WEF, McKinsey, recognizes Schneider Electric in the Circularity Lighthouse arena
15 Jan 20242 min read
Summary
- Schneider Electric has been recognised by the World Economic Forum (WEF) and McKinsey & Company as one of three global “Circularity Lighthouses” in the built environment, underscoring its leadership in circular business models.
- The company’s end‑to‑end circular strategy spans eco‑design, waste‑to‑resources sites and a global refurbishment network, enabling it to avoid approximately 513 million tons of CO₂ for customers since 2018, with 27% of its materials now green and a target of 50% by 2025.
- Its “IMPACT Supply Chain” programme integrates the circular model into supply‑chain design, emphasising people, planet, customer and performance, while more than half of its manufacturing sites reportedly recover over 99% of waste and 22% of its product families now have a circularity option.
Schneider Electric, a leader in the digital transformation of energy management and automation, has been recognized by the World Economic Forum (WEF) and McKinsey as one of three global Circularity Lighthouses in the built environment.
Said new designation recognizes pioneering circularity solutions that demonstrate innovation, substantial impact and value, and maturity of scale. An independent panel of experts from the industry, academia, and public life chose the new lighthouses.
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“Circular business models offer compelling sustainability and commercial benefits. We look forward to the opportunities this new Circularity Lighthouse network offers to learn, share, and accelerate action,” said Peter Herweck, Schneider Electric’s Chief Executive Officer.
The WEF defines the built environment as a residential and commercial infrastructure. It renders 39% of energy-related CO2 emissions, 33% of material consumption and waste generation and 25% of land system change.
Notably, the forum’s Circular Lighthouse network provides companies a way to share. It is also to learn from one another to rapidly accelerate action and scale for greater resource efficiency.
In regards, Schneider Electric was lauded as per its end-to-end circular approach. It has a broad portfolio of energy and building automation solutions.
Through eco-design, waste-to-resources sites, and a global network of refurbishment centers, Schneider Electric has avoided approximately 513 million tons of CO2 since 2018. The company also uses 27% green materials across its products with the ambition to reach 50% by 2025.
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