Schneider Electric will soon be celebrating the first anniversary of its sustainability initiative Green Yodha. During the first year, the movement has garnered over 10 million supports by way of individuals and businesses.
Climate-change consciousness
The initiative targeted at building collective climate action through conscious citizens, businesses, and institutions reached over 10 million individuals and businesses in the last one year. It adopted a segment wise outreach approach and created awareness with companies operating in Power & Grid, Consumer Products & Goods, Mobility and Water and Water Waste Management etc.through varied digital and on ground initiatives.
In the maiden year, large number of organizations including JK Cements, Pepsico, Marriott Hotels, UST Global, 3Metc. have become Green Yodha.
Sustainability at the core
On this occasion, Anil Chaudhry, Zone President, India and CEO & MD Schneider Electric India Pvt. Ltd said “Sustainability is at the core of Schneider Electric’s business. We aim to be a catalyst driving sustainability at corporate and individual levels. Green Yodha initiative nudges corporates to turn their climate positive intent into action. I am extremely happy that this powerful initiative has already created strong momentum and reached over 10 million individuals and businesses. This is a proud moment and I congratulate everyone who has chosen to act and become a Green Yodha. This initiative is a testament of our commitment to India’s sustainable future. We must keep moving to maintain the equilibrium and achieve the #NetZero target.”
During the year, Schneider Electric also became the sustainability partners for Rajasthan Royals IPL team. The team and management pledged to become a Green Yodha and play a pivotal role in transforming cricket into an environment friendly game.
Towards “net zero”
Technology transfer and collaborations in the industry will be pivotal to achieve net-zero emissions by 2070, a target which was announced by PM Modi last year. In this direction, Schneider Electric is strongly supporting decarbonization efforts undertaken by its partners and customers with adoption of energy efficient technologies, green-premium products and exploring endless possibilities in universal automation.
SE Ventures Fund II
In a related development, SE Ventures, a global venture capital fund backed by Schneider Electric, announced a €500 million Fund II establishing the firm as one of the largest VCs focusing on climate and industrial technology. Backed by Schneider Electric, the global leader in the digitalization of industrial automation and energy management, this move builds upon a 2018 Fund I to bring SE Ventures to €1 billion of committed capital. Fund II will begin deployment in January 2023, doubling down on SE Ventures’ track record of success as an accelerant for category-defining companies in climate-tech, industrial AI, mobility, prop-tech and cybersecurity.
Featured photograph is a file picture of Anil Chaudhry, Zone President, India and CEO & MD Schneider Electric India Pvt. Ltd at the digital launch of “Green Yodha” in November 2021.
