RUEIL-MALMAISON, France, June 13, 2016 /PRNewswire/ -- At the end of 2015, COP21 raised enormous, legitimate hopes worldwide that citizens, governments and companies would coordinate their efforts to limit the causes and effects of climate change. Just a few months later, the Newsweek Global Green Ranking 2016, the global listing of the most environmentally friendly corporations produced by U.S. weekly news magazine Newsweek in partnership with Corporate Knights and HIP Investor, has commended the environmental commitment made by Schneider Electric, the global specialist in energy management and automation. The Group is proud to be ranked 10th, alongside other reputable companies such as Shire Plc., Reckitt Benckiser and British Telecom.
Driving Innovation at Every Level for Sustainability
The high scores obtained by Schneider Electric reflects the Group's proven track record in driving innovation at every level through connected energy management and automation technologies that reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life is On.
"We are very pleased with the results of the latest Newsweek Global Green Ranking. It shows that we have the right sustainability strategies and innovation roadmap in place", said Gilles Vermot Desroches, SVP Sustainability at Schneider Electric. "We want everyone on our planet to have access to safe, reliable, efficient and sustainable energy. We are committed to providing innovative solutions that address the energy paradox: balancing our planet's carbon footprint with the irrefutable human right to quality energy".
The big jump in the ranking also results from the company's initiatives in using natural resources wisely, including renewable sources, in its global operations. The ranking recognizes the 10 commitments taken by Schneider Electric at COP21 for the company and its ecosystem to achieve carbon neutrality over the next 15 years, through its products, solutions, R&D and industrial operations.
These commitments include:
- Measuring the carbon impact of 100% of major client projects
- Designing 100% of new offerings using the Schneider ecoDesign Way™ and achieving the company's Green Premium™ standard in 75% of its business
- Avoiding 120,000 tons of CO2 by introducing "end of life" products in line with circular economy principles
- Helping 50 million people at the base of the economic pyramid to access lighting and communications over the next 10 years through low-carbon solutions
Schneider Electric's environmental and sustainable development performance is reported quarterly through its Planet & Society barometer. Schneider Electric's sustainable development strategy has also been recognized by other organizations such as the CDP which has named in November 2015 the Group as a world leader for its corporate action & transparency on climate change for the fifth consecutive year.
About the Newsweek Global Green Ranking
The Newsweek Green Rankings is based on eight objective performance indicators, following a clear and rules-based methodology. A company's score results from the weighted average of these indicators, based on its combined energy productivity score, combined greenhouse gas productivity score, combined water productivity score, combined waste productivity score, green revenue score, sustainability pay link, sustainability board committee and audited metrics.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~$30 billion in FY2015, our 160,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.
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SOURCE Schneider Electric