Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  
Schneider Electric named among 100 of the World's Most Ethical Companies by the Ethisphere® Institute for the 9th consecutive year
 
  • Schneider Electric is recognized for the ninth consecutive year for putting values and ethics at the heart of its strategy 
  • The ranking recognizes Schneider Electric’s long-term commitment to business ethics at all levels
  • Schneider Electric will expand its ethics charter with a chapter on digital responsibility, making it a leader in this area  
Dubai, UAE, April 21, 2019:  Schneider Electric, the leader in digital transformation of energy management and automation, has been recognized as one of the World’s Most Ethical Companies by the Ethisphere® Institute, a global leader in defining and advancing ethical business standards. It is the ninth year that Schneider Electric has received this accolade, proving the group’s long-term commitment to ethical business in all respects.
 
Schneider Electric’s long-term commitment to corporate responsibility  
 
Schneider Electric introduced its “Principles of Responsibility” code of conduct in 2002, and in 2008, it launched its “Responsibility & Ethical Dynamics” program to promote employee engagement. Combining prevention and advice with investigation and control, the program serves as an indicator of ethical performance in the Schneider Sustainability Impact (SSI) tool for measuring sustainability performance. By the end of 2018, 155 Schneider Electric suppliers were evaluated under the SSI’s “Human Rights and Environment” category, following on-site visits. The company aims to evaluate 300 suppliers by 2020. As a further example of the program in action, 68% of employees in sales, buying and finance received training in combating corruption, with the objective of training 100% of the workforce by 2020.  
 
Schneider Electric, pioneer in digital ethics
 
Beyond the Schneider Sustainability Impact, Schneider Electric has deployed a number of other initiatives. In June 2018, the Green Line alert system was deployed for all external stakeholders - suppliers, sub-contractors, clients and resellers – who might be faced by, or witness, non-ethical behavior that could implicate or affect Schneider Electric, allowing them a simple way of flagging such situations on-line. The Green Line alert system is a mirror of Schneider Electric’s internal “Red Line”. Also, in 2018, the “Business Integrity Campaign” was launched to all Schneider Electric’s 142,000 employees worldwide. An anti-bullying campaign was launched at the same time. In 2019, Schneider Electric’s Ethics Charter will be updated. A chapter on “Digital Ethics” will be added, outlining the ethical rules governing data protection, including, for example, the ethical use of data in artificial intelligence projects.
 
“At Schneider Electric we accept no compromise when it comes to ethics, and this goes well beyond simple compliance with regulatory or legal requirements. By doing so we become more sustainable and more responsible,” said Emmanuel Babeau, Deputy Chief Executive Officer in charge of Finance and Legal Affairs, and Head of Schneider Electric’s Ethics Committee. “Being recognized by Ethisphere for the ninth year in a row on their list of the world’s 100 most ethical companies will make us redouble our efforts. It motivates us, year after year, to adopt exemplary ethical behavior at all levels of the organization and throughout our ecosystem. Our “Principles of Responsibility” code of conduct will be updated in the first half of 2019, raising the ethical bar even further, and will be accompanied by a wide-ranging training program for all employees.”    
 
Created in 2006, the annual World’s Most Ethical Company® list honors companies that have demonstrated exemplary ethical leadership in their industries, raising the standard of corporate behavior as both the right thing to do, and as an effective long-term strategy. Five key areas are assessed: ethics and compliance, corporate citizenship and responsibility, culture of ethics, governance and leadership, and innovation and reputation.


Posted by : Dubai PR Network Editorial Team
Viewed 6777 times
PR Category : Energy and Industry
Posted on : Sunday, April 21, 2019  4:27:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : In 2019 first quarter, the amplified Schneider Sustainabilit...
Next Story : BP and Schneider Electric Sign Five-Year, Global Frame Agree...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [6999-Views]
Olay Eyes Hydra Gel [5826-Views]
Maillon De Cartier Watch [4317-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [4264-Views]
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more than ever, S... [4260-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [4260-Views]
Eid Gifts From The Body Shop [4170-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Envi... [3993-Views]
Happy Eid with Parmigiani Fleurier Toric Fleur [3801-Views]
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign [3735-Views]
Your at-Home Spa Guide With Skin Republic [3719-Views]
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advanced Image ... [3428-Views]
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the Community [3341-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [2972-Views]
Dubai Customs: Strategic Plan to Curb Corona [2899-Views]
Etihad Guest Rewards Members While Staying Home [2698-Views]
Denim Culture [2644-Views]
Etihad Holidays to Be Operated by Dnata Travel Group In the UK [2456-Views]
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis [2427-Views]
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre [2374-Views]
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate [2341-Views]
Lenovo's Tech Gift Guide [2321-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2247-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [2177-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game [2157-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories