Schneider Electric Sustainability Impact program reaches midterm milestone
- Notable progress made with climate solutions, circularity initiatives and Access to Energy programs
- Acceleration of sustainable supply chain activities expected in second half of program
Schneider Electric, the leader in the digital transformation of energy management and automation, today published details of its quarterly sustainability impact performance, alongside its half-year financial results.
At the end of this quarter, the company is halfway through its Environmental, Social and Governance (ESG) program spanning 2021-2025. By measuring and disclosing progress every few months, Schneider Electric ensures a constant, enterprise-wide focus on meeting the program’s 11 global and close to 200 local targets.
The first two and a half years of the program were marked by substantial expansion of its initiatives to provide access to clean and reliable energy, notably in India. The steady growth of impact revenues and continued efforts to save and avoid customers’ CO2 emissions have also contributed to the progress made so far.
Following the structuring and deployment of tracks related to supply chain engagement, results are starting to show on sustainable packaging and materials and the reduction of top suppliers’ emissions. With the addition of its decent work initiative, Schneider Electric expects to accelerate its comprehensive sustainable value chain efforts from here on in.
“Our sustainability impact initiatives are transformative, not quick wins. While some require longer to ramp up, we expect them to deliver significant results in the second half of the program,” said Gwenaelle Avice-Huet, Schneider Electric’s Chief Strategy & Sustainability Officer. “With only two and a half years left to reach our climate and social ambitions, we need to stay focused and mobilized to live up to our impact company principles: doing well to do good, and vice versa, and bringing everyone along on this journey too.”
Key second-quarter ESG highlights:
- Received 11 iF Design Awards for our products dedicated to energy efficiency and circularity,
- Ranked #1 on the Gartner Supply Chain Top 25 for 2023 after eight consecutive years on the list,
- Partnering with governments and CEOs on the Versailles 10x10 action plan to double the rate of energy efficiency improvements by 2030 at the International Energy Agency’s (IEA) annual global conference,
- 97.67% of shareholders supported Schneider Electric’s decarbonization plan in the first Say on Climate motion,
- Recognized by the 2023 Transparency Awards, with a special prize for high-quality ESG information,
- Certified by the Fair Wage Network for ensuring all employees are valued and compensated fairly for their work.
At the end of the quarter, the overall Schneider Electric Sustainability Impact (SSI) score came in at 5.28, on track to reach the 2023 end-year target of 6 out of 10.
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Gwenaelle AVICE HUET
Executive Vice President, Industrial AutomationGwenaelle Avice Huet leads the Industrial Automation business for Schneider Electric and has served on its Executive Committee since 2022. She is responsible for Schneider Electric’s global portfolio of automation and control solutions, which revolutionize industrial efficiency using robotics, Artificial Intelligence (AI), IoT, digital tools, machinery, and software.Gwenaelle joined Schneider Electric in 2021 as Senior Vice President of Corporate Strategy, before entering the Executive Committee as Chief Strategy and Sustainability Officer. For two years, she led Schneider Electric’s full business portfolio across Europe as Executive Vice President of Europe Operations, representing the company’s contribution to the development of the EU’s agenda to accelerate Europe’s green and digital transformation.Before joining Schneider Electric, Gwenaelle worked at ENGIE (formerly GDF SUEZ) in various roles, from Senior Vice-President of European and Regulatory Affairs, to leading the Renewable Energies business. In her last role, she was on the Executive Committee of ENGIE, serving as the Chief Executive Officer of ENGIE North America and in charge of the Global Business Line on Renewable Energies.Gwenaelle started her career at the French National Centre for Scientific Research and the French Atomic Energy Commission on nuclear energy before joining the World Bank in Washington, D.C. as a consultant. She also worked for the service of the French Prime Minister within the General Secretary of European affairs with responsibility for energy and competitiveness matters, and as the advisor on energy and climate change for various ministers.Gwenaelle also serves on the Board of Air France – KLM. She holds a degree in Physics and Chemistry from the Ecole Normale Supérieure Paris-Saclay, a post-graduate diploma in Molecular Chemistry from France’s Ecole Polytechnique, and an engineering degree from the Corps des Ponts et Chaussées. She has also been nominated as a Young Global Leader by the World Economic Forum. She is based in Europe.Read more
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