Press release
PTC Advances Environmental Sustainability Initiatives
PTC Commits to Science Based Targets initiative; Expands Relationships with Ansys and aPriori to Develop Environmental Sustainability Offerings for
About this update from Ptc Inc.
[{"type":"text","content":"PTC Commits to Science Based Targets initiative; Expands Relationships with Ansys and aPriori to Develop Environmental Sustainability Offerings for Manufacturers\nBOSTON, May 16, 2023 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced new initiatives as part of its environmental sustainability practice. PTC has signed the Science Based Targets initiative (SBTi) commitment letter, pledging both near-term emissions reductions and long-term net-zero targets. In addition, PTC is expanding its relationships with Ansys and aPriori to support manufacturers' environmental sustainability goals in the areas of product dematerialization and manufacturing efficiency.\n\n \n \n \n \n \n \n\n \n\"PTC's SBTi commitment is rooted in our belief that it's the right thing to do as we consider the impacts of climate change,\" said Catherine Kniker, Chief Strategy and Marketing Officer, PTC. \"It's also part of a broader commitment that we're making with our manufacturing customers, as we'll reduce our own footprint in a manner that's consistent with their environmental sustainability goals.\"\nIn parallel with its SBTi commitments, PTC is broadening the ways in which it supports manufacturers' efforts to reduce the environmental footprint of their products. Most of a product's environmental footprint is determined at the design stage, where decisions are made about materials, manufacturability, potential for circularity, and much more. PTC enables manufacturers to address these footprint considerations with its industry-leading product design and lifecycle management software and through new partner integrations with Ansys and aPriori.\nPTC and Ansys, who have partnered for several years on product design and simulation software, will pursue more integrated workflows between PTC's Creo® computer-aided design (CAD) and Windchill® product lifecycle management (PLM) software with Ansys' materials information management solution, Ansys Granta MI. These workflows are expected to make it easier for design engineers to assess how the materials used in a product impact the product's performance, embodied carbon, and recyclability, enabling our joint customers to develop both more sustainable and highly performant products.\n\"We are excited to pursue more integrated materials management and sustainability workflows with PTC, building on the existing Ansys G...