Schneider Electric buys AI sustainability tool developer EcoAct

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Schneider Electric buys AI sustainability tool developer EcoAct

November 05
09:10 2023

Schneider Electric has bought sustainability AI tool developer EcoAct SAS from its parent Atos.

The completion of the transaction follows consultation with the relevant employee representative bodies and approval from the competent regulatory authorities. 

EcoAct in Paris has a portfolio of net zero and nature-based products and services, including consulting, climate data tools, and carbon offset project development. These tools will be used in Schneider Electric’s global Sustainability Business for energy management.

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The deal expands Schneider Electric’s capabilities to provide end-to-end solutions that lead organizations through the net zero transformation and beyond. The advisory services support the development of sustainability strategy and target setting through to decarbonization across scope 1, 2, and 3, enhanced by its AI-led portfolio of digital and data management tools. 

“We have long admired the team at EcoAct, and bringing our two organizations together will help us to accelerate the ability to serve our clients all over the world,” said Steve Wilhite, President, Sustainability Business. “Companies understand the urgency to act but continue to face complexities when it comes to decarbonization. I’m confident that our combined best-in-class teams will help our clients to accelerate even faster towards their net zero ambitions.”

“Urgent climate action is at the heart of our mission, and I know we’ve found the right partner in Schneider Electric,” said Stuart Lemmon, CEO of EcoAct. “The company’s own demonstrated commitments to net zero – in its own operations and for its clients – speaks loudly in the market, and our EcoActors are excited to join together with another leading advisory team, putting climate and nature center stage to accelerate sustainable corporate transformation.”

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

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