Schneider Electric is on target to meet its goal to source 80 per cent of its electricity via renewable energy sources – reaching 65 per cent as of September 30 as part of its self-imposed sustainability targets.
The company has been measuring its environmental and social impact via its internal Schneider Sustainability Impact (SSI) dashboard as part of its sustainability commitments for 2018-2020, which measures its progress on 21 indicators closely aligned with the UN’s Sustainable Development Goals (SDGs).
The 21 indicators are grouped within five megatrends – climate, circular economy, health and equity, ethics and development. For Q3 2020, Schneider recorded a score of 8.63 on a 10-point scale – up from 7.71 during the previous quarter.
Olivier Blum, chief strategy and sustainability officer at the company said he was proud of the company’s achievement, especially considering the circumstances surrounding the global pandemic in 2020.
“We consider it is our responsibility to continue making a strong impact – from how we operate to what we deliver to our customers,” Blum said.
“As we approach the end of our 2018-2020 goals and move closer to setting new objectives in 2021, we will be more ambitious, bridging progress and sustainability for all.
“Now more than ever, it is crucial that companies, governments and communities work together to not just continue, but accelerate their efforts to decarbonise the global economy.”
Among highlights in 2020 were:
- The company is on target to meet its goal to source 80 per cent of its electricity via renewable energy sources – reaching 65 per cent as of September 30. This means operational CO2 emissions have been reduced by more than 250,000 tonnes over the last two years. This contributed to the company being recently declared the 2020 Clean Energy Trailblazer by the Climate Group’s first RE100 Leadership Awards, which recognises companies going above-and-beyond to accelerate the global transition to clean energy.
- Almost 200 of the company’s sites now have zero waste to landfill as part of the vision to strive for a circular economy. This means driving reduction, reuse and recycling efforts to deliver greater efficiency, while also lessening the company’s environmental footprint. At the end Q3, Schneider had nearly reached its target of 200 Towards Zero Waste to Landfill (TZWL) sites globally, already at 193. The internally defined TZWL label requires all sites to divert away from landfills at least 99 per cent of metal waste and 97 per cent of non-metal waste. Additionally, 100 per cent of a site’s hazardous waste handling must meet rigorous environmental standards, which means keeping more than 350,000 tonnes of waste out of landfills globally since 2018.
- The company is also bolstering social and environmental credentials with suppliers. It is part of the Ecovadis ratings platform that assesses over 50,000 companies around the globe social and environmental performance.