Home » WEF, McKinsey, recognizes Schneider Electric in the Circularity Lighthouse arena
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.
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.
One example is how Schneider Electric gives its MasterPact MTZ circuit breakers a second life. Refurbished at the MasterTech plant in France, these circuit breakers are from customers. At the end of their life, Schneider Electric disassembles, diagnoses, and upgrades the products. Then, said company, tests them before being put back on the market.
Circular business models and supply chain design are part of Schneider Electric’s IMPACT Supply Chain program. This is the next evolution of the company’s supply chain transformation. It aims to make a positive impact on both customers and the planet. Its key pillars are people, planet, customers, and performance.
About 22% of Schneider Electric’s product families now have a circularity option, and more than half of their manufacturing sites recover more than 99% of waste.