TIME Magazine Ranks Schneider Electric Atop 500 Most Sustainable Companies List

June 26, 2024
Among the other microgrid infrastructure players lauded in TIME's 500 include Siemens, ABB and Eaton.

Microgrids and energy transition technology loom large in TIME magazine’s new “Most Sustainable Companies of 2024” list.

French-based microgrid and energy management firm Schneider Electric topped TIME’s 500 for corporate sustainability. Schneider Electric is a longtime Microgrid Knowledge contributor.

TIME highlighted the company’s global decarbonization approach both with customers and inside its own operations. The non-profit Carbon Disclosure Project has graded Schneider Electric with an “A” for 12 years running.

“It has its own sustainability impact program to track its performance, and has also reduced emissions across its supply chain,” the TIME Most Sustainable Companies article reported.

Schneider Electric scored 88.86 out of a possible 100 on the rankings compiled by TIME and research partner Statista. The company is working toward carbon neutral operationally by 2025.

"Our ranking reflects our commitment to sustainability and our pivotal role in driving #decarbonization for our customers," Aamir Paul, president of North America for Schneider Electric, wrote in a post on LinkedIn. "Let's keep working together to prove that we can both 'do good and be good.'"

Close behind Schneider Electric was a host of energy sector companies in construction, equipment, development and software. Engineering and manufacturing giant Siemens was ranked 11th, while project consultant Stantec was three spots behind at 14.

Italy’s global energy utility and renewable project developer Enel was ranked 36 by TIME and Statista. ABB, which produces energy management, sensoring, metering and EV charging infrastructure, was tabbed at 51.

Earlier this month, ABB announced it was contracted to supply synchronous condensers in the Canary and Balearic Islands to strengthen the self-contained grids as the islands take on more intermittent renewable energy assets. Many island grids are forced to generate electricity with diesel generators for backup or primary power, so they are working to decarbonize with increasing solar installations.

Also making the TIME Most Sustainable 500 Companies list at No. 54 is consulting firm Accenture, which recently held its International Utilities and Energy Conference stressing the potential of generative artificial intelligence to help decarbonize and streamline operations.

Hewlett Packard Enterprise, which is partnering with equipment firm Danfoss on data center energy efficiency and heat recovery projects, was ranked 56. Danfoss itself was 443.

Others making the TIME Most Sustainable Companies was EV infrastructure developer Prologis at 132, workplace automation firm Salesforce at 284, on-site power engine maker Wartsila at 315. Salesforce recently committed to a series of renewable virtual power purchase agreements and carbon removal. 

Microgrid and energy management firm Eaton was ranked at 355. Eaton is undertaking microgrid development in Puerto Rico and other parts of the world.

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About the Author

Rod Walton, Managing Editor | Managing Editor

For Microgrid Knowledge editorial inquiries, please contact Managing Editor Rod Walton at [email protected].

I’ve spent the last 15 years covering the energy industry as a newspaper and trade journalist. I was an energy writer and business editor at the Tulsa World before moving to business-to-business media at PennWell Publishing, which later became Clarion Events, where I covered the electric power industry. I joined Endeavor Business Media in November 2021 to help launch EnergyTech, one of the company’s newest media brands. I joined Microgrid Knowledge in July 2023. 

I earned my Bachelors degree in journalism from the University of Oklahoma. My career stops include the Moore American, Bartlesville Examiner-Enterprise, Wagoner Tribune and Tulsa World, all in Oklahoma . I have been married to Laura for the past 33-plus years and we have four children and one adorable granddaughter. We want the energy transition to make their lives better in the future. 

Microgrid Knowledge and EnergyTech are focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids. The C&I sectors together account for close to 30 percent of greenhouse gas emissions in the U.S.

Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.

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