That’s a clear indication that companies recognize the positive benefits these efforts bring. There is ample proof to validate the same. Organizations that actively manage for climate change see an average of 67% higher return on equity than companies that don’t. In addition, the nearly 80,000 emission-reducing projects reported by 190 Fortune 500 companies in 2016 returned almost $3.7 billion in savings. A groundswell of new technology means that it’s increasingly easier for companies to meet their energy and environmental goals.
Schneider Electric accelerates its ambition and celebrates its longstanding commitment for climate notably by helping its customers to save 100 million tons of carbon emissions thanks to cleantech solutions. Schneider has also aligned with the French Pavilion to participate in the Expo 2020 Dubai to showcase ‘Energy’ as the basis of economic development and open new doors that facilitate access to healthcare, agriculture and better overall living conditions. Ultimately, Schneider’s aim is to exchange best practices with members of the French Business Council Dubai, and with organizations across the Arabian Gulf, and worldwide.
Providing electricity using renewables to make electricity available to more than 1 billion people worldwide without energy access has the potential to create millions of good jobs, however despite increasing demand, a shortage of the skilled workforce needed to deliver electricity access is large and growing. In fact, it is projected that by 2030 there will still be 674 million people without access to energy.
It is for this reason that the United Nations have established Sustainable Development Goal 7 (SDG 7) as a key initiative for ensuring access to affordable, reliable, sustainable and modern energy for all by 2030. Schneider Electric advocates that the goal can be attained if the right combination of technologies, modernized regulatory and financial business models, and local training is implemented.
Hanan Darwish, Cluster President – Gulf and Pakistan, Schneider Electric said: “Schneider Electric has committed to train 1 million solar technicians by the year 2025 and is also supporting ground-breaking research on the job creation potential from energy access through the Powering Jobs initiative. This global campaign, made possible in collaboration with the Rockefeller Foundation, ensures the needed skills and jobs in clean, distributed energy are created to achieve universal electricity access and to employ the energy workforce of the future, especially women and youth. The campaign will create powerful evidence and stories to elevate and legitimize skills and training and ensure building the new energy workforce is at the center of international and national development policy. If we solve the access to energy challenge using renewable solutions, as many as 4.5 million jobs can be created globally by 2030.”