Schneider Electric joins RE100 and EP100 initiatives
Energy and automation company Schneider Electric has signed up to the Climate Group's RE100 initiative to source renewable energy and the EP100 initiative to double energy productivity by 2030.
Schneider Electric has a goal in place to become carbon neutral by 2030 and will use the two frameworks as catalysts towards this aim. The company has committed to sourcing 100% renewable electricity by 2030, with an intermediary target of 80% by 2020.
“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,” Schneider Electric’s executive vice president Emmanuel Lagarrigue said.
“The commitments we have made today in joining RE100 and EP100 to source 100% 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.”
The commitments, organised through the Climate Group, will cover more than 1,000 sites and 200 factories globally. The transition to 100% renewables will focus on onsite installations, long-term power purchase agreements (PPAs) and energy attribute certificates and green tariffs.
Schneider Electric’s commitment to the EP100 initiative will see the company double its energy productivity by 2030 against a 2005 baseline. The commitment will revolve around a target to double the economic output from every unit of energy consumed.
The company will lean on its own technical solutions, including Internet of Things (IoT) systems such as the EcoStruxure Grid, which have already helped the company reduce energy consumption by 10% every three years over the last decade.
The Climate Group’s chief executive Helen Clarkson added: “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.”
The company is also part of the Livelihoods Carbon Fund – along with Danone, Hermes and others – an impact investment fund to improve the lives of two million people by avoiding the emissions of up to 25 million tonnes of Co2 during a 20-year timeframe. The fund has an investment target of €100m.