SEPARATED FROM EACH OTHER FOR FAR TOO LONG
Syngroup Management Consulting
Business Transformation I Digital Transformation I Restructuring I Transaction Services I Internationalization
Finance and operations are now coming together for more sustainable industrial production - a long-needed change of course, says Walter Woitsch, Managing Director of Syngroup.
In industrial companies, sustainable investments are the responsibility of the CFO, efficient operations of the COO. For an optimised CO2 footprint, the two areas, which have been separated for far too long, are now coming together.
In the context of constantly tightening regulations at the European level, the ESG criteria (Environment, Social and Governance) for investment projects require the finance and legal departments to provide verifiable indicators in order to be able to classify the sustainability of the projects. In Operations, "We have to become more efficient!" is already an eternal mantra. Efficiency here also means the greatest possible reduction of the footprint through resource conservation and optimised processes and supply chains.
The digitalisation of the production footprint can bring cost savings of up to 15%, much of which has a direct impact on emissions, e.g. by reducing logistics costs. A prerequisite for this is the use of active energy management systems. And a look at the overall equipment effectiveness (OEE) of European companies in series and process production shows: as long as the de facto production time is still below 70% in some cases, there is still a lot of room for improvement. Technological development and increased efficiency make a significant contribution to reducing CO2 emissions.
?The commentary was published in “Das ?sterreichische Industriemagazin”, issue 09-2022