Schneider Electric

"Schneider Electric has committed to achieving net zero CO2 emissions by 2050. Net Zero Tracker
Their interim target is to reduce emissions by 35.0% relative to 2017 emissions by 2030. Net Zero Tracker
They also aim to deliver 800 million tons of saved and avoided CO2 emissions to their customers by 2025 and reduce CO2 emissions from their top 1,000 suppliers’ operations by 50% by 2025. Net Zero Tracker
An interesting fact about their environmental policy is that they are working towards 100% renewable electricity, doubling energy productivity, and transitioning to an all-electic company vehicle fleet. Net Zero Tracker
In …"

Current Score (vs. LY)

68.9 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #15

CAC40: #6

Industrials: #1

100.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

72.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

33.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 140,936142,149179,834
Scope 2 - location-based 413,683385,037461,419
Scope 2 - market-based 153,115145,207256,542
Scope 1-2 - location-based 554,619527,186641,253
Scope 1-2 - market-based 294,051 287,356 436,376
Scope 3 68,874,85866,144,37673,538,946
Total - location-based 69,429,47766,671,56274,180,199
Total - market-based 69,115,743 66,060,573 73,907,329

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 58,008,486167,489,745
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Schneider Electric belongs to the sector Industrials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 25.0 2021 2030
S1S2S3MKT 90.0 2021 2050

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050
S1S2MKT NO 2025
S1S2S3MKT FULL 2040

Science-based Targets (SBTI)

Date Published / Updated :01/09/2019

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 Targets Set : 1.5°C by 2050 Yes by 2050
Schneider Electric is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target
French multinational corporation Schneider Electric commits to reach net zero greenhouse gas emissions across the value chain by 2050 from a 2021 base year.
Near-Term Targets
French multinational corporation Schneider Electric commits to reduce absolute scope 1 and 2 GHG emissions 76% by 2030 from a 2021 base year. Schneider Electric also commits to increase annual sourcing of renewable electricity from 82% in 2021 to 100% by 2030. Schneider Electric further commits to reduce absolute scope 3 GHG emissions 25% by 2030 from a 2021 base year.
Long-Term Targets
French multinational corporation Schneider Electric commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2021 base year. Schneider Electric also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Schneider Electric by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Other conditions
Plans for carbon dioxide removal (CDR) Not Specified

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 -
Transparency 30.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 5.833333333333334 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 3.103448275862069 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 28.936781609195403 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 10.0 10.0 -
Results 10.0 30.0 -
Total 68.9 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2025 4.2 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 3.1
3.1 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
YTD reduction objective is not valid
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %): 3.1
Actual (in %): -4.6
0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.4°C 10.0 / 10.0 -
Total 68.9 / 100.0 -


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2019 2018
Source NZPDU Public Yourstake NZPDU Public NZPDU NZPDU
Publication Year 2022 2023 2022 2021 2023 2020 2019
Scope 1 140,936 140,936 140,936 142,149 142,658 179,834 174,705
Scope 2 - location-based 413,683 NA NA 385,037 NA 461,419 470,192
Scope 2 - market-based 153,115 153,115 153,115 145,207 145,207 256,542 380,561
Scope 1-2 - location-based 554,619 140,936 140,936 527,186 142,658 641,253 644,897
Scope 1-2 - market-based 294,051 294,051 294,051 287,356 287,865 436,376 555,266
Scope 3 68,874,858 68,901,866 68,901,866 66,144,376 65,921,222 73,538,946 71,605,776
Total - location-based 69,429,477 69,042,802 69,042,802 66,671,562 66,063,880 74,180,199 72,250,673
Total - market-based 69,115,743 69,195,917 69,195,917 66,060,573 66,209,087 73,907,329 72,111,042

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog