wef_scm_schneider-20electric_september_2022-f459e726cb624a38.pdf

Schneider Electric utilizes a combination of its own Schneider Sustainability Impact (SSI) scorecard and the World Economic Forum's Stakeholder Capitalism Metrics to drive its sustainability strategy. A central pillar of this approach is the 'Zero Carbon Project,' which aims to reduce Scope 3 emissions by 25% by 2030 by requiring its 1,000 heaviest-emitting suppliers to halve their carbon intensity by 2025. The company provides technical expertise to suppliers, many of whom initially lacked the capacity to measure their carbon footprints. Additionally, the company manages biodiversity reporting through the 'global biodiversity score' and navigates legal restrictions on ethnicity data in France by implementing localized diversity targets in markets like the US and Australia.

• Schneider Electric aims to achieve net zero for Scopes 1 and 2 by 2030 by reducing emissions by 90% relative to 2017 levels and using high-integrity carbon offsets from the Livelihoods Carbon Fund for the remaining 10%.
• To meet a commitment to reduce Scope 3 emissions by 25% by 2030 (against a 2021 baseline), the company has tasked its 1,000 highest-emitting suppliers with reducing their carbon intensity by 50% by 2025.
• The 'Zero Carbon Project' revealed that two-thirds of suppliers were initially unable to report their carbon footprints; consequently, Schneider Electric provides training and expertise in emissions calculation and low-carbon strategies, turning some suppliers into customers of its digital energy solutions.
• Due to French constitutional laws prohibiting the collection of race or ethnicity data, Schneider Electric employs localized diversity strategies, such as targeting a 23% hiring rate for Black professionals in the US and increasing supplier spend with Indigenous-owned companies in Australia.
• The company adopted the 'global biodiversity score' tool from CDC Biodiversité in 2020 and used the World Economic Forum's metrics on land use and ecological sensitivity to implement biodiversity action plans across all its sites.
• While supporting the concept of 'double materiality'—assessing both financial impacts on the company and the company's impact on people and ecosystems—Schneider Electric warns that overly complex draft EU sustainability standards may lead companies to prioritize compliance reporting over actual environmental progress.

APA

World Economic Forum (2022). wef_scm_schneider-20electric_september_2022-f459e726cb624a38.pdf. https://www3.weforum.org/docs/WEF_SCM_Schneider%20Electric_September_2022.pdf

Chicago

World Economic Forum. wef_scm_schneider-20electric_september_2022-f459e726cb624a38.pdf. 2022. https://www3.weforum.org/docs/WEF_SCM_Schneider%20Electric_September_2022.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=wef_scm_schneider-20electric_september_2022-f459e726cb624a38.pdf |date=September 2022 |url=https://www3.weforum.org/docs/WEF_SCM_Schneider%20Electric_September_2022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2022wefscmschneider20electricseptember2022f459e726cb624a38pdf, author = {{World Economic Forum}}, title = {{wef\_scm\_schneider-20electric\_september\_2022-f459e726cb624a38.pdf}}, institution = {World Economic Forum}, year = {2022}, month = sep, url = {https://www3.weforum.org/docs/WEF_SCM_Schneider%20Electric_September_2022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }