Schneider Electric recognized as most sustainable corporation
- January 27, 2021
Corporate Knights has for the first time recognized Schneider Electric number one of its annual index of “the Global 100 most sustainable corporations in the world”.
Corporate Knights a Canadian media and research company producing rankings and financial product ratings based on corporate sustainability performance.
A jump from 29th position the previous year, the top ranking for 2021 represents an important external recognition of Schneider Electric’s early and sustained commitment to ESG issues, a Schneider Electric release said. It also highlights the company’s transformation into a leading provider of digital solutions that facilitate energy efficiency and sustainability.
“The core of our strategy is to build a sustainable business and company. Customers, employees, partners and investors have never been more focused on ESG considerations than they are now. Schneider has long embraced those issues, and we keep raising the bar for ourselves, and for our customers and partners,” says Jean-Pascal Tricoire, Schneider Electric’s Chairman and Chief Executive Officer.
To view the full list of 100 most sustainable corporations of the world, click here.
The new Schneider Sustainability Impact (SSI) program will span 2021-2025 and amounts to a significant acceleration of previous targets. It is built on six long-term commitments, which are set to deliver on each of the United Nations’ Sustainable Development Goals. Eleven concrete targets, deliverable by 2025, underpin these commitments. And, for the first time, leaders of the more than 100 markets in which Schneider operates will set local targets to address grassroots-level needs in their communities.
ABB also features in Top 100
In an independent development, ABB, in a release, said that it was also named one of the world’s most sustainable companies by Corporate Knights in the aforementioned list. Ranked 33, ABB significantly improved its score versus last year’s ranking.
To determine the ranking, Corporate Knights transparently analyzed over 8,000 companies against global industry peers on a suite of up to 24 quantitative key performance indicators, covering resource management, employee management, financial management, clean revenue and investment, and supplier performance that are weighted to reflect each industry’s impact profile, the ABB release said.
(Featured photograph sourced from blog.se.com is purely for illustration)