Schneider Electric joins The Climate Group EV100 initiative
Published: 7 February 2020 - Carly Wills
Moving forward with its commitment to build a net-zero carbon world, Schneider Electric has announced its membership with The Climate Group’s EV100 initiative to launch a Green Fleet policy, which aims to replace 100% per cent of its car fleet with electric vehicles by 2030.
The announcement coincides with the launch of the 2020 Progress and Insights Annual Report which is released today, which shows demand for electric vehicles is on the up and that organisations are progressing fast towards their goals where models are available.
According to IPCC’s special report, global CO2 emissions need to be cut by 45 per cent by 2030 to limit climate change to 1.5°C globally. Electric mobility is key to achieving this future, coupled with decarbonisation, decentralisation and digitisation of energy.
However, adoption of electric mobility is slower than needed. With this commitment Schneider Electric wishes to demonstrate that a rapid shift is achievable, while securing driver comfort and costs. By 2030, Schneider Electric will convert 14,000 company cars in over 50 countries to EV. Schneider Electric will also install EV charging infrastructure in its major offices and factories by 2030, with flagship sites showcasing innovative EcoStruxure e-mobility architecture with microgrid technologies, asset management and new energy management systems.
In 2019, Schneider Electric accelerated its climate strategy, with notably the objective to achieve carbon neutrality in its own ecosystem by 2025 and net-zero emissions by 2030 as part of its validated 1.5°C SBT (science-based climate target). By Joining EV100 initiative, led by The Climate Group and bringing together influential businesses, Schneider Electric has committed to accelerate climate action. Transitioning to an electric fleet will enable the group to bring down direct CO2 emissions from company cars to zero by 2030.
In addition to transitioning its own vehicle fleet to electric, Schneider Electric also helps companies transition to electric fleets by investing and partnering with start-ups such as eIQ Mobility which is focused on fleet electrification consulting services and software, and DST that offers electric fleet logistics as a service and has over 16,000 electric vehicles. Schneider Electric is an investor and partner of Volta, whose innovative business model enables free EV charging for real estate owners and drivers in exchange for advertising.