Rueil-Malmaison (France), March 26, 2014 – Schneider Electric, the global specialist in energy management, was nominated for the fourth 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 behavior 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.
“Responsible values and practices are key in the management of our people and in the relationship with our stakeholders, said Jean-Pascal Tricoire, Chairman & CEO of Schneider Electric. This nomination acknowledges our progress and encourages us to do even better."
To face issues such as environmental concerns, ensure responsible management behaviors (such as preventing 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 and 2013, Schneider Electric gave all its employees a common reference point for responsible behaviors, and complete by sectorial policies (purchasing, quality, environment, etc.). As a supplement to the distribution to all employees, the group has set up in 2010 a Responsibility and Ethics Dynamics program to help the employees when facing ethical dilemma situations. The R&ED program formalizes questioning and alert processes which allow asking the good questions and sharing the issue with the right interlocutors. Since 2010, 50,000 employees have completed the e-learning about the “Principles of Responsibility”. An audit realized in 2011 has shown that 75% of the Schneider Electric employees estimate that "Our Principles of responsibility" and the ethical practices that comes with it constitutes a competitive advantage for the Group. In 2012 and 2013, Schneider Electric set up the R&ED Line, an additional mean (whistle blowing tool) available on a global scale and to all employees having to deal with ethical dilemma.
In 2014, Schneider Electric was one of the four French companies which got ranked among Ethisphere’s list of the 100 World's Most Ethical Companies.
The full list of the 2014 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.
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 & Infrastructure, Industries & Machines Manufacturers, Non-residential Buildings, Data Centres & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group's 150,000 plus employees achieved sales of 24 billion euros in 2013, through an active commitment to help individuals and organizations make the most of their energy.
The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and governance and enables organizations to improve compliance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World’s Most Ethical Companies® recognition program and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™. More information about Ethisphere can be found at: www.ethisphere.com