Collaboration aims to accelerate the adoption of renewable energies and reduce greenhouse gas emissions within the pharmaceutical value chain
Schneider Electric will design and implement a global program, convened by its partner Carnstone
MISSISSAUGA, ON, November 10, 2021 / CNW / – Schneider Electric, the global leader in the digital transformation of energy management and automation, which was recognized in 2021 as the most sustainable company in the world by the Corporate Knights Global 100 index, and Carnstone, an independent management consultancy specializing in corporate responsibility and sustainability, announced today Energize – a program aimed at increasing access to renewable energies for pharmaceutical suppliers.
The Energize is a collaboration between 10 global pharmaceutical companies to engage hundreds of suppliers in bold climate action and decarbonization of the pharmaceutical value chain. The program is a one-of-a-kind effort to leverage the scale of a single industry’s global supply chain in a precompetitive manner to drive system-level change. Creating life-saving medicines and services requires a lot of energy, much of which is used by the value chain. By proactively engaging with their suppliers to create renewable energy opportunities, the 10 organizing companies are taking meaningful steps to collectively address their energy use and inspire other industrial sectors to follow suit.
The program will help pharmaceutical and healthcare suppliers reduce their own Scope 2 greenhouse gas emissions through green energy purchases, which in turn will reduce Scope 3 emissions from participating companies. . The program will be designed and delivered by Schneider Electric; pharmaceutical companies will promote the program collectively and individually invite their suppliers to participate. Members of the corporate program include:
Johnson & johnson
The Energize will enable pharmaceutical suppliers to learn more about the adoption and procurement of renewable energy. In practice, this will mean giving suppliers – who otherwise might not have the internal resources or expertise available – the opportunity to participate in the Power Purchase Agreement (PPA) market.
“On the occasion of the ‘Energy Day’ of the 2021 United Nations Conference of the Parties (COP26) on climate change, representatives from around the world have come together to accelerate action on climate change mitigation, ”said Susan uthayakumar, President, Sustainable Company at Schneider Electric. “In support of this mission, we are honored to launch the Energize program and to work with the pharmaceutical industry to reduce emissions, which will benefit both people and our planet.
“We believe that Energize will be a truly effective collaboration between pharmaceutical companies seeking to take bold climate action. Each company should aggressively move towards using 100% renewable electricity and support its chains of supply to do the same, “said Sam kimmins, head of RE100, Climate Group.
Sourcing renewable energy can be difficult for businesses of all sizes for a variety of reasons. The Energize The program is designed to overcome typical market barriers, such as inadequate knowledge of renewable energy transactions, load size, lack of credit, and the need for guidance throughout a procurement process. complex and protracted markets. Participating suppliers will experience the renewable energy market, receive advice on PPAs, and have the opportunity to access and contract renewable energy on their own or as part of a cohort of collaborative buyers.
The program will initially focus on suppliers with an energy load in Europe and North America, with the intention of expanding globally where the interest and opportunities of the renewable energy market align.
“Limiting global warming to safe levels will depend on the whole world switching to renewable energy. It is not something that companies can achieve on their own. We strongly believe in the power of collaboration and are honored to bring the pharmaceutical industry together to drive the adoption of renewable energy in their supply chains, ”said Glynn roberts, Senior Partner, Carnstone.
Summoned by Carnstone, the Energize program will be designed and delivered by Schneider Electric. Schneider’s team of renewable energy experts will engage with participating pharmaceutical suppliers and facilitate a training and project selection process to advance suppliers towards executing individual and aggregate renewable energy purchases. Schneider Electric is the world’s leading consultant on corporate renewable energy purchasing, having advised companies on more than 150 utility-scale PPA purchases across North America, Europe, India, Australia, and Latin America for a total of over 11,000 megawatts of wind and solar power. The Energize The program will be powered by Schneider’s NEO Network ™, a global collaboration platform and community designed to accelerate decision-making and decarbonization in renewable energy.
Pharmaceutical suppliers, other pharmaceutical, bioscientific and healthcare companies, members of the media and interested parties are invited to participate in an introductory session to learn more about the program and how to participate: Thursday November 11, 10:00 a.m. EST | 16:00 CET – register here
About Schneider Electric
Schneider’s goal is to enable everyone to make the most of our energy and resources, by combining progress and sustainability for all. We call it life is safe.
Our mission is to be your digital partner for sustainability and efficiency.
We drive the digital transformation by integrating leading-edge process and energy technologies, products, controls, software and endpoint-to-cloud connection services, throughout the lifecycle, enabling management of integrated enterprise, for homes, buildings, data centers, infrastructure and industries.
We are the most local of the global companies. We are advocates of open standards and partnership ecosystems passionate about our shared, inclusive and empowered values.
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SOURCE Schneider Electric Canada inc.
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