The Center for Resource Solutions (CRS), today recognized Schneider Electric, the global leader in the digital transformation of energy management and automation, for its leadership in building renewable energy markets and green power procurement in Asia. The Renewable Energy Markets™ Asia Awards will be presented virtually this week during CRS’ inaugural Renewable Energy Markets (REM) Asia conference. CRS is a US-based nonprofit with global impact, developing expert responses to climate change issues.
The renewable energy landscape in Asia is moving faster than ever before. The goal of the REM Asia conference is to support the growth of renewable markets in Asia, focusing on corporate sourcing through green tariffs, certificates, and power purchase agreements (PPAs). This unique event will connect leading industry players throughout Asian renewable energy markets to network, learn and plan for the future of the region.
“We’re proud to honor Schneider Electric at the Renewable Energy Markets Asia Awards in recognition of its efforts in providing access to clean electricity throughout Asia,” said Jennifer Martin, executive director of CRS. “By investing in environmentally sustainable companies that provide clean energy to communities that lack a reliable supply, Schneider Electric is doing its part to ensure equal access to energy throughout the region.”
Schneider Electric was selected for this award by CRS based on its commitments to a clean energy transition. In its own operations, Schneider Electric has pledged to achieve carbon neutrality by 2025 and net-zero CO2 emissions by 2030. Last year, renewable energy powered 80% of Schneider Electric’s operations, up from just 2% in 2017. This increase is the result of a strategy to maximize the adoption of onsite capacity, PPAs and certificates. Over a three-year period, the company has equipped 15 industrial sites in China with onsite solar generation, with plans for three more to be commissioned in 2021.
Schneider is also a market leader in commercial solutions to digitize operations, minimize energy usage and emissions, and maximize renewable energy utilization. Schneider’s goal is to help its customers save 800 million tons of CO2 between 2021 and 2025. The company’s Energy and Sustainability Services (ESS) division has advised on more than 100 direct and virtual PPA transactions for a total of more than 9000 megawatts globally as well as the brokerage of nearly 100 million megawatt-hours of energy attribute certificates, making Schneider Electric the world’s largest advisor on corporate renewable energy procurement. ESS recently established an office in Singapore to provide advisory services to companies with Asian operations.
The acknowledgment from CRS follows Schneider’s 2020 recognition as the Climate Group’s RE100 first Clean Energy Trailblazer, acknowledging Schneider’s drive to help decarbonize the world by accelerating the adoption of renewable energy. In January of this year, Schneider was ranked the world’s most sustainable corporation by Corporate Knights, a media and research company focused on corporate sustainability performance.