Schneider Electric launches Materialize program for Scope 3 decarbonization of natural resources
03 April 2024 - 6:54PM
Schneider Electric launches Materialize program for Scope 3
decarbonization of natural resources
- Materialize unites leading critical resource and
materials companies to reduce supply chain emissions by
guiding suppliers to understand and implement decarbonization
strategies- Leveraging Schneider’s Sustainability Business advisory
experts, the program will help suppliers participate in utility
scale, renewable power purchase agreements (PPAs)- Decarbonizing
materials will offer emission-reduction opportunities to broader
value chain and facilitate the transition to a low-carbon
economy
Schneider Electric, the leader in the digital transformation of
energy management and automation, today launched Materialize, a
supply chain decarbonization program designed to support companies
in the metals and minerals sector reduce carbon emissions across
their global supplier base.
As the world transitions to net-zero emissions and scales up
clean energy technologies, demand for minerals and metals will grow
exponentially. To meet this demand without furthering carbon
emissions, it is vital that companies collaborate to decarbonize
power supply, mitigate the environmental impact of the
energy-intensive processes related to these critical resources, and
reduce the sector’s Scope 3 emissions.
Materialize is a continuation of Schneider Electric’s suite
of supply chain decarbonization programs from its Sustainability
Business consulting division, which leverage the power of supply
chain cohorts for renewable energy procurement at scale. The
Materialize program will encourage the wider value chain to
transition to renewable energy sources by accelerating the
deployment of decarbonization projects and software, improving
access for suppliers to renewable energy solutions at scale, such
as power purchase agreements (PPAs).
“We are delighted to launch Materialize as our latest
collaborative program to reduce Scope 3 emissions. We have a strong
track record of working with customers to meet their sustainability
objectives, and this program will accelerate action in this
sector,” said Barbara Frei, Executive Vice President,
Industrial Automation at Schneider Electric. “Educating
suppliers within the sector’s wider value chain on the importance
of their operational models in closing net-zero ambition gaps is
vital if we are to decarbonize the sector. Materialize will drive
definitive next steps for the industry to lead the way.”
Lowering emissions is a challenging task due to the complexity
of the value chain, data availability and reliability, and the
difficulties in defining the breadth of the sector’s Scope 3
emissions. Suppliers lack expertise in decarbonization and face
barriers to progress, such as solution costs and availability.
Through Materialize, experts from Schneider Electric’s
Sustainability Business will simultaneously engage hundreds of
industry suppliers through digital technology platforms and guide
them on removing such barriers.
Industry collaborator, Global Mining Guidelines Group
(GMG), CEO Heather Ednie, said: “Through collaboration and
innovation, the partnership between GMG and Schneider Electric
seeks to revolutionize the mining supply chain, moving it even
further toward sustainability. As GMG members push the boundaries
of what is possible, Materialize will be instrumental in
disseminating knowledge to the industry at large, and establishing
clear pathways for it to become more sustainable.”
Materialize also has the potential to offer industries outside
of the sector a way to decarbonize their broader supply chain
ecosystems. by sourcing materials suppliers who prioritize
sustainable and low-carbon production methods.
“Measuring scope 3 emissions shines a spotlight on supply chains
and reinforces the importance of circularity. Materialize will help
to further circularity in the sector and beyond, and this is
something we support,” said Kunal Sinha, Global Head of
Recycling at Glencore.
Schneider Electric’s other programs include Energize, a
collaborative effort across the pharmaceutical industry with over
500 supplier companies already participating, and Catalyze for
semiconductor companies. Both were created to engage thousands of
suppliers simultaneously to drive swift and measurable action to
reduce program sponsors’ Scope 3 emissions. The portfolio
builds on Schneider’s foundational initiative, The Zero
Carbon Project, that provides resources and guidance to
program participants, encouraging ambitious decarbonization goals
with a deployment action plan to achieve it.
Contact: Schneider Electric Global Media Relations
global.pr@se.com
- Schneider Electric launches Materialize program for Scope 3
decarbonization of natural resources.pdf
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