The company makes power supply equipment for solar and wind power systems, as well as energy saving devices. Schneider Electric has an expanding line of Green Premium products, which provide customers pertinent environmental performance information as well as the best way to dispose of the product at the end of its life. Green Premium products help customers maintain their environmental policies, ensure regulatory compliance, and calculate their carbon footprint. For example, Schneider’s energy management system, EcoStruxure, connects five areas of business —power, data centers, process and machines, building control, and physical security — delivering up to 30% savings in energy efficiency. The platform provides a system level view of energy consumption, identifying energy waste through precise measurement. Schneider’s “Connect” program is a company-wide initiative that incorporates employee, supplier, environmental, and social goals. Through this program, the company’s primary social initiative, Business, Innovation and People at the Base of the Pyramid (BIPBOP), has ambitious goals of providing 1 million households access to energy and training 30,000 young people in energy management professions by 2014.
We believe the company would be well served to increase the environmental standards, criteria, and monitoring of its suppliers.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 5/31/14 and may not reflect current opinions or subsequent events.