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Schneider's sustainability program heads full speed toward its end-year targets with strong local impact

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Schneider Electric reported strong progress in its Sustainability Impact (SSI) program, achieving a score of 7.29 out of 10 in Q3 2024, on track to reach its year-end target of 7.40. The company reached two major milestones: surpassing its goal of providing green energy access to 50 million people ahead of schedule, and training over 763,000 people in energy management.

The company achieved a 36% reduction in operational CO2 emissions from top suppliers through its Zero Carbon Project. Additionally, Schneider strengthened community initiatives through partnerships with Habitat for Humanity ($3.5 million commitment) and Footprint Project ($1 million donation) for sustainable housing and disaster relief efforts. A significant Tax Credit Transfer Agreement with ENGIE North America supports clean energy projects in Texas.

Schneider Electric ha riportato forti progressi nel suo programma di Impatto Ambientale (SSI), ottenendo un punteggio di 7,29 su 10 nel terzo trimestre del 2024, e si è prefissata l'obiettivo di raggiungere un target di fine anno di 7,40. L'azienda ha raggiunto due traguardi importanti: ha superato l'obiettivo di fornire accesso all'energia verde a 50 milioni di persone con largo anticipo e ha formato oltre 763.000 persone nella gestione energetica.

L’azienda ha ottenuto una riduzione del 36% delle emissioni operative di CO2 dai principali fornitori attraverso il suo Progetto Zero Carbon. Inoltre, Schneider ha rafforzato le iniziative comunitarie attraverso collaborazioni con Habitat for Humanity (impegno di 3,5 milioni di dollari) e Footprint Project (donazione di 1 milione di dollari) per abitazioni sostenibili e interventi di soccorso in caso di calamità. Un'autorità significativa di trasferimento di crediti d'imposta con ENGIE North America sostiene progetti di energia pulita in Texas.

Schneider Electric informó sobre avances significativos en su programa de Impacto Ambiental (SSI), logrando una puntuación de 7.29 de 10 en el tercer trimestre de 2024, y está en camino de alcanzar su objetivo de fin de año de 7.40. La empresa alcanzó dos hitos importantes: superó su meta de proporcionar acceso a energía verde a 50 millones de personas antes de lo previsto, y capacitó a más de 763,000 personas en gestión energética.

La compañía logró una reducción del 36% en las emisiones operativas de CO2 de los principales proveedores a través de su Proyecto Cero Carbono. Además, Schneider fortaleció las iniciativas comunitarias mediante asociaciones con Habitat for Humanity (compromiso de 3.5 millones de dólares) y Footprint Project (donación de 1 millón de dólares) para vivienda sostenible y esfuerzos de ayuda en desastres. Un importante Acuerdo de Transferencia de Crédito Fiscal con ENGIE North America apoya proyectos de energía limpia en Texas.

슈나이더 일렉트릭은 지속 가능성 영향(SSI) 프로그램에서 강력한 진전을 보고했으며, 2024년 3분기에 10점 만점에 7.29를 기록하여 연말 목표인 7.40 달성을 향해 나아가고 있습니다. 회사는 5000만 명에게 친환경 에너지 접근을 제공하겠다는 목표를 조기 초과 달성하고 763,000명 이상에게 에너지 관리 교육을 실시하는 두 가지 주요 이정표를 달성했습니다.

회사는 제로 탄소 프로젝트를 통해 주요 공급업체의 운영 CO2 배출량을 36% 감소시켰습니다. 또한, 슈나이더는 지속 가능한 주택 및 재난 구호 노력을 위해 Habitat for Humanity(350만 달러의 기부) 및 Footprint Project(100만 달러의 기부)와의 파트너십을 통해 지역 사회 이니셔티브를 강화했습니다. ENGIE North America와의 중요한 세금 공제 양도 계약은 텍사스의 청정 에너지 프로젝트를 지원합니다.

Schneider Electric a annoncé de forts progrès dans son programme d'Impact de Durabilité (SSI), atteignant un score de 7,29 sur 10 au troisième trimestre de 2024, sur la bonne voie pour atteindre son objectif de fin d'année de 7,40. L'entreprise a atteint deux étapes importantes : elle a dépassé son objectif de fournir un accès à l'énergie verte à 50 millions de personnes en avance sur le calendrier, et a formé plus de 763 000 personnes à la gestion de l'énergie.

L'entreprise a enregistré une réduction de 36% des émissions de CO2 opérationnelles de ses principaux fournisseurs grâce à son Projet Zéro Carbone. En outre, Schneider a renforcé les initiatives communautaires grâce à des partenariats avec Habitat for Humanity (engagement de 3,5 millions de dollars) et Footprint Project (donation d'1 million de dollars) pour des logements durables et des efforts de secours en cas de catastrophe. Un accord significatif de transfert de crédit d'impôt avec ENGIE North America soutient des projets d'énergie propre au Texas.

Schneider Electric berichtete über starke Fortschritte in seinem Programm zur Nachhaltigkeitseinwirkung (SSI) und erzielte im dritten Quartal 2024 eine Bewertung von 7,29 von 10, auf gutem Weg, das Jahresziel von 7,40 zu erreichen. Das Unternehmen erreichte zwei wichtige Meilensteine: Es übertraf sein Ziel, 50 Millionen Menschen Zugang zu grüner Energie vorfristig zu gewähren, und bildete über 763.000 Menschen in der Energiemanagement aus.

Das Unternehmen erreichte eine 36%ige Reduzierung der betrieblichen CO2-Emissionen von den wichtigsten Lieferanten über sein Zero Carbon Project. Darüber hinaus stärkte Schneider die Gemeinwohlinitiativen durch Partnerschaften mit Habitat for Humanity (eine Verpflichtung von 3,5 Millionen Dollar) und Footprint Project (eine Spende von 1 Million Dollar) für nachhaltige Wohnlösungen und Katastrophenhilfe. Eine bedeutende Steuerkreditübertragungsvereinbarung mit ENGIE North America unterstützt Projekte für saubere Energie in Texas.

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BOSTON, Oct. 30, 2024 /PRNewswire/ -- 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."

Expanding Renewable Energy Through Strategic Investment

Earlier this year, Schneider Electric signed a groundbreaking Tax Credit Transfer Agreement as part of a strategic partnership with ENGIE North America. This collaboration supports solar and battery storage systems for clean energy projects across Texas. These projects, which have been progressively activated throughout 2024, have propelled Schneider Electric closer to its goal of 100% renewable energy usage in the U.S. and Canada. In recognition of these efforts, Schneider Electric was awarded the 2024 RE100 Changemaker Award during Climate Week NYC for its significant progress toward ambitious renewable energy targets.

Supporting Local Communities through Sustainable Housing and Disaster Relief

Reaffirming its commitment to community-driven impact, Schneider Electric has strengthened its 30+ year partnership with Habitat for Humanity. This year, the collaboration has expanded beyond affordable housing to help homeowners reduce operational costs through energy monitoring, smart products, and education for both Habitat affiliates and homeowners. Schneider Electric will contribute $3.5 million in cash and product donations this year and provide thousands of employee volunteer hours, all geared toward advancing long-term sustainability in affordable housing.

Schneider Electric's partnership with Footprint Project, launched in 2021, highlights its dedication to energy equity in disaster relief. This year we will donate $1 million in cash and products and provide hundreds of volunteer hours. By providing funding and technical volunteers to build solar trailers for rapid deployment in hurricane-affected regions, Schneider Electric empowers local communities with sustainable energy solutions in times of crisis.

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:

Schneider’s sustainability program heads full speed toward its end-year targets with strong local impact

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

Related resources:
See Schneider Electric's Q3 2024 Financial and Extra-financial release.

Schneider Electric's Environmental, Social and Governance (ESG):     

About Schneider Electric

Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com

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Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.

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SOURCE Schneider Electric

FAQ

What is Schneider Electric's current SSI score in Q3 2024?

Schneider Electric achieved an SSI (Schneider Sustainability Impact) score of 7.29 out of 10 in Q3 2024, progressing toward its year-end target of 7.40.

How many people has Schneider Electric provided green energy access to by 2024?

Schneider Electric surpassed its goal of providing green and reliable energy access to 50 million people, achieving this milestone more than a year ahead of its end-2025 target.

What is Schneider Electric's carbon reduction achievement with suppliers in 2024?

Through its Zero Carbon Project, Schneider Electric achieved a 36% reduction in operational CO2 emissions from its top suppliers.

How much is Schneider Electric contributing to Habitat for Humanity in 2024?

Schneider Electric is contributing $3.5 million in cash and product donations to Habitat for Humanity in 2024, along with thousands of employee volunteer hours.

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