BOSTON, July 31,
2024 /PRNewswire/ -- Schneider Electric, the leader
in the digital transformation of energy management and automation,
today released its sustainability performance scores for the second
quarter of 2024, alongside its half-year financial results.
Tracking and disclosing the quarterly progress of Schneider's
Sustainability Impact (SSI) program is central to achieving its
2021–2025 global and local ambitions, contributing to its six
long-term sustainability commitments.
Just last month, Schneider Electric topped the list of "World's
Most Sustainable Companies for 2024" compiled by TIME Magazine and
Statista, further emphasizing the strategic importance it places on
sustainability impact. This recognition underlines Schneider
Electric's climate leadership in setting ambitious targets and its
expertise in helping customers become more energy efficient and
reduce their emissions.
"Coming top in TIME's list of most sustainable companies
confirms just how much ambition and dedication are needed to
decarbonize value chains and evolve business models," said
Xavier Denoly, Senior Vice President of Sustainable Development at
Schneider Electric. "With one and half years to meet our 2025
sustainability ambitions, each of Schneider's transformative global
and local initiatives helps us to steadily and deliberately build
on our achievements and strive for long-lasting impact."
This quarter, Schneider Electric kept up the pace on:
- Climate action: breaking the 600 million tonne barrier
on reporting saved and avoided carbon emissions for customers,
thanks to energy-saving products, software, and services. Schneider
Electric continues to make steady progress every quarter and is
well on the way to meeting its target to help its customers save
and avoid 800 million tonnes CO2 emissions by 2025. Efforts to
accelerate supplier decarbonization and tackle scope 3 emissions
were also rewarded with an impressive progression from 19% this
time last year to 33% this quarter. Schneider Electric's Zero
Carbon Project encourages strategic suppliers to switch to cleaner
energy, matching them with solution providers, as well as offering
on-site support, renewable energy market analysis, and specialist
training.
- Empowering all generations and providing learning and
development opportunities to meet Schneider's ambition of training
1 million people with energy management skills by the end of 2025.
By working extensively with NGOs and encouraging employees to
volunteer as trainers, 682,000 people worldwide have benefitted
from these education and entrepreneurship opportunities. Recently,
the Schneider Electric Foundation partnered with INCO in
Senegal on a "Get into Energy
Transition" digital learning program.
At the end of the quarter, Schneider's Sustainability Impact
score came in at 6.78, on track to reach the 2024 end-year
objective of 7.40 out of ten. Find more details in the Q2
2024 report of Schneider's Sustainability Impact program, including
the progress dashboard:
Other key second-quarter sustainability highlights:
- Awarded the prize for Best Universal Registration Document at
the Transparency Awards 2024
- Awarded Living Wage certification for the second year by the
Fair Wage Network for ensuring that all employees are valued and
compensated fairly
- Ranked #1 on Gartner's Supply Chain Top 25
- The Schneider Home solution was recognized as the 2024
Sustainable Product of the Year by Green Builder
- Launch of Villaya Flex rural electrification and clean power
system for off-grid communities
Related resources:
See Schneider Electric's Half-year 2024 Financial and
Extra-financial release.
Schneider Electric's Environmental, Social and Governance
(ESG):
- Sustainability reports page
- Frequently Asked Questions (FAQ)
- Sustainability Disclosure Dashboard
About Schneider Electric
Schneider's purpose is to create Impact by empowering all
to make the most of our energy and resources, bridging
progress and sustainability for all. At Schneider, we call this
Life Is On.
Our mission is to be the trusted partner in Sustainability
and Efficiency.
We are a global industrial technology leader
bringing world-leading expertise in electrification, automation and
digitization to smart industries, resilient
infrastructure, future-proof data centers,
intelligent buildings, and intuitive homes.
Anchored by our deep domain expertise, we provide integrated
end-to-end lifecycle AI enabled Industrial IoT solutions with
connected products, automation, software and services, delivering
digital twins to enable profitable growth for our
customers.
We are a people company with an ecosystem of 150,000
colleagues and more than a million partners operating in over 100
countries to ensure proximity to our customers and stakeholders. We
embrace diversity and inclusion in everything we do, guided
by our meaningful purpose of a sustainable future for
all.
www.se.com
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CONTACT: Thomas Eck,
thomas.eck@se.com
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SOURCE Schneider Electric USA,
Inc.