Statistics Law strengthens data confidentiality and prevents its misuse    Saudi Arabia offers condolences to Pakistan over the flood victims    Riyadh Mayoralty shuts 84 erring establishments    Nearly 22,000 violators of residency, border security and labor laws arrested in a week    CMA prohibits foreign investors from owning over 49% of shares of any entity    Zelenskyy to meet Trump in Washington after Alaska summit    Macron urges lasting peace in Ukraine backed by strong security guarantees    Syrian teams contain 80% of wildfires in northern Latakia, officials say    Al Nassr sign Kingsley Coman from Bayern Munich in €30m deal    Data centers to be expanded across UK as concerns mount    31 Arab, Islamic nations condemn Netanyahu's 'Greater Israel' remarks and settlement expansion    Saudi Arabia approves digital ID use for non-resident foreigners to own property    Des Buckingham takes charge of Al Kholood ahead of new RSL season    Music Commission to present 'Marvels of Saudi Orchestra' at Palace of Versailles on September 5    AI designs antibiotics for gonorrhoea and MRSA superbugs    HONOR introduces HONOR Magic V5 foldable at a premium regional event in Dubai    Universal Inspection Co. Ltd. (UIC): Transforming industrial excellence with world-class precision    Al Nassr arrive in Hong Kong targeting Saudi Super Cup glory    Saudi referee Reem Al-Bishi selected for FIFA Women's Futsal World Cup in Philippines    Baby Shark did not plagiarize, South Korea's top court rules    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Schneider among 100 of World's Most Ethical Companies
Published in The Saudi Gazette on 21 - 04 - 2019

Schneider Electric, the leader in digital transformation of energy management and automation, has been recognized as one of the World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing ethical business standards. It is the ninth year that Schneider Electric has received this accolade, proving the group's long-term commitment to ethical business in all respects.
Schneider Electric introduced its "Principles of Responsibility" code of conduct in 2002, and in 2008, it launched its "Responsibility & Ethical Dynamics" program to promote employee engagement. Combining prevention and advice with investigation and control, the program serves as an indicator of ethical performance in the Schneider Sustainability Impact (SSI) tool for measuring sustainability performance. By the end of 2018, 155 Schneider Electric suppliers were evaluated under the SSI's "Human Rights and Environment" category, following on-site visits. The company aims to evaluate 300 suppliers by 2020. As a further example of the program in action, 68% of employees in sales, buying and finance received training in combating corruption, with the objective of training 100% of the workforce by 2020.
Schneider Electric has deployed a number of other initiatives. In June 2018, the Green Line alert system was deployed for all external stakeholders - suppliers, sub-contractors, clients and resellers – who might be faced by, or witness, non-ethical behavior that could implicate or affect Schneider Electric, allowing them a simple way of flagging such situations on-line.
The Green Line alert system is a mirror of Schneider Electric's internal "Red Line". Also, in 2018, the "Business Integrity Campaign" was launched to all Schneider Electric's 142,000 employees worldwide. An anti-bullying campaign was launched at the same time. In 2019, Schneider Electric's Ethics Charter will be updated. A chapter on "Digital Ethics" will be added, outlining the ethical rules governing data protection, including, for example, the ethical use of data in artificial intelligence projects.
"At Schneider Electric we accept no compromise when it comes to ethics, and this goes well beyond simple compliance with regulatory or legal requirements. By doing so we become more sustainable and more responsible," said Emmanuel Babeau, Deputy Chief Executive Officer in charge of Finance and Legal Affairs, and Head of Schneider Electric's Ethics Committee. "Being recognized by Ethisphere for the ninth year in a row on their list of the world's 100 most ethical companies will make us redouble our efforts. It motivates us, year after year, to adopt exemplary ethical behavior at all levels of the organization and throughout our ecosystem. Our "Principles of Responsibility" code of conduct will be updated in the first half of 2019, raising the ethical bar even further, and will be accompanied by a wide-ranging training program for all employees."
Created in 2006, the annual World's Most Ethical Company list honors companies that have demonstrated exemplary ethical leadership in their industries, raising the standard of corporate behavior as both the right thing to do, and as an effective long-term strategy. Five key areas are assessed: ethics and compliance, corporate citizenship and responsibility, culture of ethics, governance and leadership, and innovation and reputation. — SG


Clic here to read the story from its source.