Schneider Electric among the World's Most Ethical Companies

The Ethisphere Institute has published its list of the World’s Most Ethical Companies for 2017, honouring companies that have not only demonstrated ethical leadership in their industries, but used ethical conduct as a profit driver and a competitive differentiator.

This year, 124 companies were designated as World’s Most Ethical Companies, representing 52 industry sectors headquartered in 19 countries. Among them was energy management company Schneider Electric, honoured in the ‘Diversified machinery’ category for the seventh year in a row.

Schneider Electric claims to use ethics and governance as key drivers of growth and competitiveness, managed through its Principles of Responsibility. Designed to provide the group’s employees with a framework for responsible behaviour, these guidelines were formulated in line with the company’s principles of governance, the 10 principles of the Global Compact, the Universal Declaration of Human Rights and international labour standards.

Schneider’s Responsibility & Ethics Dynamics program also helps its employees to manage any ethical issues that may arise. Since the beginning of 2015, this program has served as an indicator of ethical performance in the Planet & Society Barometer, the company’s sustainability scorecard. At the end of 2016, 93% of Schneider Electric’s entities were listed as having passed the assessment. The objective is to reach 100% by the end of 2017.

The full list of the World’s Most Ethical Companies can be viewed here.