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Schneider Electric reaches number 1 spot for sustainability in its sector by ESG rating agency Vigeo Eiris Maynooth, County Kildare, Ireland
18/08/2021
sustainability
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Schneider confirms inclusion within FTSE4Good Index and main Euronext Vigeo Eiris indices among world sustainability leaders
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 recognised 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 report. Schneider 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 labour 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.
Chris Collins, Country President Ireland at Schneider Electric said, We are proud to be recognised for our sustainability efforts by Vigeo Eiris and the FTSE4Good series. The future must be sustainable and the next few months are crucial for Irish businesses to participate actively in the fight against climate change and invest in energy-efficient measures.
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Chris Collins
Country President Ireland
Chris leads Schneider Electric's business in Ireland. He plays a vital role in directing the next phase of growth and strategy in the country, reporting to Kelly Becker, Zone President UK & Ireland. He began his career working in engineering and operations roles with field services teams in Siemens and TFC Automation. He joined Schneider Electric as a Business Development Manager in 2003 and was responsible for building automation and security products in the North East region of the US. Over the past seventeen years, he has held several roles, including senior board-level positions at Schneider Electric and is a seasoned business leader, having overseen Schneider's smart buildings business, covering both the commercial and residential sectors in the US. Prior to taking on his current role in April 2021, he was Vice President of Systems Transformation, Digital Energy in the US. Chris holds a Bachelor of Science degree in Information Management Systems from the University of Maryland Baltimore County and an MBA, Business Administration, Management and Operations from Loyola University Maryland. Chris is a Director of the France Ireland Chamber of Commerce Council and sits on the American Chamber of Commerce Ireland Infrastructure Taskforce. Connect with Chris on LinkedIn and Twitter.
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