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Glossary of Carbon Reporting Regulations Terms for Manufacturing
A Comprehensive Guide to the EU CBAM Reporting
The European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) is reshaping the landscape of international trade and sustainability. Adopted on May 17, 2023, with its transitional phase starting on October 1, 2023, the CBAM is more than just a new regulation. It’s a pivotal part of the EU’s ambitious climate neutrality plan, which aims for […]
What are Organisational Boundaries for Carbon Reporting?
What’s holding back your carbon reporting efforts? Could it be your organisational boundaries? Did you know that only 9% of organisations worldwide can comprehensively measure their total greenhouse gas (GHG) emissions as per a recent BCG GAMMA survey? This finding underscores the critical role of organisational boundaries in carbon reporting, as the inability to measure […]
What is Scope 3 Carbon Emissions and 7 Effective Ways to Reduce it
6 Ways to Reduce Scope 1 and Scope 2 Emissions in Manufacturing
Scope 1 and Scope 2 emissions are the bedrock of a company’s environmental impact – the emissions directly tied to the energy a business uses to function. These two categories aren’t just metrics; they’re the closest reflection of a company’s core carbon footprint. Scope 1 emissions cover anything the company directly controls, like manufacturing fuel […]
Why Is Sustainability and Carbon Reporting Important in Manufacturing?
How to Calculate ROI of a Machine Monitoring System
At a high level, calculating ROI of any piece of software or hardware is simple: You measure the cost of the goods and services versus the benefits that they provide. Calculating the ROI of Machine monitoring software follows the same rule. You measure the cost of the software versus the benefits. For machine monitoring software, […]
How to Reduce Manufacturing Costs with Machine Monitoring
The profitability of manufacturing operations depends heavily on the ability to keep fixed and variable costs to a minimum. How do you reduce costs in manufacturing? Where do you look for cost reduction opportunities? With a properly integrated machine monitoring system, you can find cost reduction opportunities, and prioritise them using real data. This article will […]
Downtime in Manufacturing: Causes, Costs & How to Reduce
Downtime in manufacturing is an unavoidable reality. Value add operational downtime events such as servicing and tool set ups are inevitable components of the manufacturing process. These are inherent costs associated with manufacturing operations. Non-value add downtime events however, represent a distinct challenge. As a manufacturer, your primary objective should be to minimize unplanned downtime as […]
