International. The company Schneider Electric has topped the list of the 'World's Most Sustainable Companies for 2024', prepared jointly by Time magazine and Statista.
Schneider Electric reacted to the news by stating that this recognition reflects the ambitious goals it has in reducing its own emissions, as well as its commitment to helping its customers become more energy efficient.
Time and Statista used a methodology divided into different phases to identify the world's most sustainable companies in 2024, a process that began with a group of more than 5,000 of the world's largest and most influential companies. After a rigorous four-stage assessment, the final ranking excluded unsustainable sectors and took into account factors such as external sustainability ratings and commitments, corporate reporting practices, and environmental and social performance indicators.
This comprehensive approach resulted in 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 drives and measures the company's progress towards the 2021-2025 global sustainability goals, with the aim of contributing to six long-term commitments covering all environmental, social and governance (ESG) dimensions.
Among these advances, the company helped its customers reduce their carbon emissions, with a total of 553 million tons of CO2 saved and avoided since 2018, in addition to having made significant progress in transforming its own supply chain. The carbon emissions of Schneider Electric's top 1,000 suppliers fell by 27% since the start of the program – and 21% of the company's most strategic supply chain partners have met Schneider Electric's decent work 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, which is embedded in everything we do. We consider the environment, society, and good governance in our day-to-day decisions and operations. That's why we're striving to further advance our sustainability goals and ensure everyone contributes to creating a positive and lasting impact."
Schneider Electric was also recently included in the Dow Jones Sustainability World Index for the thirteenth consecutive year, ranking first in its sector and securing its place in the European index.
