BUSINESS: Schneider Electric Urgently Calls For Action In The Race To Decarbonize By Accelerating Net Zero Pathways

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

BOSTON–(BUSINESS WIRE)–The world can accelerate urgent climate action and halve carbon dioxide (CO2) emissions by 2030, according to Schneider Electric, the leader in the digital transformation of energy management and automation, recognized as the World’s Most Sustainable Corporation in 2021 by Corporate Knights. Kicking off the Innovation Summit World Tour 2021, Schneider Electric Chairman and CEO Jean-Pascal Tricoire’s keynote advocates achievable pathways to net zero set out in the “The 2030 imperative: A race against time” report from the Schneider Electric Sustainability Research Institute.

Schneider Electric’s flagship annual Innovation Summit World Tour (October 12-November 12) will address global climate challenges and guide customers, partners, regulators, and policymakers on rapidly reducing emissions to decarbonize the world’s economy in this decisive decade. Participants will have the opportunity to experience Schneider Electric’s digital innovation and next-generation automation.

Urgent need to act fast to decarbonize

Tricoire’s Innovation Summit World Tour keynote urges attendees to adopt critical decarbonization measures and offers Schneider Electric’s own research as a blueprint to stay within a global warming trajectory of 1.5degC degrees. This report details the need to reduce emissions by 30-50 percent this decade, compared to current levels. This makes it nearly impossible to keep temperature rise below 1.5 degrees Celsius (as outlined by Intergovernmental Panel for Climate Change).

The Schneider Electric Sustainability Research Institute modelling shows how 10GtCO2/y can be realistically and affordably abated by 2030. This report focused on one subset of global greenhouse gas emission. Out of 50GtCO2e/y, “The 2030 Imperative” scenario finds a 30% (10GtCO2e/y) abatement opportunity from a 30GtCO2/y baseline of all energy-related emissions, a significant acceleration from current pledges (ranging around 3GtCO2e/y, which is 10% of the emissions reduction target). There remains however around 20GtCO2e/y of non-energy related emissions which is not covered in this report’s modelling. Schneider Electric calls for a 3-5x greater effort by governments and corporations. The Institute believes that the best path to success is to use proven digital technologies in conjunction with increased electrification. This will allow us to reduce the carbon footprint of buildings, transport, industry, and the environment. This strategy allows for the development of digital technologies and increased electrification to decarbonize hard-to-abate areas. The model clearly shows that consumers will be burdened by alternative routes.

This research shows how we must accelerate our efforts to address climate change. Schneider Electric is a unique part of the solution. We are expanding our global sustainability consulting business to support organizations in their efforts to decarbonize quickly and meet their climate obligations,” stated Jean-Pascal Tricoire (Chairman and CEO of Schneider Electric). To achieve tangible and sustainable results, organizations need a partner that can combine strategic planning with target setting. Having successfully overcome many sustainability challenges ourselves, and in so doing, achieved world-leading digital and electric solutions in our own facilities, we are well-positioned to help others go faster and further.”

Strategies and solutions to decarbonize value chains

Building on its sustainability leadership and the ambition of the 2021-2025 Schneider Sustainability Index, Schneider Electric is accelerating its global sustainability consulting business and expand on a 10-year track record of success in energy and sustainability services.

Today, Schneider Electric is the world’s leader in energy efficiency, energy management, renewable energy procurement, carbon reporting, climate risk assessment, and supply chain decarbonization, providing software and consulting services to more than 30% of the Fortune 500. Johnson & Johnson and other customers include Walmart, Faurecia (Kellogg), Velux Group, Unilever and Unilever.

Increasing demand for Schneider’s “ambition + action” advisory services is behind this expansion, including:

Climate action consulting, and affiliated supply chain decarbonization and climate risk assessment services,
Communications services, including ESG reporting/ratings and reputational and sustainability claims,
Circularity and traceability services,
ESG modules for the award-winning EcoStruxure(tm) Resource Advisor platform to track societal and governance metrics.

Being part of the solution through digital disruption

As part of its ambition to drive sustainable innovation and build net zero pathways, Schneider Electric helps customers in many sectors to innovate and move to open, interoperable, digital, and simplified systems and smarter ways of doing business. Schneider Electric will be presenting digital innovation to reduce carbon emissions in homes, buildings and data centers.

Electricity 4.0: Powering the New Electric World with Smart Green Energy

Today, we are witnessing the convergence of digital and electric at scale with software. Electricity is the best channel for decarbonization and makes energy green. Digital transforms energy to reduce waste and improve efficiency. This convergence creates ‘Electricity4.0’, which is the fuel for a New Electric World.

Data Centers: The new APC(tm) Smart-UPS(tm) Ultra 5kW is the industry’s first 5kW Uninterruptable Power Supply (UPS), designed to deliver more power, flexibility, and intelligent monitoring in the smallest footprint, freeing up valuable IT space for edge applications. Schneider data center customers have reduced their carbon footprint by 37%.
Smart Homes: Today, Schneider is announcing a series of smart sustainable home solutions, including Wiser, that help fight energy waste. By 2050, households are expected to be the single largest consumer of electricity, and the biggest contributor of CO2 emissions with as much as 34% generated by homes.
Resilient Digital Grids: Schneider’s range of pure air SF6-free technology for net zero grids is extended with the RM AirSeT Ring Main Unit and Modular Switchgear and the MCSeT Active Medium Voltage Air Insulated Distribution Switchboard.
Smart Electrical Distribution: Rethinking Schneider’s Low Voltage TeSys Giga, Canalis Busbar, PrismaSeT Active, New Gen ComPacT, TransferPacT and EcoStruxure Power(tm) digital products will deliver a simpler, more sustainable, safe and secure user experience for installer and service partners to enhance the resiliency of the world’s growing digital economy, as part of the Partnerships of the Future program.

Industries of the Future: Resilient and Sustainable with Next-generation Automation.

With artificial intelligence, digital twin technology and human insight, you can make significant improvements in efficiency and agility.

EcoStruxure(tm) Automation Expert 21.2 provides water and wastewater plants with complete life cycle management. The first ever software-centric automation system integrates IT and OT services to increase security and longevity. EcoStruxure(tm), Automation Expert is a universal automation system that can be used with existing hardware. Virtualized controllers can be run on any Windows or Linux edge computing device. This gives industrial companies unprecedented flexibility. Digital collaboration of this sort has the potential to unlock more than $100 billion in value for industries.
EcoStruxure Machine increases efficiency for machine builders and shortens their development time. With the new Lexium MC12 multi carrier for transporting, grouping and positioning products, OEMs can achieve greater productivity and unprecedented flexibility with up to 40% savings on investment costs and 50% faster machine installation and commissioning. Combined with digital twin technology, the new multi carrier also reduces machine design and time-to-market by up to 30%.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. This is what we call Life Is On.

We are your digital partner in sustainability and efficiency.

Our mission is to drive digital transformation through integrating world-leading energy and process technologies, end-point-to-cloud connecting products, software, and services across the entire lifecycle. This enables integrated company management for homes, buildings and data centers as well as infrastructure and other industries.

Our company is the most local among global corporations. We believe in open standards and partnerships that share our common Meaningful Purpose and are driven by Empowered values.

Discover Life Is On | Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog

Hashtags: #SchneiderElectric #LifeIsOn #EcoStruxure, #Sustainability, #energytransformation, #decarbonization, #climateaction, #DigitalTransformation, #PowerManagement, #IoT

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