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 science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

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 science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.