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AVEVA, a global leader in industrial software, launched the AVEVA 2023 Sustainability Progress Report and the first edition of the AVEVA Industrial Intelligence Index at London Tech Week 2024 where the company advocated for ethical and impact-driven Artificial Intelligence (AI) aimed at increasing creativity and efficiency for a more sustainable world.

In 2023, the company continued to make progress on its core ESG framework objectives, including enabling the sustainable transformation of industry through its software, modelling environmental stewardship and ethical best practices, and fostering an inclusive workplace culture where every employee feels engaged and empowered to learn and grow.

AVEVA Details Key Learnings from Fourth Sustainability Report

The fourth edition of the report is th company’s first publication of ESG data and workstream advancements aligned to a calendar year reporting period. It details progress made in 2023 against AVEVA’s three key pillars: Technology Handprint, Operational Footprint, and Inclusive Culture.

Technology Handprint

“Beyond our efforts to reduce our own carbon footprint, we recognise that our biggest opportunity to make a positive impact and accelerate our journey towards Net Zero is through our core products, digital solutions that can help industries improve efficiency, circularity, traceability, and resilience” shared Lisa Wee, Global Head of Sustainability at AVEVA.

In regard, the company has developed a green new logo program that has supported in the first six months the deployment of clean tech activities for 25 customers. In addition, with 13 new case studies quantifying the reduction of emissions AVEVA software enables for customers, the company demonstrates how it walks the talk through tangible achievements contributing to sustainability. Last but not least, hackathons run in 2023 generated 80 sustainability-led technology ideas for future innovations.

2023 also saw the launch of the industrial software provider’s Sustainability Accelerator program to help advance sustainability use cases and capabilities across the company’s portfolio and partner ecosystem, including via AVEVA’s industrial intelligence platform, CONNECT.

“AVEVA’s Sustainability Accelerator program aims to enable faster uptake of existing sustainability solutions across the industrial landscape, while we continue to invest in product capabilities and partnerships that will push out the frontiers of sustainability innovation for industry,” said Joana Mainguy, Director of Sustainability in charge of the program.

Operational Footprint

In 2023, the world’s leading provider of industrial software met 4 out of 15 2025 ESG targets, including achieving a 93% reduction in scope 1 and scope 2 emissions through a combination of measures: the company procured 100% of renewable electricity in all global markets as per RE100 criteria, reduced its overall fleet by 21% over the year, with 25% of the remaining fleet being hybrid or electric.

Notable achievements related to upstream emissions include a 36% decrease in purchased goods and services and a 49% decrease in business travel emissions. The latter goes beyond AVEVA’s 2025 ESG goal of a 20% reduction and the company has launched an internal carbon budget to maintain this level of reduction where possible.

Regarding scope 3, AVEVA has integrated e-waste data in the company’s emissions inventory under the waste category and R&D teams completed power bench testing for the most company’s energy-intensive products, allowing for more accurate emissions calculations. It also made strides in advancing circularity across the business.

“Our initial target of diverting 5 tons of e-waste from landfill in 2025 was surpassed by 22.75 tons in 2023. We are evaluating how best to build on this achievement to drive greater awareness and alignment with circular economy principles100% of e-waste sent to our disposal partner is now diverted from landfill,” explained Wee.

Inclusive Culture

AVEVA’s commitment to developing a workplace environment where all employees feel included and are treated with dignity and respect is also highlighted in the report.

“Globally, with 39.9% of new hires, 29% of managers, and 26.5% of leaders being women, AVEVA has significantly increased gender representation in 2023 and will continue initiatives to raise these numbers to 50% of new hires, 40% of managers and 30% of leaders by 2030.  We have also reached our goal of reducing the gender pay parity gap to less than 1% and are working enterprise-wide to maintain this progress,” commented Wee.

In addition, AVEVA demonstrated its commitment to society donating £ 310,000 to causes supported by AVEVA employee communities around the world.

AVEVA also launched diversity initiatives in key regions. In the US, the company has developed a partnership with two Historically Black Colleges and Universities (HBCUs) for an AVEVA Scholars Program. Spanning three years, the program includes scholarships and immersive onsite experiences, ultimately paving the way for talented Black scholars in Engineering and Computer Science to join the AVEVA team upon graduation. The pilot will kick-off mid-June 2024 with 12 students.

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