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Sustainability

Schneider Electric Collaborates with Tricon to Enhance Environmental Sustainability in the Chemical Industry

Published Date

  • Comprehensive suite of services aims to set a new standard for collaboration, transparency, and accountability in emissions management within the chemical sector.

Louisville, KY August 19, 2024 – Schneider Electric, a global leader in digital transformation and energy management, is pleased to announce a strategic collaboration with Tricon, a global leader in the trade and distribution of chemicals, on their Supplier Incentive Program. This collaboration marks a significant step forward in fostering transparency and sustainability across the chemical value chain.

The Supplier Incentive Program is designed to reduce financial burdens and accelerate Tricon’s suppliers’ decarbonization journey. As part of the program, Schneider Electric offers a comprehensive suite of services at no cost to participating suppliers, including:

  • Zeigo Activate: A carbon reduction software as a service, empowering small and medium-sized enterprises to track and effectively reduce their carbon emissions through essential tools and resources.

  • Energy Efficiency Target Setting & Achievement Roadmap: Facilitation of an engagement session to discuss the technical, operational, and financial components necessary to define a Carbon & OpEx reduction roadmap for company facilities.  

  • Renewable Energy Opportunity Assessment (REOA): Evaluating opportunities for integrating renewable energy sources into supplier operations, promoting sustainable energy practices.

  • Offsite Purchase Transaction: Power Purchase Agreements and Tax Credit Investment Opportunities: Advisory services to secure scalable, long-term renewable energy, and leverage tax credit opportunities in offsite projects.

  • Onsite Solar Portfolio Assessment: Assess owned facilities’ potential for hosting onsite solar PV and gain insights into project economic viability.

  • EAC Purchases: Assisting in purchasing Energy Attribute Certificates (EACs) to support claims of renewable energy use and sustainability objectives.

"In today's world, collaboration and transparency are fundamental to driving meaningful change towards sustainability, particularly in hard-to-abate industries such as the chemical sector," said Hans Royal, Senior Director, Renewable Energy Carbon Advisory, at Schneider Electric. "Through our work with Tricon, we are excited to offer our suite of services to support suppliers in measuring, verifying, and reducing their carbon footprints.”

"We believe that collaborating with our suppliers to improve carbon footprint data accuracy and transparency is critical to progressing the journey to a more sustainable future," commented Elizabeth Carlson, Chief Sustainability Officer at Tricon. "Working together with Schneider Electric allows us to offer valuable resources and incentives that support our suppliers in embracing sustainability as a shared responsibility."

The collaboration between Schneider Electric and Tricon underscores a shared vision for a sustainable chemical industry, where innovation and collaboration drive environmental stewardship. Together, they aim to set a new standard for transparency and accountability in emissions management within the sector.

About Tricon

With over 27 years in business, Tricon is an industry leader in the global trade and distribution of chemicals. Our purpose is to efficiently and sustainably connect the world with essential goods. We do that by providing logistics, financing, risk management, sustainability, market intelligence, distribution, and technical support to thousands of business partners in over 120 countries.

About Schneider Electric 

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

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