Schneider Electric Earns Top Spot for Sustainability in its Sector from ESG Rating Agency Vigeo Eiris

SchneiderLogo Thumbnail

August 25, 2021

Schneider Electric, the leader in the digital transformation of energy management and automation, received top ranking for performance in its sector by Vigeo Eiris (V.E), the principal European environmental, social and governance (ESG) rating agency and part of the Moody’s Group. Schneider has also been included among the world’s most sustainable leaders in the mid-year reviews of the FTSE4Good Index and Euronext Vigeo Eiris indices.

Earlier in the year, Schneider Electric was recognized as the world’s most sustainable corporation in 2021 by the Corporate Knights Global 100 Index.

The recent ranking by V.E and inclusion in the FTSE4Good Index are testament to the Group’s ongoing sustainability efforts which can be seen from its recent half-year progress reportSchneider is working towards establishing and advancing its 2021-2025 Schneider Sustainability Impact (SSI) targets launched in January of this year. The report highlighted some key successes for the Group such as 91% of its top 1000 suppliers joining its recently launched ‘Zero Carbon Project’ which aims to reduce their operations’ CO2 footprint by 2025. So far this year, Schneider has also helped its customers save and avoid 302 million tons of CO2 emissions since 2018 and continues to support its customers in attaining their own sustainability goals.

The V.E rating positions Schneider first in the Electronic Components & Equipment sector among the best companies in Europe with a score of 71/100 (versus a sector average of 39/100) and a five-point increase from the previous year. V.E. conducts its assessment every two years based on information covering 23 areas of interest ranging from climate change, health, safety, and environmental issues to human and labor rights. Due to this rating, Schneider has also confirmed its inclusion in the Euronext V.E indices: World 120, Europe 120, Eurozone120, and France 20 which are composed of the highest-ranking listed companies in terms of their performance in corporate responsibility.

In addition, the FTSE4Good series, which ranks the top companies twice a year in terms of ESG practices and transparency, included Schneider for the sixth year following FTSE4Good’s first half-year review in 2021. The Group scored 4.5/5, compared to a sector average of 2.1 and maintains its score compared to the previous year.

Source

Related Articles


Latest Articles

  • TSBC Directive: Advertising Requirements for Licensed Contractors

    TSBC Directive: Advertising Requirements for Licensed Contractors

    June 18, 2024 This directive, published May 2, 2024, is being issued by a provincial safety manager pursuant to section 30 of the Safety Standards Act. On September 6, 2022, changes to the Safety Standards General Regulation came into effect that require licensed contractors to publish their company name and Technical Safety BC licence number… Read More…

  • TSBC Announces Adoption of BC Electrical Code, 2024 Edition

    TSBC Announces Adoption of BC Electrical Code, 2024 Edition

    June 18, 2024 Effective March 4, 2025 the Canadian Electrical Code, Part I, 26th Edition, Safety Standard for Electrical Installations, Canadian Standards Association Standard C22.1-24 is adopted as the BC Electrical Code. All electrical work subject to the BC Electrical Code must comply with the updated edition effective March 4, 2025. All code-related information bulletins… Read More…

  • Investment in Single-Family Homes Continues to Rise for April

    Investment in Single-Family Homes Continues to Rise for April

    June 14, 2024 Month over month, investment in building construction increased 4.5% to $20.4 billion in March. The residential sector was up 5.4% to $14.3 billion, while investment in the non-residential sector increased 2.3% to $6.1 billion. On a constant dollar basis (2017=100), investment in building construction increased 4.1% to $12.5 billion in March. Investment in single-family homes continues to rise Investment in… Read More…

  • Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    Record High Levels in British Columbia’s Multi-Unit Residential Construction Intentions for April

    June 14, 2024 Month over month, the total value of building permits in Canada significantly increased 20.5% to $12.8 billion in April. Construction intentions in the residential sector increased 21.0% to $8.0 billion and the non-residential sector rose 19.6% to $4.8 billion, with growth observed in all components. British Columbia posted a record high monthly total value of building permits ($3.1 billion),… Read More…


Changing Scene

  • OmniCable Announces Partnership with Cascadia Sales

    OmniCable Announces Partnership with Cascadia Sales

    June 18, 2024 OmniCable, an industry-leading redistributor selling wire, cable, fiber, and other communications and electrical products exclusively to distributors, is proud to announce its partnership with Cascadia Sales to represent OmniCable’s complete product line in Canada. Cascadia Sales represents manufacturers in the electrical and lighting industry in the British Columbia market. “We are thrilled to begin this partnership,” said Georgia… Read More…

  • Agence Ricard Announces the Appointment of a New Marketing Director

    Agence Ricard Announces the Appointment of a New Marketing Director

    June 18, 2024  Agence Ricard is pleased to announce the appointment of Clémence Marseille as its new Marketing Director. Clémence brings with her a rich experience of more than 10 years in the field of marketing, including 5 years specifically dedicated to the electrical industry. Her expertise and strategic vision will be invaluable assets to support and… Read More…

  • Electrical Safety Authority and Proof Strategies Reveal the Truth About Unlicensed Electricians with Award-Winning Safety Campaign

    Electrical Safety Authority and Proof Strategies Reveal the Truth About Unlicensed Electricians with Award-Winning Safety Campaign

    June 18, 2024 The Electrical Safety Authority (ESA) and Proof Strategies have received seven awards from the Canadian Public Relations Society (CPRS), including 2024 ACE Best Creative Campaign, for the outstanding “Don’t Risk It” campaign. The campaign raises awareness of the risks of unlicensed electrical work. ESA engaged Proof Strategies to develop the integrated communications campaign,… Read More…

  • ECAO Recognizes its 2024 R. Hugh Carroll Safety champions

    ECAO Recognizes its 2024 R. Hugh Carroll Safety champions

    June 17, 2024 The Electrical Contractors Association of Ontario’s R. Hugh Carroll Safety Awards demonstrate the ECAO’s commitment “to promoting and fostering a positive, safety-first culture amongst its membership, and the electrical industry”. This year’s honorees were recognized during the association’s 2024 annual general meeting at the Woodbine Trackside Clubhouse. “Every year it gets harder to pick… Read More…