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Schneider Electric Completes EcoAct Acquisition

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Schneider Electric Completes Acquisition of EcoAct

Schneider Electric, a global leader in energy management and automation, has announced the successful completion of its acquisition of EcoAct SAS ("EcoAct"), a renowned climate consulting and net zero solutions provider based in Paris, France. The transaction was finalized after consultations with employee representative bodies and regulatory authorities.

Accelerating Climate Solutions

This acquisition brings together two exceptional organizations to drive business solutions that deliver value for both the climate and clients. EcoAct's range of net zero and nature-based products and services, including consulting, climate data tools, and carbon offset project development, will enhance and expedite Schneider Electric's global Sustainability Business. The Sustainability Business offers advisory services in energy management, efficiency, renewable energy, environmental commodity procurement, sustainability consulting, climate risk assessment, and reporting.

End-to-End Solutions for Net Zero Transformation

The integration of these two organizations expands Schneider Electric's capabilities to provide comprehensive solutions that guide companies through the net zero transformation and beyond. Their advisory services support the development of sustainability strategies, target setting, and decarbonization across scope 1, 2, and 3 emissions. The company leverages AI-driven digital tools for data management and offers a portfolio of digital solutions.
A Shared Commitment to Climate Action
Steve Wilhite, President of Sustainability Business at Schneider Electric, expressed confidence in the partnership, stating that it will help clients worldwide accelerate their net zero ambitions. Stuart Lemmon, CEO of EcoAct, highlighted Schneider Electric's demonstrated commitment to net zero and expressed excitement about joining forces to drive sustainable corporate transformation. In conclusion, Schneider Electric's acquisition of EcoAct strengthens its position as a leader in sustainability solutions, enabling them to offer comprehensive services and support to organizations pursuing net zero goals.

Implications of Schneider Electric's Acquisition of EcoAct for New Businesses

Schneider Electric's recent acquisition of EcoAct, a leading climate consulting and net zero solutions provider, is a significant move that underscores the growing emphasis on sustainability in the business world. This merger presents a compelling narrative for new businesses, particularly those in the energy management and automation sectors.

Emphasizing Climate Solutions

The union of these two organizations accelerates the development of business solutions that not only deliver value to clients but also contribute positively to the climate. For new businesses, this highlights the importance of integrating sustainability into their core operations and product offerings. The ability to provide net zero and nature-based solutions could become a key differentiator in the market.

Guiding Net Zero Transformation

Schneider Electric's enhanced capabilities to provide end-to-end solutions for net zero transformation is a testament to the growing demand for such services. New businesses must be prepared to support their clients in achieving sustainability goals, which may involve developing strategies, setting targets, and managing decarbonization efforts across various scopes of emissions.
Commitment to Climate Action
The shared commitment to climate action between Schneider Electric and EcoAct sends a strong message to new businesses. The future of business lies in sustainable corporate transformation, and companies that align their operations with this reality are likely to thrive in the long run.
Story First Published at: https://financialpost.com/globe-newswire/schneider-electric-finalizes-acquisition-of-ecoact
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