The system, SCEMS, calculates emissions across partners' supply chains, and since its on top of blockchain tech it promises transparency and data integrity. It's also expected to ease suppliers' workloads in data collection and management, enhancing accuracy in carbon emissions monitoring.
Leveraging Artifical Intelligence (AI) and blockchain, Hyundai and Kia aim to proactively meet environmental regulations and foster sustainable supply chains, responding to climate change issues.
The SCEMS is designed to record and manage carbon footprints at every stage of the manufacturing process, starting from the extraction of raw materials to the production and delivery of parts and vehicles. This comprehensive approach allows Hyundai and Kia to gain better control over their carbon reduction initiatives.
Both the companies have successfully verified the effectiveness of the high-performance blockchain technology and adopted it to accomplish their critical goal of promptly and securely collecting carbon emissions data.
Hyundai Motors and Kia would distribute the SCEMS free of charge to suppliers/partners that make up the automotive supply chain to support carbon emission reduction activities throughout the supply chain.
When partners input essential data that suits their circumstances into the SCEMS system, the artificial intelligence automatically provides information on carbon emissions and predicts what will occur in the future.
The system also expected to relieve suppliers from this time & cost consuming work and enable them to manage their carbon emissions with accuracy. With SCEMS, which is powered by AI and high-performance blockchain technology, business partners can efficiently monitor and manage the collected data and carbon emission status at their respective workplaces.
This year in February, Hyundai and Kia joined the Carbon Disclosure Project's (CDP) "CDP Supply Chain" program, conducting capacity-building training on carbon neutrality for partner companies facing challenges in their independent response.
CDP was established as the 'Carbon Disclosure Project' in 2000 as a non-profit organization, asking companies to disclose their climate impact. Over the time since its establishment, CDP has broadened the scope of environmental disclosure, to incorporate deforestation and water security, while also building its reach to support cities, states and regions.
Companies participating in the program submit data to CDP, including energy consumption and greenhouse gas emission status, carbon neutrality strategies, progress in goal setting and execution, and plans and achievements related to the renewable energy transition, and undergo evaluations.
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