Schneider Electric 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 10, surpassing the 2024 end-year target of 7.40. Schneider Electric said that 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).
Chris Leong, chief sustainability officer at Schneider Electric, said: “In 2024, Schneider Electric was recognised by TIME and Statista as the World’s Most Sustainable Company. Earlier this year, we were honoured 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. As we enter the final year of our Sustainability Impact programme, 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.”
Since 2018, the company stated that its energy-saving products, software and services have enabled customers to save and avoid 679m 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, it said, leading to an overall reduction in supplier emissions of 40% by the end of 2024.
Schneider added that its suppliers are also committed to upholding decent work standards, ensuring fair wages, safe work environments and improved labour conditions. Within one year, the percentage of suppliers meeting Schneider’s standards has risen from 21% at the end of 2023 to 63% by the end of 2024.
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.