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Schneider Electric named among the World’s Most Ethical Companies® by the Ethisphere® Institute for the seventh consecutive year
Rueil-Malmaison (France), March 13, 2017 – Schneider Electric, the global specialist in energy management and automation, announced today that it has been recognized as one of the World’s Most Ethical Companies by the Ethisphere® Institute, the global leader in defining and advancing the standards of ethical business practices. This is the seventh consecutive year that Schneider Electric has received this accolade from Ethisphere®.
Through its World’s Most Ethical Company® list, the Ethisphere® Institute publicly honours for eleventh year companies that have demonstrated ethical leadership in their industries, using ethical conduct as a profit driver and a competitive differentiator. This year, 124 companies were designated as World’s Most Ethical Companies.
These companies represent 52 industry sectors headquartered in 19 countries. Schneider Electric is one of the only two companies honoured in the “Diversified machinery” category.
“We are particularly proud of being honoured for the seventh year by Ethisphere Institute, and moreover to be among the only two companies recognized in our category. It proves that Schneider Electric considers very thoroughly ethical challenges and address them with impact and efficiency, in line with our corporate values”, said Emmanuel Babeau, Deputy Chief Executive Officer in charge of Finance & Legal Affairs and Chairman of the Ethics & Responsibility Committee at Schneider Electric. In so doing, our customers may be sure that our ethical standards are the highest possible and that we care for planet and society”.
“Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage”, said Ethisphere’s Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at Schneider Electric for being recognized as a World's Most Ethical Company".
Globally Committed to Responsibility & Ethics
At Schneider Electric, ethics and governance are key drivers of growth and of competitiveness. They are managed through Our Principles of Responsibility, a set of guidelines designed to provide the Group’s employees with a framework for responsible behaviour. This document was formulated in line with the company’s principles of governance, the 10 principles of the Global Compact, the Universal Declaration of Human Rights, and international labour standards. Our Principles of Responsibility has been translated into 30 languages and sent to all Group employees. The “Responsibility & Ethics Dynamics” program also helps Schneider Electric employees to manage any ethical issues that may arise. The program is regularly communicated and audited internally, and since the beginning of 2015, it is serving as an indicator of ethical performance in the Planet & Society Barometer, the company’s sustainability scorecard. At the end of 2016, this indicator was well above target with 93% of Schneider Electric’s entities having passed the assessment. The objective is to reach 100 percent by the end of 2017.
The full list of the 2017 World’s Most Ethical Companies® can be found on Ethisphere website.
About the Ethisphere® Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. The Institute has a deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere believes integrity and transparency impact the public trust and the bottom line of any organization.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€27 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.