Schneider Electric spearheads digital transformation for a smarter and greener energy future

For Schneider Electric, digitization and electrification are intertwined, crucial parts of our sustainability transition.

The global leader in the digital transformation of energy management and automation has a clear value proposition on sustainability: to lead ESG by example in their ecosystem, and serve as the digital partner for sustainability and efficiency for their customers.

“Businesses are undergoing a dual transformation: sustainable and digital,” says Jonathan Chiu, President of Schneider Electric Hong Kong.

“Companies are stepping up ambition and action to decarbonize and build resilience. At the same time, the transition to a low-carbon future will rely on technological innovations that will allow us to make smarter and faster decisions. The good news is that technologies already exist to deliver this future that we are striving towards.”

Digitization + Electrification = Sustainability

Schneider Electric believes that a more digital and electric world is key to a sustainable and resilient future.

With digital innovation and smart devices, apps, analytics, and software, the invisible becomes visible. This enables us to see and monitor how we deploy energy, in turn driving efficiency, eliminating waste, and addressing a huge amount of untapped potential for energy savings.

Second, electricity is the most efficient energy, and represents the best vector for decarbonization.

And a combination of the two makes a future which is smarter and more sustainable.

Together with its customers and partners, Schneider Electric is accelerating sustainability action by providing smart energy in homes, buildings, data centers, industries, infrastructure, and grids – at all stages of their lifecycle.

Do well and do good, and embed ESG into the company’s DNA

Schneider Electric executes a comprehensive corporate sustainability strategy with decarbonization goals as its core.

The Schneider Sustainability Impact (SSI) program, which represents the company’s continuous improvement process to deliver outstanding ESG performance in line with its business strategy, is built on six long-term commitments.

They are to act for a climate-positive world, be efficient with resources, live up to principles of trust, create equal opportunities, harness the power of all generations, and empower local communities.

Drive green business and support customers to decarbonize through digital solutions

As part of the SSI, Schneider Electric has pledged to help customers save and avoid 800 million tons of CO2 emissions by 2025.

At the heart of this commitment is the EcoStruxure™ platform, which represents the company’s backbone connecting best-in-class operational technology (IO) solutions with the latest in information technology (IT) to unlock trapped value in operations, and leverage the true potential of the Internet of Things (IoT).

While decarbonization of buildings has become a top priority in Hong Kong and cities worldwide, action needs to happen three times faster. To this end, Schneider Electric has identified a three-step approach – strategize, digitize, decarbonize – coupled with high environmental performance products and full transparency on environmental impact with Green Premium™ offers, to bridge net-zero ambition and action for the built environment.

A prime example is Schneider Electric’s collaboration with Swire Properties. With 21 buildings and 47,000+ data points connected across Hong Kong and the Chinese mainland, Schneider Electric’s cloud-based energy management platform is expected to save 10-20% of the portfolio’s energy costs annually.

Inspire the community to maximize impact   

For Schneider Electric, the climate challenge is one which goes beyond the capabilities of individual companies, industries, and geographies.

“Collaborations are key to ensuring that our efforts create meaningful impact,” says Jonathan Chiu, President of Schneider Electric Hong Kong. “The curation of the recently concluded Innovation Summit Hong Kong 2023 embodied the essence of this belief, by convening a record 780+ business leaders and sustainability practitioners spanning multiple industries and sectors to exchange on the disruptions needed for delivering a more sustainable future.”

This year’s Schneider Electric Innovation Summit Hong Kong featured a distinguished line-up of more than 30 industry changemakers, as well as strategic partnerships with the Business Environment Council, the Hong Kong Green Building Council, and the International Facility Management Association (Hong Kong Chapter) – all contributing to a thought-provoking agenda uncovering the power of digital technologies and collaboration.

The event was made more impactful with a new partnership with Friends of the Earth (HK) to plant one tree on behalf of each in-person attendee in Hong Kong.

The convergence of sustainability and digitization is creating a new set of challenges for businesses, making it more important for leaders to turn to digital solutions to address our environmental impacts. To this end, Schneider Electric is uniquely positioned to join the dots for a future that is more efficient, resilient, and sustainable.