SDG 7 for Schneider Electrics

Research Question: Is Schneider Electrics achieving its goals of providing affordable and clean energy?

Schneider Electrics is a proud innovative leader in global sustainable development. Their steadfast dedication and innovation has been awarded numerous times, for example, they are in the top 25 companies in Fortune magazine’s Change the World ranking; an Industry leader in the Dow Jones Sustainability Index (DJSI); and they are part of the CDP Climate A list for the sixth consecutive year. Furthermore, they have joined the FTSE4Good Global and Europe indices. Schneider’s continuous commitment towards the Sustainable Development Goals is evident through their actions as a company as well.

In terms of working towards providing affordable and clean energy, Schneider Electrics has been actively and continuously participating in COP22. Created in November of 2016, the COP22 initiative aims at fighting global warming, taking an active part to mobilize civil society and to convince governments that the technologies exist to help reduce energy consumption and greenhouse gas emissions. Specifically, Schneider contributed by developing sustainability awareness and mobilization together with other public and private stakeholders, taking part in negotiations through constituencies and federations representing civil society and business to underline the fact that business is ready and willing to contribute to fighting climate change, and participating through the Schneider Electric Foundation as a partner of BALAD_E, an event designed by Art of Change 21.

The 2016-2017 Corporate Sustainability Report of Schneider Electrics reveals that roughly 2.3 billion people do not have any access to electricity or reliable access to electricity. The CSR report also highlights that the world’s energy consumption will increase by more than 50% by the year 2050, therefore presenting the world with the energy paradox. Schneider electrics has developed a software system called the EcoStruxure which they believe is the answer to this complex global energy problem. Schneider is incorporating energy management, automation, and software to make it possible for customers to compete in today’s digital economy with one, interoperable Internet of Things architecture, the EcoStruxure.

Schneider Electric’s innovations are founded on safety, reliability, efficiency, sustainability, and connectivity. They continue to strive towards providing connected, efficient, and sustainable products and solutions that help customers thrive in the face of today’s megatrends: industrialization, urbanization, and digitization.

To conclude this report, it is evident that Schneider is committed to providing clean and affordable energy through its Eco Struxure software system. The company continues to prove its commitment though innovative solutions set at contributing towards the 7th Sustainable Business Goal.

Mikayla McAlduff.....2017-12-03 12:07:13 UTC