Leading the Built World with Digital Twin Technology to achieve corporate ESG excellence

Mr Terence LUI

CEO
Varadise Limited

Abstract

In recent years, there has been an increasing focus on corporate environmental, social, and governance (ESG) performance, as stakeholders demand greater transparency and accountability from businesses. One technology that is gaining traction in this area is digital twin technology, which involves creating a virtual replica of a physical system or asset. By using digital twin technology, businesses can simulate and optimize the performance of their built assets, such as buildings, infrastructure, and industrial facilities, to reduce energy consumption, improve operational efficiency, and minimize environmental impact.

In this presentation, we will explore how leading companies are leveraging digital twin technology to achieve corporate ESG excellence. We will examine the benefits of digital twin technology, including its ability to enhance sustainability, resilience, and safety, and we will discuss case studies from a range of industries, including construction, energy, and transportation. Additionally, we will examine the challenges and considerations associated with implementing digital twin technology, including data privacy, cybersecurity, and interoperability.

By the end of this presentation, attendees will have a comprehensive understanding of how digital twin technology can be used to drive ESG performance and create a more sustainable built world.

Biography

CEO of Varadise Limited, former Head of Digital Transformation of a major contractor company. Terence managed various innovation development projects involving BIM Analytics, AI analytics, IoT, VR and business intelligence (BI), striving to drive business transformation through technology. Fellow of the Institution of Civil Engineers (FICE) at the age 32. Terence is experienced in construction digitalization, such as the automation of site monitoring. He aims to make use of data to improve construction productivity, quality, and safety with an integrated construction approach.