Besides being the only industrial company on CDP A List for 8 years in a row, Schneider Electric also helps more than 100 clients to reach the same score
Schneider Electric has been highlighted as a global leader on corporate climate action for the 8th consecutive year by environmental impact non-profit CDP, achieving a place on the CDP Climate Change A List.
Every year, thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2018, companies were requested to do so by over 650 investors with over US$87 trillion in assets, and/or 115 major purchasing organizations with US$3.3 trillion in purchasing power. Companies receive scores of A to D- for how effectively they are tackling climate change, deforestation and water security, while those that don’t disclose or provide insufficient information are marked with an F.
Schneider Electric has been recognized for its actions in the last reporting year to cut emissions, mitigate climate risks and develop the low-carbon economy, based on its 2018 disclosure to CDP. Schneider Electric’s consistent recognition on the CDP A list reflects company progresses to reduce its own environmental impact in the last years, as well as company’s objectives for 2020:
- 80% renewable electricity
- 10% CO2 efficiency in transportation
- 100 million metric tons of CO2 avoided on our customers’ end through our offers
- 100,000 metric tons of avoided primary resource consumption through ecoFit™, recycling, and take-back programs
- And 21 other commitments for sustainability are being tracked in a quarterly basis with our Schneider Sustainability Impacts.
“Meaningful change doesn’t happen overnight"
"For 6 years we are one of 100 Most Sustainable Corporations in the World, according to Corporate Knights. Schneider Electric scored “A” on CDP list for 8th year in a row, thanks to our efforts to develop the low-carbon economy both inside our company as well for our customers. Last week, Schneider Electric won The Circulars Awards in World Economic Forum, Davos, for helping our customers to avoid the consumption of 100,000 tonnes of primary resources by 2020,” the company CSO, Gilles Vermot Desroches, says proudly.
Paul Simpson, CEO of CDP, said: “Congratulations to all companies that made it onto CDP’s A List this year. As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy. We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Agreement and the Sustainable Development Goals. It’s clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to those goals”.
The Climate Change A List is published by CDP each year, alongside similar lists for leadership on protecting forests and water security.
CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Discover #OurImpact https://sdreport.se.com/en/introduction/schneider-sustainability-impact