Schneider Electric presents a new framework for future-proof buildings developed in collaboration with the World Economic Forum (WEF) to accelerate the investments needed to create a greener urban built environment
New modeling reveals a necessary two- to three-fold increase in the rate at which Europe’s building stock is modernized to meet Paris Agreement commitments
Company announces the creation of 2,500 green jobs worldwide to help accelerate climate action across all facets of the economy
MISSISSAUGA, Ontario, May 20, 2022–(BUSINESS WIRE)–Schneider Electric, the leader in the digital transformation of energy management and automation, calls for an urgent overhaul of investment priorities and greater collective action to drive global efforts on climate change at the upcoming WEF in Davos.
Scenarios from Schneider’s Sustainability Research Institute show that stimulating a demand-led transition is the only scenario in which emissions will fall fast enough to limit global warming to 1.5 degrees. The Research Institute will launch the Towards Net Zero Buildings: A Practical Path e-book in Davos, examining how to break the current impasse between supply and demand. Key findings include:
Only 1 to 1.5% of the building stock in Europe is renovated each year. Renovation levels must reach 3% per year to meet Paris commitments
Funding remains the biggest barrier to investing in sustainable buildings1 but investing in decarbonization technologies, digital and city ecosystem services maximizes value creation for all stakeholders
Energy efficiency technology offers significant opportunities to reduce energy consumption ranging from 10-60%, depending on geographies and quality of existing assets
Digital energy efficiency solutions deliver 20-30% carbon reduction across the building stock, delivering highly competitive returns on investment and cost savings for consumers well within 8 years in mean
The eBook provides a practical roadmap for governments and industries to balance the costs of energy transition with the added burden on communities, especially in today’s unpredictable climate. It also introduces a new Future-Proof Buildings Framework for Buildings developed in collaboration with the WEF that presents a model and toolkit to accelerate investments to decarbonize cities. Importantly, the framework emphasizes the need to create value for all. Through the adoption of existing technologies that reduce carbon and provide a net benefit to consumers, while creating value for the economy and communities.
Schneider Electric has embarked on its own sustainability journey, leading the way as an impact company for 20 years, and believes that accelerating action in a context of high and volatile energy prices requires change. of strategy. In addition to investments to increase renewable energy capacity, it is now essential to create demand for clean energy through a consumer-driven transition.
In line with this approach, Schneider Electric also announces the creation of 2,500 green jobs worldwide to help accelerate climate action in all facets of the economy. The jobs, primarily field service roles, will involve helping Schneider customers digitize and decarbonize facilities, modernize assets promoting a sustainable and circular economy approach, and provide advice on sustainable development.
“Investment in renewable energy must continue apace, but every energy transition in history has been driven by market demand. Shifting to a consumer-centric, demand-driven investment approach will not only lead to large-scale decarbonization, but will also achieve more encouraging results than current modeling suggests,” – declared Jean-Pascal Tricoire, Chairman and CEO of Schneider Electric. “Consumers are driving change. That means demand is driving change. The priority must be to disrupt demand with new technologies and bring benefits to the user.”
Schneider Electric representatives at DAVOS 2022
In his role as co-chair of the Forum’s Net Zero Carbon Cities initiative, Jean-Pascal Tricoire will call for a shift in investment priorities. This requires moving from cost-centric investment criteria to value criteria, extending the current focus on infrastructure to investments that fuel demand, and shifting from over-indexing hardware to solutions. durable software-based. He will also discuss the need for greater collaboration to move faster to a low-carbon economy.
Luc Remont, Executive Vice President of International Operations at Schneider Electric, will discuss the importance of digital technologies to enable the energy transition in emerging markets and major new partnerships in India, East Asia and South America to empower the workforce and train more people in energy management.
Barbara Frei, Executive Vice President of Industrial Automation at Schneider Electric, will discuss the implications of a shift to an increasingly supply-driven economy and how the transformation of a supply chain model linear supply in a circular model is essential for a sustainable future. She will discuss the challenges companies face in moving from resource-intensive production and consumption to efficient, low-carbon processes, as well as the role of technologies, collaboration platforms and interoperability in the resolution of these challenges. She will also discuss the need for manufacturers to refocus their digital transformation journeys towards workforce engagement to attract talent and create safer work environments. She will share her insights on how augmented automation can empower the workforce and improve productivity.
Peter Weckesser, Executive Vice President and Chief Digital Officer of Schneider Electric, will provide insights into the transformative role of data and artificial intelligence in advancing business strategies that simultaneously address the biggest challenges facing industries: resilience and decarbonization. He will also discuss the opportunities and values that can be captured today through digital ecosystem collaboration and the deployment of innovative technologies at scale – and across the enterprise.
See below for details of public sessions with Schneider Electric spokespersons:
Topic: The augmented crafting experience
Speaker: Barbara Frei, Vice President of Industrial Automation
Date: Monday May 23
Weather: 8:15 a.m. – 9:00 a.m. CET
Topic: Unleashing Digital Innovation for Net Zero
Speaker: Jean-Pascal Tricoire, Chairman and CEO
Date: tuesday 24 may
Weather: 9:30 a.m. – 10:30 a.m. CET
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1 WGBC “Beyond the Business Case”
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220520005272/en/
Media Relations – Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: [email protected]