Outokumpu, a global leader in stainless steel production, has embarked on a transformative journey to integrate data-driven strategies into its sustainability initiatives. By leveraging the Microsoft Intelligent Data Platform, the company aims to enhance its environmental performance, optimize operations, and provide transparent carbon footprint data to its customers.
Heidi Peltonen, Vice President of Sustainability at Outokumpu, emphasizes the company's commitment:
Outokumpu's collaboration with Microsoft focuses on utilizing the Intelligent Data Platform to automate environmental reporting processes and unify sustainability, operational, and financial data. This integration enables the company to:
As Outokumpu continues to innovate and lead in sustainable steel production, its partnership with Microsoft serves as a model for other industries seeking to balance economic performance with environmental stewardship.
Source: Microsoft Outokumpu pioneers data-driven green value creation using Microsoft Intelligent Data Platform | Microsoft Customer Stories
Heidi Peltonen, Vice President of Sustainability at Outokumpu, emphasizes the company's commitment:
This ambition is particularly significant given that the steel industry accounts for approximately 10% of global greenhouse gas emissions. Outokumpu's proactive approach positions it as a pioneer in reducing the environmental impact of steel production.
Leveraging Data for Sustainability
Outokumpu's collaboration with Microsoft focuses on utilizing the Intelligent Data Platform to automate environmental reporting processes and unify sustainability, operational, and financial data. This integration enables the company to:- Enhance Transparency: By providing product-specific carbon footprint data, Outokumpu empowers customers to make informed decisions that align with their sustainability goals.
- Optimize Operations: Data-driven insights facilitate improvements in energy efficiency and resource utilization, leading to cost savings and reduced emissions.
- Drive Innovation: The establishment of a digital innovation hub allows for the systematic development and scaling of AI-based solutions, further advancing Outokumpu's sustainability objectives.
Achievements and Recognitions
Outokumpu's dedication to sustainability has yielded tangible results:- Reduced Carbon Footprint: The company's stainless steel products have up to 75% lower carbon footprint compared to the global industry average.
- Environmental Product Declarations (EPDs): Outokumpu has published EPDs that provide verified environmental data, supporting customers in their green transition efforts.
- Industry Recognition: The company was recognized as a Leading Company at the ESG Transparency Awards 2024, reflecting its commitment to transparent sustainability practices.
Future Outlook
Outokumpu's integration of data and AI into its sustainability strategy exemplifies how technology can drive environmental responsibility in heavy industries. By setting ambitious targets and leveraging advanced data platforms, the company not only enhances its operational efficiency but also contributes significantly to global efforts in combating climate change.As Outokumpu continues to innovate and lead in sustainable steel production, its partnership with Microsoft serves as a model for other industries seeking to balance economic performance with environmental stewardship.
Source: Microsoft Outokumpu pioneers data-driven green value creation using Microsoft Intelligent Data Platform | Microsoft Customer Stories
