Schneider joins Science-Based Targets initiative
Science-Based Targets initiative is supported by Carbon Disclosure Project, United Nations Global Compact, World Resources Institute, WWF.
Schneider Electric recently announced its decision to join the Science-Based Targets initiative in order to align its objectives of reducing its greenhouse gas emissions with the recommendations of scientists on the Inter-governmental Panel on Climate Change to limit global warming to a maximum of 2°C.
The initiative, jointly supported by the Carbon Disclosure Project, United Nations Global Compact, World Resources Institute and WWF, calls on businesses to develop objectives that are consistent with the ‘two degree’ trajectory specified by the Paris Agreement (COP21). During COP21 held in Paris in December 2015, the first-ever universal climate agreement was unanimously adopted.
Schneider Electric, in line with the Science-Based Targets Initiative, has pledged to fulfil 35% absolute CO2 reduction in scopes 1 & 2 by 2035 (baseline 2015) and 53% absolute CO2 reduction in scopes 1 & 2 by 2050 (baseline 2015). These are the minimum targets set, corresponding to a 2.1% year-on-year emission reduction from 2015. These targets will support the objective of achieving carbon neutrality for Schneider Electric and its ecosystem by 2030. The company has set up a dedicated carbon committee to drive these commitments.
On the eve of the COP21, as part of its efforts to advocate energy efficiency, Schneider Electric stepped up its sustainable development objectives with the goal of achieving carbon neutrality for the company and its ecosystem over the next 15 years, through its products, solutions, R&D and industrial operations.
Schneider Electric reinforced its commitments to sustainability at the Marrakech Climate Change Conference (COP22) that concluded in Morocco, in November 2016 as an official event partner.