APC 2010 Annual Report Download - page 63

SUSTAINABLE DEVELOPMENT
RESPECT FOR THE ENVIRONMENT ANDFOR ETHICS, MOTORS OF ECONOMIC PERFORMANCE
5 Rating
This section presents the evaluations of the leading sustainable
development ratings agencies and a number of ethical funds. The
results allow for comparison with an industry benchmark.
Objectives and Results
A priority objective was set in the Planet & Society Barometer for
the duration of the 2009-2011 One program: ensure Schneider
Electric’s presence in the four main (Socially Responsible Investment)
SRI indexes.
At year-end 2010, Schneider Electric was included in two of the
leading ethical investment indexes, compared with three in 2009.
In fact, the Group was confi rmed in the DJSI Stoxx index (Europe)
and the ASPI Eurozone, but removed from the DJSI World index
for the first time. There are several reasons for the delisting of
Schneider Electric. Firstly, this year, the Swiss rating agency SAM,
whose questionnaire serves as a reference for establishing the DJSI
indexes, expanded certain issues and introduced new challenges
for which Schneider Electric provided responses that were judged to
be too vague. Our responses were insuffi cient, in particular in terms
of consumption and water discharge from our sites, the production
of hazardous waste, and indicators for monitoring the wellbeing of
our employees. Secondly, the DJSI indexes are increasingly more
attractive. The company participation rate has increased by 20% in
two years, while the index still includes the same number of values.
This shows that more and more companies are prioritising their
selection on ethical investment indexes. We have one year to ensure
that we are re-listed on the DJSI World index before the end of
the current company program (2009-2011). An action plan is being
studied to ensure that this is achieved.
Presentation of Ethical Investment Indexes
ASPI Eurozone Index
The ASPI Eurozone (Advanced Sustainable Performance Indices)
listing tracks the fi nancial performance of 120 leading euro zone
sustainability performers from the DJ Euro Stoxx benchmark fi nancial
universe. Schneider Electric has been included since 2001. Vigeo
ratings are used to select the listed stocks, in keeping with ASPI
Eurozone guidelines.
www.vigeo.com
Dow Jones Sustainability Indexes
Schneider Electric is part of the 2010 Dow Jones Sustainability
Index and Stoxx (European index). This family of indexes bases its
decisions on research provided by Sustainable Asset Management
(SAM), an independent asset manager headquartered in Switzerland.
www.sustainability-index.com
Ethibel Sustainability Indexes
In 2010, Schneider Electric belongs to the following indexes: Ethibel
Sustainability Index (ESI) Excellence Europe and Ethibel Sustainability
Index (ESI) Excellence Global.
www.ethibel.com
FTSE4Good Indexes
Schneider Electric aims to be included in the FTSE4Good, the fourth
leading family of ethical investment indexes. However, the Group
does not fulfi ll the criteria for inclusion in the index and therefore
is currently excluded for the following reasons: Schneider Electric
is involved in the business of selling products to the military sector
and some of these products are included in nuclear arms systems.
www.ftse.com
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 61
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