BOSTON, Oct. 31, 2018 /PRNewswire/ -- 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.
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 15th 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."
- Progress was made in the "100 million metric tons CO2 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.
- The "100 percent cardboard and pallets for transport packing from recycled or certified sources" indicator reached 60 percent. 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 percent 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 percent of workers received 12 hours of learning in the year with 30 percent digital learning" indicator rose to 33 percent. 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.
- 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.
- 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.
- 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 15th 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
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.
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SOURCE Schneider Electric