SCHNEIDER ELECTRIC (EPA:SU) - Schneider Electric reinforces its sustainability commitments as it responds to the Covid-19 crisis

Transparency directive : regulatory news

08/04/2020 08:29

Regulatory Information

Schneider Electric reinforces its sustainability commitments as it responds to
the Covid-19 crisis

Rueil-Malmaison (France), April 8, 2020 - Schneider Electric is recognized
around the globe as an essential business providing service continuity to
critical infrastructure such as hospitals, data centers, IT networks, the
temperature-controlled food supply chain, energy, transportation, water
treatment and vital industries.

Ensuring continuity of service, 24x7, to critical industries in all the
countries and communities where Schneider Electric operates is the Group's
first responsibility and its main contribution to the fight against Covid-19.
In this context, the Group is focused on maintaining operations to service
critical infrastructure, in compliance with health and local government
regulations.

At Schneider Electric, the health and safety of employees, customers and
partners is of utmost importance. In response to the Covid-19 crisis the Group
has enhanced its existing global benefit standards (Life, Health and Family
Care) for all of its employees worldwide, for the duration of the crisis.

Additionally, and consistent with its sustainability commitments, Schneider
Electric is actively supporting hospitals and the most vulnerable communities
and participating in several other efforts including boosting the production of
ventilators.

During these challenging times Schneider Electric would like to announce the
creation of a fund dedicated to Covid-19 support as part of the Schneider
Electric Foundation. This "Tomorrow Rising Fund" will support emergency and
longer-term reconstruction actions related to Covid-19 in all the territories
in which Schneider Electric operates. The Schneider Electric Foundation will
invite leaders and employees who wish to do so, to donate and all donations
will be matched by the company. Schneider will also invite its other external
stakeholders to donate to this fund.

Jean-Pascal Tricoire - Chairman & CEO - will personally contribute 25% of his
base salary for the duration of the current crisis to the Tomorrow Rising Fund.
He is joined by the members of the Executive Committee of Schneider Electric
who have committed to contribute 10% of their base salary to this fund for the
duration of the current crisis.

Schneider Electric, a CAC40 company, does not intend to resort to the
exceptional liquidity support schemes that are proposed by the French state to
overcome this crisis.

In addition, and given the current context, Schneider Electric has suspended
the buy-back of its shares aligned with the withdrawal of its 2020 guidance
pursuant to its March 23rd, 2020 communication.

Through these initiatives, Schneider Electric reiterates its commitment to
sustainability and expresses its appreciation to all of those who are
demonstrating extraordinary courage and selflessness in their efforts to fight
this pandemic.

About Schneider Electric

At Schneider, we believe access to energy and digital is a basic human right.
We empower all to make the most of their energy and resources, ensuring Life Is
On everywhere, for everyone, at every moment.

We provide energy and automation digital solutions for efficiency and
sustainability. We combine world-leading energy technologies, real-time
automation, software and services into integrated solutions for Homes,
Buildings, Data Centers, Infrastructure and Industries.

We are committed to unleash the infinite possibilities of an open, global,
innovative community that is passionate about our Meaningful Purpose,
Inclusive and Empowered values.

www.se.com

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Investor Relations
Schneider Electric
Amit Bhalla
Tel: +44 20 7592 8216
www.se.com
ISIN : FR0000121972

Media Relations
Schneider Electric
Véronique (Luneau) Roquet-Montegon
Tel: +33 1 41 29 70 76
veronique.roquet-montegon@se.com

Media Relations
DGM
Michel Calzaroni
Olivier Labesse
Tél: +33 (0)1 40 70 11 89

Fax : +33 (0)1 40 70 90 46

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SCHNEIDER ELECTRIC (EPA:SU) - Schneider Electric reinforces its sustainability commitments as it responds to the Covid-19 crisis

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