Schneider Electric Joins Forces with PCAF as First Global Sustainability Consultant

BOSTON, Jan. 16, 2025 /PRNewswire/ – Schneider Electric, a trailblazer in energy management and automation, has just unveiled an exciting new chapter in sustainability. The company has teamed up with the Partnership for Carbon Accounting Financials (PCAF), becoming their very first global sustainability consultancy partner, effective January 1, 2025. This game-changing collaboration is set to revolutionize how the financial sector tackles climate challenges.

Schneider Electric has long been at the forefront of sustainability, and now it’s helping financial institutions measure and reduce their carbon footprints. By leveraging PCAF’s greenhouse gas (GHG) accounting standards, Schneider will empower banks, investors, and other financial players to track and report their financed emissions with precision, ultimately driving a low-carbon future.

"We’re excited to be PCAF’s first-ever global sustainability partner," said Erik Mohn, Vice President of Global Sustainability Consultancy & Reporting Services at Schneider Electric. “Together, we’ll make a real impact by improving emissions measurement and reporting, helping our clients accelerate their decarbonization efforts."

Through this partnership, Schneider Electric will tap into its extensive experience in sustainability consulting to help financial institutions refine their GHG disclosures and integrate decarbonization strategies into their investment portfolios. The goal? Unlocking new opportunities while making the world a greener place.

“This partnership marks a pivotal moment for the financial world,” said Bart Van Lunteren, Head of Partnerships at PCAF. “Working with Schneider Electric will enhance the ability of financial institutions to measure and report carbon emissions, playing a crucial role in driving a global transition to a more sustainable, equitable economy.”

Want to dive deeper? Join the upcoming webinar, “Sustainable Impact Through Financial Accounting,” on January 30 at 10 AM EST, hosted by ESG Today. The session will explore the exciting possibilities this partnership brings, along with the latest trends in ESG and financial accounting.