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Home / NEWS / Innovation and Ecology Accelerate Dual Transformation The Grand Opening of the 2023 Schneider Electric Innovation Summit

Innovation and Ecology Accelerate Dual Transformation The Grand Opening of the 2023 Schneider Electric Innovation Summit

Jun. 10 ,2023

On June 8, 2023, the 2023 Schneider Electric Innovation Summit 2023 with the theme of "innovating and integrating ecology, accelerating dual transformation" was grandly opened in Wuzhen. Thousands of industry experts, industry leaders and professionals gathered together to explore the dual transformation of China's industry towards "digital" and "green and low-carbon".

Driven by high-quality development and dual-carbon goals, digitalization and green low-carbon are accelerating. As a practitioner and enabler of dual transformation, Schneider Electric, together with its partners, brought many green innovative products, leading digital technologies, and a consulting-led, full-coverage service system to this summit, providing support for dual transformation.

Taking into account both economic and social benefits, the dual transformation is promising

The digital economy has become the core engine of economic growth and industrial structure upgrading. Guan Qingyou, an economist, president of the Rushi Financial Research Institute, and vice president of the China Private Economy Research Association, pointed out: "It is not the opponent that eliminates the company, but the times. In the process from high-speed development to high-quality development, how to apply technology, especially It is digital technology, improving total factor productivity and realizing overtaking in curves, which is the challenge and opportunity that every enterprise is facing at present.”

At the same time, it has become a global consensus to actively respond to climate change, and low-carbon transformation is urgent. "The current sustainable development has entered a new stage, from terminal governance to source governance," said member of the National Climate Change Expert Committee, former director of the Energy Research Institute of the National Development and Reform Commission, former executive vice chairman of the China Energy Research Association, and academic Consultant Zhou Dadi said: "Technological development makes transformation possible. At this stage, enterprises can start from energy saving and consumption reduction, promote green transformation, and realize economic benefits."

In the face of dual transformation, Yin Zheng, executive vice president of Schneider Electric and president of China and East Asia, said that digital transformation and green transformation promote each other and complement each other: "Digitalization has become one of the foundations and core driving forces of low-carbon transformation. Schneider Electric uses digital technology Help industries, buildings, data centers, infrastructure and other fields achieve 15%-30% energy saving and reduce carbon emissions by 20%-90%."

Zhang Yan, deputy general manager of Sinoma Intelligent Technology (Chengdu) Co., Ltd., who participated in the discussion, pointed out that with the support of green and low-carbon technologies, especially green energy technologies such as alternative fuels, low-energy process equipment technologies, and digital intelligence technologies that improve energy efficiency , the cement industry is accelerating carbon reduction, but there is still a long way to go.

In addition to innovation and technology, dual transformation also requires the coordination of all parties. Zhang Zhe, general manager of Hongkong Land Digital Technology, said that low-carbon transformation requires policy support, talent training, social awareness improvement, business model innovation, and the help of industry partners.

Xiong Yi, senior vice president of Schneider Electric, head of strategy and business development in China, and director of the Institute of Business Value, pointed out that in the face of double transformation, enterprises must do two things well, the first is comprehensive innovation, and the second is win-win cooperation . "With the help of technology and partners, dual transformation is not only feasible, but also can bring economic returns faster and achieve a win-win situation of economic and social benefits." At this stage, Schneider Electric's sustainable impact income means positive impact on the climate The revenue from products and technologies has accounted for more than 70% of the total revenue.

In this regard, Gu Yue, vice president of Schneider Electric, head of the marketing department in China and East Asia, and co-director of the Institute of Business Value, said: "Dual transformation is not only a challenge, but also an opportunity; it is not only a cost, but also an investment."


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