At the recent Climate Week in New York, Schneider Electric announced that it is drastically stepping up its commitment to carbon neutrality with three new actions.
These three actions are:
(1) Accelerating its 2030 goal of carbon neutrality by demonstrating carbon neutrality in its extended ecosystem by 2025, bringing forward its objective by five years.
(2) Achieving net-zero operational emissions by 2030 as part of a validated SBT target.
(3) Engage with suppliers towards a net-zero supply chain by 2050.
These targets are expected to contribute to the Intergovernmental Panel on Climate Change’s (IPCC) goal of capping global temperature increase at 1.5°
Schneider Electric is also calling on other companies to reduce emissions, offering support through products and services to help businesses streamline and find efficiencies within their own operations.
“Climate change is the single biggest threat to the health and well-being of our society. We must work together to reduce our carbon emissions and halt the rise in temperature,” said Jean-Pascal Tricoire, the chairman & CEO at Schneider Electric.
Tricoire continued: “…Our commitment to carbon neutrality is weaved into our business decisions and governance, but we need to do more and faster.
“Not only are we stepping up our carbon commitments and moving up our timeline, but also calling on others to take bolder actions to reduce carbon emissions and establish more sustainable business practices that will help set the stage for a post-carbon world.”
Transitioning to cleaner energy
In the move towards carbon neutrality, the company has established several safety nets to ensure communities are not negatively impacted during the transition.
The company’s Access to Energy programme will provide electricity to 80 million by 2030 and train more than one million underprivileged people by 2025.
The company has two impact investing vehicles aimed to support inclusive startups, whose activity contributes to SDG7 (clean and affordable energy), through equity investments.
The expected outcomes of these vehicles are to increase the number of households and small and medium enterprises connected to the grid in remote areas (Africa, India and South East Asia), and to decrease the number of households facing energy poverty in Europe.
“Access to energy is a basic human right, but it is also crucial that we are mindful of the effects of energy consumption on the environment,” Tricoire said. “We must find ways to bring energy-poor populations access to energy and allow them to develop in a sustainable way.”
Collaborating for carbon neutrality
For the past 15 years, the company has been committed to decarbonising itself and its customers through innovative offers and strategic alignments.
The success of these initiatives will allow the company to move up its carbon-neutral goal to 2025 and work towards a net-zero supply chain by 2050.
“Committing to carbon neutrality across our supply chain is a challenging undertaking that requires businesses to develop models and increased collaboration with suppliers, partners and customers,” said Gilles Vermot Desroches, sustainability chief officer at Schneider Electric.
“Climate change can only be overcome through innovation and collaboration and Schneider Electric will continue to lead the way with products and services that will help achieve meaningful progress against the UN Sustainable Development Goals.”
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.