April 05, 2020

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Schneider Electric’s Commitment to Sustainability Recognized in Two Leading Rankings

Submitted by: Schneider Electric

Categories: Ratings & Awards, Corporate Social Responsibility

Posted: Jan 29, 2020 – 06:16 PM EST

 

DAVOS, Switzerland, Jan. 29 /CSRwire/ -  Schneider Electric, the leader in digital transformation of energy management and automation, has been given two significant rankings - including a top place on among the Global 100 Most Sustainable Corporations ranking of Clean Capitalism magazine Corporate Knights, and a place on the Carbon Disclosure Project (CDP) “A-List” for the ninth consecutive year. The rankings were announced on the opening day of the annual meeting of the World Economic Forum in Davos, where environmental sustainability is a dominating issue. 

Recognition on environmental and ethical indicators

Schneider Electric was ranked among the “Global 100” most sustainable companies by Corporate Knights for the seventh year running, coming 29th overall and first in its category. More than 7,500 companies were evaluated to produce a list of 100, based on 21 key performance indicators covering resource management, employee management, financial management, clean revenue and supplier performance. 

Schneider Electric was also ranked on the CDP “A-List” - among just 179 other companies – for the ninth consecutive year. The CDP’s disclosure and scoring process is seen as the gold standard of corporate environmental transparency, and the go-to source of sustainability information for customers and investors. Schneider Electric was recognized for actions to cut emissions, mitigating climate risks and contributing to the development of a low-carbon economy. 

Schneider Electric exceeds its own sustainability targets

Both rankings recognized Schneider Electric’s engagement to sustainability, as measured through the Schneider Sustainability
Impact (SSI)
. The SSI, which is published quarterly and is a valuable source of information for investors, rates the company’s progress
towards ambitious sustainability commitments through 21 key performance indicators around Climate, Circular Economy, Health &
Equity, Ethics and Development. Renewed and updated for 2018 through 2020, the company had increased targets on nine of these
indicators at the end of 2019. 

“The climate emergency and the related management of economic risks are our generation’s biggest challenge. We must rethink the way we live with energy, the way we design buildings, industries and cities, and leverage technology to embark on a different path to a net zero carbon world. These issues are key and should be high in the agenda of this year’s World Economic Forum,” commented Schneider Electric CEO and Chairman Pascal Tricoire. “At Schneider Electric, our commitment to carbon neutrality is weaved into our business decisions and governance. However, we all need to do more and faster. The recognition of our efforts by
both the CDP and Corporate Knights is a very positive step and gives us a boost.” 

Read the full press release here

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