Schneider Sustainability Impact 2018-2020 exceeds its target score of 4/10 for Q2 2018 with a total of 4.55/10
-- Twenty-one indicators in the new Schneider Sustainability Impact
2018-2020, Schneider Electric's transformation plan and sustainability
dashboard for the next three years
-- Two-thirds of indicators correspond to new programs
-- Nineteen million metric tons of CO(2) avoided on customers' end thanks
to the EcoStruxure offers
-- Eight indicators that exceed their target for the quarter
MISSISSAUGA, ON, July 31, 2018 /CNW/ - For the fourth year, Schneider Electric, the leader in digital transformation of energy management and automation, announces its financial and non-financial results together for the second quarter of 2018. Each quarter, Schneider Electric publishes 21 indicators from the Schneider Sustainability Impact 2018-2020, which replaces the Planet & Society Barometer, measuring progress towards its ambitious sustainability commitments. With a total score of 4.55 out of 10 at end-July 2018, the Group has exceeded its Schneider Sustainability Impact target of four out of 10 for the quarter. The end-2018 target is five out of 10.
The non-financial results by indicator are as follows:
Gilles Vermot Desroches, Chief Sustainability Officer at Schneider Electric, commented: "We are very proud to see Schneider Electric's Chairman & CEO appointed to the Board of the United Nations Global Compact. As a group, we strive to promote human rights and international labour standards, to protect the environment and to fight against corruption, while constantly working for the adoption of the Sustainable Development Goals (SDGs) by all members. This appointment also reflects Schneider Electric's lasting commitment to Sustainable Development - a commitment that takes concrete shape through our Schneider Sustainability Impact 2018-2020 indicators. At the end of July 2018, the Group had exceeded its target score of four out of 10 with an overall score of 4.55, another excellent performance that confirms that the Schneider Sustainability Impact is firmly on track."
Quarter highlights
Climate:
-- The "80 per cent renewable electricity" indicator improved in the second
quarter. Schneider Electric's energy needs are constantly optimized,
capitalizing in full on the Group's expertise and EcoStruxure solutions.
Since 2012, the Group's different sites have already achieved energy
savings of 20 per cent. At the end of 2017, Schneider Electric joined
the RE100 initiative and aims to source 80 per cent of its global
electricity consumption from renewable sources by 2020. In Q2 2018, the
indicator stood at six per cent. Three new photovoltaic systems have
already been installed at facilities in India, Thailand and China, and
long-term renewable energy purchasing agreements are currently under
consideration in several countries.
Circular economy:
-- The "200 sites labelled towards zero waste to landfill" indicator rose
to 163 sites, resulting in the recycling and reuse of the equivalent of
more than four Eiffel Towers' worth of metal in the first half of 2018.
More than 3,400 garbage trucks' worth of non-metal waste were also
diverted from the landfill. The extension of the Towards Zero Waste to
Landfill (TZWL) program from the previous Planet & Society Barometer is
not only intended to improve performance at the different sites, but
also to drive innovation within mature TZWL sites. Sites are striving
beyond recycling and driving towards Circular Economy solutions within
the supply chain using bold ideas such as returnable/reusable packaging
and digitized solutions to eliminate waste generation altogether and
bring better business and environmental value.
Health & Equity:
-- The "70 per cent score in our Employee Engagement Index" indicator
increased to 67 per cent, up two points compared to end of 2017. All
drivers are progressing well, and are at the good level compared to
market average. This is the sixth year in a row that this indicator has
improved towards achieving 70 per cent in 2020.
Ethics:
-- The "300 suppliers under Human Rights & Environment vigilance received
specific on-site assessments" indicator shows that thirty-seven
suppliers were audited in Q2 2018. The aim of this indicator is to audit
300 Group suppliers over three years on the ways in which they manage
human rights and the environment. The processes, team and governance
were set in place in the first quarter of 2018, and the first three
audits were carried out. Thirty-seven audits were completed by the end
of the second quarter. These specific audits focus on the ways in which
the Group can support suppliers in identifying areas for improvement and
action plans to bring themselves in line with industry best practices
(Responsible Business Alliance code of conduct).
Development:
-- The result for the "12,000 volunteering days thanks to our VolunteerIn
global platform" indicator is more than satisfactory for the second
quarter. To date, 7,258 volunteering days have been completed, including
1,665 in the first quarter alone. With the launch of the new VolunteerIn
digital platform, the Schneider Electric Foundation has taken on a whole
new scale to drive collaborators' engagement.
Highlights:
-- Global Compact: Schneider Electric Chairman & CEO is appointed to the
Board of the United Nations Global Compact.
-- Schneider Electric is selected by the ISS-Oekom Corporate Responsibility
Review 2018 as the leader in its sector alongside six other French
industry leaders: Valeo, Peugeot, Amundi, CNP Assurances, and Sanofi.
Founded in 1993, ISS-Oekom is a ratings agency that analyzes the ESG
performance of companies and countries.
-- Schneider Electric is recognized for its social responsibility approach
in various Vigeo Eiris Euronext indices: World, Europe, Eurozone and
France. Schneider Electric is also the only representative of its sector
to be listed in the France index.
-- Schneider Electric gains five places in the Gartner Supply Chain Top 25
ratings and is awarded 17(th) place in 2018 for the exemplary management
of its value chain.
The non-financial results for the second quarter of 2018 are available on our site: www.schneider-electric.com/sri
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centres, 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.
SOURCE Schneider Electric
