As the world confronts the challenges of climate change, rising energy costs, and the current Administration’s prioritization towards sustainable development, Schneider Electric emphasizes the importance of integrating sustainability into all aspects of their operations to maintain competitiveness and future readiness.
During a recent roundtable discussion hosted by Schneider Electric and the Makati Business Club, Schneider Electric's Chief Marketing Officer and one of Forbes’ 2024 most influential CMOs in the world, Chris Leong, stated that sustainability is no longer optional but essential for long-term business success. "At Schneider Electric, we believe that sustainability should be the heart of business strategy, driving growth, innovation, and value creation. Through electrification, automation, and digitalization, we empower industries to achieve this transformation.”
Schneider Electric’s approach to sustainability is built on three-pronged strategies: Strategize, Digitize, and Decarbonize.
Strategize is all about setting measurable and strategic sustainability ambitions. For Schneider Electric, all the research and development of the brand is centered on its sustainability goals. The Schneider Electric Sustainability Impact Program (SSI), a concrete and measurable roadmap, tracks the company’s progress toward its environmental, societal, and governance (ESG) targets. The report is published quarterly through the company website. Digitize is all about digitalizing tools to capture energy usage and carbon footprint in real-time. All Schneider Electric distribution hubs and manufacturing facilities across the world are equipped with digital solutions allowing facilities to harness data analytics in real time to measure operational efficiency. Meanwhile, Decarbonize refers to the action plan. Schneider Electric’s end-to-end portfolio of technologies brings electrification to reality, leveraging these solutions enables real-time monitoring of energy usage and carbon impact possibly contributing to business profitability goals.
Megatrends Shaping the Future
Schneider Electric has identified five pivotal megatrends shaping industries. Customer needs: Digitization and Artificial Intelligence (AI) brought about by the global digital transformation scaling up significantly power usage, the need for concrete solutions to fight against Climate Change, Energy Transition through electrification, Evolution of Wealth driven by increased demand in electrification, and data that provide fresh opportunities to emerging economies as countries and companies alike rethink how they operate, and new Global Equilibrium where there is a shift in paradigm due to supply chain evolutions.
Leong highlighted that these megatrends offer opportunities for businesses in various industries to innovate. "Digitization and AI are transforming energy management. Climate change drives the shift to renewables, reshaping industries, and markets," she added.
A heightened focus on Environmental, Social, and Governance (ESG) can catalyze innovation, efficiency, cost reduction, and business growth. It presents opportunities to tap into new markets, attract conscious consumers, and enhance long-term resilience. For instance, research conducted with WSP Global Inc., a design and engineering consulting firm, found that digital building and power management solutions help reduce operational carbon emissions in existing office buildings by up to 42 percent, with a return on these investments expected in around three years.
Leong concluded, "We are more than a technology provider. As sustainability practitioners, we empower our partners to achieve their ESG goals through innovative digital solutions. Our recommendation is to not shy away from action but make environmental claims that are clear, credible, and can be verified because sustainability is our passport to operate in the future."
Schneider Electric's commitment to sustainability was recently recognized by Time Magazine and Statista, naming it the world's most sustainable company. The company has helped customers save and avoid their carbon emissions by 553 million tonnes of CO2 since 2018.
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