Schneider Electric India Wins Golden Peacock Award for Best-in-Class Energy Efficiency

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Mumbai, July 09, 2024: Schneider Electric, the global leader in the digital transformation of energy management and NextGen automation, has been honoured with the prestigious Golden Peacock Award for exceptional energy efficiency initiatives at its Chennai plant. This covers exceptional performance in various areas such as energy policies, training & performance monitoring practices, energy conservation and improvement efforts, and communication of best practices. These efforts have resulted in an impressive ~ 33% improvement in energy efficiency over the past three years, leading to a substantial reduction of 6,368 tonnes of CO2 emissions.

Through focused energy-efficiency initiatives, 1/3rd of the plant’s energy now comes from renewable sources, aligning with Schneider Electric’s goal of reaching 100% green energy usage within five years. This outstanding accomplishment underscores the plant’s commitment to sustainability and environmental responsibility.

Deepak Sharma, Zone President – Greater India, MD & CEO, Schneider Electric India, said, ” At Schneider Electric, we believe that electrification is the most potent tool for decarbonization. We understand that technology-infused, energy-efficient factories are pivotal for manufacturers to drive innovation and attain operational excellence. Our dedication to sustainability remains resolute, and we are immensely proud of the acknowledgment of our Chennai plant’s energy efficiency initiatives, exemplified by the prestigious Golden Peacock Award. This accolade is a testament to our endeavours in shaping the factories of the future, and we are committed to setting similar high standards throughout our 31 factories in the country.”

Venkat Garimella, Vice President – Sustainability, Schneider Electric India, added, “At the core of Schneider Electric’s heritage lies a steadfast dedication to energy efficiency and a sustainable tomorrow. Our pride stems from ongoing investments in technological innovations and progress, coupled with a robust approach to responsible energy management across our factories, products, and services. By nurturing a culture that champions energy-efficient practices and decarbonization, we remain steadfast in our pursuit of environmental distinction. Over the next five years, Schneider Electric will unwaveringly follow its definitive path to embracing 100% renewable energy. Through this accolade, we take immense pride in setting the standard for the creation of greener, sustainable smart factories.”

Building energy-efficient and sustainable factories in India aligns with Schneider Electric commitment to environmental responsibility and innovation. Embracing sustainable practices not only benefits the environment but also contributes to long-term cost savings and a positive impact on local communities. Schneider Electric currently has 31 factories in India and has targeted an investment of ~INR 3200* Crore in expanding its Industrial footprint with the addition of ~1,200,000 sq.ft. up to 2026, as part of its continued commitment towards Atmanirbhar Bharat.