Wednesday, 25 November 2015

Schneider Electric recognized by CDP as a world leader for its corporate action & transparency on climate change

The    Group    remains    among    the    best    climate performers in the Climate “A” List by CDP for the
5th year in a row. Schneider Electric is also listed on the Disclosure Index with a score of 100/100 for its high quality carbon emissions and energy data.

Cairo, Egypt, November 25, 2015 Schneider Electric, the global specialist in energy management and automation, announced it has been recognized as a global leader for its actions and strategies in response to climate change and has been awarded a position on The Climate “A” List
by CDP, the international not-for-profit that drives sustainable economies, for the 5th year in a row. The
Group is also awarded a position on the Climate Disclosure Leadership Index (CDLI) for its high quality data on carbon emissions and energy.

At the request of 822 investors who represent US$95 trillion in assets, thousands of companies submit annual climate disclosures to CDP. The reported data are independently assessed against CDP’s scoring methodology and marked out of 100.  Those organizations graded within the top 10% constitute the CDLI. With a score of 100/100, Schneider Electric is one of the 9 French companies listed on the CDLI.

In addition to this index, CDP also releases The Climate “A” List, which comprises companies from around the world that have been identified as leading in their efforts and actions to combat climate change in the past CDP reporting year. For the 5th year in a row, Schneider Electric is among the 5% companies that have been awarded an A grade for their performance. The Group is also one of the
only 5 French companies to appear on the Climate “A” List this year.

Jean-Pascal Tricoire, Chairman and CEO at Schneider Electric, comments: “Schneider Electric is very proud to receive the highest rating of 100 and to be on the A list for the 5th year in a row. We have steadily gained in rating: in 2011, we were 91 out of 100 and last year 99 out of 100. In a world where the need for energy will continue to increase, it shows our strategic commitment to help customers make their ecosystem safe, reliable, efficient and sustainable, and to achieve more with less resources in a more connected, distributed and smart world. For Schneider Electric, naturally, this rating invites and urges us to continue delivering on our commitments without any compromise.”

Schneider Electric’s has been integrating sustainable development at the heart of its strategy, for the past ten years. Since  2005,  the  Planet  &  Society  Barometer  has  been  used  as  the  company sustainable development scorecard. It highlights a three-year commitment to specific objectives that advance three pillars, Planet, Profit and People. The Planet & Society Barometer guarantees transparency and accountability. A simple scoring scale of 10 provides an overall measure of the Group’s sustainable development improvements.

In October 2015, Schneider Electric successfully launched a climate bond raising 200 million euros with a 10-year maturity and a coupon of 1.841% in partnership with AXA Investment Managers (AXA IM), Mirova and Neuflize OBC Investissements. The objective of this bond issue is to finance Schneider Electric’s R&D programs dedicated to technologies enabling the Group's customers to achieve superior CO2 savings. This is the first corporate climate bond dedicated to finance low-carbon innovation programs.

Fight against climate change through development of solutions for energy efficiency and CO2 reduction has been at the heart of Schneider Electric’s activities and strategy for years. Schneider Electric helps its customers to reduce their CO2 emissions, with solutions supporting their business objectives. Furthermore, by end of 2017, 100% of solutions offered by Schneider Electric will come with a comprehensive and transparent estimate of their CO2 impacts & gains.

In 2015, Schneider Electric published its new Planet & Society Barometer for the years 2015 to 2017, consisting of 16 progress plans articulating around five megatrends defined for the Group: climate, circular economy, development, ethics, health and equity. The Group is therefore proving its ambition to be positioned as a player in social and environmental innovation. It reinforces the Group’s willingness to intensify its efforts to build a low carbon future.

CDP’s annual global climate change report, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.