Schneider Electric Ranked in the Top 15 Companies in the World for Gender Equality, According to Equileap

Oct 9, 2018 10:15 AM ET
Press Release

October 9, 2018 /3BL Media/ - Each year non-profit organization Equileap ranks global companies for their progress towards gender equality. In Equileap’s 2018 index, Schneider Electric, the leader in digital transformation of energy management and automation, secured the 15th rank overall and 1st in the “Industrial Sector”.

Equileap’s annual index of the leading 200 companies in terms of gender equality is designed to help investors base their decisions on non-financial criteria. To build this ranking, Equileap investigates 3,000 companies, across multiple sectors, which have a market value of more than 2 billion US dollars. The methodology, inspired by the United Nations’ Women’s Empowerment Principles[1], looks at 19 non-financial criteria that impact gender-equality, such as pay parity, opportunities for career advancement, gender equality at subcontractors, family leave policies, and programs against sexual harassment and discrimination in the workplace.  

Schneider Electric’s success directly reflects its commitment to gender equality, and the concrete steps the Group has taken in this direction. For example, gender pay equity and family leave are among the key indicators included in Schneider Sustainability Impact, the Group’s transformation plan and steering tool for sustainability. In the last four years, Schneider Electric has continued its partnership with the HeForShe movement as an “IMPACT 10x10x10 Champion”, one of 30 key decision-makers from governments, corporations and universities spearheading the move to make gender equality an institutional priority. The Group has already achieved two of the three principal engagements: to establish a worldwide pay equity process which covers 89% of our global workforce at end of 2017, and to create a Global Diversity & Inclusion board, an executive-level group of leaders to champion diversity & inclusion topics, including gender equality, across Schneider Electric.

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Click here to learn more about the release: https://www.schneider-electric.com/ww/en/documents/Press/2018/10/20181009_PR_G_Equileap2018_EN-tcm50-423652.pdf  

[1]The "Women's Empowerment Principles" joint initiative of UN Women and the United Nations Global Compact sets out seven principles for empowering women in business, the market and society.