Schneider Electric deepens carbon neutral commitment at COP24

By Olivia Minnock
  Leading global power company Schneider Electric announced yesterday it is accelerating its contribution to meeting...

 

Leading global power company Schneider Electric announced yesterday it is accelerating its contribution to meeting the UN’s Sustainable Development Goals (SDGs).

The announcement was made to coincide with COP24, a sustainability event taking place in Poland beginning today, following an initial commitment made by the company in 2015. The initial aim to become carbon neutral by 2030 is still well underway, with the company having stated it will look to use “solutions that will help accelerate the transition to a low carbon economy”.

See also:

P4G to provide funding for 11 UN SDG projects

ICE unites engineering for the UN Sustainable Development Goals

Read the latest issue of Energy Digital magazine

Its current, further defined goals include 21 new commitments of the 2018-2020 Schneider Sustainability Impact Barometer. It will look to achieve carbon neutrality by 2030 at its plants and sites, with specific commitments to switch to 100% renewable electricity, use 100% recyclable or reusable packaging, and recover 100% of its industrial waste. By 2050, as of yesterday, the company will also cut its scope 1 and scope 2 carbon emissions by more than 50% based on 2015 figures.

Senior Vice President of Sustainability at Schneider Electric, Gilles Vermot Desroches, commented: “The climate emergency is growing, and new players are emerging to tackle the issue. The Paris Agreement signed three years ago provides us with a much clearer understanding of what is at stake. We're now at a tipping point in limiting global warming to less than 2°C above pre-industrial levels to avoid a major ecological disaster.”

He added: “The decisions we make today are critical to ensuring a safe and sustainable world for everyone, both now and in the future. At Schneider Electric, we believe that sustainability and innovation is technologically possible today.”
 

Read our company report on Schneider Electric’s digital transformation journey…

 

Share

Featured Articles

Data Centre Demand Putting Pressure on Energy Capabilities

Utilities in the US are predicting a tidal wave of demand for data centres thanks to the boom of AI, which, in turn, will dial up the need for electricity

Q&A with Hitachi Energy’s EVP & Head of North America

Anthony Allard, who heads up Hitachi Energy as Executive Vice President and Head of North America, shares why the grid is holding us back from clean energy

OMV Takes Strides in Energy Efficiency & Emissions Reduction

Austrian multinational integrated oil, gas & petrochemical company OMV continues its sustainability mission, and reports Scope 1 & 2 emissions are down 25%

Q&A with RAIN Alliance President and CEO Aileen Ryan

Technology & AI

Who is Greg Joiner, the new Head of Shell Energy?

Oil & Gas

Watershed Workshop at Sustainability LIVE: Net Zero

Sustainability