Schneider Electric has renewed its Accredited Provider partnership with CDP to provide global consultancy services in sustainability and software
The renewal marks the ninth consecutive year of partnership between Schneider Electric and CDP
75% of Schneider Electric CDP consulting clients received a Climate disclosure score of “B” or above in 2019
Schneider Electric, the leader in the digital transformation of energy management and automation, has announced that it has renewed its partnership with CDP as an Accredited Provider of global sustainability consulting services and sustainability software. This is the ninth year that the company has collaborated with CDP to improve environmental disclosure and reporting in the commercial and industrial sector.
CDP is recognized as the industry gold standard for environmental disclosure, a critical piece of measuring climate action globally. Nearly a fifth of global greenhouse gas emissions are disclosed via the CDP annual Climate questionnaire and in 2019, more than 8,000 companies disclosed, a 20% increase over 2018. As a global partner, Schneider Electric will make its portfolio of climate- and sustainability-related services, including its award-winning EcoStruxure™ Resource Advisor software platform, available to CDP respondents.
Schneider Electric itself reports annually to CDP and has achieved a Climate score of “A” for nearly a decade, leading by example and distinguishing itself among respondents. Only 2% of disclosing companies achieved the coveted A-score this year. In 2018 alone, Schneider Electric reduced its customers' CO2 emissions by 51 million metric tons - the equivalent of the annual CO2 emissions of New York City - through the renovation of existing equipment and procurement of renewable energy. The company expects to be carbon neutral in its expanded ecosystem by 2025, five years ahead of its previous 2030 goal.
“Schneider Electric is an outstanding partner to CDP, both as a long-term Accredited Provider and as a pioneering leader in sustainability,” said Paul Robins, Head of Partnerships at CDP. “We are delighted to continue our partnership in 2020 when the need for rapid decarbonization and transparency in emissions has never been greater.”
Schneider Electric collaborates with thousands of organizations worldwide to manage and disclose their carbon and resource footprints and to strategically reduce resource consumption through innovative data management, energy efficiency, renewable energy procurement, and climate change mitigation strategies. In total, the company manages more than 128 million metric tons of carbon dioxide equivalent on behalf of its clients annually. In 2019, 75% of Schneider Electric’s consulting clients responding to CDP with the company’s help received a Climate disclosure score of “B” or above.
“The need for companies to set carbon reduction targets, to proactively reach those targets, and to disclose their progress along the way has reached a new level of urgency. Investors, customers and other critical stakeholders are demanding companies in all industries place a new value on sustainability and take tangible and immediate steps to reduce their environmental impact, said Mike Fraser, Vice President of Global Sustainability Development for Schneider Electric. “This has been a focus of ours for more than a decade and we are excited to continue our partnership with CDP to engage and encourage new and returning respondents to accelerate climate action together.”
Schneider Electric works to address the diverse and ever-changing energy and sustainability management needs of commercial, industrial, and institutional organizations globally through its independent and trusted approach to Active Energy Management. Learn more about Schneider Electric’s advisory services at se.com/ess or follow Schneider Electric Energy and Sustainability Services on LinkedIn and Twitter.