Schneider Electric accelerates fight against climate change at One Planet Summit

Posted by Schneider Electric on December 12th, 2017

Jean-Pascal Tricoire, Chairman & Chief Executive Officer, Schneider Electric said: "Prosperity and energy are intertwined. For Schneider Electric, contributing to the process of achieving carbon neutrality is an ambitious and productive challenge that deserves the joint commitment of the public and private sectors. Schneider Electric is aligning its strategy and its activity with this essential outlook of the 21st century."

To mark the occasion of the One Planet Summit, Schneider Electric is accelerating its ambition and commitments for climate that supports the company's objectives to reduce its plants and sites carbon emission and to become carbon neutral by 2030 in a coherent industry ecosystem encompassing both suppliers and clients. The pledge is based around three complementary initiatives:

Before 2020, outline a specific trajectory based on the assumption that Earth will breach the 2°C warming limit by 2050 and validate it through the Science-Based Targets initiative, in which Schneider Electric has been involved for one year, and increase the impact of Schneider Electric's internal carbon price. Schneider Electric has already set a goal of cutting CO2 emissions by more than 50% in absolute value by 2050 compared to 2015.
Achieve for 2030, and add to, the 10 commitments presented at COP21 in 2015 in order to build carbon neutrality within Schneider Electric's ecosystem and specifically quantify the carbon impact of 100% of its major customer projects (see above).
Starting today take action and, to ensure full transparency, monitor whether Schneider Electric has achieved its targets through the quarterly publication of its Planet & Society barometer and in connection with major open coalitions. These commitments are accelerating the results already obtained and disseminated through Schneider Electric's four barometers since 2008; for example, its energy intensity was cut by 42% between 2005 and 2017, and the carbon intensity of its logistics was reduced by 35% between 2012 and 2017.
The One Planet Summit will also see Tricoire and other Schneider Electric executives collaborate with other sustainability leaders on how to deliver tangible actions on the most pressing global sustainability challenges across a series of events and roundtables (see above). Schneider Electric will also announce several new commitments that will maintain the company's leading position at the forefront of sustainability efforts including:

RE100: Schneider Electric has joined RE100, the global collaborative initiative, led by The Climate Group, announcing its commitment to 100% renewable electricity use by 2030;
EP100: By joining the EP100 initiative, also led by The Climate Group, Schneider Electric has committed to double its energy productivity against a 2005 baseline, setting an ambitious target to doubling the economic output from every unit of energy consumed;
Livelihoods Carbon Fund: Together with Crédit Agricole, Danone, Firmenich, Hermès, Michelin, SAP, and Voyageurs du Monde, Schneider Electric has launched a new impact investment fund, with a target of 100 million euros. The fund aims to improve the lives of 2 million people and avoid the emission of up to 25 million tons of CO2 over a 20-year span.
As a global leader at the crossroads of the energy transition and the digital transition, Schneider Electric is focusing on intelligent control, active distribution management and energy consumption. Schneider Electric is committed to bringing solutions to market that will increase the flexibility of both industrial production and all energy fields and applications.

Schneider Electric's aim is to improve usage comfort and safety while sharply cutting – at the lowest cost – energy consumption and carbon emissions in keeping with the new landscape of decentralized, carbon-free and digitalized energy production. Because access to energy is a fundamental human right, Schneider Electric also intends to innovate to help the one billion people on the planet who do not have access to energy and the 10% of inhabitants facing energy insecurity, by developing affordable and reliable low-carbon solutions.

About Schneider Electric

Schneider Electric is the global specialist in energy management and automation. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this *Life Is On*. Schneider Electric is the worldwide expert in energy administration and automation. With incomes of ~€25 billion in FY2016, our 144,000 representatives serve clients in more than 100 nations, Schneider Electric helping them to deal with their energy and process in ways that are protected, dependable, productive and practical. From the least difficult of changes to complex operational frameworks, Schneider Electric innovation, programming and administrations enhance the way our clients oversee and computerize their operations. Schneider Electric associated advancements reshape businesses, change urban communities and advance lives. At Schneider Electric, we call this Life Is On. 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.