RUEIL-MALMAISON, FRANCE / ACCESS Newswire / February 20, 2025 / Schneider Electric, the leader in the digital transformation of energy management and automation, today published details of its sustainability performance for the final quarter of 2024, alongside its full-year financial results. The company's Sustainability Impact (SSI) score reached 7.55 out of ten, surpassing the 2024 end-year target of 7.40. Monitoring and reporting on the 11 global commitments of its SSI's quarterly progress is fundamental to achieving the company's goals tied to all dimensions of environmental, social, and governance (ESG).
"In 2024, Schneider Electric was recognized by TIME and Statista as the World's Most Sustainable Company. Earlier this year, we were honored to receive the same recognition from Corporate Knights as part of its Global 100 ranking - marking our second time topping this list and a first for any corporation. These remarkable achievements, alongside other key ESG recognitions inspire us to reach even greater heights in 2025," said Chris Leong, Chief Sustainability Officer at Schneider Electric. "As we enter the final year of our Sustainability Impact program, we are determined to continue transforming ambition into action. There's still work ahead, but with the support of our extensive ecosystem, our people, and all our Impact Makers, we will succeed."
Schneider Electric continues to make consistent strides each quarter towards its goals of reducing the carbon footprint of its customers. Since 2018, its energy-saving products, software, and services have enabled customers to save and avoid 679 million tonnes of CO2. The 1,000 top suppliers engaged in Schneider's Zero Carbon Project have made notable progress in adopting energy efficiency initiatives and shifting to renewable energy, leading to an overall reduction in supplier emissions of 40% by the end of 2024.
Schneider's suppliers are also committed to upholding decent work standards, ensuring fair wages, safe work environments, and improved labor conditions. Within just one year, the percentage of suppliers meeting Schneider's rigorous standards has surged from 21% at the end of 2023 to 63% by the end of 2024.
This commitment to ethical practices goes hand in hand with Schneider's broader mission to make a positive impact globally. A year ahead of schedule, over 53.4 million people have now access to clean and reliable electricity exceeding the SSI ambition of 50 million. Schneider's rural electrification projects, including solar microgrids in Africa, transform lives by enhancing the quality of life of local communities and supporting local economies. At the end of 2024, Schneider had also trained over 824,000 people in energy management, moving closer to its goal of one million by the end of 2025. Through its Youth Education & Entrepreneurship program, Schneider equips young people with essential skills in energy efficiency, preparing them for careers in sustainable industries.
In addition to these accomplishments, for the 14th consecutive year, Schneider Electric has been included in the DJSI World Index, achieved a place on CDP's A list, and earned a AAA rating from MSCI ESG. Schneider's latest score from EcoVadis also secured a Platinum medal.
For further insights on Schneider's Sustainability Impact program, explore Schneider's Q4 or full-year 2024 report featuring a detailed progress dashboard (see image above).
Schneider Electric Media Relations - global.pr@se.com
Related resources:
See Schneider Electric's Q4 2024 Financial and Extra-financial release.
Schneider Electric's Environmental, Social and Governance (ESG):
Sustainability reports page
Frequently Asked Questions (FAQ)
About Schneider Electric
Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.
Our mission is to be the trusted partner in Sustainability and Efficiency.
We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.
We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.
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Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.
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SOURCE: Schneider Electric
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