Schneider Electric Enhances Supply Chain Transparency by Providing Environmental Data
Schneider Electric, a global leader in energy management and automation, has launched its Environmental Data Program to enhance transparency around product-level environmental impact. The initiative, which includes the mySchneider Portal and the Zeigo™ Hub, is making strides in supply chain sustainability, product transparency, and regulatory compliance.
## Supply Chain Sustainability
Schneider Electric's Zeigo™ Hub is designed to help companies manage and reduce Scope 3 emissions through supplier engagement and AI-driven collaboration. By engaging over 2,700 suppliers across multiple brand-sponsored programs, the company facilitates significant emissions reductions, contributing to a more sustainable supply chain ecosystem.
## Product Transparency
The mySchneider Portal provides easy access to detailed environmental product declarations and sustainability documents, enabling customers to make informed decisions about product sourcing and compliance. This transparency aids in accurate sustainability reporting, which is crucial for maintaining trust and compliance with environmental regulations.
## Regulatory Compliance
Schneider Electric's use of AI agents ensures data reliability and consistency across global reporting standards, which is essential for regulatory compliance. These agents help verify emissions data and identify anomalies, ensuring that companies can confidently report their sustainability metrics. By automating data collection and analysis, Schneider Electric's tools streamline the compliance process, allowing companies to focus on strategic sustainability initiatives rather than manual data management.
The Environmental Data Program currently includes 110,000 commercial references and aims to expand coverage to 155,000 references by the end of 2025. The program discloses 14 environmental data attributes, up from five, covering aspects like carbon footprint, energy efficiency, packaging, and recycled content.
The program responds to the increasing demand for transparency and accountability in environmental matters and is gaining significance in the context of global warming and the need for a more circular economy. It builds on the legacy Green Premium label and empowers companies to make more informed sourcing decisions, comply with ESG standards, and build greener operations.
The timing of the program aligns with broader global challenges, including 2024 being the hottest year on record. The circularity rate of the global economy remains at an estimated 7.2 percent, underscoring the need for initiatives like Schneider Electric's Environmental Data Program. The Program is a supply chain requirement, indicating that sustainability is no longer just a corporate goal for Schneider Electric, but a necessary component of their operations.
In conclusion, Schneider Electric's Environmental Data Program significantly enhances supply chain sustainability, product transparency, and regulatory compliance by leveraging advanced technology and data-driven insights. The program is a testament to Schneider Electric's commitment to a more sustainable and responsible future.
- Schneider Electric's Environmental Data Program, with its inclusion of AI agents, ensures reliable and consistent data, ensuring regulatory compliance for Scope 3 emissions.
- The mySchneider Portal, part of the Environmental Data Program, provides customers with detailed environmental product declarations, aiding in environmental reporting and greener sourcing decisions.
- The Zeigo™ Hub, another component of the program, engages over 2,700 suppliers, contributing to a more sustainable supply chain ecosystem, reducing emissions, and promoting a circular economy.
- The program's expansion plans aim to disclose 14 environmental data attributes, including carbon footprint, energy efficiency, packaging, and recycled content, addressing the growing demand for transparency and accountability in the industry and business environment.
