Schneider Electric

Schneider Electric reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 294 Kt (+6.2/+2.1% y-o-y). At the sime time, carbon intensity decreased to 8.6 t (-1.2 /-12.2% y-o-y).

Schneider Electric's Scope 3 emissions was up at 68,902 Kt (+2,981/+4.5% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +0.4% since 4Q'17).

The company is committed to reducing Scope 1 + 2 by 100% by 2030 from a base year 2017, which translates into the estimated reduction of -33 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -3,642 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 35% by 2030 from a base year 2017, which translates into the estimated reduction of -2,787 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Schneider Electric also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. 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.