Siemens establishes network
with 14 partners to decarbonize value chains.
Yet, this Hannover Messe is not about a single
innovation. Isolated technological solutions will not solve the challenges of
industry. Only ecosystems will: moving away from individual value capture towards
joint value creation. Nowhere is this more urgent than in the fight against
According to the World Economic Forum,
industrial value chains account for about 20% of total global carbon emissions.
Up to 90% of the CO2 footprint of a product stems from the upstream
supply chain. Industry will only achieve its decarbonization targets if it
reduces its overall footprint.
That is why Siemens – jointly with other members
- is initiating the first open, cross-company cooperation network Estainium for
the trustworthy exchange of climate-relevant data. Founding members are Merck
Group, NTT Data, Weidmüller, WTS Global, ATS Automation Tooling Systems, TÜV SÜD,
Bison Forest, CircularTree GmbH, ecobrain AG, Faber-Castell,
Erlangen-Nürnberg, Sustainaccount and the University of Technology Sydney.
Estainium is the first ecosystem to enable the
transfer of actual PCF data on a large scale instead of relying on average
data. The decentralized approach with encrypted and verifiable certificates
guarantees the trustworthiness of the data and the confidentiality of the
In addition, the partners are founding an
association of the same name to meet the need for standardization and security
in the exchange of CO2 footprints. The Estainium Association is based
on three pillars: "Technology and Infrastructure", "Standards
and Norms" and "Carbon Capture, Use, Storage and Compensation".
It uses the disruptive possibilities of digitalization to eliminate economic
misallocations and the unsatisfactory and incomplete state of information about
the quantity and quality of emissions and resources used along the entire
Cedrik Neike: "As an industry, we will only
become climate-neutral if we know where the emissions come from. With
Estainium, we bring transparency to supply chains, we work in an open
ecosystem, and we harness the power of data. This is our offer to customers, partners,
and competitors. This is our contribution as a company for a better