Schneider Electric Named to Change the World List

Schneider Electric has been included in Fortune's 2023 Change the World list for the fourth time as part of its global sustainability initiatives. Fortune's Change the World list annually honors the world's best companies that position sustainability as an integral part of their core business strategies and operations, and that create positive social or environmental impact through their activities. Fortune evaluates candidates based on measurable social impact, business results, and degree of innovation. In this year's assessment, Fortune highlighted Schneider Home, an energy management system that represents an industry first in making homes more integrated and efficient. The system brings together a smart electrical panel, home battery, solar inverter, electric vehicle charger, and grid-connected electrical fixtures. Unlike existing solutions that require separate applications and dispersed hardware, Schneider Home brings everything under the control of a single application. Fortune recognized the benefits this solution provides to people and the planet by helping homeowners better manage their energy consumption, reduce utility costs, and live more sustainably, counting it among this year's significant achievements. Schneider Electric's business partnership with KB Home, one of the largest home builders in the United States, provides a significant example of Schneider Home solutions being deployed at larger scale. Through the partnership announced by Fortune, an innovative, energy-efficient and resilient new residential project is being developed in Menifee, California. This development, among the company's significant global achievements, reflects Schneider Electric's strong commitment within its sustainability vision to help companies, sectors, commercial and residential buildings, and entire economies become more energy efficient and resilient, and to deliver innovative products and services that are transforming the lives of people around the world. Companies evaluated for Fortune's Change the World list have a sustainability vision that makes a difference for the world and annual revenues of USD 1 billion or more. The list, which aims to include new companies that have impacted the global sustainability vision each year, evaluates hundreds of companies. The final list is compiled by Fortune editors based on the magazine's own reporting and analysis. Source