Schneider Sustainability Impact 2018-2020 has exceeded its target score of 5/10 for 2018, achieving 5.25/10 in the third quarter of the year
-- Results for 12 of the 21 indicators making up the new Schneider
Sustainability Impact 2018-2020 are above the annual target
-- The average score of the ISO26000 assessment for our strategic suppliers
is up 1.5 points from 2017
-- Schneider Electric is pressing ahead with its long-term goals and
joining Global Compact LEAD
MISSISSAUGA, ON, Oct. 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 third quarter of 2018. Each quarter, Schneider Electric publishes 21 indicators from the Schneider Sustainability Impact, measuring progress towards its ambitious sustainability commitments for 2018 to 2020, in line with the COP 21 and United Nations objectives. With a total score of 5.25 out of 10 at end-October 2018, the Group has exceeded its Schneider Sustainability Impact target of 5 out of 10 for the end of 2018.
The non-financial results by indicator are as follows:
Gilles Vermot Desroches, Sustainability Senior VP at Schneider Electric, commented: "We are delighted with the progress of the Schneider Sustainability Impact, which confirms Schneider Electric's commitment to the United Nations Sustainable Development Goals (SDGs). Also, our efforts and progress towards achieving gender equality, strong attractiveness factor for our new employees, has been rewarded by Equileap. They have ranked Schneider Electric 15(th) most exemplary firm for accelerating progress towards gender equality. In addition, Schneider Electric has joined the United Nations Global Compact LEAD, a global initiative gathering the most engaged companies committed to the United Nations Global Compact Ten Principles. Schneider Electric will be actively involved in the 'Decent Work in Global Supply Chains' and 'Pathways to Low-Carbon & Resilient Development' action platforms."
Quarter highlights
Climate:
-- Progress was made in the "100 million metric tons CO(2) saved on our
customers' end thanks to our EcoStruxure offers" indicator, with 31
million metric tons now saved. Thanks to EcoStruxure, Schneider Electric
helps customers all over the world reduce their emissions. This
calculation method is designed with a view to becoming a shared
standard, notably differentiating emissions saved in renovation markets
and those saved in new markets.
Circular economy:
-- The "100% cardboard and pallets for transport packing from recycled or
certified sources" indicator reached 60%. The percentage of cardboard
and pallets used by Schneider Electric from recycled or certified
sources is steadily increasing, enhancing the Group's contribution to
the circular economy. In the third quarter of 2018, 60% of the cardboard
and pallets purchased came from recycled or certified sources, and
Schneider Electric aims to continue along this path of rapid progress to
further increase this percentage.
Health & Equity:
-- The "100% of workers received 12 hours of learning in the year with 30%
digital learning" indicator rose to 33%. Nearly 20 pilot or
early-adopter factories and distribution centers started using this new
learning method. Employees at these sites appreciated the new digital
training platform, and are welcoming the opportunity to learn
independently and prepare for a more digital future. The level of
interest from other sites asking to launch their own digital training
platform quickly is another good sign for the upcoming roll-out of the
platform to all factories and distribution centers.
Ethics:
-- The "5 pts/100 increase in average score of ISO26000 assessment for our
strategic suppliers" indicator was up 1.5 points compared to 2017. In
accordance with ISO26000, the Ecovadis rating of Schneider Electric's
strategic suppliers is a key part of integrating the Group's sustainable
development strategy into its supply chain. Through this strategy, the
Group aims to constantly improve environmental, ethical, labor law and
human rights conditions at all its strategic suppliers. The average
score was up 1.5 points for the third quarter of 2018 compared with
2017, coming to 52.6/100, one of the highest Ecovadis ratings.
Development:
-- The "x4 turnover of our Access to Energy program" indicator keeps
progressing at x1.33. Business activity from the Access to Energy
program was on the rise compared to 2017. The program is bringing
electricity to communities worldwide thanks to local partnerships with
micro-grid operators in countries such as India, Myanmar and Nigeria. At
the same time, a number of industrial and commercial customers continued
to equip their remote and off-grid sites with stand-alone power systems
and solar street lighting. Lastly, new partnerships were signed in
India, Nigeria and West Africa for the distribution of solar equipment
for homes and micro-companies.
Highlights:
-- Schneider Electric has joined the Global Compact LEAD
-- Schneider Electric is rated second in its sector and is included in the
Dow Jones Sustainability World and Europe Indices
-- Schneider Electric ranks 15(th) out of 3,200 companies in Equileap's
2018 Gender Equality report for its commitment to accelerating progress
towards gender equality
-- Schneider Electric is rated first in its sector by Sustainalytics,
independent global provider of ESG and corporate governance research and
ratings for investors. Every year, Sustainalytics rates some 9,000
companies worldwide on their ESG performance
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 Centers, 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.
Hashtags: #LifeIsOn #Sustainability #SRI #OurImpact
SOURCE Schneider Electric
