Schneider Electric has been recognised by the World Economic Forum and McKinsey as one of three global Circularity Lighthouses in the built environment.
This new designation recognises pioneering circularity solutions that demonstrate innovation, substantial impact and value, and maturity of scale. The new lighthouses were selected by an independent panel of experts from industry, academia and public life.
The World Economic Forum defines the built environment as residential and commercial infrastructure. Together, this is responsible for 39% of energy-related CO2 emissions, 33% of material consumption and waste generation, and 25% of land system change. The Forum’s Circular Lighthouse network provides companies with a way to share and learn from one another, to accelerate action rapidly and scale for greater resource efficiency.
Schneider Electric was recognised by the World Economic Forum and McKinsey for its end-to-end circular approach across a broad portfolio of its energy and building automation solutions. Through eco-design, waste-to-resources sites and a global network of refurbishment centres, Schneider Electric has avoided approximately 513 million tons of CO2 going to customers since 2018.
The company also uses 27% green materials across its products with the ambition to reach 50% by 2025. More than half of its manufacturing sites recover more than 99% of waste.
“Circular business models offer compelling sustainability and commercial benefits,” said Peter Herweck, Schneider Electric’s chief executive officer. “We look forward to the opportunities this new Circularity Lighthouse network offers to learn, share, and accelerate action.”
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