Schneider Electric named as Best Global Sustainable Supply Chain Organization at the GSSC Summit
by CM Staff
Schneider also plans to have 70 net-zero carbon Plants and Distribution Centers by 2025.
MISSISSAUGA — Schneider Electric, a company involved in energy management and automation, has been named the Best Global Sustainable Supply Chain organization at the Global Sustainable Supply Chain Summit 2021 (GSSC Summit).
The prize was presented at the inaugural summit’s award ceremony which took place virtually on June 8-10. Schneider was selected as the winner from a shortlist of other international companies.
This award recognizes Schneider Electric’s efforts to reduce its supply chains’ carbon emissions by more than 100,000 tonnes over the past three years. By the end of 2020, 80 per cent of Schneider’s operations were purportedly powered by renewables, enabled by Schneider’s own technologies and leveraging renewable Power Purchase Agreements (PPAs).
Schneider also plans to have 70 net-zero carbon Plants and Distribution Centers by 2025 and progressively pursue further energy and carbon efficiencies across all of its ~300 manufacturing and warehousing facilities. Schneider has fixed its own carbon price up to 130€/ton to help with decision-making for supply chain investments with a significant CO2 impact.
Schneider also recently launched the Zero Carbon Project, which aims to lower the carbon footprint of its supply chain. Under this initiative, the company will partner with its top 1,000 suppliers – which represent 70 per cent of Schneider’s carbon emissions – to halve their operations’ CO2 emissions by 2025. The initiative is part of Schneider’s 2021-2025 sustainability goals, and is a concrete step towards limiting the rise in average global temperatures to 1.5°C or less by 2050, as targeted by the Paris Agreement.
“Sustainability is central to STRIVE, Schneider Electric’s supply chain transformation strategy,” said Mourad Tamoud, Executive Vice-President, Global Supply Chain at Schneider Electric. “We always consider decarbonization, circularity, safety, and biodiversity preservation in our decision-making and supplier relationships. In a context of ongoing supply chain disruption caused by the pandemic, we value the open collaboration with the supply chain community at the GSSC Summit and are honored to receive this recognition.”