Member News

Schneider Electric Accelerates Energy Transition, Reducing Customer Emissions by 862 Million Tons

Published on 20 April 2026

Schneider Electric has successfully completed its 2021–2025 Schneider Sustainability Impact (SSI) program with a strong score of 8.86 out of 10, marking a major milestone in its efforts to integrate sustainability across climate, social, and governance dimensions while supporting the global energy transition. In Indonesia, this program has had a tangible and transformative effect on business strategy, as highlighted by Martin Setiawan (SE president), who emphasized that sustainability is now a core driver of performance, competitiveness, and societal impact through innovation, partnerships, and responsible supply chains. Globally, the company exceeded its environmental targets by helping customers avoid 862 million tons of CO₂ emissions, surpassing its original goal of 800 millions tons. Also, Schneider Electic is advancing supply chain decarbonization through its Zero Carbon Project, which engaged 1,000 suppliers, reduced their emissions by 56%, and ensured 98% met decent work standards. On the social front, Schneider Electric expanded its Access to Energy program to reach over 61 million people and trained more than 1 million individuals in energy management to support workforce readiness. These achievements have earned recognition from leading ESG organizations such as EcoVadis, CDP, and World Benchmarking Alliance. Looking ahead, Donald Situmorang stated that the company will build on this foundation toward 2030 by focusing on industrial decarbonization, digitalization of energy, and stronger cross-sector collaboration to support Indonesia’s national energy transition, positioning sustainability as a long-term engine for inclusive and sustainable growth.

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HSBC Raises 2026 Oil Price Projection to US$80 per Barrel

Published on 20 April 2026

HSBC has raised its projection for the average price of Brent crude oil for 2026 to US$80 per barrel, up US$15 from its previous estimate. The bank also raised its West Texas Intermediate (WTI) price forecast by US$14 to US$76 per barrel. This projection increase comes after oil prices rose sharply following the conflict involving Iran.

Since the war broke out last week, Brent prices have risen more than 27%, while WTI has surged about 33%. Both oil benchmarks even broke through US$119 per barrel on Monday, their highest levels since mid-2022.

The price spike came after the conflict triggered the closure of the Strait of Hormuz, a vital route through which about a fifth of the world's oil supply passes. The closure of the route forced a number of major producers in OPEC, such as Saudi Arabia, Iraq, Kuwait and the United Arab Emirates, to reduce oil shipments because shipping traffic in the region came to a standstill.

However, oil prices were corrected after US President Donald Trump stated that the conflict in the Middle East could potentially end soon. The statement eased market concerns about prolonged energy supply disruptions.

In trading on Tuesday at around 13:00 GMT, Brent prices were recorded as having fallen 6.7% to US$ 92.06 per barrel, while WTI weakened 5.7% to US$89.21 per barrel. Several global financial institutions have also updated their oil price projections.UBS estimates Brent Prices in 2026 wil be around US$72 per barrel. Meanwhile, Barclays estimates Brent pries at aroumd US$65 per barrel. HSBC's higher projection reflects concerns that geopolitical tensions in the Middle East could continue to impact global energy supplies in the medium term

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