Schneider Electric Accelerates its Sustainability Strategy

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Schneider Electric, the leader in the digital transformation of energy management and
automation, on Monday, doubled down on its long-standing strategy to embed environmental,
social and governance considerations into every facet of its activities – and to assist its
customers and business partners in achieving their own sustainability objectives.

The announcement coincided with the news that Corporate Knights, a Canadian media and
research company producing rankings and financial product ratings based on corporate
sustainability performance, has for the first time recognized Schneider Electric number one of
its annual index of “the Global 100 most sustainable corporations in the world”. A jump from
29th position the previous year, the top ranking for 2021 represents an important external
recognition of Schneider Electric’s early and sustained commitment to ESG issues. It also
highlights the company’s transformation into a leading provider of digital solutions that
facilitate energy efficiency and sustainability.

“The core of our strategy is to build a sustainable business and company. Customers,
employees, partners and investors have never been more focused on ESG considerations than
they are now. Schneider Electric has long embraced those issues, and we keep raising the bar
for ourselves, and for our customers and partners,” Jean-Pascal Tricoire, Schneider Electric’s
Chairman and Chief Executive Officer was quoted to have said in a release by the company.

He added: “when we introduced our first sustainability barometer in 2005, we were an early
adopter of ESG matters. But ESG commitments cannot just be a one-off, and we have
reinforced ours every three years. All of us – companies, governments, individuals – can
contribute to make the world greener and more inclusive. Our new commitments define the
next steps of our contribution.”

The new Schneider Sustainability Impact (SSI) program will span 2021-2025 and amounts to
a significant acceleration of previous targets. It is built on six long-term commitments, which
are set to deliver on each of the United Nations’ Sustainable Development Goals. These
commitments are: to act for a climate-positive world; to be efficient with resources; to live u
to its principles of trust; to create equal opportunities; to harness the power of all generations;
and to empower local communities.

“The ability and willingness to make the world greener and more equitable is not just a moral
responsibility – it makes good business sense too,” said Olivier Blum, Schneider Electric’s
Chief Strategy and Sustainability Officer.

“The year 2020, marked by COVID-19, a string of climate-linked disasters, and the fifth
anniversary of the Paris Agreement on climate change, reinforced the urgency for action. It
has also intensified the appetite from our customers to accelerate their own transitions
towards a lower-carbon world. Our solutions can help them achieve their goals, too” he noted.

Eleven concrete targets, deliverable by 2025, underpin these commitments. And, for the first
time, leaders of the more than 100 markets in which Schneider operates will set local targets
to address grassroots-level needs in their communities.

Repeatedly recognized in key rankings for its sustainability achievements, Schneider Electric
said it will continue to report on its extra-financial performance on a quarterly basis, as it has
done since launching the world’s first corporate sustainability barometer in 2005.

In just the past year, Schneider Electric said it has already stepped up on its own
decarbonization roadmap and became a signatory of the Climate Pledge; was the first
company to issue an ESG-linked convertible bond; was also ranked Corporate Disclosure
Project (CDP) A-List for environmental transparency and action for the 10th year in a row;
and was included in the Financial Times’ Top 50 Diversity Leaders ranking.

 

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