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Schneider Electric accelerates fight against climate change at One Planet Summit

Schneider Electric executives collaborate with other sustainability leaders on how to deliver tangible actions on the most pressing global sustainability challenges

Schneider Electric, the leader in digital transformation of energy management and automation, will join other sustainability leaders to support and accelerate the common fight against climate change at the One Planet Summit. Two years to the day after the adoption of the Paris Agreement, and following COP23, President of France Emmanuel Macron is organizing the milestone summit to convene those involved in public and private finance to deliver ambitious and achievable actions that will contribute to limiting global warming and its impact.

Jean-Pascal Tricoire, Chairman & Chief Executive Officer, Schneider Electric said: “Prosperity and energy are intertwined. For Schneider Electric, contributing to the process of achieving carbon neutrality is an ambitious and productive challenge that deserves the joint commitment of the public and private sectors. Schneider Electric is aligning its strategy and its activity with this essential outlook of the 21st century.”

To mark the occasion of the One Planet Summit, Schneider Electric is accelerating its ambition and commitments for climate that supports the company’s objectives to reduce its plants and sites carbon emission and to become carbon neutral by 2030 in a coherent industry ecosystem encompassing both suppliers and clients. The pledge is based around three complementary initiatives:

  1. Before 2020, outline a specific trajectory based on the assumption that Earth will breach the 2°C warming limit by 2050 and validate it through the Science-Based Targets initiative, in which Schneider Electric has been involved for one year, and increase the impact of Schneider Electric’s internal carbon price. Schneider Electric has already set a goal of cutting CO2 emissions by more than 50% in absolute value by 2050 compared to 2015.
  2. Achieve for 2030, and add to, the 10 commitments presented at COP21 in 2015 in order to build carbon neutrality within Schneider Electric’s ecosystem and specifically quantify the carbon impact of 100% of its major customer projects (see above).
  3. Starting today take action and, to ensure full transparency, monitor whether Schneider Electric has achieved its targets through the quarterly publication of its Planet & Society barometer and in connection with major open coalitions. These commitments are accelerating the results already obtained and disseminated through Schneider Electric’s four barometers since 2008; for example, its energy intensity was cut by 42% between 2005 and 2017, and the carbon intensity of its logistics was reduced by 35% between 2012 and 2017.

The One Planet Summit will also see Tricoire and other Schneider Electric executives collaborate with other sustainability leaders on how to deliver tangible actions on the most pressing global sustainability challenges across a series of events and roundtables (see above). Schneider Electric will also announce several new commitments that will maintain the company’s leading position at the forefront of sustainability efforts including:

  • RE100: Schneider Electric has joined RE100, the global collaborative initiative, led by The Climate Group, announcing its commitment to 100% renewable electricity use by 2030;
  • EP100: By joining the EP100 initiative, also led by The Climate Group, Schneider Electric has committed to double its energy productivity against a 2005 baseline, setting an ambitious target to doubling the economic output from every unit of energy consumed;
  • Livelihoods Carbon Fund: Together with Crédit Agricole, Danone, Firmenich, Hermès, Michelin, SAP, and Voyageurs du Monde, Schneider Electric has launched a new impact investment fund, with a target of 100 million euros. The fund aims to improve the lives of 2 million people and avoid the emission of up to 25 million tons of CO2 over a 20-year span.

As a global leader at the crossroads of the energy transition and the digital transition, Schneider Electric is focusing on intelligent control, active distribution management and energy consumption. Schneider Electric is committed to bringing solutions to market that will increase the flexibility of both industrial production and all energy fields and applications.

Schneider Electric’s aim is to improve usage comfort and safety while sharply cutting – at the lowest cost – energy consumption and carbon emissions in keeping with the new landscape of decentralized, carbon-free and digitalized energy production. Because access to energy is a fundamental human right, Schneider Electric also intends to innovate to help the one billion people on the planet who do not have access to energy and the 10% of inhabitants facing energy insecurity, by developing affordable and reliable low-carbon solutions.

Schneider Electric agenda at the One Planet Summit and its side-events

Day Time What Where
Dec. 10 01:00pm – 05:00pm Conference – Access to climate finance: the priority proposals of non-state actors

w/ Gilles Vermot-Desroches, SVP Sustainability

Climate Chance

10 rue des Prairies 75020 Paris

France

Dec. 11 08:00am – 09:00am Media Conference – French Business Climate Pledge

w/ Jean Pascal Tricoire, Chairman & CEO

MEDEF

55 avenue Bosquet

75007 Paris

France

09:30am – 10:45am Roundtable – Solving the Urban Equation

w/ Jean Pascal Tricoire, Chairman & CEO

MEDEF

55 avenue Bosquet

75007 Paris

France

10.45am – 12:00pm Roundtable – Create a dynamic solutions

w/ Gilles Vermot-Desroches, SVP Sustainability

MEDEF

55 avenue Bosquet

75007 Paris

France

02.30pm – 07.00pm Conference –#TechForPlanet (by NUMA) – Scale Solutions for Climate

w/ Emmanuel Lagarrigue, Chief Strategy Officer

Station F

5 parvis Alan Turing 75013 Paris

France

04.50pm – 05.30pm Roundtable – Renewable solutions connected to the electricity grid: what evolutions, what financing, what obstacles, how to change scale to stay below the 2 ° C threshold?

w/ Gilles Vermot-Desroches, SVP Sustainability

Maison de l’UNESCO

125 Avenue de Suffren

75007 Paris

France

07.00pm – 08.30pm Launch Party – Launch of a new Livelihoods Carbon Investment Fund

w/ Gilles Vermot-Desroches, SVP Sustainability

Hermès

11 Rue Montgolfier, 93500 Pantin

France

Updates announced to 2015 commitments and progress achieved to date

  2015 – 2030 commitments Completion 20152017 (expected projection)
1 Quantify the carbon impact of 100% of its major customer projects (2015–2017) 100%
2 Design 100% of new products and services in line with Schneider Electric ecoDesign Way™ and generate 75% of product revenue with Green Premium™ (2015–2017) ecoDesign Way: 100%

Green Premium: 75%

3 Avoid 120,000 tones of CO2 emissions by implementing “end-of-life” product services in compliance with the principles of the circular economy (2015–2017) + 150,000t of CO2
4 Facilitate access to lighting and communications for 50 million people at the bottom of the pyramid within 10 years through low-carbon solutions (2015–2025) 5 million households
5 Build micro-grids to improve flexible usage and reduce impacts In progress
6 Offer SF6 gas alternatives within 5 years (2015–2020) and no longer use SF6 gas in Schneider Electric products within 10 years (2015–2025) In progress and ahead of schedule
7 Reduce Schneider Electric’s energy intensity by 3.5% annually (2015 and beyond) 10%
8 Cut CO2 emissions from transportation by 3.5% annually (2015 and beyond) 12%
9 Invest €10 billion in innovation and R&D for sustainable development over the next 10 years (2015–2025) + €3.5 billion
10 Issue a “climate” obligation to finance low-carbon R&D Issued in October 2015

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.

With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software.

In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency.

We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

www.schneider-electric.com