Schneider Electric

Electrical Components & Equipment
SU.PA
€ 114 (0.75)%
Share price
$ 62 bn
Market Cap
$ 74 bn
Enterprise Value

Carbon footprint

4 Ton
GHG emissions per $ 1 mln investment
0.1x the weighted average for S&P 500
FY2021
How is this calculated?
+2.1%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Schneider Electric aims to reduce Scope 1 + 2 by 100% by 2030 from a base year 2017


This target has not been verified as science based according to SBTi
Schneider Electric's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Schneider Electric aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
Schneider Electric's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Schneider Electric's GHG emissions (market-based) (Kt of CO2e)
Schneider Electric's Carbon intensity (Tons per 1 USDm)

Schneider Electric's carbon footprint

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.

Company environmental metrics

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