Sustainability-focused energy and automation digital solutions provider Schneider Electric announced the launch of its new Climate Change Advisory Service, aiming to help companies in their climate-related sustainability strategies and initiatives. The company stated that the new consulting service spans energy management, resource efficiency, renewable energy procurement, carbon offsetting, value chain decarbonization, and AI-driven data collection and disclosure.

According to Schneider Electric, the advisory service will serve as an ‘ambition to action’ blueprint for companies’ climate and sustainability efforts, from strategy development to target setting, monitoring and reporting. Services included in the new platform include decarbonization strategy development, AI-enabled data management, budgeting and forecasting, portfolio risk management, target setting, energy efficiency potential identification and implementation, microgrid and clean technology deployment, renewable energy opportunity assessment and procurement, voluntary carbon market evaluation and sourcing, and supply & value chain engagement and solutions.

Steve Wilhite, Senior Vice President of Energy and Sustainability Services for Schneider Electric, said:

“Climate change is the defining challenge of this century and business has a significant role to play in its abatement. As a result, the C-Suite increasingly recognizes that sustainability is no longer a feel-good investment, but a strategic performance lever to protect against risk and develop resiliency. However, to accelerate action, a mindset shift must occur. Despite a record year for climate commitments in 2020, there remains a large gap between ambition and action. Our services take aim at filling that gap, enabling our customers to set, achieve, measure, and report on a competitive and science-based decarbonization strategy, often while positively impacting their bottom line.”