**London**: Schneider Electric announces a multi-buyer Power Purchase Agreement involving major healthcare companies to procure 245 GWh of renewable energy annually. This initiative aims to significantly reduce CO2 emissions and enhance sustainability practices in the pharmaceutical and healthcare sectors by 2026.
Schneider Electric has announced significant advancements in decarbonisation efforts for the pharmaceutical and healthcare sectors, through a multi-buyer Power Purchase Agreement (PPA) facilitated by the Energize programme. This collaboration involves major industry players including Haleon, GSK, Gilead Sciences, and Thermo Fisher Scientific, who collectively aim to procure 245 GWh of renewable energy annually over a ten-year period.
The PPA is expected to help avoid approximately 41,748 metric tons of CO2 emissions annually, equating to the average electricity consumption of 74,878 Spanish households. With energy sourced from the Lorca Solar Project, developed by X-ELIO, operations are set to commence by early 2026.
Thermo Fisher Scientific acted as the lead negotiator in this initiative, and Konrad Bauer, the company’s senior vice president, underscored the importance of collaboration in achieving significant sustainability goals. “Partnership is critical to achieving ambitious goals,” he stated, highlighting the initiative’s aim to reach net-zero emissions.
Lisa Martin, Chief Procurement Officer at GSK, emphasised the benefits of such collaborations, stating that the Energize programme showcases “the power of partnerships in driving meaningful change”. Meanwhile, Sarah McDonald of Haleon spoke to the link between health and environmental concerns, affirming their serious commitment to reducing their carbon footprint.
The Energize programme is particularly noteworthy as the supply chain is responsible for over half of the emissions within the pharmaceutical and healthcare sectors. With participation from 24 leading companies in the industry, the programme aims to provide education and support for suppliers in their decarbonisation efforts.
Schneider Electric’s involvement in this project serves as a vital component in pushing for greener practices within supply chains. The company’s Vice President for Global Renewable, John Powers, remarked on the initiative’s role in assisting industries striving for sustainability and aligned with global goals to tackle both environmental impact and business resilience.
This second cohort builds on the success of the programme, which had previously celebrated its first cohort with a record commitment of 563.7 GWh of renewable electricity for an equivalent ten-year term, demonstrating the effectiveness of collective action in the pursuit of environmental sustainability within the supply chain.
Source: Noah Wire Services
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