Schneider Electric

RATING

SECTOR

Capital Goods

WEBSITE

CONTACT

35 rue Joseph-Monier, 

92500 Rueil-Malmaison

France

T: +33 (0)3 20 16 31 95

STOCK EXCHANGE

LISTING

  • Bloomberg Gender-Equality Index
  • Named to Fortune “World’s Most Admired Companies List”
  • CDP Climate “A List”
  • Corporate Knights’ “Global 100” list of the world’s most sustainable corporations
  • Dow jones sustainability indices 

EMPLOYEES

142,000

CHIEF SUSTAINABILITY OFFICER

Gilles Vermot Desroches

AWARDS

  • Winner of The Circulars Award 2019 in the “Multinational” category

CONTENT SOURCE

FURTHER READING

N/A

Schneider Electric

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Schneider Electric SE engages in the digital transformation of energy management and automation. It operates through the following segments: Energy Management; Industrial Automation; and Central Functions and Digital Costs. The Energy Management segment leverages a complete end-to-end technology offering enabled by EcoStruxure. The Industrial Automation segment comprises industrial automation and industrial control activities, across discrete, process, and hybrid industries. The company was founded by Adolphe Schneider and Joseph-Eugène Schneider in 1836 and is headquartered in Rueil-Malmaison, France.

Company Sustainable Activity

HIGHLIGHTS

CLIMATE 

By 2030, Schneider commits to achieve carbon neutrality across our extended supply chain.

By 2050, they also commit to a 60 percent absolute CO2 reduction for Scopes 1 and 2, meaning, respectively, their direct CO2 emissions and their indirect CO2 emissions from energy they purchased.

Their goals for 2020 include:

  • 80% renewable electricity
  • 10% CO2 efficiency in transportation
  • 120 million metric tons of CO2 avoided on their customers’ end through their offers
  • 25% increase in turnover for their EcoStruxure™ Energy & Sustainability Services

CIRCULAR ECONOMY 

Since 2015, their products tend to be easy to maintain, repair, retrofit, and reprocess at the end of their life cycles.They also have also labeled 178 sites as “toward zero waste to landfill.”

They goals for 2020 include:

  • 75% of global sales under our new Green Premium™ program
  • 200 sites labeled toward zero waste to landfill
  • 100% cardboard and pallets for transport packing from recycled or certified sources
  • 120,000 metric tons of avoided primary resources consumption through ecoFit™, recycling, and take-back programs

HEALTH AND EQUITY

Schneider Electric’s employee well-being program has been deployed globally since 2015. It takes a holistic view of well-being, spanning physical, mental, emotional, and social dimensions. In addition, they ensure gender pay equity across their value chain.

Their goals for 2020 include:

  • 70% of employees scored in our Employee Engagement Index 
  • 0.88 medical incident occurs per million hours worked 
  • 90% of employees have access to a comprehensive well being at work program 
  • 100% of employees are working in countries that have fully deployed our family leave policy 
  • 100% of workers received 15 hours of learning in the year with 30% digital learning 
  • 90% of white collar workers have an individual development plan
  • 95% of employees are working in a country with a commitment and process in place to achieve gender pay equity  

ETHICS 

Across their value chain, they implemented a human rights policy and broad program in accordance with the United Nations Guiding Principles on Business and Human Rights.

Schneider’s goals for 2020 include:

  • 5.5pts / 100 increase in average score of ISO 26000 assessment for our strategic suppliers
  • 350 suppliers under Human Rights & Environment vigilance received specific on-site assessment
  • 100% of sales, procurement, and finance employees trained every year on anti-corruption

DEVELOPMENT

By 2025, Schneider Electric will deliver low-carbon lighting and communication solutions to 50 million people. They will also provide energy skills to one million underprivileged people. 

They goals for 2020 include:

  • X4 turnover of their Access to Energy program 
  • 400, 000 underprivileged people trained in energy management 
  • 15 000 volunteering days thanks to their Volunteer global platform

TARGETS

2020

Reach the 21 commitments of our Schneider Sustainability Impact for:

  • Climate
  • Circular Economy
  • Health & Equity
  • Ethics
  • Development

2025

  • Invest $10B in R&D
  • Train 1 million underprivileged people in energy management
  • Phase out sulfur hexafluoride (SF6) completely
  • Provide energy access to 50 million people
  • Support 10,000 entrepreneurs

2030

  • Achieve carbon-neutral operations across our extended supply chain
  • Reach 100% renewable energy
  • Double energy productivity (versus 2005 levels)
  • Contribute to the achievement of the 17 United Nations (U.N.) Sustainable Development Goals

2050

  • Contribute to limit global warming below 2 ˚C in line with the Paris Agreement
  • Continue our deep commitments to sustainable business practices such as the U.N. Global Compact

Certificates

  • regulatory compliance (RoHS and REACh) 
  • ISO 9001
  • ISO 14001
  • OHSAS 18001

Sustainable Development Goals

How company covers SDGs

N/A

Progress

Their targets in 2018 (latest data available) have had an achievement rate of 50%.

Schneider electric is taking into account its potential positive impact since 2012. The hard work has paid off since they were recognized and certified for their good results. Despite communicating clearly on their goals and targets, they lack transparency in regards to communicating on the achievements of those. They are given the rating B.

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