Company Announcement - • Energy Action Program honored for reducing core energy consumption by almost 13 percent and carbon emissions by more than 16 percent

Schneider Electric, the global specialist in energy management, has been recognized for its efforts to conserve and manage energy consumption at more than 300 company facilities around the world.  The company was honored with a Stewardship Award at the 2014 Platts Global Energy Awards.  “Energy efficiency is in our DNA, so we are especially proud to be recognized for the extensive efficiency programs we’ve implemented in our own facilities,” said Chris Hummel, Chief Marketing Officer, Schneider Electric.  “We continuously help companies and individuals across the globe get more value out of the energy they consume while reducing emissions, and this honor from Platts is strong recognition of that record of achievement and our commitment to adopt best practices internally.”

Schneider Electric received the Stewardship Award for Efficiency Initiative in the Commercial End-User category for results achieved through the company’s Energy Action Program.  Stewardship Awards honor exemplary achievement in strategic vision, industry leadership, stewardship and innovative technologies.

Schneider Electric launched the Energy Action Program in 2011, embarking on an ambitious plan to employ its own best practices and develop new energy savings techniques at its own facilities around the world through a focus on innovation, sustainability and operational excellence.  By the end of Q3 2014, Schneider Electric had exceeded Program targets by reducing core energy consumption by almost 13 percent and carbon emissions from transportation by more than 16 percent.  At the same time, the company has increased revenue from Green Premium products to more than 70 percent of its total business – another key goal of the Program.  

Over the past 15 years, the Platts Global Energy Awards have honored and recognized those who have transcended the status quo in the name of excellence in leadership, innovation and performance in the energy industry.  More than 200 nominations are received each year from more than 25 countries.  The entries are judged by a prestigious panel that includes leading academics, legislators, energy ministers, regulators and industry luminaries.  The annual Platts Global Energy Awards are presented at an annual banquet, held this year on December 11 in New York City.