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Schneider Electric commits to promoting circular economy and tackle climate change

New 2018-2019 Sustainability Report shows company progresses around the five sustainability megatrends and its contribution to UN Sustainable Development Goals

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Electrification and digitization are presenting the world with the opportunity to make energy more decarbonized and more decentralized. In the other hand, by 2040, global energy consumption will grow by over 25 percent, while global CO2 emissions must drop by 45 percent by 2030, to avoid a 1.5 ˚C temperature rise. At the same time, keeping the current pace, by 2030 more than 700 million people will still lack access to energy.  Schneider Electric, the leader in digital transformation of energy management and automation shows on its recent launched Sustainability Report how these trends can also be opportunities to work toward a just energy transition and energy access for all.

The company has established 21 goals to be reached globally by 2020 around critical themes for sustainability. Thru a dashboard called Schneider Sustainability Impact, the company has followed a clear action plan for nearly 15 years. This plan is based on a long-term 2050 vision, with tangible deliverables updated every three years, which results are announced with the financial results in a quarterly basis by the CEO and the CFO.  The group with 25.7 billion euros revenue in 2018 and a workforce of more than 130,000 employees worldwide pleased its shareholders with strong financial results and a consistent sustainability results.

"In 2018, we performed well on the 21 objectives of the Schneider Sustainability Impact. As a result of our success, we decided to raise our goals and accelerate our work on key challenges, including climate change, biodiversity, development, and health” said Gilles Vermot Desroches, Chief Sustainability Officer, Schneider Electric.

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