Boosting Supply Chain Transparency with Environmental Data by Schneider Electric
Schneider Electric, a global leader in energy management and sustainability, has taken a significant step forward in promoting transparency and responsible sourcing with the launch of its Environmental Data Program. The program, unveiled in response to the evolving need for environmental accountability, aims to provide customers with detailed and accessible information on the environmental impact of Schneider Electric's products.
The program expands on Schneider Electric's existing Green Premium label, increasing the environmental data attributes disclosed from 5 to 14. These comprehensive data cover key metrics such as carbon footprint, energy efficiency, packaging, and recycled content. Currently, the program offers this detailed data online for 110,000 commercial references, with a goal to cover 155,000 references (approximately 80% of product turnover) by the end of 2025, up from 70% presently.
The transparency provided by this program has a direct impact on supply chain sustainability. It empowers customers and partners to make informed, data-driven decisions when sourcing products, facilitating businesses in tracking, understanding, and reducing their own environmental impact. This aligns sourcing decisions with sustainability objectives and regulatory compliance requirements, fostering responsible sourcing practices and helping companies meet evolving ESG (Environmental, Social, and Governance) standards and reporting obligations with confidence.
Schneider Electric's Environmental Data Program is an integral part of its broader sustainability initiatives, including the Schneider Sustainability Impact (SSI) initiative. The company has already achieved a 42% reduction in upstream carbon emissions from its top 1,000 suppliers and supports local and global initiatives that enhance energy resiliency and socio-economic development. By integrating the Environmental Data Program with these wider efforts, Schneider Electric strengthens the drive toward greener, more resilient supply chains and helps customers innovate beyond mere compliance towards strategic sustainability leadership.
In the face of global challenges such as the record-breaking heat of 2024 and the low circularity rate of the global economy at an estimated 7.2 percent, Schneider Electric's Environmental Data Program is a significant stride towards a more sustainable future. The program responds to the draft EU Green Claims Directive, which aims to increase transparency and accountability, underscoring Schneider Electric's commitment to driving better environmental choices across the supply chain.
For more detailed information about Schneider Electric's Environmental Data Program, please visit the ARC Advisory Group's blog at https://www.arcweb.com/blog/schneider-electric-launches-environmental-data-program-advance-product-transparency. The article provides a comprehensive overview of the program, its benefits, and its role in advancing supply chain sustainability.
- The expanded Environmental Data Program by Schneider Electric, with data attributes increasing from 5 to 14, targets coverage of 80% of its product turnover by 2025, enhancing transparency and fostering responsible sourcing in logistics and supply chain.
- As part of Schneider Electric's sustainability initiatives, the Environmental Data Program, integrated with the Schneider Sustainability Impact (SSI) initiative, helps businesses align sourcing decisions with sustainability objectives, reducing their environmental impact and meeting evolving ESG standards.
- Schneider Electric's Environmental Data Program plays a crucial role in addressing global challenges, such as climate-change and the low circularity rate of the global economy, by providing detailed information on the environmental impact of its products, which is in line with the draft EU Green Claims Directive.
- By leveraging the Environmental Data Program, Schneider Electric strengthens its commitment to driving better environmental choices across the supply chain, offering industry leaders in energy management and sustainability an opportunity to innovate beyond mere compliance towards strategic sustainability leadership, as outlined in the ARC Advisory Group's blog.
