SCHNEIDER Electric, the leader in the digital transformation of energy management and automation, today announced that it has been recognized by the World Economic Forum and McKinsey as one of three global Circularity Lighthouses in the built environment.

This new designation recognizes pioneering circularity solutions that demonstrate innovation, substantial impact, and value and maturity of scale.

The new lighthouses were selected by an independent panel of experts from industry, academia and public life.

The World Economic Forum defined the built environment as residential and commercial infrastructure.

The Forum's Circular Lighthouse network provided companies with a way to share and learn from one another to rapidly accelerate action and scale for greater resource efficiency.

Schneider Electric was recognized by the World Economic Forum and McKinsey for its end-to-end circular approach across a broad portfolio of its energy and building automation solutions.

Through eco-design, waste-to-resources sites and a global network of refurbishment centers, Schneider Electric has avoided approximately 513 million tons of carbon dioxide to customers since 2017.

The company also used 27 percent green materials across its products. 22 percent of Schneider Electric's product families had a circularity option, and more than half of Schneider Electric's manufacturing sites recovered more than 99 percent of waste.

One example was how Schneider Electric gave its MasterPact MTZ circuit breakers a second life. Refurbished at the MasterTech plant in France, these circuit breakers were collected from customers at the end of life, disassembled, diagnosed, upgraded and tested before being put back on the market.