GlobalData offers a comprehensive analysis of Schneider Electric, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Schneider Electric‘s ESG performance. GlobalData’s company profile on Schneider Electric offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Schneider Electric, a global leader in energy management and automation, has set ambitious net-zero targets as part of its sustainability efforts. The group is dedicated to achieving operational net-zero status by 2030 within its operations and aims to extend this commitment across its entire value chain by 2050. Schneider Electric has outlined a series of interim targets, including achieving Carbon Neutral Operations by 2025, transitioning to "Net-Zero ready" Operations with 25% GHG absolute reduction across the Value Chain by 2030, and aiming for a Carbon Neutral Value Chain by 2040. The company recognizes the importance of achieving a fairer, lower-carbon society and ensuring universal access to energy for all future generations. According to the sustainable development report, in 2022, the company’s GHG emission for scope 1 (direct emissions) was 119,617 tCO2e, Scope 2 (Energy indirect emissions) was 109,730 tCO2e and scope 3 (Other relevant indirect GHG emissions) was 60,952,497 tCO2e.
Schneider Electric has taken significant steps to reduce its carbon and greenhouse gas (GHG) emissions. The company has introduced innovative solutions, such as the Homaya Pro smart solar-hybrid solution, to provide reliable and clean energy to remote communities. Additionally, Schneider Electric has made efforts to reduce its environmental footprint by using recycled ocean plastic in its home energy solutions and achieving 100% use of recycled cardboard in distribution centers.
In 2022, Schneider Electric joined over 50 other companies in signing the Corporate Knights' Action Declaration on Climate Policy Engagement. This collective commitment involves supporting climate action in accordance with the Paris Agreement when engaging with policymakers, collaborating with trade associations to promote alignment with the Paris Agreement, and monitoring and disclosing alignment with climate policies. The company has been proactive in aligning with industry-led initiatives and partnerships to promote sustainability. Schneider Electric has joined the International Copper Alliance and the Responsible Steel initiative to ensure more sustainable and responsible material sourcing. It has also been recognized for its commitment to deforestation-free wood in its operations and supply chain.
Schneider Electric's efforts have been recognized, being one of the pioneering companies to have its net-zero targets validated across its entire value chain. The company has also partnered with MSCI to accelerate climate action through ESG advisory services. These achievements have contributed to Schneider Electric's consistent top rankings in ESG ratings for the past 12 years.
In conclusion, Schneider Electric is committed to reducing its carbon and GHG emissions. The company has implemented various initiatives, partnerships, and innovative solutions to drive sustainability and reduce its environmental impact. By continuously investing in decarbonization and upholding high social and ethical standards, Schneider Electric aims to make a meaningful impact and support its stakeholders in reaching their sustainability goals.
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