Rueil-Malmaison (France), March 19, 2012 - Schneider
Electric, the global specialist in energy management, was
ranked for the second year in a row in the Top 100 World's
Most Ethical Companies. This designation awarded by
Ethisphere Institute recognizes the Group's efforts to
promote the highest standard of ethical behaviour in
business.
For Schneider Electric, this designation comes as a reward
for the several years of work to implement and maintain
upright business practices and initiatives that participate
in the Group's success and raise the bar for ethical
standards within the industry.
"We are convinced that the stability & performance of a
company reside in responsible values & practices both in
the management of people and in the relationship with
customers & suppliers, said Jean-Pascal Tricoire,
President & CEO of Schneider Electric. This nomination
recognizes our progress and encourages us to do even
better."
To face issues such as environmental concerns, ensure
responsible management behaviours (and avoid harassment or
discrimination) and avoid violations of business ethics
(such as bribery, fraud, or conflicts of interest),
Schneider Electric set up several frameworks over the
years.
With its "Principles of Responsibility", a set of
guidelines first published in 2002 and updated in 2009,
Schneider Electric gave all its employees a common
reference point for responsible behaviours, and complete by
sectorial policies (purchasing, quality, environment,
etc.). In 2010, Schneider Electric deployed new processes
and organizations, including the Responsibility & Ethical
Dynamics programme, to ensure employees are aware of the
decided guidelines, and that there is support for them
should they face an ethical dilemma. In 2010, 15,000
employees completed the e-learning about this "Principles
of Responsibility".In 2012, Schneider Electric Executive
Committee members signed an individual letter of compliance
with the Principles. An audit conducted in 2011 revealed
that 75% of Schneider Electric employees think that such
responsibility and ethical practices are a competitive
advantage for the Group.
In 2011, Schneider Electric was one of the two French
companies which got ranked among Ethisphere's list of the
100 World's Most Ethical Companies.
About Schneider Electric
As a global specialist in energy management with operations
in more than 100 countries, Schneider Electric offers
integrated solutions across multiple market segments,
including leadership positions in Utilities &
Infrastructures, Industries & Machine Manufacturers,
Non-residential Buildings, Data Centres & Networks and in
Residential. Focused on making energy safe, reliable,
efficient, productive and green, the Group's 130,000 plus
employees achieved sales of 22.4 billion euros in 2011,
through an active commitment to help individuals and
organizations make the most of their energy.
www.schneider-electric.com
Ethisphere® Institute is a leading international think-tank
dedicated to the creation, advancement and sharing of best
practices in business ethics, corporate social
responsibility, anti-corruption and sustainability. For the
sixth year in a row, Ethisphere reviewed hundreds of
companies and evaluated a record number of applications
utilizing its propriety methodology through in-depth
research and multi-step analysis, naming the companies that
surpassed their industry peers to this year's
World's Most Ethical Companies list.