#Sustainability #USA #Boston #Schneider Electric #PCAF

Schneider Electric Partners with PCAF

In a landmark announcement, Schneider Electric, a global leader in energy management and automation, has partnered with the Partnership for Carbon Accounting Financials (PCAF) as its inaugural global sustainability consultancy partner. This collaboration is officially effective from January 1, 2025. The partnership aims to enhance the ability of financial institutions to accurately measure and report their financed emissions.

A New Era of Sustainability in Finance

Schneider Electric, recognized for its commitment to sustainability, sees this partnership as a significant leap forward in aiding financial organizations in navigating their sustainability initiatives. By leveraging PCAF's well-established GHG accounting methodologies, Schneider Electric plans to guide these institutions through the complexities of climate-related goals while promoting a transition to a low-carbon future.

Erik Mohn, Vice President of Global Sustainability Consultancy Reporting Services at Schneider Electric, expressed enthusiasm for this achievement: "We are excited to be PCAF's inaugural global sustainability partner. This partnership underscores our dedication to equipping organizations with the tools and expertise needed for effective financed emissions accounting. Our joint objective is to improve the measurement and disclosure processes associated with investment-related emissions, thus aiding our clients in their decarbonization efforts."

The Importance of PCAF Accreditation

Joining PCAF's accredited partner program for consultancies requires a rigorous accreditation process, which includes completion of the comprehensive PCAF Academy training platform. Upon accreditation, Schneider Electric will utilize its extensive sustainability consulting experience to assist financial institutions in enhancing their GHG disclosures. This initiative will facilitate the integration of decarbonization strategies and implementation roadmaps into investment practices, ultimately fostering a range of new opportunities that contribute to societal well-being.

Bart Van Lunteren, Head of Partnerships for PCAF, remarked on the significance of this collaboration: “We look forward to working closely with Schneider Electric to enhance the capabilities of financial institutions in measuring and reporting their carbon emissions. Our accredited partnership program is vital to support these institutions on their path to decarbonization and is essential for accelerating the transition towards a sustainable and equitable global economy.”

Upcoming Insights on Sustainability

To deepen understanding about the implications of this partnership, Schneider Electric will host a webinar titled "Sustainable Impact Through Financial Accounting" on January 30th at 10 AM EST, in collaboration with ESG Today. This informative session will cover the global effects of the partnership while highlighting some of the emerging trends in ESG and financial accounting.

About PCAF

Founded in September 2019, the Partnership for Carbon Accounting Financials (PCAF) encompasses over 530 banks and investors working collectively towards developing a Global GHG Accounting and Reporting Standard for the Financial Industry. Participants are actively assessing climate-related risks and setting ambitious targets aligned with the Paris Climate Agreement.

About Schneider Electric

At the core of Schneider Electric’s mission is the goal to create positive impact by empowering stakeholders to optimize energy and resources. Their guiding principle, Life Is On, reaffirms their commitment to be a trusted partner in sustainability and efficiency.

As a leading industrial technology firm, Schneider Electric specializes in electrification, automation, and digitization across various sectors including smart industries, resilient infrastructure, and intelligent buildings. With a robust ecosystem encompassing 150,000 employees and over a million partners in more than 100 countries, they are dedicated to providing inclusive solutions for their customers and communities.

For more insights and updates on sustainability initiatives, follow Schneider Electric on social media or visit their website at www.se.com.