World Economic Forum lauds Schneider Electric for net zero emissions

A global specialist in energy management and automation, Schneider Electric, has been recognized by the World Economic Forum (WEF) for its industry-leading reductions in Scope 1, 2, and 3 emissions, including its advancements in promoting a circular economy.

The firm announced this in a statement titled ‘World Economic Forum Recognizes Schneider Electric’s Wuxi, China Factory as a Sustainability Lighthouse.’

According to the firm, designated an Advanced Lighthouse in 2021, this latest recognition for Wuxi specifically acknowledges the factory’s advanced solutions to reduce its environmental impact.

Schneider Electric now has the highest number of Sustainability Lighthouses of any company, with four of the 25 globally, including Hyderabad, India; Lexington, Kentucky; and Le Vaudreuil, France.

Schneider Electric’s Wuxi campus is an electronics manufacturing center that produces key products for the company’s two business units, Energy Management and Industrial Automation. In 2022, the site achieved net zero for Scope 1 and 2 emissions, eight years ahead of its goal.

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Through AI-powered eco-design, a closed-loop CO2 tracking platform with suppliers, machine learning models to improve energy efficiency, and new circular business models developed in partnership with customers, the site has reduced its Scope 1 and 2 emissions by 90%, Scope 3 emissions by 65%, and water use by 15%, all in two years.

The firm’s Chief Supply Chain Officer, Mourad Tamoud, noted that the Wuxi campus and the other Sustainability Lighthouse facilities across the globe demonstrate their commitment to sustainability goals and how essential supply chain operations are to realise them.

Head of the Centre for Advanced Manufacturing and Supply Chains at the World Economic Forum, Kiva Allgood, affirmed that the sustainable lighthouse network and digital technologies are critical in revolutionizing production ecosystems.

He said, “From AI-driven control towers to zero-code workflows, Lighthouses exemplify sustainable innovation, setting benchmarks millions can follow to drive transformational change across the entire ecosystem.”