Schneider Electric, the leader in the digital transformation of energy management and automation, announced today its 2023 sustainability impact performance as part of its full-year financial results.
The Schneider Sustainability Impact score for the year exceeded expectations, reaching 6.13 out of 10, and surpassing the year-end target of 6 out of 10. Schneider Electric was also recognized as a top performer by independent environmental, social, and governance (ESG) ratings throughout the year.
Three years into the Schneider Sustainability Impact (SSI) program, Schneider Electric solutions for electrification, digitalization, and automation continue to lower the carbon emissions of customers, with 112 million of tonnes saved and avoided in 2023 alone. Great strides have also been made in transforming Schneider Electric’s supply chain. Carbon emissions from Schneider Electric’s top 1,000 suppliers have fallen by 27 percent — significant progress compared to the 10 percent reduction achieved in 2022 — and 21 percent of the company’s most strategic supply chain partners have met Schneider Electric’s decent work standards.
Efforts across the company to act responsibly with resources mean 63 percent of Schneider Electric’s product packaging is now free of single-use plastic and made of recycled cardboard. The company’s long-standing commitment to close the energy access gap has also advanced at pace, with 46.5 million people now accessing clean and reliable electricity thanks to Schneider Electric initiatives around the world, and more than 578,000 people learning new skills to address the future energy needs of their communities.
On the external ESG rating front, Schneider Electric has maintained its status as a sustainability leader in the Dow Jones Sustainability Index (DJSI) and in Corporate Knights’ list of Global 100 Most Sustainable Corporations in the World for the 13th year running, and obtained high scores from Moody’s Analytics, CDP, and EcoVadis with a Platinum medal.
