Schneider Electric, Glencore partner to decarbonise copper supply chain [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
with Glencore, one of the world's largest globally diversified natural resource companies, to transform its copper supply chain and enhance decarbonisation efforts. Schneider Electric already collaborates with Glencore and its subsidiary Li-Cycle to recycle lithium-ion batteries and is looking to develop a system for collecting copper and electronic waste. The company aims to revamp its supply chain by directly sourcing raw materials from Glencore and distributing them to its European factories through its network of suppliers. The partnership, as outlined in an official statement on Friday, involves developing efficient and environmentally friendly procurement standards for capital equipment that support "best practices" in line with Schneider Electric's Zero Carbon initiative. Demand for copper is projected to double by 2035 due to the increasing shift toward electrification and clean energy, according to several media reports. Balancing this demand with the move towards m
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