Schneider Electric has committed to using 100% renewable electricity and doubling its energy productivity by 2030.
The energy management and automation firm has joined two global initiatives to achieve these goals – the RE100 movement to use only clean power and the EP100 scheme to get twice the economic output from every unit of energy consumed.
These commitments will cover more than 1,000 electricity consuming sites around the globe, including 200 factories.
Schneider Electric plans to leverage a wide range of renewable energy sources, including solar, wind, geothermal and biomass.
These will include onsite generation, such as its existing solar rooftops at its sites in India and Thailand, as well as geothermal equipment at its flagship office in France.
Using these technologies it hopes to achieve an preliminary target of 80% renewable electricity use by 2020.
The firm will also invest in the long-term procurement of offsite renewables through Power Purchase Agreements (PPAs), Energy Attribute Certificates (EACs) and green tariffs.
Emmanuel Lagarrigue, Chief Strategy Officer and Executive Vice President at Schneider Electric said: “The commitments we have made today in joining RE100 and EP100 to source 100% renewable electricity and reflect on the doubling of our energy productivity are a demonstration of how consumers and business can be empowered to ensure the affordability, resilience, sustainability and security of the energy that they consume.”