Schneider’s sustainability program heads full speed toward its end-year targets with strong local impact
October 30 2024 - 3:38AM
UK Regulatory
Schneider’s sustainability program heads full speed toward its
end-year targets with strong local impact
Schneider Electric, the leader in the digital
transformation of energy management and automation, today announced
the latest results of its Schneider Sustainability Impact (SSI)
program and its financial results for the third quarter of
2024.
Rueil-Malmaison, France, Oct. 30, 2024 (GLOBE NEWSWIRE) --
Schneider Electric, the leader in the digital transformation of
energy management and automation, today announced the latest
results of its Schneider Sustainability Impact (SSI) program and
its financial results for the third quarter of 2024.
Recently recognized as the World’s Most Sustainable Company by
TIME and Statista, Schneider Electric’s SSI program monitors and
measures the company’s progress across a range of transformative
Environmental, Social and Governance (ESG) targets set for 2025. By
tracking its sustainability performance and publishing quarterly
results, Schneider Electric keeps the momentum for its 11 global
and local ambitions and maintains its industry leadership in
corporate social responsibility.
At the end of the quarter, the overall Schneider Electric
Sustainability Impact (SSI) score came in at 7.29 out of ten, well
on track to reach the 2024 end-year target of 7.40, with two major
milestones reached:
- Schneider surpassed its goal of providing access to green and
reliable energy to 50 million people more than one year before its
end-2025 target. This was achieved through projects where
Schneider’s solar power solutions were installed on public
facilities across Africa and India. For example, in Kenya, Nigeria,
and India, new hybrid solar solutions were added to health clinics
attended by roughly 2 million people, and, in India, over 700
schools were powered by clean energy benefitting around 120,000
students. Schneider is now focused on further ramping up these
efforts so that by 2030, cumulatively, 100 million people will have
gained access to green electricity since the start of the program
in 2009.
- Schneider also crossed a key threshold in its efforts to foster
learning, upskilling, and development for all generations having
now trained over 763,000 people in energy management. For example,
Schneider Electric and its Foundation recently collaborated with
Enactus, enabling university students from ten countries to develop
entrepreneurial solutions that address social issues related to the
energy transition.
Furthermore, Schneider made considerable strides in halving the
carbon impact of its top suppliers through its Zero Carbon Project,
resulting in a 36% reduction of their operational CO2 emissions.
This was facilitated by several renewable energy workshops held in
the USA, Europe, and China, as well as over 20 specialized webinars
aimed at supporting suppliers in their decarbonization
endeavors.
“Our achievements this quarter showcase the scale of our impact,
with local projects playing a pivotal role in achieving our
ambitious goals,” said Xavier Denoly, Schneider Electric’s
Senior Vice-President of Sustainable Development. “Despite
these great results, our work is far from over. We must further
intensify our global decarbonization efforts to mitigate the
effects of climate change, benefiting people and planet.”
Find more details about the results and the latest impactful
initiatives in the Q3 2024 report of Schneider’s Sustainability
Impact program, including the progress dashboard:
Other key recognitions and awards achieved during the
quarter:
- Recognized as Industry Leader in S&P Global’s Corporate
Sustainability Assessment for the 3rd consecutive
year
- Received the RE100 Changemaker Award from the Climate Group at
Climate Week NYC, in recognition of a groundbreaking tax credit
transfer renewable energy project in Texas (USA)
- Named as a Leader in Verdantix’s Green Quadrant: Building
Decarbonization Consulting
- Ranked with the highest Social Benchmark score in its industry
by World Benchmarking Alliance, underlining sustained efforts to
act ethically and provide and promote decent work and human
rights
- Recognized for the “Digital Upskilling for All" program by
Brandon Hall Group’s prestigious Gold Award for Learning and
Development
_____________________________________________
Schneider Electric Media Relations –
global.pr@se.com
- Schneider’s sustainability program heads full speed toward its
end-year targets with strong local impact.pdf
- SSI Q3 2024 dashboard.jpeg
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