solutions to form a new Downstream and Renewables Directorate led by current Downstream Director, Huibert Vigeveno.

Separately, the Strategy, Sustainability, and Corporate Relations (SSCR) Directorate will be discontinued and its Director, Ed Daniels, will step down from the EC effective 1 July 2023, and leave Group service thereafter. The strategy will be brought together with New Business Development and, alongside Sustainability, will report directly to Sinead Gorman, Chief Financial Officer, enabling more streamlined planning and better capital allocation decisions. Corporate Relations will report directly to Wael Sawan, Chief Executive Officer. We thank Ed for his distinguished service over more than 34 years and wish him well in the future.

Wael Sawan said: “I’m making these changes as part of Shell’s natural, and continuous, evolution. Our core purpose is to provide energy to our customers, safely and profitably, while helping them, and us, to decarbonise. I believe that fewer interfaces mean greater cooperation, discipline, and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors.

“Shell is a great company and we’re changing to ensure we become a great investment too. Simplifying how the organisation works, in pursuit of higher performance, is critical to achieving that.”

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Shell And BCG’s New Report Shows Accelerated Growth In Carbon Markets

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Industry Regulator Applauds Shell For Investing In Nigerian Gas Infrastructure

Olushola Okunlade Writes

The compliance and voluntary carbon markets grew at record pace over the past two years, according to a joint report by Shell and Boston Consulting Group (BCG).

The compliance market soared to an estimated value of about $850 billion in 2021, nearly 2.5 times the value in 2020 while the voluntary market value quadrupled to about $2 billion, the report showed. In 2022, the use of carbon credits continued to grow, with nearly 166 million tonnes of retirements – a record number of retirements. By 2030, the value of the voluntary market is expected to be five times bigger.

“The voluntary carbon market: 2022 insights and trends” presents new projections from BCG on growth possibilities and draws on the views of more than 200 business sustainability leaders to identify trends in the market as it expands.

“The increase in value and volume, despite the current economic headwinds, is a sign of the growing importance of the voluntary carbon market,” said Nick Osborne, General Manager, Global Environmental Products, Shell. “We are seeing a concerted effort from businesses to build sustainable carbon credit strategies that they and their stakeholders have confidence in. We want to leverage that focus to help build a highly credible, scaled-up, and transparent carbon market that supports a net-zero emissions future.”

The projections in the report demonstrate accelerating demand and a tightening of supply. Where previous projections had shown demand for credits starting to outstrip supply in 2024, data from 2021 shows this may happen even earlier for some classes of credits, thereby driving up demand particularly for nature-based credits.

Anders Porsborg-Smith, Managing Director and Partner, BCG, said: “As the market continues to grow at an accelerated pace, it will become increasingly important to grow with integrity through a high grading of credit quality. Similarly, as the carbon market infrastructure becomes more complex with competing standards, compliance regulations, and Article 6 – it will be important to ensure this does not create uncertainty and inhibit long-term investment appetite in the carbon markets.”

From the survey and in-depth interviews carried out as part of the research, five key trends were identified among market participants:

  • Buyers see carbon credit spending as non-discretionary and anticipate it growing
  • Carbon credit purchasing strategies are increasingly being influenced by industry groups
  • Reputable monitoring, reporting, and verification (MRV) framework is the most important purchasing criterion
  • 52% of companies expect removal credits to dominate their portfolio by 2030
  • Participants have limited clarity on the impact of Article 6 of the Paris Agreement and corresponding adjustments

The report also discusses perspectives on avoidance and removal credits, as well as gives an update on corresponding adjustments.

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Energy

Henkel Signs Agreement With Shell On Renewable-Based Ingredients For Persil, Purex, And All Brands

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Henkel signs agreement with Shell on renewable-based ingredients for Persil®, Purex® and all® brands

Shell to replace approximately 200,000 tonnes of fossil feedstocks with renewable feedstocks for cleaning ingredients used in Henkel’s largest laundry brands in North America. A third-party certified mass balance approach will be used.

    Henkel and Shell Chemical LP have agreed to a five-year collaboration to replace up to 200,000 tonnes of fossil feedstocks used in the manufacture of surfactants with feedstocks that are based on renewable raw materials. The renewable-based surfactants will be used in Henkel’s laundry product brands, including many varieties of Persil, Purex, and all brands. Surfactants are an ingredient in cleaning products that help lather and lift dirt.

    “This landmark cooperation significantly advances Henkel’s share of renewable-based ingredients in leading consumer brands in North America,” said Ulrike Sapiro, Chief Sustainability Officer at Henkel. “This is an important, concrete step toward realizing our vision of a regenerative planet through a climate-friendly business model. Working together with partners like Shell will help get us there faster.”

    Shell estimates that replacing up to 200,000 tonnes of fossil feedstocks with renewable feedstocks has the potential to reduce greenhouse gas emissions by up to 120,000 tonnes of CO2e over the length of the five-year agreement.

    Starting in 2023, up to 200,000 tonnes of renewable feedstocks will be used by Shell during a combined manufacturing process (along with fossil feedstocks) to produce surfactants. Using the mass balance approach, an independent accounting process is applied to enable Shell to attribute the total tonnes of renewable feedstocks used in the process solely to Henkel. This mass balance process and attribution will be verified by an independent, third-party certification organization such as (but not limited to) ISCC, REDcert, and SCS global services.

    “A mass balance approach is an important step to support the growth of more sustainable raw materials being used in the supply chain and support a reduction in the overall mix of fossil-based ingredients,” said Jillaine Dellis, Vice President, Sustainability & Industry Relations, Henkel Consumer Brands, North America. “We are delighted to enhance the sustainability of our top-selling consumer brands in North America through this transition to renewable-based ingredients while offering the same outstanding cleaning performance and fabric care our consumers have come to expect from Henkel.”

    Robin Mooldijk, Executive Vice President, Shell Chemicals and Products said, “This agreement represents Shell’s first-of-its-kind commercial scale deal for renewable-based chemicals anywhere in the world. I’m pleased to be working with Henkel and helping it take important steps towards achieving its sustainability goals.”

    The surfactants will be produced at the Shell Energy and Chemicals Park Norco and Shell Geismar Chemicals facility in Louisiana. Shell will use independently certified sustainable feedstocks.

    Mooldijk added, “Our collaboration with Henkel is a fantastic example of the opportunity for future growth. We are investing in our chemicals facilities, including on the U.S. Gulf Coast, to scale up Shell’s sustainable chemicals capabilities and deliver the integrated and sustainable offers our customers increasingly want.”

    To strengthen Shell’s growth in renewable-based chemicals, Shell has also taken a final investment decision to add renewable-based feedstock capability for its 3450 KTA Diesel Hydrotreater Unit (DHT) at the Shell Energy and Chemicals Park Norco. Through integration with Shell Geismar, the DHT Unit increases Shell’s capacity to produce a range of renewable-based chemicals for customers in North America and globally.

    Shell Performance Surfactants will be supplied.

    About Shell Chemicals: Shell’s global chemicals business supplies customers with a range of base, intermediate, and performance chemicals used to make products that people use every day. These finished products contribute to society’s ability to live, work, care and respond to climate change. As global demand for chemicals increases, we plan to grow our business, by understanding and providing for our customers’ needs. Our business is versatile and resilient. We have strong market positions, integrated world-scale assets, leading technologies, and a commitment to a sustainable future. References to the expressions “Shell”, “Shell’s chemicals business” or “Shell’s chemical plants” refer to multiple companies that are part of the Shell Group that are engaged in chemical or related businesses. For more information, please visit www.shell.com/chemicals.

    About Henkel in North America: Henkel’s portfolio of well-known brands in North America includes Schwarzkopf hair care, Dial soaps, Persil, Purex, and all laundry detergents, Snuggle fabric softeners as well as Loctite, Technomelt, and Bonderite adhesives. With sales close to 6 billion US dollars (5 billion euros) in 2021, North America accounts for 25 percent of the company’s global sales. Henkel employs over 8,000 people across the U.S., Canada, and Puerto Rico. For more information, please visit www.henkel-northamerica.com, and on Twitter @Henkel_NA.

    About Henkel: With its brands, innovations, and technologies, Henkel holds leading market positions worldwide in the industrial and consumer businesses. The business unit Adhesive Technologies is the global leader in the market of adhesives, sealants, and functional coatings. With Consumer Brands, the company holds leading positions, especially in hair care and laundry & home care in many markets and categories around the world. The company’s three strongest brands are Loctite, Persil, and Schwarzkopf. In fiscal 2021, Henkel reported sales of more than 20 billion euros and an adjusted operating profit of around 2.7 billion euros. Henkel’s preferred shares are listed in the German stock index DAX. Sustainability has a long tradition at Henkel, and the company has a clear sustainability strategy with concrete targets. Henkel was founded in 1876 and today employs a diverse team of more than 50,000 people worldwide – united by a strong corporate culture, shared values, and a common purpose: “Pioneers at heart for the good of generations.” More information at www.henkel.com

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