Schneider Electric : marks start of COP27 with new plea and pledge to strengthen public-private collaboration

Schneider Electric marks start of COP27 with new plea and pledge to strengthen public-private collaboration

Rueil-Malmaison, France

08/11/2022

Sustainability News Event

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• CEO Jean-Pascal Tricoire signs open letter to world's climate leaders and peers
• CSSO on-site to support launch of Action Declaration on Climate Policy Engagement

Schneider Electric, the leader in the digital transformation of energy management and industrial automation, has announced today two key steps to substantiate its earlier call for increased public and private sector cooperation in tackling the climate crisis at the 27th United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt.

On November 4, Schneider Electric's Chairman and CEO, Jean-Pascal Tricoire signed an Open Letter from the Alliance of CEO Climate Leaders calling on governments and businesses to share the responsibility of climate action and enable faster progress through three key actions:

• Setting science-based targets in line with the Paris Agreement, with a clear roadmap that takes sector-specific pathways into account,
• Collaborating within and across sectors and value chains to drive transparency, advocacy and action in alliances and initiatives, while working with major industry and trade associations to advance alignment with the Paris Agreement,
• Contributing to the development of internationally harmonized reporting standards.

The 124 companies that compose the World Economic Forum (WEF) CEO-led alliance exemplify how corporate climate action can help to meet science-based emissions-reduction targets.

This global plea was closely followed on November 8, by the company signing the Action Declaration on Climate Policy Engagement, initiated by Corporate Knights and its Global 100 Council and committing to bold new initiatives aimed at closing the say-do gap on countries' emission reductions.

Gwenaelle Avice-Huet, Chief Strategy and Sustainability Officer (CSSO) at Schneider Electric was present in person at the launch event to promote the Declaration's key commitments:

• Supporting climate action aligned with the Paris Agreement when engaging with policymakers,
• Working with major industry/trade associations to advance alignment with the Paris Agreement,
• Monitoring and disclosing climate policy alignment for companies and their major industry/trade associations.

Schneider Electric is very active when it comes to working with local actors on environmental and social issues, including industry associations and policymakers. It often advocates for the importance of companies to go beyond their own operations and encourage everyone in their ecosystem on their sustainability journeys.

Consistently recognized for practicing what it preaches, Schneider Electric's leadership in energy efficiency, digitization and electrification enables the company to be a trusted advisor to customers, partners, and more frequently to influencers and decision-makers in the public sphere. Its own Sustainability Research Institute regularly publishes insights that serve to demonstrate further pathways to decarbonization by quantifying the full potential of deploying existing solutions at scale.

Earlier this year, Schneider Electric also became one of the world's first companies to have its net-zero commitments validated by the Science Based Targets initiative's (SBTi) new Corporate Net-Zero Standard.

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