Connect - Schneider Electric

Connect - Schneider Electric Connect - Schneider Electric

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2011 IN BRIEF Energy efficiency On March 24, 2011, Schneider Electric announced the signature of an agreement to acquire Summit Energy Services Inc., an American company leader in outsourced energy procurement and sustainability services to industrial, commercial and institutional enterprises. It is employing more than 350 individuals based in 11 international offi ces across North America and Europe and serves client facilities in more than 90 countries. Summit Energy is a fast-growing business, expected to generate sales of approximately USD65 million for the current year. The acquisition of Summit Energy allows Schneider Electric to broaden its energy management services and solution portfolio, offering customers the ability to manage and optimize their energy consumption from the supply side through the demand side, while also growing Schneider Electric’s energy and environmental online reporting capabilities. Venture capital On February 23, 2011, Aster Capital announced Rhodia’s acquisition of an interest in Aster II, the venture capital fund targeting innovative technology start-ups. This fund, specifi cally focused on energy, advanced materials and environment sectors, should eventually raise EUR120 to 150 million. Joining forces in this novel multi-corporate venture capital fund, the three sponsors – Alstom, Rhodia and Schneider Electric – will actively promote the development of young and innovative companies. By fostering cooperation and partnerships, it will guarantee the relevance of technologies and markets assessed to investors. Companies in the fund’s portfolio will also have access to the global network of each of the three partners. Innovation, partnerships and major contracts On March 15, 2011, Schneider Electric and the City of Rueil- Malmaison signed the fi rst agreement to trial an energy effi ciency programme in France. The fi rst of its kind involving a municipality, the energy effi ciency programme will initially be trialled at the city library and the Claude Monet middle school in Rueil- Malmaison. Over eight years, the programme is expected to reduce energy use at the sites concerned by 20%, thereby trimming the city’s energy bill and shrinking its environmental footprint. On April 19, 2011, Schneider Electric is awarded a turnkey contract to supply the electrical installation for the future Queensland Curtis liquefi ed natural gas LNG Project being built by US-based construction contractor Bechtel. On April 27, 2011, Schneider Electric announced a project with North Carolina State University (USA) to improve energy effi ciency and drive sustainable, clean energy projects in 1.6 million square feet of building space across 13 campus facilities. As part of a USD20 million performance contracting project, the university will implement facility improvements, equipment upgrades and energy- effi cient techniques to impact energy use, operations, reliability and comfort. On May 17, 2011, Schneider Electric, in association with Derceto, Echologics (a division of Mueller Water), i2O Water, TaKaDu and Telvent, announced the creation of Smart Water Networks (SWAN), a global industrial alliance formed to promote the development and adoption of data-driven systems for better water network management and operation. 12 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC Bond issues and sale of treasury stock On June 30, 2011, Schneider Electric refi nanced part of its debt and just closed a USD300 million private placement (approx. EUR210 million). This transaction made under the Schneider Electric EMTN programme has a fl oating coupon (3-month LIBOR + 0.49%) and matures in July 2014. On July 1st, 2011, Schneider Electric launched a EUR750 million EMTN (Euro Medium Term Note) issue maturing in July 2018. The coupon rate for this bond is 3.75 percent. On September 15, 2011, Schneider Electric launched a EUR500 million EMTN (Euro Medium Term Note) issue maturing in January 2019. The coupon rate for this bond is 3.50 percent. Division of the nominal values of the shares At the Annual Shareholders’ Meeting held on April 21, 2011, Schneider Electric shareholders approved the division of the nominal value of the shares by two. The Management Board decided that the share par value split takes effect on September 2, 2011. The operation makes the shares more accessible particularly to individual shareholders and also improves the share liquidity. Effective on September 2, 2011, instead of every EUR8 nominal value share held on that date, shareholders receive two shares of EUR4 nominal value. The division of the nominal value of the share does not have an impact on the tax situation or the rights of the shareholders. It is carried out at no expense or formalities for them. On May 31, 2011, The City of Issy-les-Moulineaux, Schneider Electric, Alstom, Bouygues Immobilier, Bouygues Telecom, ERDF, ETDE, Microsoft, Steria and Total created IssyGrid®. This fi rst district smart grid in France will be built in the Seine Ouest business district in Issy-les-Moulineaux with the goal of enabling energy optimization at the neighborhood level. On June 15, 2011, Soitec and Schneider Electric announced that they have signed a memorandum of understanding with Masen (Moroccan Agency for Solar Energy) on an integrated partnership on CPV technology. The memorandum of understanding between Soitec, Schneider Electric and Masen is part of the Moroccan Solar Plan. It is supported jointly by the Moroccan and French governments. It has four key components: Research & Development; Industrial integration; Training; Pilot projects. On June 15, 2011, in a world fi rst, Schneider Electric’s head offi ce (known has the Hive) has been certifi ed as complying with the new ISO 50001 standard for energy management systems. Schneider Electric is pursuing its commitment to continuously improving the energy effi ciency of its buildings, reducing their environmental footprint and enhancing user comfort. On July 13, 2011, Schneider Electric announced that it has teamed with Cisco to provide an innovative comprehensive energy management solution that monitors and manages energy consumption across all building domains. With this combined solution, building owners and managers, architects, contractors,

and IT managers will now be able to optimize energy effi ciencies and business operations to save energy. On October 5, 2011, Schneider Electric became the fi rst manufacturer worldwide to obtain ZE Ready certifi cation from Renault for its EVlink electric vehicle charging infrastructure range. ZE Ready is a comprehensive compatibility testing protocol designed to guarantee that internationally accepted standards will Governance On July 28, 2011, the Supervisory Board recorded the resignation of Mr Anand Mahindra from his offi ce as a member of the Supervisory Board, due to potential confl icts of interest between Schneider Electric and the MAHINDRA & MAHINDRA group liable to arise due to the two groups developing their distribution business in India. The Supervisory Board, which met on December 15th, 2011, has decided to co-opt Mr Xavier Fontanet as a member of the Supervisory Board. Xavier Fontanet, 63 years old and of French nationality, is Chairman of the Board of Essilor International. Employees On March 31, 2011, Schneider Electric announced the launch of a capital increase reserved for employees under the Group employee savings plan (plan d’épargne salariale). This offering, which is in line with the Group’s policy to develop employee shareholding, is proposed to Group employees in fourteen countries, including Corporate Social Responsibility On February 11, 2011, Schneider Electric announced the launch of Go Green in the City, a new type of creative case competition involving students of eight countries across the world. Finals of the challenge were held in Paris on June 23-24, 2011. More than 500 teams representing 1000 candidates from eight countries participated in this challenge. On May 6, 2011, the City of Rueil-Malmaison west of Paris decided to take part in the “100 chances – 100 emploi s ” campaign proposed by Schneider Electric and Saint-Gobain. The “100 chances – 100 emploi s ” programme created by Schneider Electric is designed to meet a community’s economic needs while helping to restore equal opportunity for young people age 18-30 who come from disadvantaged neighborhoods. It offers individualized solutions to ease the way into long-term employment for young people with few or no credentials, as well as for young graduates who are victims of discrimination. Targeted exclusively to young people from diffi cult neighborhoods, the programme federates and engages local stakeholders. On July 1st, 2011, one year after the start of Haiti’s rebuilding effort agreement, the Schneider Electric Foundation celebrates the inauguration two professional training workshops dedicated to building industry skills. 2011 IN BRIEF be implemented consistently among electric vehicles and charging infrastructure. On November 8 , 2011, Schneider Electric presented Villasol, a solution for village electrifi cation. The Villasol solution is a solar- powered micro off-grid facility for decentralised rural electrifi cation. This standardised solution consists in photovoltaic panels, a battery bank and a battery charging station that enable a communal recharge system. On July 1st, 2011, Mrs Annette Clayton is appointed as Executive Vice President of Global Supply Chain and Member of the Executive Committee of Schneider Electric. Annette Clayton comes from Dell, where she was Vice President of Global Operations and Supply Chain. Annette Clayton is American, and has an impressive career in supply chain, which she developed initially in General Motors. France. This plan covers around 80% of the employees of the Group. This offering reinforces the link between the Group and its employees by giving them the opportunity to be more involved in the developments and future performance of the Group. On July 4, 2011, Danone, Crédit Agricole, Schneider Electric and CDC Climat announced the creation of L ivelihoods, an innovative carbon-offset fund serving rural communities. Livelihoods is a unique new investment fund that gives fund partners access to carbon credits with “strong social impact.” It does this by seeking the best balance between value generated for local communities and the value of carbon credits returned to investors. On July 26, 2011, Schneider Electric announced that it is expanding its sponsorship of the Solar Decathlon through at least 2013, including Solar Decathlon US in September 2011, Solar Decathlon Europe in 2012 and Solar Decathlon China in 2013. Created in 2002 by the U.S. Department of Energy (DoE), the Solar Decathlon competition challenges students from leading universities worldwide to design, build and operate energy-effi cient solar-powered houses. On December 7, 2011, Schneider Electric triumphed at Gigaton Awards ceremony during UN climate change talks in Durban, South Africa. The 2011 Gigaton Awards were powered by Carbon War Room, The Carbon Disclosure Project and Greenstar; presented by The Gigaton Throwdown, The World Climate Summit and Greenbiz. The Gigaton Awards are designed to inspire and challenge businesses to run their business in the most carbon effi cient way possible. 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 13

and IT managers will now be able to optimize energy effi ciencies<br />

and business operations to save energy.<br />

On October 5, 2011, <strong>Schneider</strong> <strong>Electric</strong> became the fi rst<br />

manufacturer worldwide to obtain ZE Ready certifi cation from<br />

Renault for its EVlink electric vehicle charging infrastructure range.<br />

ZE Ready is a comprehensive compatibility testing protocol<br />

designed to guarantee that internationally accepted standards will<br />

Governance<br />

On July 28, 2011, the Supervisory Board recorded the resignation of<br />

Mr Anand Mahindra from his offi ce as a member of the Supervisory<br />

Board, due to potential confl icts of interest between <strong>Schneider</strong><br />

<strong>Electric</strong> and the MAHINDRA & MAHINDRA group liable to arise due<br />

to the two groups developing their distribution business in India.<br />

The Supervisory Board, which met on December 15th, 2011,<br />

has decided to co-opt Mr Xavier Fontanet as a member of the<br />

Supervisory Board. Xavier Fontanet, 63 years old and of French<br />

nationality, is Chairman of the Board of Essilor International.<br />

Employees<br />

On March 31, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the launch of a<br />

capital increase reserved for employees under the Group employee<br />

savings plan (plan d’épargne salariale). This offering, which is in<br />

line with the Group’s policy to develop employee shareholding,<br />

is proposed to Group employees in fourteen countries, including<br />

Corporate Social Responsibility<br />

On February 11, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the launch<br />

of Go Green in the City, a new type of creative case competition<br />

involving students of eight countries across the world. Finals of<br />

the challenge were held in Paris on June 23-24, 2011. More than<br />

500 teams representing 1000 candidates from eight countries<br />

participated in this challenge.<br />

On May 6, 2011, the City of Rueil-Malmaison west of Paris decided<br />

to take part in the “100 chances – 100 emploi s ” campaign proposed<br />

by <strong>Schneider</strong> <strong>Electric</strong> and Saint-Gobain. The “100 chances – 100<br />

emploi s ” programme created by <strong>Schneider</strong> <strong>Electric</strong> is designed<br />

to meet a community’s economic needs while helping to restore<br />

equal opportunity for young people age 18-30 who come from<br />

disadvantaged neighborhoods. It offers individualized solutions to<br />

ease the way into long-term employment for young people with few<br />

or no credentials, as well as for young graduates who are victims<br />

of discrimination. Targeted exclusively to young people from diffi cult<br />

neighborhoods, the programme federates and engages local<br />

stakeholders.<br />

On July 1st, 2011, one year after the start of Haiti’s rebuilding<br />

effort agreement, the <strong>Schneider</strong> <strong>Electric</strong> Foundation celebrates<br />

the inauguration two professional training workshops dedicated to<br />

building industry skills.<br />

2011 IN BRIEF<br />

be implemented consistently among electric vehicles and charging<br />

infrastructure.<br />

On November 8 , 2011, <strong>Schneider</strong> <strong>Electric</strong> presented Villasol,<br />

a solution for village electrifi cation. The Villasol solution is a<br />

solar- powered micro off-grid facility for decentralised rural<br />

electrifi cation. This standardised solution consists in photovoltaic<br />

panels, a battery bank and a battery charging station that enable a<br />

communal recharge system.<br />

On July 1st, 2011, Mrs Annette Clayton is appointed as Executive<br />

Vice President of Global Supply Chain and Member of the Executive<br />

Committee of <strong>Schneider</strong> <strong>Electric</strong>. Annette Clayton comes from Dell,<br />

where she was Vice President of Global Operations and Supply<br />

Chain. Annette Clayton is American, and has an impressive career<br />

in supply chain, which she developed initially in General Motors.<br />

France. This plan covers around 80% of the employees of the<br />

Group. This offering reinforces the link between the Group and its<br />

employees by giving them the opportunity to be more involved in<br />

the developments and future performance of the Group.<br />

On July 4, 2011, Danone, Crédit Agricole, <strong>Schneider</strong> <strong>Electric</strong> and<br />

CDC Climat announced the creation of L ivelihoods, an innovative<br />

carbon-offset fund serving rural communities. Livelihoods is a<br />

unique new investment fund that gives fund partners access to<br />

carbon credits with “strong social impact.” It does this by seeking<br />

the best balance between value generated for local communities<br />

and the value of carbon credits returned to investors.<br />

On July 26, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced that it is expanding<br />

its sponsorship of the Solar Decathlon through at least 2013,<br />

including Solar Decathlon US in September 2011, Solar Decathlon<br />

Europe in 2012 and Solar Decathlon China in 2013. Created in<br />

2002 by the U.S. Department of Energy (DoE), the Solar Decathlon<br />

competition challenges students from leading universities worldwide<br />

to design, build and operate energy-effi cient solar-powered houses.<br />

On December 7, 2011, <strong>Schneider</strong> <strong>Electric</strong> triumphed at Gigaton<br />

Awards ceremony during UN climate change talks in Durban, South<br />

Africa. The 2011 Gigaton Awards were powered by Carbon War<br />

Room, The Carbon Disclosure Project and Greenstar; presented by<br />

The Gigaton Throwdown, The World Climate Summit and Greenbiz.<br />

The Gigaton Awards are designed to inspire and challenge<br />

businesses to run their business in the most carbon effi cient<br />

way possible.<br />

2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC<br />

13

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