Schneider Electric, a global company in digital transformation of energy management and automation, was recognised for its actions and strategies in managing carbon and climate change across its supply chain, earning a ranking on the Supplier Engagement Leader Board by CDP, the non-profit global environmental disclosure platform. Supply Chains create 5.5 times more greenhouse gases than direct operations CDP’s 2019 Global Supply Chain Report, prepared by CDP and Carbon Trust and titled Cascading commitments: Driving upstream action through supply chain engagement, revealed that greenhouse gas (GHG) emissions in supply chains are on average 5.5 times greater than those of a company’s direct operations.
The growing awareness of the impact of climate change and the need to transition towards a low carbon economy have prompted more and more companies to put strategies in place to understand and manage environmental impacts within the supply chain. Schneider Electric helps customers save 31 million tons of CO2. “We are extremely proud to be recognised by CDP for our commitment to a low-carbon economy,” said Schneider Electric Chairman and CEO Jean-Pascal Tricoire. “Schneider Electric was singled out because of the digital solutions we bring to our customers, and for the way we use them to improve our environmental performance.”
Schneider Electric’s engagement is illustrated in the quarterly non-financial Schneider Sustainability Impact (SSI) barometer, which measures the group’s sustainable development performance. The latest SSI report shows that initiatives spearheaded by Schneider Electric helped reduce customers’ CO2 emissions by 31 million tons, with a goal of 100 million tons by 2020. The SSI also measures the volume of electricity from renewable sources; the group is striving to hit 80 per cent by 2020, and it is already making rapid progress: between the second and third quarters of 2018, renewable electricity consumption jumped from 6 per cent to 25 per cent. The United Nations recognised Schneider Electric as Global Compact LEAD for sustainable development, i.e., Goal 13: Climate Action.
The company’s advisors help customers determine the proper reporting standards to meet organisational goals, implement productivity tools, such as EcoStruxure Resource Advisor, and analyse and verify data. The circular economy is central to the fight against climate change Schneider Electric has made the circular economy a centerpiece of its strategy, and its goals are ambitious.