The Fight Against Climate Change Makes Good Business Sense
At the close of 2017, Schneider Electric began a new phase of its energy transition by joining RE100 and committing to source 100% of electricity from renewables by 2030. Our intermediary target is to reach 80% of renewable electricity supply by 2020, up from 2% in 2017. This is proof that companies can be ambitious and aggressive in leading the way in the energy transition. Shaping the future We see many benefits from this commitment. First and foremost, going green is deeply aligned with our strategy. The buildings, data centers, industry and infrastructure markets are responsible for 70% of the world’s energy consumption, and show immediate potential for energy efficiency (82% in buildings and 79% in infrastructure) and for renewables. We want to be a corporate actor shaping the future energy landscape, our own sites acting as “Prosumers” in the electricity grid. At Schneider, we believe that this type of innovation is technologically possible today. Second, renewable sourcing i...