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- Top recognition: Named “World’s Most Sustainable Company 2024” by TIME and Statista.
- Climate milestones: Over 600 million tonnes of CO2 emissions saved and avoided.
- Empowerment: Trained 682,000 people in energy management skills.
Schneider Electric, a leader in energy management and automation, released its Q2 2024 sustainability scores alongside half-year financial results. This update is part of their Sustainability Impact (SSI) program, essential to their 2021–2025 ambitions.
“Coming top in TIME’s list of most sustainable companies confirms just how much ambition and dedication are needed to decarbonize value chains and evolve business models,” said Xavier Denoly, SVP of Sustainable Development at Schneider Electric. “With one and half years to meet our 2025 sustainability ambitions, each of Schneider’s transformative global and local initiatives helps us to steadily and deliberately build on our achievements and strive for long-lasting impact.“
Climate Action
Schneider Electric surpassed the 600 million tonne mark for saved and avoided CO2 emissions via energy-saving products, software, and services. The company aims to save 800 million tonnes by 2025. Supplier decarbonization efforts led to a rise from 19% to 33% in a year, supported by the Zero Carbon Project, which helps suppliers switch to cleaner energy.
Empowerment and Education
Schneider Electric targets training 1 million people in energy management by 2025, with 682,000 already trained. Partnerships with NGOs and employee volunteerism play crucial roles, such as the collaboration with INCO in Senegal on a digital learning program.
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Q2 2024 Performance
Schneider’s Sustainability Impact score reached 6.78, on track for the 2024 year-end goal of 7.40. Other notable achievements include:
- Best Universal Registration Document award at the Transparency Awards 2024.
- Living Wage certification for the second year by the Fair Wage Network.
- Ranked #1 on Gartner’s Supply Chain Top 25.
- Schneider Home named 2024 Sustainable Product of the Year by Green Builder.
- Launch of Villaya Flex, a rural electrification system for off-grid communities.
See Schneider Electric’s Sustainability reports