Schneider Electric’s Circular Business Models Have Resulted in 12% Revenues According to World Economic Forum
DAVOS, Switzerland, January 23, 2019 /3BL Media/ - Schneider Electric, the global leader in digital transformation of energy management and automation, has won The Circulars 2019 award in the Multinational category. The Circulars, an initiative of the World Economic Forum and the Forum of Young Global Leaders, run in collaboration with Accenture Strategy, is the world's premier circular economy award program. It recognizes private and public organizations, as well as individuals, who make a significant contribution to the circular economy.
40,000 tonnes of primary resources avoided being consumed and 30 million tonnes of CO2 saved in 2018 thanks to the circular economy
Schneider Electric continues to deploy a growing range of services to help customers extend the life of aging electrical equipment as well as to upgrade it to the latest technology. This is done, for example, through its ECOFIT™ program, thanks to a global network of refurbishment centers for low and medium-voltage equipment circuit-breakers and UPS-es. Additional services exist to take-back and treat batteries and medium-voltage equipment at the end-of-life. In 2018, Schneider Electric's circularity initiatives helped avoid consumption of 40,000 tonnes of primary resources and reduced customers' CO2 emissions by 30 million tonnes, primarily through renovation of existing equipment (buildings, industry, infrastructure).
Schneider Electric also applies circularity principles across its supply chain. More than 170 sites across the world have the TZWL (Towards Zero Waste to Landfill) label and currently reuse 94% of their waste.