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2 SUSTAINABLE DEVELOPMENT GREEN AND RESPONSIBLE GROWTH DRIVING ECONOMIC PERFORMANCE 52 > 2. Green and responsible growth driving economic performance This chapter covers two subjects: • Products and solutions for fighting climate change: energy effi ciency, renewable energies, electric vehicles, smart grid, product end-of-life recovery services , etc. • Business ethics: Group responsibility principles, fi ght against corruption, relations with suppliers and subcontractors. 2.1 Overview Context and aims Climate change is one of the main challenges of the 21st century. Schneider Electric works for sectors that account for the majority of global energy consumption. Energy consumption is not always optimised, which makes it one of the largest sources of CO2 emissions. As a global specialist in energy management, Schneider Electric’s products and solutions help reduce energy use and CO emissions. 2 The Group is therefore developing energy effi ciency solutions to reduce energy bills by up to 30% for every type of building. The Group’s solutions also target other areas related to intelligent electricity networks (Smart Grids): generation and connection to the renewable energies grid; electric vehicles; and demand-response. REGISTRATION DOCUMENT 2011 SCHNEIDER ELECTRIC Corporate governance is discussed in chapter 3 “Corporate Governance” page 107 : working of the Supervisory Board, Management Board, Internal Control & Audit, shareholders’ rights, remuneration of members of the Supervisory Board, Management Board and Executive Committee. Moreover, the Group’s products and solutions are sold worldwide, either directly to end customers or through networks of partners, therefore without any control over their fi nal destination and endof-life processing. To limit the impact of its end-of-life products, Schneider Electric has established a system to recover equipment containing SF , a powerful greenhouse gas. 6 The Group works in more than 100 countries, with uniform practices, standards and values. Schneider Electric is also committed to act responsibly towards all of its stakeholders. Therefore, the Company has defi ned its Principles of Responsibility that apply to the whole Group and are based on dedicated organisation and processes. Schneider Electric has also been involved in the United Nations Global Compact since 2002, which it wishes to encourage a larger number of its suppliers to sign. Four key performance indicators were set in Schneider Electric’s Planet & Society Barometer over the duration of the One program (2009- 2011): Objectives for Year-End-2011 2011 2010 2009 2008 1. Exceeding the Group’s growth by 7 points per year with our energy effi ciency activities 14.2 ▲ 8.3 5.3 NM 2. Implement a recovery process for SF gas 6 in 10 countries 3. Make 60% of our purchases from suppliers who 8 3 3 0 support the Global Compact 4. Ensure that 4 major ethical stock indices select 50.4% ▲ 42% 33% 30% Schneider Electric NM = Indicator not monitored 3 ▲ 2 3 3 The 2008 performance serves as a starting value for the Planet & Society Barometer of the One program between 2009 and 2011. ▲ 2011 Audited Indicators Please refer to pages 90 to 92 for the methodological presentation of indicators and the following pages for the analysis of the results (pages 53-54 for indicator 1, 55-56 for indicator 2, 56-57 for indicator 3, 51 for indicator 4 ).
Highlights of 2011 • Indexation of the performance incentives for the Executive Committee members to one of more components of the Planet & Society Barometer, chosen according to their fi eld. • Above-target performance in energy effi ciency activities, refl ecting the Group’s commitment to this area in its different markets. • Reaching the target for the SF 6 gas recovery system as a result of restructuring the offer in place in various countries. 2011 Total Revenue ¤22,387 million Banl, Loans & Cash ¤1,216 million Investments & Development ¤732 million Employees & wages ¤5,493 million Non-governmental Organisations & Donations ¤12.4 million Share Issues & Sale of Treasury Stock ¤215 * million SUSTAINABLE DEVELOPMENT GREEN AND RESPONSIBLE GROWTH DRIVING ECONOMIC PERFORMANCE Government & Taxes ¤562 million * ¤178 million comes from the employee shareholding plan and ¤37 million from long-term incentives exercised? No sales of treasury stock were made in 2011. Purchases & others • Return of Schneider Electric to the DJSI World (Dow Jones Sustainability Index). Revenue breakdown Every year for the last 6 years, Schneider Electric has published a diagram showing its revenue distribution for its various stakeholders. This exercise allows the importance of each stakeholder to be highlighted from the point of view of fi nancial fl ows and shows their share in this fl ow. Net interest Expenses to Bank ¤301 million ¤13,440 million Net Financial Investments ¤2,873 million Dividends Paid to Shareholders Debt Repayment Operatin Cash Flow After Dividend Payment ¤925 ¤1,654 million ¤500 million million Operating costs Cash flow after operating expenses Cash flows from external sources 2.2 Smart energy management products and solutions to help the fight against climate change Our planet is facing an unprecedented energy challenge. By 2035, energy needs could have increased by 30% to accompany global demographic, economic, industrial and urban development. At the same time, carbon gas emissions could increase by 20% - although experts agree that to prevent dramatic consequences due to climate change emissions should be halved. Contributing to resolving this challenge lies at the heart of Schneider Electric’s development strategy. The expectations of the Group’s customers are also moving in that direction. They want to reduce energy costs and reduce their environmental impact by constantly improving reliability, safety and performance of sites and equipment. Schneider Electric presents an innovative and competitive portfolio of products, systems, services and software in order to assist customers further in optimising their energy management. REGISTRATION DOCUMENT 2011 SCHNEIDER ELECTRIC 53 2
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Schneider Electric SA Headquarters:
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