21 December 2016
Science-Based Targets Initiative is supported by Carbon Disclosure Project, United Nations Global Compact, World Resources Institute, WWF·

Company's leadership reiterates efforts towards carbon neutrality following COP22

 

Dubai (UAE) – Schneider Electric has joined the Science-Based Targets initiative to align its objectives of reducing its greenhouse gas emissions with the recommendations of scientists on the Inter-governmental Panel on Climate Change (IPCC) to limit global warming to a maximum of 2°C. Jointly supported by the Carbon Disclosure Project (CDP), United Nations Global Compact, World Resources Institute and WWF, the initiative calls on businesses to develop objectives that are consistent with the ‘two degree’ trajectory specified by the Paris Agreement (COP21).

In line with the Science-Based Targets Initiative, Schneider Electric has pledged to fulfil the following commitments:

-       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. The targets 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.

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, reinforced its commitments to sustainability at the Marrakech Climate Change Conference (COP22) that concluded in Morroco, in November 2016 as an official event partner.

As part of its efforts to advocate energy efficiency, 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. One year later, the Group issued a progress report of its achievements with regard to the 10 commitments:

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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 attended COP22 to showcase innovation at every level and elaborate on Schneider Electric’s innovative solutions that address the energy paradox: balancing the planet's carbon footprint with the irrefutable human right to quality energy.

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.

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© Press Release 2016