Schneider Ranks 1st in Sector for Gender Equality

Schneider Ranks 1st in Sector for Gender Equality

RUEIL-MALMAISON, France — Schneider Electric ranked 31st in Equileap’s 2019 Gender Equality Ranking and first in the industrial sector.

Promoting transparency on gender equality in the workplace

Equileap’s ranking of the leading 100 companies aims to promote transparency on gender equality in the workplace. To build this ranking, Equileap investigates over 3,000 companies with at least USD 2 billion in market value, across multiple sectors and countries. The methodology is inspired by the United Nations’ Women’s Empowerment Principles, which Schneider Electric is fully committed to with its CEO and 100% of its country presidents signing the Principles. Equileap looks at 19 non-financial criteria that impact gender equality, such as gender balance across the workforce, pay equity, paid family leave and policies against sexual harassment and discrimination in the workplace.

Schneider Electric’s high ranking reflects its diverse and inclusive culture

“We are honored to be recognized again this year by Equileap. It has been a journey where fifteen years ago, only five percent of the top 1,000 leaders were women. Today, we have 22% in our top leadership with an ambition to reach 30% by 2020. We have made significant progress but we continue to take actions to empower women, not only in our company but in society at large,” stated  Jean Pascal Tricoire, Chairman and CEO of Schneider Electric.

Schneider Electric’s success directly reflects its commitment to gender equality. Gender pay equity and family leave are among the key indicators included in the Schneider Sustainability Impact, the Group’s transformation plan and steering tool for sustainability. Schneider Electric also continues its partnership with the UN Women HeForShe movement as one of the 30 “IMPACT 10x10x10 Champions” spearheading the move to make gender equality an institutional priority. Ahead of the 2020 deadline, the Group has already achieved two of its three HeForShe commitments.

Schneider Electric is committed to making the business case for gender equality with its customers and stakeholders. At the company’s upcoming Innovation Summit in Barcelona, on October 2nd, Tina Mylon, senior vice president for Talent & Diversity, will be hosting an event on “Engaging Men and Women for Sustainable Inclusion”, where panelists will discuss the link between gender equality, performance, and innovation.

Mylon stated: “At Schneider, we strive for a more inclusive and equitable world where all diversities can thrive. Balancing women and men increases teamwork performance and efficiency. Especially in our industry, where constant innovation is a must, we want the best teams working for us – and that means women and men working together.”

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