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Focus 81 | From Vision to Action: Schneider Electric’s Strategies for Accelerating Renewable Energy Adoption

How does Schneider Electric support organisations in their transition to clean and renewable energy solutions? What case studies are there available to demonstrate the above? 

Schneider Electric is dedicated to driving the global transition to clean and renewable energy by equipping organisations with the skills and solutions necessary to achieve their sustainability goals. We, therefore, focus on empowering businesses to act urgently and implement these proven solutions at scale. 

For example, flexibility in green financing has proven to be an effective avenue for companies to embark on their green transition, especially in view of the contracted economy, where companies are keen to be more prudent with their expenditures. Specifically, this involves shifting from a capital expenditure (CAPEX) model to an operating expenditure (OPEX) model, enabling companies to make incremental payments rather than lump-sum payments, thereby increasing the accessibility of various green solutions.

It is crucial that recommended green retrofits yield significant cost savings promptly – particularly for companies that operate with tight profit margins. This is especially the case for small and medium-sized companies, many of which supply (or are customers of) larger multinational companies that are set on greening their supply chains. Therefore, programmes such as Schneider Electric’s SME Kickstarter Decarbonisation Programme offer relevant green training and mentorship opportunities to enable small and medium organisations to adapt to a supply chain landscape under transition by progressively greening operations. 

Further, as part of our partnership-driven "glocal" approach, where we strive to be the most local of global companies, we launched our EcoXpert programme to foster an ecosystem of expertise. In Singapore, we have collaborated with various SME EcoXpert partners, each with specialised expertise, to improve energy efficiency within the hospitality and built environment industries.

What is Schneider Electric's outlook for the adoption and integration of renewable energy solutions in Southeast Asia?

We are optimistic that the growing adoption of renewable energy solutions in Southeast Asia signals a green energy transition on the horizon, one that will gain momentum as regional and global efforts align. The local government has also recently announced plans to study laws and policies for the country to adopt low-carbon hydrogen when it becomes a viable option. 

However, what is more important now is to leverage existing technologies and proven solutions rather than waiting for emerging innovations. By focusing on actionable, current green technologies, organisations can make meaningful strides toward decarbonisation. 

We believe business leaders should act promptly and scale proven decarbonisation strategies, holding themselves accountable for their sustainability targets. This is a sentiment that is aligned with industry beliefs. In 2023, we surveyed around 500 business leaders in Singapore which revealed that almost all business leaders believe decarbonisation goals and targets should be linked to C-level remuneration. For Schneider Electric, we take this belief another step further and provide financial incentives for employees when they help achieve our corporate sustainability goals. 

Singapore has effectively established itself as a prominent global and regional business hub for sustainability and the green economy. By creating a robust net-zero ecosystem, the nation has attracted substantial investments in green talent, infrastructure, and finance. With continued dedication, strategic focus, and investment—especially in forward-thinking carbon policies—Singapore's green energy ecosystem is set to drive the growth and demand of the region’s green energy sector. 

Contributed by

Yoon Young Kim Cluster President, Singapore and Brunei, Schneider Electric

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