- 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
-
Zymeworks Announces FDA Clearance of Investigational New Drug Application for ZW171, a novel 2+1 T-cVANCOUVER, British Columbia, June 17, 2024 (GLOBE NEWSWIRE) -- Zymeworks Inc. (Nasdaq: ZYME), a clinical-stage biotechnology company developing a di2024-06-17
-
Indonesia Stock Exchange Partners with Nasdaq to Upgrade Market InfrastructureTechnology partnership will further enhance overall resilience and integrity of the exchange, while supporting the rapid deployment of new products2024-06-17
-
Adalvo 的 Liraglutide 預充式注射筆成為歐盟首款獲得批准的仿製藥馬爾他聖瓜安, June 17, 2024 (GLOBE NEWSWIRE) -- Adalvo 宣布 Liraglutide 預充式注射筆成功取得 DCP 批准,成為歐盟首款獲得批准的仿製藥。 根據 IQVIA 的報2024-06-17
-
促进生育,助力三胎——“三胎免费生”联合公益行动正式启动为积极响应国家号召实施三胎生育政策,扩大妇幼服务健康供给,在云南省优生优育妇幼保健协会指导下,昆明广播电视台联合昆明安琪儿妇产医院,于6月13日在昆明广播2024-06-17
-
学党史传承红色精神 守党纪筑牢自律防线——平安养老险湖南分公司党支部开展主题党日活动七一前夕,平安养老险湖南分公司党支部全体成员走进“千年学府、百年师范”——湖南第一师范,开展了一次学史明理、学史增信、学史崇德、学史力行的主题党日活动。重2024-06-17