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Schneider Electric Named The World’s Most Sustainable Corporation for a Second Time

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Schneider Electric Named The World’s Most Sustainable Corporation for a Second Time
News

News

Schneider Electric Named The World’s Most Sustainable Corporation for a Second Time

2025-01-23 00:17 Last Updated At:00:41

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Jan 22, 2025--

Schneider Electric, the leader in the digital transformation of energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights and is the only company to rank first in the Global 100 twice. Schneider Electric previously topped this annual list of the most sustainable publicly listed companies, generating annual revenues of over $1bn in 2021. This unique achievement underlines Schneider’s long-standing commitment and holistic approach to delivering the best environmental, social and governance (ESG) performance possible.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250122056876/en/

“For many years now, sustainability has been at the heart of what Schneider Electric does. For an IMPACT company it's more than just a corporate goal, it's the driving force that shapes our business decisions and inspires our employees," said Olivier Blum, Schneider Electric's Chief Executive Officer. "This second title as the World's Most Sustainable Corporation from Corporate Knights, alongside other key ESG recognitions, is testimony to the valuable, long-term positive impact we have.”

This year, Schneider Electric’s number one position reflects the company’s leadership in sustainable development practices, such as the gender diversity of its executives and board directors, and its innovative solutions to facilitate energy efficiency, electrification and decarbonization. Schneider also obtained strong scores for efforts to decouple its energy consumption and carbon emissions from its business growth, and its strong investment in sustainable research and development. Corporate Knights also called out the link between executive pay incentives and Schneider Electric’s sustainability performance and ESG ratings.

"Schneider Electric's position at the top of the Global 100 index is remarkable. No other company has accomplished this twice," said Toby Heaps, Corporate Knights’ CEO. "This success stems from Schneider's broad impact that goes beyond its own sustainability efforts. Schneider provides the technology to enhance energy efficiency, support decarbonization and help other companies in their sustainable transitions."

Compiled by the Canadian media and research company, Corporate Knights, the annual Global 100 index is based on publicly disclosed, quantitative data related to resources, employees, suppliers, sustainable revenues, and investment. The Global 100 methodology uses fixed and variable key performance indicators to rank companies among their peers. Schneider Electric has been part of the Global 100 every year for the past 14 years and in the top 10 seven times — a record for its electrical equipment manufacturing peer group.

Being awarded this title in both 2021 and 2025 coincides with the beginning and end of the five-year period of the latest Schneider Sustainability Impact program. This program measures the company’s progress across a range of transformative ESG targets set for the end of 2025 and helps maintain an unwavering focus on achieving both its global and local ambitions.

Schneider’s sustainability leadership is further affirmed with the latest scores from prominent ESG rating providers in the provided table.

About Schneider Electric

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com/ca

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation onSchneider ElectricInsights.

Hashtags: #Sustainability #ESG #Award

Schneider’s sustainability leadership is further affirmed with these latest scores from prominent ESG rating providers. (Graphic: Business Wire)

Schneider’s sustainability leadership is further affirmed with these latest scores from prominent ESG rating providers. (Graphic: Business Wire)

MUGHRAQA, Gaza Strip (AP) — Israeli forces began withdrawing from a key Gaza corridor on Sunday, Israeli officials said, part of Israel's commitments under a tenuous ceasefire deal with Hamas that is moving ahead but faces a major test over whether the sides can negotiate its planned extension.

Israel agreed as part of the truce to remove its forces from the 4-mile (6-kilometer) Netzarim corridor, a strip of land that bisects northern Gaza from the south that Israel used as a military zone during the war.

At the start of the ceasefire last month, Israel began allowing Palestinians to cross Netzarim to head to their homes in the war-battered north, sending hundreds of thousands streaming across Gaza on foot and by car. The withdrawal of forces from the area will fulfill another commitment to the deal, which paused the 15-month war.

However, the sides appear to have made little progress on negotiating the deal's second phase, which is meant to extend the truce and lead to the release of more Israeli hostages held by Hamas.

Israeli Prime Minister Benjamin Netanyahu was sending a delegation to Qatar, a key mediator in talks between the sides, but the mission included low-level officials, sparking speculation that it won’t lead to a breakthrough in extending the truce. Netanyahu is also expected to convene a meeting of key Cabinet ministers this week on the second phase of the deal.

Separately on Sunday, the Palestinian Health Ministry said that a 23-year-old Palestinian woman who was eight months pregnant was fatally shot by Israeli gunfire in the northern occupied West Bank, where Israeli troops have been carrying out a broad operation.

Since it began on Jan. 19, the ceasefire deal has faced repeated obstacles and disagreements between the sides, underscoring its fragility. But it has held, raising hopes that the devastating war that led to seismic shifts in the Middle East may be headed toward an end.

On Sunday, cars heaped with belongings, including water tanks and suitcases, were seen heading north through a road that crosses Netzarim. Under the deal, Israel is supposed to allow the cars to cross through uninspected, and there did not appear to be troops in the vicinity of the road.

Hamas spokesperson Abdel Latif Al-Qanoua said the withdrawal showed Hamas had “forced the enemy to submit to our demands" and that it thwarted “Netanyahu’s illusion of achieving total victory.”

The Israeli officials, who spoke on condition of anonymity because they weren't authorized to discuss troop movement with the media, did not disclose how many soldiers were withdrawing. Troops currently remain along Gaza's borders with Israel and Egypt and a full withdrawal is expected to be negotiated in a later stage of the truce.

During the first 42-day phase of the ceasefire, Hamas is gradually releasing 33 Israeli hostages captured during its Oct. 7, 2023, attack in exchange for a pause in fighting, freedom for hundreds of Palestinian prisoners and a flood of humanitarian aid to war-battered Gaza. The deal also stipulates that Israeli troops will pull back from populated areas of Gaza as well as the Netzarim corridor.

In the second phase, all remaining living hostages would be released in return for a complete Israeli withdrawal from Gaza and a “sustainable calm.” But details beyond that are unclear and repeated stumbling blocks throughout the first phase and the deep mistrust between the sides have cast doubt on whether they can nail down the extension.

Israel has said it won’t agree to a complete withdrawal from Gaza until Hamas’ military and political capabilities are eliminated. Hamas says it won’t hand over the last hostages until Israel removes all troops from the territory.

Netanyahu meanwhile is under heavy pressure from his far-right political allies to resume the war after the first phase so that Hamas, which carried out the deadliest attack on Israelis in their history, can be defeated. He is also facing pressure from Israelis who are eager to see more hostages return home and want to deal to continue, especially after the gaunt appearances of the three male captives freed on Saturday stunned the nation.

Complicating things further is a proposal by U.S. President Donald Trump to relocate the population of Gaza and take ownership of the Palestinian territory. Israel has expressed openness to the idea while Hamas, the Palestinians and the broader Arab world have rejected it outright.

The suggested plan is saddled with moral, legal and practical obstacles. But it may have been proposed as a negotiation tactic by Trump, to try to ratchet up pressure on Hamas or as an opening gambit in a bargaining process aimed at securing a normalization deal between Israel and Saudi Arabia. That grand deal appeared to be rattled on Sunday as Saudi Arabia condemned remarks by Netanyahu who said Palestinians could create their state in that territory.

Saudi Arabia said his remarks “aim to divert attention from the successive crimes committed by the Israeli occupation against our Palestinian brothers in Gaza, including the ethnic cleansing they are being subjected to.”

In an interview Thursday with Israel’s Channel 14, Netanyahu said: “The Saudis can create a Palestinian state in Saudi Arabia; they have a lot of land over there.”

The war in Gaza, sparked by Hamas’ attack that killed 1,200 people and saw 250 taken hostage, has killed more than 47,000 Palestinians according to local health authorities who do not differentiate between fighters and noncombatants in their count. Vast parts of the territory have been obliterated in the fighting, leaving many Palestinians returning to damaged or destroyed homes.

Violence has surged in the West Bank throughout the war and has intensified in recent days with an Israeli military operation in the north of the territory. The shooting of the pregnant woman, Sundus Shalabi, happened in the Nur Shams urban refugee camp, a focal point of Israeli operations against Palestinian militants in the territory. The Palestinian Health Ministry also said that Shalabi’s husband was critically wounded by the gunfire.

The Israeli military did not immediately respond to a request for comment. Israel’s Defense Minister Israel Katz announced on Sunday the expansion of the Israeli military operation, which started in the city of Jenin several weeks ago. He said the operation was meant to prevent Iran from establishing a foothold in the occupied West Bank.

Goldenberg reported from Tel Aviv, Israel. Associated Press writer Jon Gambrell in Dubai, United Arab Emirates contributed to this report.

Follow AP’s war coverage at https://apnews.com/hub/israel-hamas-war

FILE - Israeli soldiers drive near the northern Gaza Strip border in southern Israel, Tuesday, Jan. 28, 2025. (AP Photo/Ariel Schalit, File)

FILE - Israeli soldiers drive near the northern Gaza Strip border in southern Israel, Tuesday, Jan. 28, 2025. (AP Photo/Ariel Schalit, File)

FILE - Israeli soldiers wave to the camera from an APC as they cross from the Gaza Strip into Israel, Saturday, Jan. 18, 2025. (AP Photo/Tsafrir Abayov, File)

FILE - Israeli soldiers wave to the camera from an APC as they cross from the Gaza Strip into Israel, Saturday, Jan. 18, 2025. (AP Photo/Tsafrir Abayov, File)

Palestinians are seen near destroyed buildings by Israeli bombardments inside the northern Gaza Strip as seen from southern Israel, Sunday, Feb. 9, 2025. (Photo/Ohad Zwigenberg)

Palestinians are seen near destroyed buildings by Israeli bombardments inside the northern Gaza Strip as seen from southern Israel, Sunday, Feb. 9, 2025. (Photo/Ohad Zwigenberg)

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