Schneider Electric named among the World’s Most Ethical Companies® by the Ethisphere® Institute for the seventh consecutive year

Schneider
Electric named among the World’s Most Ethical Companies® by the Ethisphere®
Institute for the seventh consecutive year

·         One of the two
companies honoured in the “Diversified machinery” category

·         A strong recognition
of Schneider Electric’s commitment to ethics & responsibility

SINGAPORE – 14
March 2017 – Schneider
Electric, the global specialist in energy
management and automation, announced today that it has been recognised as
one of the World’s Most Ethical
Companiesby the Ethisphere® Institute, the global leader in
defining and advancing the standards of ethical business practices. This is the
seventh consecutive year that Schneider Electric has received this accolade
from Ethisphere®.

Through its World’s
Most Ethical Company® list, the Ethisphere® Institute publicly honours for
eleventh year companies that have demonstrated ethical leadership in their
industries, using ethical conduct as a profit driver and a competitive
differentiator. This year, 124 companies were designated as World’s Most Ethical
Companies. These companies represent 52 industry sectors headquartered in 19
countries. Schneider Electric is one of the only two companies honoured in the
“Diversified machinery” category. 

“We are particularly
proud of being honoured for the seventh year by Ethisphere Institute, and
moreover to be among the only two companies recognised in our category. It
proves that Schneider Electric considers very thoroughly ethical challenges and
address them with impact and efficiency, in line with our corporate values”, said Emmanuel Babeau,
Deputy Chief Executive Officer in charge of Finance & Legal Affairs and Chairman of the
Ethics & Responsibility Committee at Schneider Electric. In
so doing, our customers may be sure that our ethical standards are the highest
possible and that we care for planet and society”. 

“Over the last eleven
years we have seen the shift in societal expectations, constant redefinition of
laws and regulations and the geo-political climate. We have also seen how
companies honored as the World’s Most Ethical respond to these challenges. They
invest in their local communities around the world, embrace strategies of
diversity and inclusion, and focus on long term-ism as a sustainable business
advantage”, said Ethisphere’s Chief Executive Officer,
Timothy Erblich. “Congratulations to everyone at Schneider
Electric for being recognised as a World’s Most Ethical Company”.

Globally Committed to
Responsibility & Ethics

At Schneider Electric,
ethics and governance are key drivers of growth and of competitiveness. They
are managed through Our
Principles of Responsibility, a set of guidelines
designed to provide the Group’s employees with a framework for responsible
behaviour. This document was formulated in line with thecompany’s
principles of governance, the 10 principles of the Global
Compact, the Universal Declaration of Human Rights, and
international labour standards. Our Principles of Responsibility has been
translated into 30 languages and sent to all Group employees. The
“Responsibility & Ethics Dynamics” program also helps Schneider Electric
employees to manage any ethical issues that may arise. The programme is
regularly communicated and audited internally, and since the beginning of 2015,
it is serving as an indicator of ethical performance in the Planet
& Society Barometer, the company’s sustainability
scorecard. At the end of 2016, this indicator was well above target with 93
percent of Schneider Electric’s entities having passed the assessment. The
objective is to reach 100 percent by the end of 2017.

The full list of the 2017 World’s Most
Ethical Companies® can be found on Ethisphere website.