9th August 2023, Kathmandu
Schneider Electric (Schneider Electric’s Midterm Milestone), a leader in energy management and automation’s digital transformation, has reached a significant point in its Sustainability Impact program.
With notable advancements in climate solutions, circularity initiatives, and Access to Energy programs, the company has achieved remarkable progress halfway through its Environmental, Social, and Governance (ESG) initiative spanning 2021-2025.
Throughout the first half of the program, Schneider Electric has made substantial strides in expanding initiatives to provide clean and reliable energy, particularly in regions like India.
The company’s focus on impact revenues and efforts to reduce CO2 emissions from customers have also contributed to these successes.
With the foundation set for sustainable supply chain activities, the company’s dedication to sustainable packaging, materials, and emissions reduction among its top suppliers is starting to yield results.
By incorporating a comprehensive sustainable value chain approach, Schneider Electric anticipates a further acceleration of these efforts in the coming years.
Gwenaelle Avice-Huet, Chief Strategy & Sustainability Officer at Schneider Electric, emphasized the transformative nature of these initiatives, highlighting that while some require more time to develop, significant outcomes are expected in the latter half of the program.
Avice-Huet stressed the importance of staying committed to impact-driven principles that align with both business success and positive societal change.
The second quarter brought noteworthy ESG achievements for Schneider Electric, including multiple iF Design Awards recognizing their energy-efficient and circularity-focused products.
The company also secured the top spot on the Gartner Supply Chain Top 25 list for 2023, a position held for eight consecutive years.
Schneider Electric’s Midterm Milestone
Collaboration with governments and CEOs through initiatives like the Versailles 10×10 action plan further showcased Schneider Electric’s dedication to energy efficiency improvement.
Additionally, strong shareholder support for the decarbonization plan and recognition in the 2023 Transparency Awards affirmed the company’s commitment to sustainable practices.
At the end of the quarter, the Schneider Electric Sustainability Impact (SSI) score reached 5.28, aligning with the goal to achieve a score of 6 out of 10 by the end of 2023.
Schneider Electric’s purpose is to empower individuals to maximize energy and resource use while fostering progress and sustainability.
The company’s mission centers on becoming a digital partner for Sustainability and Efficiency, driving digital transformation through integrated technologies that span from endpoints to the cloud. Schneider Electric’s commitment to open standards, partnership ecosystems, and meaningful values underscores its dedication to a sustainable future.
For more detailed insights, access the SSI Q2 2023 report, 2022 Financial and Extra-financial release, and visit the Sustainability.com page. Schneider Electric continues to lead the way in balancing progress and sustainability, ensuring that “Life Is On.”
About Schneider Electric
Schneider Electric’s commitment is to empower all in optimizing energy and resources, bridging the gap between progress and sustainability. This principle, known as “Life Is On,” drives their mission to be a digital partner for Sustainability and Efficiency.
The company integrates leading process and energy technologies, connecting products, controls, software, and services across various sectors.
As proponents of open standards and inclusive values, Schneider Electric prioritizes a shared Meaningful Purpose and an Empowered approach, fostering digital transformation for a better world.