Schneider Electric recognised for sustainability efforts in two leading rankings
Schneider Electric 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.
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 recognised for actions to cut emissions, mitigating climate risks and contributing to the development of a low-carbon economy.
Both rankings recognised 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.
Schneider Electric CEO and Chairman Pascal Tricoire said:
“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. 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.”