Schneider Electric Sustainability Impact program makes strides in Q1 2024

Updated 5/22/2024 1:52:00 AM

Arab Finance: Schneider Electric has posted results of its Schneider Sustainability Impact (SSI) program for the first quarter (Q1) of 2024, along with financial results, an emailed press release showed.

This transformative program boosts the company’s progress toward global sustainability 2021–2025 targets. It contributes to six long-term commitments that cover all environmental, social, and governance (ESG) dimensions.

The company has also maintained the robust financial results reported last year, with Q1 2024 seeing progress in sustainable packaging and supply chain programs, as well as on the inclusion front with progress on access to energy and training in energy management.

Schneider Electric’s SSI score in Q1 2024 hit 6.43 out of 10, and it is on track to reach the year-end target of 7.40 out of 10.

This marks a promising start to the year that coincides with the launch of Schneider Electric’s refreshed employee value proposition, “IMPACT starts with us”, and the rollout of new solutions for energy efficiency, automation and decarbonization at its flagship Paris Innovation Summit.

“At Schneider Electric, delivering social and environmental progress is galvanizing. Impact keeps us moving and looking forward”, Xavier Denoly, Senior Vice President of Sustainability Development at Schneider Electric, commented.

“This is why we are constantly in motion, raising the bar with more concrete initiatives, meaningful innovation and ecosystem-wide collaboration — all the while remaining focused on delivering on our ESG action plan,” he added.