- New partnerships for education in energy management within the framework of the Schneider Electric Foundation
- Investments in social and cooperative enterprises, promoting improvement in daily living conditions thanks to energy
- Development of a tailored energy management offer to help people in fuel povert
Rueil-Malmaison (France), May 29, 2013 – Today Schneider Electric is announcing the launch of a programme to fight fuel poverty in mature economies. For the Group, the global specialist in energy management, the aim is to tackle the energy gap by committing to populations at the base of the pyramid all over the world.
With this programme to fight fuel poverty, Schneider Electric intends to develop, in mature economies, a similar approach to that already taken by the Group since 2009 promoting access to energy in new economies (i.e. BipBop¹). The first actions will focus on three main initiatives:
- Awareness and training of underprivileged populations, via partnerships with associations fighting fuel poverty. Recent partnerships developed by the Schneider Electric Foundation, under the aegis of Fondation de France, are committed to this approach;
- Investment in social and community enterprises focused on achieving better living conditions through clean and efficient energy. The impact-investment fund Schneider Electric Energy Access is instrumental in this field;
- Development of a dedicated and well-targeted offer for people in fuel poverty to help them measure their consumption and acquire fuel-saving habits in the long term.
« We are using innovation to reduce the energy gap we can see throughout the world. Although a third of our planet’s inhabitants benefit from secure, affordable energy, there are 1.3 billion people still without access to electricity and hundreds of millions in mature countries whose energy bills leave them in a situation of fuel poverty. Schneider Electric has set itself the goal of providing innovative solutions to tackle both problems, and this priority is at the heart of its economic and social responsibility », said Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric.
« Schneider Electric is setting up an ecosystem adapted to both new and mature economies, combining business and philanthropy with community, public and private partners, explained Gilles Vermot Desroches, Sustainability Senior Vice-President of Schneider Electric and General Delegate of the Schneider Electric Foundation. These ecosystems enhance development for the populations at the base of the pyramid which benefit from it, but also drive innovation and value creation for Schneider Electric and its stakeholders. »
As with the initiatives for access to energy, employees and retirees from Schneider Electric will have the option of participating in these programme to tackle fuel poverty. They will be offered assignments by the Schneider Electric Teachers association, created in 2012 to foster volunteering amongst our skilled personnel.
The BipBop access to energy programme is continuing in parallel with this new commitment from Schneider Electric. Since 2009, 1.7 million households in new economies have gained access to reliable, affordable and clean energy thanks to Schneider Electric solutions; more than 25,000 people have been trained in energy management, and the dedicated investment fund has invested in three companies in Africa and India.
¹Acronym standing for Business, Innovation & People at the Base Of the Pyramid.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructure, Industries & Machines Manufacturers, Non-residential Building, Data Centers & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group's 140,000 plus employees achieved revenues of 24 billion euros in 2012, through an active commitment to help individuals and organizations make the most of their energy.
About the Schneider Electric Foundation
Created in 1998, the Schneider Electric Foundation contributes, together with its partners, to providing solutions to the energy challenges facing the most underprivileged populations all over the world. In new economies, the Foundation supports vocational training in energy management, contributing to Schneider Electric’s access to energy program, BipBop. In mature economies, the Foundation fights against fuel poverty, offering education and awareness programs for households in this situation. In both cases, the commitment of Schneider Electric employees is at the heart of the Foundation’s activities.