,Singapore

Schneider Electric reaches number 1 spot for sustainability in its sector by ESG rating agency Vigeo Eiris

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 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 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 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.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.