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Schneider Electric Supports the World Economic Forum in Launching a Framework to Accelerate Investment in Building Decarbonisation

Schneider Electric and World Economic Forum work with dedicated community to launch framework to attract more investment for decarbonising buildings. Schneider Electric, the leader in the digital transformation of energy management and automation supports the World Economic Forum in launching the Net-Zero Carbon Cities Building Value Framework, an investment framework

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Schneider Electric Fast-Tracks Matter-Compliant Smart Home Applications

Schneider Electric, the leader in digital transformation of energy management and automation, announces a robust roadmap for its Matter-compliant smart home solutions, committing to being among the first group of Matter-compliant devices immediately after the standard is approved. Schneider also plans to bridge its Wiser smart home ecosystem with Matter-connected

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Latest Issue

BDC 319 : Aug 2024

schneider

Schneider Electric Supports the World Economic Forum in Launching a Framework to Accelerate Investment in Building Decarbonisation

Schneider Electric and World Economic Forum work with dedicated community to launch framework to attract more investment for decarbonising buildings. Schneider Electric, the leader in the digital transformation of energy management and automation supports the World Economic Forum in launching the Net-Zero Carbon Cities Building Value Framework, an investment framework for decarbonizing buildings. Buildings generate approximately 40% of global greenhouse gas emissions. While numerous technologies exist to help decarbonize the sector, the biggest obstacles still relate to finance and investment, according to the World Green Building Council’s recent Beyond the Business Case report. According to research from the Taskforce on Climate-Related Financial Disclosures to help stakeholders make more informed decisions on climate related investments, new sustainable buildings will represent a $24.7 trillion investment opportunity in emerging markets alone by 2030, so tackling barriers to investment is essential. The purpose of the Building Value Framework is to shift perceptions on the value of decarbonization investments from purely financial to also consider social, environmental and system performance benefits. A community of more than 40 experts ─ from real estate, finance, technology, and city governments supported the creation of the framework, which can be used at any point in the construction life cycle for retrofit of existing buildings, as well as for the construction of new buildings. It is coupled with an operational checklist, which acts as a practical application of the framework and identifies the relevant technology investment options for all stages of the investment planning and decarbonization journey. “Decarbonizing buildings is a key step to achieving a net-zero future, however, today’s investment decisions often overlook this. The Building Value Framework was developed to highlight the broader benefits that result from integrating non-financial values into investment decisions, while also evaluating how digital technologies can enable the net-zero transition. The framework is designed for practical use, to better equip decision-makers with the relevant know-how to make faster, more inclusive and more sustainable investments,” said Jean-Pascal Tricoire, Chief Executive Officer and Chairman, Schneider Electric. The framework is part of the Forum’s wider Net Zero Carbon Cities initiative, co-chaired by Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric and Francesco Starace, CEO and General Manager of Enel Group, which aims to help national and city-level leaders meet their emission reduction targets by aligning and scaling their efforts to deliver solutions that will reduce or eliminate carbon emissions in buildings, energy and mobility.   Read more about Net Zero Carbon Cities and Building Value Framework.

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Schneider Electric Fast-Tracks Matter-Compliant Smart Home Applications

Schneider Electric, the leader in digital transformation of energy management and automation, announces a robust roadmap for its Matter-compliant smart home solutions, committing to being among the first group of Matter-compliant devices immediately after the standard is approved. Schneider also plans to bridge its Wiser smart home ecosystem with Matter-connected systems by the same time. As a board member of the Connectivity Standards Alliance (CSA) and an active contributor to the Matter protocol development, Schneider believes that interoperability is the key for homes and buildings of the future. Matter builds upon market-proven technologies and best practices, and is the industry-unifying standard that aims to simplify connected experiences and provide greater interoperability in smart homes and buildings. By integrating technologies such as renewable energy generation and EV charging that are rapidly being adopted, Matter compliance can help in supporting the Schneider Electric sentiment around the sustainable future for our homes, and help pave a pathway to self-sufficient, net zero homes, while reducing e-waste and improving circularity. The Schneider Electric Matter implementation roadmap includes: Innovating to create Matter-compliant smart home products. Schneider Electric will become one of the first few companies in the world to offer native Matter solutions. Bridging to connect existing and new systems. The Wiser smart home ecosystem ensures Matter compliance while retaining native Zigbee connectivity. Existing and new Wiser devices based on Zigbee will join the Matter ecosystem using the ‘bridge’ functionality of upgraded Wiser Hubs*, ensuring a sustainable approach where the installed base of devices do not become obsolete with the arrival of the new standard. Advocating for more Matter-compliant interoperability with others. Making interoperability and usage of products easier for consumers starts with industry wide collaboration to include Matter as a connectivity standard in the Wiser App. Jai Thampi, SVP for Strategy and Innovation in the Home and Distribution Division, Schneider Electric said: “By ensuring smart home technology supports Matter – anticipated to be a widely accepted connectivity language – we will achieve much more than device compatibility and effortless comfort for the homeowner. Interoperability among connected products will be at the heart of making our homes, offices, and entire cities more sustainable, more energy efficient, and more resilient in the face of the global threat of climate change. I firmly believe that Matter is an important project for the future of smart home, and we are committed to making it successful in the long run, while innovating at scale. Open, global standards such as Matter are essential for improving consumer experience, while ensuring a smart and sustainable connected future.” About Schneider Electric Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

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