Corporate Knights has for the first time recognized Schneider Electric number one of its annual index of “the Global 100 most sustainable corporations in the world”.
Corporate Knights a Canadian media and research company producing rankings and financial product ratings based on corporate sustainability performance.
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, a Schneider Electric release said. 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 has long embraced those issues, and we keep raising the bar for ourselves, and for our customers and partners,” says Jean-Pascal Tricoire, Schneider Electric’s Chairman and Chief Executive Officer.
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. 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.
In an independent development, ABB, in a release, said that it was also named one of the world’s most sustainable companies by Corporate Knights in the aforementioned list. Ranked 33, ABB significantly improved its score versus last year’s ranking.
To determine the ranking, Corporate Knights transparently analyzed over 8,000 companies against global industry peers on a suite of up to 24 quantitative key performance indicators, covering resource management, employee management, financial management, clean revenue and investment, and supplier performance that are weighted to reflect each industry’s impact profile, the ABB release said.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.