- Following the excellent progress on SSI in 2018, objectives for 9 indicators out of 21 have been raised
- With a result of 35% renewable electricity consumption, Schneider Electric continues its steady progress towards its 80% goal in 2020
- More than 49,000 metric tons of avoided primary resource consumption
Dubai, UAE, April 23, 2019: For the fifth year, Schneider Electric, the leader in digital transformation of energy management and automation, announces its financial and non-financial results together for the first quarter of 2019. 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 6.23 out of 10 in Q1 2019, the Group is in a good way to meeting the Schneider Sustainability Impact target of 7 out of 10 for the end of 2019.
The non-financial results by indicator are as follows:
Gilles Vermot Desroches, Sustainability Senior VP at Schneider Electric, commented: 'As the 21 objectives of our Schneider Sustainability Impact have demonstrated an excellent performance in 2018, we have decided to increase the level of our ambitions for 9 indicators* and the first quarter results, 6.23/10, shows that we were right to raise the bar higher. In 2019, we will accelerate the implementation of our action plans on key challenges such as climate change, biodiversity, ethics, development or health. We have already started, and we are happy to announce the new version of our Principles of Responsibility. It is the 4th version, fully aligned with the 10 principles of the Global Compact that we signed in 2002. Our PoR serve as a guide for the whole company in terms of ethics & compliance”.
• Schneider Electric continues its steady progress towards its '80% renewable electricity” goal by 2020. In Q1 2019, 35% of the Group electricity consumption was sourced from onsite solar rooftops, power purchase agreements, green contracts with utilities and certificates. Beginning of 2019, a new Power Purchase Agreement has been signed in Mexico, expected to reduce CO2 emissions by 13,000 tons per year. A new solar rooftop will also be commissioned in Schneider Electric Vietnam Manufacturing plant, connected to EcoStruxureTM Power and EcoStruxureTM Building for efficient energy management.
• The '120,000 metric tons of avoided primary resource consumption through ECOFITTM, recycling and take-back programs' indicator reaches 49,538 metric tons. The batteries recycling activity counts for almost 90% due to the high specific weight of this product, the relative ease to transport them and the value of the material inside. Many efforts have also been done in other activities for products like transformers, UPS and switchgear.
Health & Equity:
• Together with 8 other indicators of the Schneider Sustainability Impact, our learning indicator for workers is amplified to target that '100% of workers received 15 hours of learning in the year with 30% digital learning”, instead of 12 hours. With this new objective, Schneider Electric shows its commitment to making digital and learning core to its culture. Measurement for this new KPI will be presented together with half year results.
• The ' 100% of sales, procurement, and finance employees trained every year on anti-corruption” indicator reaches 39% for the first quarter, taking into account only the targeted employees who have not achieved this training last year. By the beginning of Q2, all targeted employees will follow a new e-learning to be trained on anti-corruption.
- 634 volunteering days have been done in Q1 so that 6,325 days have been completed so far as part of the '15,000 volunteering days thanks to our VolunteerIn global platform ' indicator. This quarter’s result is almost three times higher than the result of last year at the same period. As usual, the volunteering activity is a bit lower at the beginning of the year but the different events which will be organized and pushed by the Schneider Electric Foundation will enable to boost employees’ engagement.
- One Planet Summit 2019: Schneider Electric accelerates the transition to the low carbon economy.
- World’s Most Ethical Companies: Schneider Electric has been named among 100 of the World’s Most Ethical Companies by the Ethisphere® Institute for the 9th consecutive year.
- 9 indicators of the SSI are amplified in 2019: Following the excellent SSI performance achieved already in 2018, objectives for 9 indicators out of 21 have been amplified.
- Leading Energy-as-a-Service (EaaS) provider: Navigant Research has named Schneider Electric the leading Energy-as-a-Service (EaaS) provider.
- Climate Leadership Award: Schneider Electric won the Organisational Leadership Award, along with Mars Inc. and PepsiCo, for its exemplary leadership in its internal response to climate change, and engagement of its peers, partners, and supply chain.