Schneider Electric calls for greater efforts to accelerate the energy transition and address the energy crisis: decarbonization and efficiency are key
16 Januar 2023 - 08:23AM
Schneider Electric calls for greater efforts to accelerate the
energy transition and address the energy crisis: decarbonization
and efficiency are key
- Call comes ahead of World Economic Forum annual meeting
- Schneider-commissioned research finds most companies planning
to spend under 2% of revenues on sustainability and decarbonization
- On the demand side of the energy transition, only 31% of
organizations currently push electrification as a way to
Rueil-Malmaison (France), January 16,
2023 – Schneider Electric, the leader in the digital
transformation of energy management and automation, today issued an
urgent call for governments and companies around the world to
accelerate their sustainability action and step up investments into
technologies that will help them reduce their carbon emissions and
bolster their energy security.
The call comes amid spiking energy prices, an
energy supply crisis and fast accelerating climate change, which
together pose major challenges for companies, economies and
societies around the globe. These challenges form the backdrop for
the World Economic Forum’s annual meeting in Davos, Switzerland,
from 16-20 January, which senior Schneider Electric executives will
"Today’s climate and energy crises are an
economic reality for ever-increasing numbers of people. As business
leaders and policymakers come together at Davos, we must act in our
own best long-term, not short-term, interests," said
Jean-Pascal Tricoire, Schneider Electric’s
Chairman and CEO. “We must not avoid the tough decisions.
There can be no long-term prosperity without a complete energy
transition. At Schneider, our approach is to ‘Digitize Strategize,
Decarbonize’ - businesses, governments and societies must do this
now, to make good on the commitments they have made."
With 38% of global CO2 emissions coming from the
built environment, and a further 32% from industry1, Schneider
Electric’s products, software and services in the areas of
industrial automation and energy management help companies,
industries, building managers and households to decarbonize and
digitize their energy usage. Schneider Electric also offers
deep insights into decarbonization trends and solutions, through
surveys, research and in-depth reports compiled by the Schneider
Electric Sustainability Research Institute.
An independent survey of more than 500 C-suite
executives commissioned by Schneider last year found that
corporate sustainability commitments and investments are often
hampered by the complexity of decarbonization. On average, the
financial commitment to sustainability and decarbonization
initiatives across the companies surveyed was less than 2% of
projected revenue over the next three years - despite the fact such
investments are often efficient and cost-effective, with return on
investment often under one to three years. Respondents
highlighted stakeholder alignment, budget, technology, skills and
regulation as challenges to sustainability implementation. However,
a majority noted that enhanced industrial automation and the
upgrading of electrical infrastructure will form a key part of
their sustainability plan for the next three years.
Renewable energy procurement is among the top
initiatives pursued on the supply side, while electrification – a
key demand-side measure – scores low among organizations’
sustainability priorities. Alongside electrification, delivering
increased efficiency across existing infrastructure through
digitization and automation will be among the most important levers
in the next decade, being the fastest and most capital-efficient
means for many organizations to reduce emissions.
Embracing sustainability as a business
imperative, with digital solutions key to navigating the global
A further recent Schneider Electric report on
the EU’s electrification potential found that focusing on sectors
in which electrification is both feasible and attractive could
raise electricity’s share of the energy mix from around 20% to 50%.
In turn, the share of natural gas and oil would drop by around 50%,
contributing significantly to improved energy security. Schneider
Electric offers specific, practical solutions to help companies
navigate this transition more quickly and efficiently.
Schneider Electric points out that today’s
European energy crisis follows decades of secure, reliably
available energy and relatively stable pricing. Many are
experiencing for the first time unpredictable energy supplies and
unaffordable prices, demonstrating a failure both of long-term
energy security preparedness, and of the implementation of
decarbonization plans. This in turn underscores the importance of
reevaluating the entire energy equation, from the supply side
(energy transition) to the demand side (energy efficiency).
“Purpose and profits must align to become
powerful forces in the fight against climate change,” said Mr.
Tricoire. “We already have the technology to avert the energy and
climate crises, and to deliver safe, reliable, and sustainable
energy distribution and energy use. Our data-driven approach,
spanning industrial automation, digitization and the digital twin
technology of the enterprise metaverse, combines to unlock a
brighter, more sustainable and more prosperous future. The urgency
for action has never been greater than it is now.”
About Schneider Electric
Schneider’s purpose is to empower all to make
the most of our energy and resources, bridging progress and
sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for
Sustainability and Efficiency.
We drive digital transformation by integrating
world-leading process and energy technologies, end-point to cloud
connecting products, controls, software and services, across the
entire lifecycle, enabling integrated company management, for
homes, buildings, data centers, infrastructure and industries.
We are the most local of global
companies. We are advocates of open standards and partnership
ecosystems that are passionate about our shared Meaningful
Purpose, Inclusive and Empowered values.
1 IEA Global Energy Review: CO2 Emissions, 2021
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