Schneider Electric Commits to Sustainability at COP22 Marrakech
• Schneider Electric is an official COP22 partner
• On the road to carbon neutrality, the Group reinforces its COP21 commitments by joining the “Science-Based Targets” initiative
• Schneider Electric top executives will take an active part to the COP22 discussion showcasing innovation at every level
Cairo (Egypt), November 13, 2016 – After the landmark COP21 held in Paris in December 2015, where the first ever universal climate agreement was unanimously adopted, Schneider Electric, the global specialist in energy management and automation, will once again showcase its commitments to sustainability at the Marrakech Climate Change Conference (COP22) from November 7 to 18, 2016, in Morroco, as an official partner of the event.
On the road to carbon neutrality: update on our COP21 commitments
Schneider Electric is fully committed to fighting climate change. In November 2015, on the eve of the COP21, Schneider Electric stepped up its sustainable development objectives with the goal of achieving carbon neutrality for the company and its ecosystem over the next 15 years, through its products, solutions, R&D and industrial operations. In 2016, Schneider Electric joined the Science-Based Targets initiative to align its objectives of reducing its greenhouse gas emissions with the recommendations of IPCC scientists to limit global warming to 2°C maximum. This initiative, jointly supported by CDP, the United Nations’ Global Compact, the World Resources Institute and WWF, calls on businesses to develop objectives that are consistent with the "two degree" trajectory covered by the Paris Agreement.
In line with the science-based targets, Schneider Electric takes the following engagements:
- 35% absolute CO2 reduction in scopes 1 & 2 by 2035 (baseline 2015)
- 53% absolute CO2 reduction in scopes 1 & 2 by 2050 (baseline 2015)
These are minimum targets set for the Group, corresponding to a 2.1% year-on-year emission reduction from 2015. They will contribute to the objective of achieving carbon neutrality for Schneider Electric and its ecosystem by 2030. A dedicated carbon committee has been set up to drive these commitments.
Schneider Innovation at Every Level harnesses the power and promise of the Internet of Things to reshape cities, transform industries and enrich lives through connected products, edge control, and apps, analytics and services. Representatives of Schneider Electric will attend COP22 to showcase innovation at every level and Schneider Electric’s innovative solutions that address the energy paradox: balancing our planet's carbon footprint with the irrefutable human right to quality energy.
A year later, the Group provides an update on its 10 commitments:
|COP21 commitments||As of end of Q3 2016|
|1||Ensure CO2 impact quantification for 100% of new large customer projects (2015-2017)||To be published in Q4 2016|
|2||Design 100% of new offers with Schneider Electric ecoDesign Way™ and realize 75% of product revenue with Green Premium™ eco-label (2015-2017)||ecoDesign Way: 46% Green Premium: 66.3%|
|3||Avoid 120,000 tons of CO2 through Circular Economy “end-of-life” services (2015-2017)||83,485 t of CO2|
|4||Facilitate access to lighting and communication with low carbon solutions for 50 million inhabitants at the Base of the Pyramid in 10 years (2015-2025)||To be published in Q4 2016|
|5||Implement storage initiatives to develop renewable energy and mini grid (from 2015)||EcoBlade presented in Dec. 2015|
|6||Solve SF6 issues with new alternatives in 5 years and eliminate SF6 (2015-2020) from Schneider Electric products in 10 years (2015-2025)||In progress, outpacing the timeline|
|7||Reduce Schneider Electric energy intensity by 3.5% per annum (from 2015)||5.9% (since end-2014)|
|8||Reduce Schneider Electric transportation CO2 emissions by 3.5% per annum (from 2015)||8.5% (since end-2014)|
|9||Invest EUR 10bn in R&D innovation on sustainability in the next 10 years (2015-2025)||To be published in Q4 2016|
|10||Issue a climate bond to finance low CO2 R&D across Schneider Electric businesses||Issued in November 2015|
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€27 billion in FY2015, our 160,000+ 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.