Schneider Electric, a leader in the digital transformation of energy management and automation, ranked first in the “World’s Most Sustainable Companies of 2024” list prepared by Time magazine and Statista. This recognition reflects Schneider Electric’s ambitious goals to reduce its own emissions and its commitment to helping its customers improve energy efficiency and reduce emissions.
Time and Statista used a transparent, multi-stage methodology to identify the most sustainable companies of 2024. The process started with a pool of more than 5,000 of the world’s largest and most influential companies. After a four-stage evaluation, the final ranking eliminated unsustainable industries. It took into account factors such as external sustainability ratings, commitments, corporate reporting practices, environmental and social performance indicators. This comprehensive approach produced a ranking of 500 companies from more than 30 countries.
Both Time and Statista highlighted Schneider Electric’s technological expertise and the Schneider Sustainability Impact (SSI) program. This transformative program enables and measures the company’s progress towards its 2021-2025 global sustainability goals and contributes to six long-term commitments covering all environmental, social and governance (ESG) dimensions. Among this progress, 553 million tonnes of carbon dioxide (CO2) have been avoided since 2018 as the company helps its customers reduce their carbon emissions.
The company has also made significant progress in transforming its supply chain. The carbon emissions of Schneider Electric’s top 1,000 suppliers have decreased by 27% since the program began. Additionally, 21% of the company’s most strategic supply chain partners met Schneider Electric’s business standards.
“We are incredibly honored to be recognized as the world’s most sustainable company,” said Peter Herweck, CEO of Schneider Electric. “This achievement is a testament to our unwavering commitment to sustainability, built into everything.” We take the environment, society and good governance into account in our decisions and daily operations. That’s why we’re working hard to make further progress on our sustainability goals and ensure everyone can contribute to making a positive and lasting impact.” He continued his statements.