Investment research firm Cowen and startup incubator MassRobotics have announced a groundbreaking research report on the growing role robotics is playing in helping companies achieve their climate goals.
Joe Giordano, CFA, Cowen’s diversified industries, automation and robotics analyst, led the Ahead Of The Curve Series report, which incorporates a survey from MassRobotics that polled manufacturers and end users to understand where robotics fit in their climate toolbox.
Joe Giordano, says, “The robotic technologies we explore in this report maximize output (GDP) per unit of carbon and minimize the carbon needed to achieve a targeted level of activity.
“As the world improves to produce and transact more efficiently, we are hitting hard caps on real gross carbon output. This will eventually require significant new technologies and/or behavioral changes.”
Tom Ryden, Executive Director of MassRobotics, adds, “Robotics is a critical part of production and fulfillment and plays an important role in ensuring demand is met in a carbon-efficient way.
“We are seeing solutions evaluated more holistically, ESG-focused and viewed as tools to help achieve climate goals. For example, a single robotics application in e-commerce could reduce carbon output by more than 10 million metric tons.
Key highlights of the report include:
- More than 90% of respondents expect to use robotics or develop robotics to help them achieve climate change goals. However, only 44% have deployed such solutions to date, suggesting that much of the opportunity is yet to come.
- Nearly 75% of respondents expect current and potential customers to address climate change in their conversations going forward.
- About half of survey participants are actively working with climate crisis solution providers (73% of end users and 45% of manufacturers), although the level of interest is significantly higher, indicating an upward trajectory.