Ethics overview | Schneider

Ravi, we’ll make sure the companies we work with do the right thing, too.

Our ethics focus

Increasing demands and expectations from stakeholders for more integrity and transparency is putting pressure on companies. At the same time, governments and legislators are imposing new laws to better regulate business activities. In recent years, this development has been particularly evident concerning respect for human rights and prevention of corruption.

At Schneider Electric, prioritizing human rights and anti-corruption is critical to our work environment. That's why we go beyond regulatory compliance to conduct business ethically, sustainably, and responsibly. These guiding principles are at the heart of our corporate governance.

Thus, we are taking actions to create fair and ethical business practices not just for ourselves, but also for our suppliers, and are proud to have been named one of the World’s Most Ethical Companies^® by the Ethisphere^® Institute in 2018 for the eighth consecutive year. Learn how else we’re progressing toward the Ethics goals we’ve made through 2020.

In response to growing pressure from regulators, investors, and clients, ethics is entering a new phase. Beyond commitments, what’s at stake is consistency between the talk and the walk to amplify trust across vast ecosystems of stakeholders, from employees to business partners and consumers. It's no easy task for globalized operations combining merging and complex value chains that are experiencing deep digital transformations.

Farid Baddache

Managing Director, BSR

Ethics by the numbers

8
consecutive years ranked in
the World’s Most Ethical
Companies^® by the
Ethisphere^® institute
30
languages our Principles of Responsibility has been translated into
300
suppliers who will receive
on-site human rights
evaluations by 2020
68%
employees in sales, procurement,
and finance trained
in anti-corruption
in 2018

Our Ethics action

The 2018 – 2020 Schneider Sustainability Impact (SSI) includes our Ethics commitments, which ensure that we are keeping honest and humane business practices at the core of our supply chain. By 2020, we commit to ...

5.5 pt

/100 increase in average score of ISO 26000 assessment for our strategic suppliers

350

suppliers under Human Rights & Environment vigilance receive specific on-site assessment

100%

of sales, procurement, and finance employees train every year on anti-corruption

LEARN MORE

Schneider Sustainability Report 2018 – 2019