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Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

Schneider Electric Releases Its Quarterly Indicators For Financial & Non-Financial Targets


Learn about Schneider’s performance in its various sustainable commitment front and glance over its achievements for the same.

Source: commons.wikipedia.org; (CC BY-SA 3.0)
Source: commons.wikipedia.org; (CC BY-SA 3.0)
Dailycsr.com – 30 October 2019 – Schneider Electric leads the way in “energy management and automation” whereby introducing “digital transformation”. The company has now for the fifth year published its “financial and non-financial results together” for the 2019’s Q3.
Every quarter, Schneider Electric measures its progress in “Schneider Sustainability Impact” through “21 indicators” under the company’s ambitious “2018 to 2020” sustainability commitments which are aligned with the “COP 21” commitments and SDGs of the UN. As per the press release of Schneider Electric, the company scored “7.08 out of 10 in Q3 2019” and reached seven out of ten “Schneider Sustainability Impact target” set for this year end, whereby achieving its target “a quarter in advance”.
In the words of the senior vice-president of sustainability at Schneider Electric, Gilles Vermot Desroches:
“This quarter, Schneider Electric has significantly stepped up its commitments towards the United nations Sustainable Development Goals. First by joining the Business for Inclusive Growth coalition with 33 other companies to lead the way in tackling inequality and promoting diversity in the workplace and supply chain. Then by presenting robust climate commitments at Climate Week in New York, along with 86 other companies of the Business for 1.5°C ambition initiative, to achieve carbon neutrality in its ecosystem in the short term, and decarbonization of its operations and supply chain in the mid and long term. Schneider Electric will leverage its EcostruxureTM solutions to deliver its own targets and help more customers save CO2 emissions. Since the launch of Schneider Sustainability Impact, it already helped customers save 88 million tons CO2. With new Access to Energy offers, the Group will also keep helping millions of people in emerging countries meet basic energy needs.”
The quarterly highlights of non-financial indicators included topics like:
  • Climate
  • Circular Economy
  • Health and Equity
  • Ethics
  • Development
Here is the list of the highlights published in Schneider’s press release:
  • Schneider Electric announced at the Climate Week NYC three new climate action commitments : demonstrating carbon neutrality in its extended ecosystem by 2025, achieving net-zero operational emissions by 2030 as part of validated SBT target and engage with suppliers towards a net-zero supply chain by 2050
  • “Schneider Electric is one of the 99 signatories of the French Business Climate Pledge 2019
  • “Schneider Electric has committed to tackling inequality by joining G7 “Business for Inclusive Growth ” initiative, a coalition of 34 leading international companies powered by the OECD
  • “Schneider Electric has launched new Access to Energy products: Mobiya Lite, Mobyia Front and Homaya Pay As You Go to complement its portfolio of offers, to meet basic energy needs of rural communities in emerging countries
  • “Schneider Electric is part of the DJSI World Index for the 7th year in a row
  • “Schneider Electric is in Equileap’s Ranking 2019 top 100, designed to promote transparency on gender equality in the workplace. The Group is ranked 1st in the industrial sector and the 5th among French companies
  • “Schneider Electric is ranked 9 in Fortune’s Change the World list 2019. It has been named for its energymanagement and automation technologies, and circular business innovations to invent products that last longer, can be repaired and remanufactured at the end of life
  • “Schneider Electric’s Global Mobility program has been recognized with a Bronze award in Brandon Hall Group’s Human Capital Management Excellence awards, category Best Unique or Innovative Workforce Management Program
  • “Schneider Electric has been named one of the 2019 Best Workplaces in Manufacturing & Production by Great Place to Work and Fortune”
Check out Schneider’s non-financial reports for Q2 of 2019 here: