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Schneider Electric Accelerates its Sustainability strategy, comes top in Corporate Knights ranking of world’s most sustainable corporations

Schneider Electric is a European MNC that is in the field of the digital transformation of energy management and automation with efficiency and sustainability as it’s core principles. Founded in 1836 by brothers Adolphe and Joseph-Eugene Schneider in France, Schneider has always committed to the environment and has sustainability at the heart of all their projects. This commitment toward nature, environment and sustainability was manifold by their announcement in Jan 2021. Schneider has doubled down on its long-standing philosophy to embed environmental considerations into every aspect of their business and enable their customers and business partners to achieve their sustainability objectives.

These activities have been recognised by a Canadian media and research company that ranks financial product ratings with corporate sustainability performance as the main criteria. Schneider has risen from 29th position in 2020 to the top of “The Global 100 most sustainable corporations in the world” in 2021. This external recognition of Schneider Electrics efforts has motivated them to keep innovating and going the extra mile. Moreover, it also reflects that Schneider is the leading digital solution provider that facilitates energy efficiency and sustainability.

“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.” Says Jean-Pascal Tricoire, Schneider Electric’s Chairman and Chief Executive Officer.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for smart homes, smart buildings, data centers, infrastructure and industries.

The Schneider Sustainability Impact (SSI) initiative will start in 2021 and span four years. This programme is built on long term commitments that fulfil sustainable development goals set by the United Nations to guide organisations to be more sustainable and green. Commitments include action towards a climate-positive world; resource efficiency; Trust; equality of opportunity; empower local communities; and a few more! Concrete targets, deliverable by 2025, are the driving force of this project. As a first of its kind initiative, Schneider has brought together leaders of more than 100 markets to set local targets to address local-level sustainability in their communities.

“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 of our customers to accelerate their transitions towards a lower-carbon world. Our solutions can help them achieve their goals, too.” Said Olivier Blum, Schneider Electric’s Chief Strategy and Sustainability Officer.

In less than a year, an unprecedented year nonetheless, Schneider has stepped up its decarbonisation standards and set a trajectory for the next few years. They are also a signatory of the climate pledge and were the first to introduce ESG-linked convertible bonds. They have done a lot for the environment and certainly deserves the bump from number 26 to number 1 in this short period.

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