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Schneider Electric Hits New ESG Milestones in Sustainability Impact Program

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Schneider Electric has been in business since the 19th century. That’s an impressive fact, as well as a solid conversation starter when it comes to what Schneider Electric is still delivering nearly 180 years later.

Part of the Global 500 and a leader in the digital transformations of modernized energy management and automation, Schneider Electric published the details of its quarterly Sustainability Impact Report earlier this morning. Plus, in addition to publishing it every quarter, this report marks Schneider Electric’s halfway point through its environmental, social, and governance (ESG) program spanning 2021 to 2025.

For context, the company’s ESG commitments include:

  • Act for a climate-positive world by continuously investing in and developing innovative solutions that deliver immediate and lasting decarbonization in line with its Net-Zero Commitment
  • Be efficient with resources by behaving responsibly and making the most of digital technologies in order to preserve our planet.
  • Empower local communities by promoting sustainable initiatives and enabling individuals and partners to make sustainability a reality for all.

The first two and a half years of the program were marked by substantial expansion of ESG initiatives that provide access to clean and reliable energy. The markedly steady growth of impact revenues and continued efforts to save and avoid millions of tons of CO2 emissions has also contributed to Schneider Electric’s progress.

Additional key Q2 ESG highlights and achievements include:

  • Received 11 iF Design Awards for its products dedicated to energy efficiency and circularity
  • Ranked No. 1 on the Gartner Supply Chain Top 25 for 2023 (after eight consecutive years on the list)
  • Partnered with governments and CEOs on the Versailles 10x10 Actions (i.e. with a focus on accelerated decarbonization) to double the rate of energy efficiency improvements by 2030; this was officially announced at the International Energy Agency's (IEA) annual global conference
  • 97.67% of shareholders supported Schneider Electric's decarbonization plan in the first “Say on Climate” motion
  • Recognized by the 2023 Transparency Awards, bringing home a special prize for high-quality ESG information
  • Certified by the Fair Wage Network for ensuring all employees are valued and compensated fairly for their diligent work

“Our sustainability impact initiatives are transformative, not-quick wins. While some require longer to ramp up, we expect them to deliver significant results in the second half of the program," said Gwenaelle Avice-Huet, Schneider Electric's Chief Strategy & Sustainability Officer. "With only two and a half years left to reach our climate and social ambitions, we need to stay focused and mobilized to live up to our impact company principles: doing well to do good, and vice versa, and bringing everyone along on this journey too.”

And it seems Schneider Electric will do precisely that, given the company’s belief that access to energy and digital innovations is a basic human right.

“Our generation is facing a tectonic shift in energy transition and industrial revolution catalyzed by a more electric world,” another Schneider Electric representative said. “So, by combining the best vectors for decarbonization with our circular economy approach solutions, we work hard to achieve climate-positive impacts and integrate sustainable, future-proofed opportunities for every business we can.”

Read the report in full here.




Edited by Greg Tavarez
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