Schneider commits to 100 per cent renewable electricity by 2030

Schneider

Schneider has committed to sourcing 100 per cent renewable electricity and is throwing light on the doubling of its energy productivity.

In a press statement, the company mentioned that it strongly believes it cannot go renewable without ensuring optimisation of its energy system first. The newly announced commitments are yet another step-in Schneider Electric’s journey to becoming carbon neutral by 2030. Aligned with these commitments, Schneider Electric decided to join two global, collaborative initiatives, led by The Climate Group and bringing together influential businesses committed to accelerating climate action:

  • RE100: to use 100 per cent renewable electricity by 2030 with an intermediary objective of 80 per cent by 2020
  • EP100: to double energy productivity by 2030, against a 2005 baseline, setting an ambitious target to doubling the economic output from every unit of energy consumed

In order to deliver on its new promises and its sustained energy efficiency efforts, Schneider Electric will leverage its own technical solutions (EcoStruxure Power, EcoStruxure Grid). Using these solutions, the Group has been able to reduce its energy consumption by 10 per cent every three years for the past 10 years. More specifically, Schneider Electric has reduced consumption by 6 per cent between 2008 and 2017 at its headquarters in France, The Hive.

Emmanuel Lagarrigue, Chief Strategy Officer and EVP at Schneider Electric said: “We are in a new world of energy that is becoming more electric, more decarbonised, more decentralised, and more digital. Our mission at Schneider Electric is to supply the technologies that permit, drive and catalyse the transition to a new world of energy. The commitments we have made today in joining RE100 and EP100 to source 100 per cent renewable electricity and reflect on the doubling of our energy productivity are a demonstration of how consumers and business can be empowered to ensure the affordability, resilience, sustainability, and security of the energy that they consume.”

These commitments will cover more than 1,000 electricity consuming sites around the globe, including 200 factories. Schneider Electric will leverage a broad range of renewable energy sources, including but not limited to solar, wind, geothermal and biomass.

Helen Clarkson, CEO at The Climate Group said: “Already a leader in the energy space, joining RE100 and EP100 represents a smart business decision for Schneider Electric. These commitments will help the company to deliver on its wider climate ambition to become carbon neutral by 2030. Doubling energy productivity will help it to use energy as economically as possible while making the transition to renewables, which are themselves cost-competitive in many markets. I welcome the powerful signal Schneider Electric is sending to peers, investors and governments, to accelerate the transition to a zero-emissions economy.”