This award puts Schneider Electric ahead of its peers in terms of operating greener and fairer supply chains.
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 top international companies, with the highest scores across more than 100 indicators, including energy waste, occupational health, and diversity and equal opportunities.
This award commends Schneider Electric’s efforts to reduce its supply chains’ carbon emissions by more than 100,000 tons over the past three years. By the end of 2020, 80 percent of Schneider’s operations were powered by renewables, enabled by Schneider’s own technologies and leveraging renewable Power Purchase Agreements (PPAs).
By placing sustainability at the heart of its current supply chain strategy, known as the STRIVE (2021-2023) program, Schneider 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.
“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.”