Coinciding with the Paris Climate Change Conference (COP21), Schneider Electric has announced 10 commitments for sustainability aligned with the Planet & Society barometer, Schneider Electric's sustainability scorecard since 2005. These commitments are in line with the two-degree trajectory and contribute to the UN Sustainable Development Goals.
Schneider Electric said that these 10 commitments support the objectives to make the company’s plants & sites neutral in the next 15 years and to build a coherent industry ecosystem embarking suppliers and clients around two major contributions:
· Support and challenge partners to reduce their own energy consumption by 30 per cent through active energy efficiency solutions;
· Change the lives of people at the base of the pyramid by giving them access to clean energy or by helping them to come out of fuel poverty.
Jean-Pascal Tricoire, Chairman & CEO at Schneider Electric, said: “Our role is to make sure that Life is On for everyone, everywhere, at every moment. Sustainability is thus at the heart of our company strategy. At Schneider Electric, we are convinced that better climate means better economy."
"We believe we are living a very exciting time where new technologies enable us to completely rethink the way we deal with energy in a far more sustainable and efficient manner. The fight against climate change cannot be decoupled from development issues. Finally, we think we need a solid system for carbon pricing so that everyone integrates collaterals on climate in their actions.”
Building on its experience in sustainability goals thanks to its Planet & Society barometer, Schneider Electric has announced that it will:
1. Ensure CO2 impact quantification for 100 per cent of new large customer projects
2. Design 100 per cent of new offers with Schneider Electric ecoDesign Way and realise 75 per cent of product revenue with Green Premium eco-label
3. Avoid 120,000 tonnes of CO2 through Circular Economy “end-of-life” services
4. Facilitate access to lighting and communication with low carbon solutions for 50 million inhabitants at the Base of the Pyramid in 10 years
5. Implement storage initiatives to develop renewable energy and mini grid
6. Solve SF6 issues with new alternatives in 5 years and eliminate SF6 from Schneider Electric products in 10 years
7. Reduce Schneider Electric energy intensity by 3.5 per cent per annum
8. Reduce Schneider Electric transportation CO2 emissions by 3.5 per cent per annum
9. Invest EUR 10bn in R&D innovation on sustainability in the next 10 years
10. Issue a climate bond to finance low CO2 R&D across Schneider Electric businesses.