Schneider Electric

Electrical Components & Equipment

SU.PA

€ 207 0.92

Share price

$ 128 bn

Market Cap

$ 138 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.05x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -9.3% weighted average for S&P 500

FY2023

Schneider Electric aims to achieve carbon neutrality for Scope 1 + 2 by 2025

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

Schneider Electric aims to achieve net zero for all Scopes by 2050

1.5°C

GHG emissions and Carbon intensity

Schneider Electric reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 229 Kt (-65 /-22% y-o-y). Also positively, carbon intensity was down at 6.4 t (-2.2 /-25.6% y-o-y).

Schneider Electric's Scope 3 emissions tumbled to 60,952 Kt (-7,949 /-11.5% y-o-y). The performance has been erratic recently.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -76 Kt per annum over the period of FY2023 - FY2025. 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 2050, which translates into the estimated reduction of -2,185 Kt per annum over the period of FY2023 - FY2050. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Schneider Electric aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2025. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	229	120	110	60,952	36,071	6.4
2021Q4	294	141	153	68,902	34,307	8.6
2020Q4	288	143	145	65,921	29,460	9.8
2019Q4	437	181	257	74,256	30,524	14
2018Q4	570	190	381	70,765	30,408	19
2017Q4	471	187	386	67,413	27,931	17
2016Q4	467	86	381		26,956	17
2015Q4	468	90	378		29,840	16