1、Schneider Electric Universal Registration Document 2022Digital and Electric:for a sustainable and resilient future2022 Universal Registration DocumentFINANCIAL AND SUSTAINABLE DEVELOPMENT REPORTThe Universal Registration Document was filed on March 28,2023 with the Autorit des Marchs Financiers(AMF)
2、,as the competent authority under Commission regulation(EU)1129/2017,without prior approval in compliance with Article 9 of this regulation.The Universal Registration Document may be used for purposes of a public offer of securities or admission of securities to trading on a regulated market if comp
3、leted by a securities note and,if applicable,a summary and any amendments to the Universal Registration Document.The whole is then approved by the AMF in accordance with Regulation(EU)2017/1129.This Universal Registration Document is a free translation into English of the official version of the Uni
4、versal Registration Document which has been prepared in French and in ESEF format(European Single Electronic Format)and which includes the Annual Financial Report for the fiscal year ended December 31,2022 and is available on the AMFs website(www.amf-france.org)and on the Companys website().1Life Is
5、 On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TS T R A T E G I C R E P O R TIntegrated reportOur purpose2About Schneider4Statement from the Chairman&CEO,Jean-Pascal Tricoire10An interview with Chief Fin
6、ancial Officer,Hilary Maxson12Financial Performance Highlights13Accelerating our digital journey 18Key Achievements of 202220Business:Market trends All Digital,All Electric22What we do24Sustainability strategy:A changemaker for sustainability30Proud of 2022s sustainability achievements322023 outlook
7、 and target3420222024 targets and long-term ambitions as announced in 2021 Capital Markets Day34Governance35Our Stakeholders40Chapter 1 Group strategy and sustainability1.1 Trends and opportunities521.2 Schneider Electrics unique operating model541.3 Schneider Electrics priorities for sustainable gr
8、owth591.4 End-customer focus69Chapter 2 Sustainable developmentAn introduction by Chief Strategy&Sustainability Officer,Gwenaelle Avice-Huet742.1 Sustainability for all752.2 Driving responsible business with Trust1082.3 Leading on decarbonization1482.4 Being efficient with resources1742.5 Great peop
9、le make Schneider Electric a great company1982.6 Delivering social impact for a just transition2242.7 Methodology and audit of indicators 2422.8 Indicators274Chapter 3 How we manage riskat Schneider Electric RFAAn introduction by Chief Governance Officer&Secretary General,Herv Coureil2943.1 Risk man
10、agement scope2953.2 Organization and management2953.3 Risk management mechanisms2993.4 Key risks and opportunities3043.5 Insurance319C O R P O R A T E G O V E R N A N C E R E P O R TChapter 4 Corporate governance report RFAVice-Chairman&Lead Independent Directors introduction3224.1 Governance Report
11、3244.2 Compensation Report376F I N A N C I A L S T A T E M E N T SChapter 5 Consolidated financial statements at December 31,2022 RFA5.1 Consolidated statement of income4205.2 Consolidated statement of cash flows4225.3 Consolidated balance sheet4235.4 Consolidated statement of changes in equity4255.
12、5 Notes to the consolidated financial statements4265.6 Statutory Auditors report on the consolidated financial statements4835.7 Extract of the management report for the year ended December 31,2022488Chapter 6 Parent company financial statements RFA 6.1 Balance Sheet4986.2 Statement of income5006.3 N
13、otes to the financial statements5016.4 Statutory auditors report on the annual financial statements5126.5 List of securities held at December 31,20225156.6 Subsidiaries and affiliates5166.7 The companys financial results over the last 5 years5186.8 Extract of the management report for the year ended
14、 December 31,2022519S H A R E H O L D E R I N F O R M A T I O NChapter 7 Information on theCompany and its capital7.1Shareholding5227.2 Capital5247.3 General information on the Company5277.4 Shareholders rights and obligations5287.5 Stock market data5317.6 Investor relations533Chapter 8 Annual Share
15、holdersMeeting RFA 8.1 Explanatory comments&draft resolutions submittedto the Annual Shareholders Meeting5368.2 Statutory Auditors special reports561Chapter 9 Persons responsible forthe Universal Registration Documentand audit of the financial statementsPersons responsible for the Universal Registra
16、tion Document568Persons responsible for the audit of the financial statements569Universal Registration Document cross-reference table570Annual Financial Report cross-reference table573Cross-reference table referring to the elements of theManagement Report574Cross-reference table referring to theelem
17、ents of the Corporate Governance Report575Cross-reference table pursuant to Articles L.225-102-1,L.22-10-36 and R.225-105(disclosure on extra-financial performance),and Article L.225-102-4(vigilance plan)of the French Commercial Code 576Glossary578RFAAnnual Financial Report elements are clearly iden
18、tified in this table of contents with the sign RFA.2Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TOur purpose To empower all to make the most of our energy and resources bridging progress and sustainability for all.Our performance2022 was a yea
19、r of strong performance against a complex economic and geopolitical backdrop.We navigated the challenges faced with agility,taking the next step on our sustainable growth journey.Financial KPIsRevenues 34.2B+12.2%organicAdjusted EBITA margin17.6%+40bps organicNet Income(Group share)3.5B+9%Free Cash
20、Flow 3.3B96%conversion rateAdjusted Earnings per Share7.11+16%Proposed Dividend per Share3.15+9%3Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TAt Schneider we call thisOur Impact72%Impact Revenu
21、es(+1pt vs 2021)4.91/10Schneider Sustainability Impact score,outperforming 2022 4.70/10 target440MTonnes of saved and avoided CO2 emissions to our customers since 20189.7%Reduction in suppliers CO2 emissions+9.7MPeople have access to green electricity since 2020 397,864People trained in energy manag
22、ement since 20094Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TAbout SchneiderOur mission is to beyour digital partner for Sustainability and Efficiency.What we offerWe drive digital transformation by integrating world-leading process and energ
23、y technologies,end-point to cloud connecting products,controls,software and services,across the entire lifecycle,enabling integrated company management,for homes,buildings,data centers,infrastructure and industries.Why we do itWe believe access to energy and digital is a basic human right.Our genera
24、tion is facing a tectonic shift in energy transition and industrial revolution catalysed by amore electric world.Electricity is the most efficient and best vector for decarbonization;combined with circular economy approach solutions,we will achieve climate-positive impactas part of the United Nation
25、s Sustainable Development Goals.Our four hubs See page 24 to find out more about what we offer.E U R O P EI N D I AC H I N AN O R T H A M E R I C A5Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R T
26、135,000+employees100+countriesWhere we operateWe are one integrated company.We are the most local of global companies.Our multi-hub approach is a key element to offer improved resiliency,agility and proximity to our customers and suppliers.We are an impact companyThis means sustainability is at the
27、core of everything we do,in line with our purpose.IMPACTCompanyNorth AmericaWestern EuropeAsia PacificRest of the WorldOur businessEmployees26%32%27%25%34%30%13%13%Revenue34.2BRevenue by geography in 2022135KTotal employees by geography in 2022 See page 30 to find out more about our Sustainability s
28、trategy.See page 54 to find out more about our quintuple integration.6Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TA future worth investing inOur position in accelerating marketsSchneider Electrics positioning for a sustainable future focuses
29、on an All-Digital,All-Electric world,deploying its technologies into accelerating markets,to answer customer needs of sustainability and resiliency.The world is at an inflection point.Supported by all stakeholders,including governments,businesses,investors,customers and civil society,we are opening
30、the way to a radically different future.Our unique operating modelWe leverage our unique operating model to deliver on our mission.The Integrated CompanyIt allows us to provide our customers with a complete plug and play and seamless integrated solution.Read more about our operating model in Chapter
31、 1 on page 54.DIGITALfor efficiencyEliminate waste,drive efficiency and optimize from plant to plugELECTRIFICATIONfor decarbonizationMost efficient energy and the best vector of decarbonizationSUSTAINABLEWORLDgreener and smarter+=Multi-hubMulti-hub is a key element to offer improved resiliency,agili
32、ty,proximity with our customers and suppliers.The Impact CompanySustainability is at the core of everything we do,in line with our purpose.OpenWe are advocates of open standards and partnership ecosystems.Harnessing one data platform for the next level of EcoStruxure openness.About SchneiderL3L1L2FS
33、Software and Digital ServicesConnectable ProductsEdge ControlField ServicesGrowing proportion of natively connected products through R&D,replacing non-digital offersLeveraging installed base,servicing of Assets under ManagementAmbition for Software,Sustainability and Servicesrevenues to increase tow
34、ards 23%of Group revenues by 2025Leading toMoving towards60%of Group revenues by 20257Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TOur growth driversOur strategic focus on More Products,More So
35、ftware,More Services and More Sustainability is set to drive incremental growth in the coming years as we continue our transition to a hybrid digital company.More Sustainable Products80%of product sales in 2022 are with Green Premium label.More Services2x Group growth,peace of mind to customers on m
36、ission critical assets.More SoftwareComplete lifecycle solutions for efficiency and sustainability,through open and agnostic software solutions leveraging one data hub.A fast track to the enterprise metaverse.More SustainabilitySupporting customers in defining and implementing their net-zero roadmap
37、,to drive double-digit growth.8Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TAbout SchneiderOur business modelOur advantages and resourcesWe are advocates of open standards and partnership ecosystems that are passionate about our shared Meaning
38、ful Purpose,Inclusive and Empowered values.Our expertiseOur integrated approach allows us to provide our customers with a complete plug and play integrated solution.PeopleEnvironment135k+employees worldwide,in 100+countriesPartners and suppliersFinancial strengthInnovation1,000+patent applications f
39、iled globally in 202277Number of zero-CO2 sites650k+service provider and partner ecosystemA-/A3strong investment grade credit ratingEnd marketsBuildingsData CentersEnergy ManagementEnergy Transition9Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5
40、C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TCreating valueCreating value for all our stakeholders.440Mtonnes of CO2 saved and avoided since 201810%performance of the Zero Carbon Project39.6Mpeople provided access to green electricity since 200962%of eligible employees benefitting from 2022 sh
41、are plan+54%3-year Total Shareholder ReturnInfrastructureIndustryFor our customersFor our partners and suppliersFor the planet&local communitiesFor our employeesFor our shareholdersIndustrial AutomationIndustry 4.010Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E
42、 G I C R E P O R TWe develop solutions for a world that is more digital,more electric,and more sustainable.”Jean-Pascal Tricoire,Chairman and CEO“Statement from the Chairman&CEO,Jean-Pascal TricoireIt goes without saying:2022 was another hugely challenging year for the world.On top of the lingering
43、effects of the pandemic,supply chain disruptions,and electronic and resource shortages of the preceding years,2022 brought war,sanctions,soaring interest rates,inflation,and an energy and cost-of-living crisis that caused hardship for millions of people and weighed on economies around the world.And
44、not to forget some of the worst climate-related events on record.Against this backdrop,we,at Schneider Electric,deployed our people and resources across our geographic footprint to make a meaningful impact both supporting the communities impacted by the immediate crises,and helping all our stakehold
45、ers to improve their efficiency,reach for their sustainability goals,digitize to be fit for the future and bolster their long-term resilience against future economic and environmental shocks.It was another year in which we were true to our purpose:to empower all to make the most of our energy and re
46、sources,bridging progress and sustainability for all.The inflection point:the new energy future is about to materialize While theres a lot to reflect on,its best to focus on what this means for the future.The root cause of both the climate crisis and the energy crisis is the same:an unsustainable en
47、ergy model that relies heavily on carbon-dense energy sources like gas,coal and oil.In 2022,we saw the consequences of having put insufficient investment towards remodeling our energy system.Energy prices,aggravated by the war in Ukraine,soared to a point that choked the economy.What all this means
48、is that were at an inflection point.The twin crises of climate and energy has created a potential turning point in the way we generate,manage,and consume energy.The medium-term aspiration of reaching carbon neutrality to fight climate change now fully aligns with the short-term objective of ensuring
49、 energy security and shielding economies from the volatility and pressure of energy prices.Accelerating the energy transition has never made more sense.A year that reinforced our focus on digitization,electrification,and sustainability The best way to make the energy transition a reality is to decar
50、bonize the demand side of the energy equation how we use and consume energy.Think about it:Net-zero buildings,homes or cities,cars powered by electricity,ultra-efficient industries.All these are less severely impacted by rising energy costs and energy supply constraints.And they contribute less to c
51、limate change.Too often,the debate focuses purely on how to shift energy supply away from fossil fuels and towards renewables.This is forgetting the most important part:energy transitions happen when we transition the demand side.So we must transition demand for technologies that benefit users,and t
52、he supply will follow.We have the opportunity,today,to create a more energy-efficient world by combining:1.Digitization that can save energy in homes,commercial and other buildings,infrastructure,data centers,and industry.2.Greater electrification,on both the production and the consumption side.Elec
53、tricity is much more efficient than the combustion of fossil fuels.Electric cars and heat pumps are clear examples of this.We dont appreciate enough that 60%of fossil fuels today are wasted in the process of conversion.3.Decentralization of some of our energy production,via microgrids using on-site
54、renewables.4.Flexibility of energy supply and demand,via smart grids that allow us to optimize how we use or store energy.At Schneider Electric weve spent the last 20 years building our expertise and portfolio in exactly those areas.We develop solutions for a world that is more digital,more electric
55、,and more sustainable,helping our customers at every stage of their journey towards greater efficiency and resilience,wherever they are.EcoStruxure,our full IoT,plug-and-play,open,interoperable architecture and platform,covers everything from Connected Products to Edge Control,and Apps,Analytics and
56、 Services to meet the needs of customers.Our agnostic software and data portfolio provides the toolbox for customers to digitize their enterprise.By bringing together all of their data into an industrial format,we can build a full digital twin of their operations.This enables them to immerse their p
57、eople in a comprehensive metaverse of their enterprise,deliver greater efficiency and costs savings,and increase safety,resilience and circularity.The recent acquisition of AVEVA allows us to bring these possibilities to our customers faster.Our services offer supports our customers across the lifec
58、ycle of their assets,from initial consultation to end-of-life and circularity.Our sustainability business supports customers with a full-service consultancy offering,from strategy right through to digitization and decarbonization.It starts with measuring their carbon and energy footprint,then helpin
59、g to reduce this footprint and bolster their energy resilience,including through sourcing the cheapest and greenest energy for their use.While the majority of our activity is focused on the demand side,we also provide solutions to decarbonize and improve the safety of the fossil fuel industry.Realis
60、tically,fossil fuels will remain a significant part of the energy mix for many years.At Schneider Electric,we therefore assist this industry in their journey to minimizing their carbon and methane footprint,and the impact on environment and society.Integrated ReportS T R A T E G I C R E P O R TC H 1
61、C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R T11Life Is On|Schneider Electric|S T R A T E G I C R E P O R TA year that reinforced our strategy of having ESG at the core of everything we doBusiness drivers and performance are one side of the story.The other is non-financial p
62、erformance:we dont see positive environmental,social and governance(ESG)performance as something that comes at the price of business performance.Since the early 2000s,weve put ESG principles at the heart of everything we do.Back then,we set ourselves ambitious goals around decarbonization,diversity
63、and inclusion,social responsibility,among others.Since then,weve consistently dialed up those goals and commitments.Theyve helped us to expand into promising new markets,to innovate,to reduce waste and costs,recycle and save resources,and to attract and retain talent.Today,we are an“Impact Company”,
64、striving to make a long-term positive impact across multiple dimensions on the planet and societies around us.The logic is simple:if you want to do well as a company,you must also do good and vice versa.And we must bring everyone along on this journey.Over the course of 2022,we delivered some great
65、achievements and received numerous awards and recognitions that attest to our performance on these fronts.For more detail on all this,please read the overview that Gwenaelle Avice-Huet,our Chief Strategy and Sustainability Officer,provides later on in this report.A year that underlined the value of
66、our unique multi-hub model and cultureThroughout the turmoil of the past few years and in 2022 in particular our multi-hub set-up has stood us in good stead.Having four regional hubs-in North America,Europe,China and India has provided us with greater resilience amid constant change.Our teams are em
67、powered to make decisions in light of the local situation,adapting and responding quickly to market opportunities and local circumstances.They do this while staying close to our customers,business partners and other stakeholders,and locating our factories and warehouses close to the points of sale,t
68、hus limiting the carbon footprint of our supply chains.A year that highlighted that Great People really make Schneider a Great Company Crises or not,our colleagues in more than 100 countries around the world work with purpose,passion and commitment to support our customers,our communities,our busine
69、ss,and each other.Im proud to say thats long been the case,as the numerous awards and recognitions we receive every year confirm.But 2022 truly highlighted this dedication.Our supply chain,sales and customer service teams navigated difficulties and worked hard to try to find solutions to the resourc
70、e and delivery challenges that still haunted the world for much of 2022.Our factory workers in some countries volunteered to spend weeks inside their sites to ensure that mission-critical operations continued throughout the local lockdowns.And together,our people and company raised over 2 million fo
71、r the Tomorrow Rising Ukraine Fund,which we set up to support Ukrainians at this very difficult time,and donated a range of electrical equipment,to help restore energy in the country.A year of challenges and of opportunityYes,2022 was another year full of challenges for economies,companies and house
72、holds the world over.But those very challenges are now coalescing to accelerate the transition we so urgently need.We have the opportunity to create a new energy landscape-one that is connected,smart,efficient,clean,sustainable,and more resilient to external shocks.And one that makes access to safe
73、and reliable energy a reality for everyone.Schneider Electric is positioned right at the heart of these changes:our products,systems,services and software;our portfolio,people,and multi-hub set-up;and our commitments to making a positive impact on the planet and society.All these combine to make us
74、a trusted partner and advisor for our customers as they navigate this journey towards the new energy future.At our 2022 Fiscal results,I made the announcement that as of May 4 2023,Peter Herweck will become Chief Executive Officer of Schneider Electric and I will continue on as Chairman of the Board
75、.After thirty-six years at Schneider,of which twenty were spent as Chief Executive or Operating Officer,I leave the role of CEO just as passionate about the business,people and customers as when I first began my career at this company.Under Peters leadership,a new chapter of Schneider Electric begin
76、s,building on the solid foundation that many have contributed to and created together these past two decades.I look forward to continuing this journey with Schneider as Chairman.Jean-Pascal Tricoire,Chairman and CEO Read more about our strategy on page 22.Integrated ReportS T R A T E G I C R E P O R
77、 T12Schneider Electric Universal Registration Document 2022|A record year,positioning us well for ongoing sustainable growth.”An interview with Chief Financial Officer,Hilary MaxsonWhat were the highlights of Schneider Electrics 2022 financial performance?We delivered a strong operational performanc
78、e in 2022 with a focus on execution,enabling us to reach record levels of revenues,adjusted EBITA and net income.We made good progress on our strategic initiatives of more products,more software and services and more sustainability which contributed to us recording+12.2%organic growth and reaching a
79、n all-time high EUR 34.2 billion in revenue.We improved our adjusted EBITA margin by+40 bps organic,reaching 17.6%,another record and representing more than EUR 6 billion in value.Net Income of EUR 3.5 billion increased by+9%from 2021 and was also an all-time high,despite losses of 300M associated w
80、ith our exit from Russia.The Group saw good volume expansion year-on-year,with price actions also contributing strongly to growth.Supply chain pressures were evident throughout the year,with progressive easing through the second half,though some tightness related to the supply of electronic componen
81、ts remains.We faced significant inflationary headwinds in the year,from raw materials,freight and electronics,and labor costs,which we were able to offset through strong pricing.We continued to deliver on our structural savings and cost efficiency plan with savings of 203 million in 2022,taking us t
82、o a cumulative EUR 1 billion over a three-year period.We also prepared for the future,with an additional 547 million invested on our strategic priorities in 2022.We delivered Free Cash Flow of EUR 3.3 billion,reflecting record operational cash flow EUR 5.3 billion,but working capital requirements co
83、ntinued to impact the free cash flow for the year,despite strong recovery in the second half,as the Group prioritized securing supply and delivery to customers in an overall strong demand environment.In 2022,we also made good progress on our digital journey,with our Digital Flywheel now representing
84、 53%of Group revenue,showing good progress towards a target of around 60%by 2025.Software&Services represented 18%of Group revenues in 2022,impacted by our transition to subscription at AVEVA and supply constraints in Services,but with acceleration expected in the next years as we drive our transfor
85、mation to a hybrid-digital company.Within Software&Services,around 36%of related revenues were classed as recurring,showing strong progress towards a target of around 45%by 2025.2022 was a year of portfolio change,tell us more about it?We are happy to have completed the transaction to acquire the en
86、tire share capital of AVEVA this year,which will allow us to accelerate on our software strategy and towards our ambition of a consistent“Company of 25”(1).We also completed our portfolio optimization program,disposing 1.7 billion of revenues since the start of the program,in 2019.Over the past four
87、 years weve made good progress on our portfolio evolution and are well positioned for the future.What is the outlook for Schneider Electric in 2023?Our priority for 2023 is to continue to deliver sustainable growth,targeting organic growth in our adjusted EBITA within the range of between+12%to+16%.
88、To deliver this strong performance,the Group will use two levers:firstly,organic topline growth where the Group targets between+9%and+11%and,secondly,organic adjusted EBITA margin expansion of+50bps to+80bps.How do you intend to drive shareholder returns in the next years?The themes set out in our 2
89、021 CMD are today more relevant than ever,and we are well positioned to benefit in the coming years from long-term secular trends set to drive growth across the end-markets we serve.Our objective is to continue to generate strong earnings growth through a combination of top line growth and margin ex
90、pansion supported by these long-term secular trends and accelerated by our strategy of more products,more software and services and more sustainability.We retain a strong focus on shareholder returns,and we continue our track-record of proposing a progressive dividend for a 13th consecutive year,inc
91、reasing our proposed dividend by+9%to EUR 3.15 per share.I am confident,as CFO,that we have the portfolio,the technologies and the great people required to enable sustainable growth for years to come,elements which combine to allow us to offer attractive returns to our shareholders.Hilary Maxson,Chi
92、ef Financial Officer(1)sum of organic revenue growth%and adj.EBITA margin%.“13Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R T34%24%13%29%26%27%14%33%34.228.925.227.225.720182019202020212022Financ
93、ial Performance Highlights2022 was a year of strong performance against a complex economic and geopolitical backdrop.We navigated the challenges faced with agility,taking the next step on our sustainable growth journey.Strong and dynamic market demand across most end-markets and segments enabled the
94、 Group set new record highs in Revenues,Adjusted EBITA and Net Income,while there was a strong recovery on Free Cash Flow in the second half of the year,supported by progressive easing in global supply chains.Revenue PerformanceConsolidated revenue totaled EUR 34,176 million for the period ended Dec
95、ember 31,2022,up+12.2%organic and up+18.2%on a reported basis.Organic growth was driven by a continuation of strong and dynamic market demand in the majority of end-markets and segments served by the Group,supported by accelerating energy transition trends and recovery in late-cycle segments.Consume
96、r-linked segments saw softness in some geographies in the second half of the year.The Group saw good volume expansion year-on-year,with price actions also contributing strongly to growth.Supply chain pressures were evident throughout the year,with progressive easing through the second half,though so
97、me tightness related to the supply of electronic components remains.Growth was impacted by the Groups withdrawal from Russia and the effects of COVID-19 infections and related lockdowns in China.FX impact was+5.7%primarily due to the strengthening of the USD against the EUR,while there was a net neg
98、ative impact of-0.2%from acquisitions and disposals.Energy Management generated revenues of EUR 26,442 million,equivalent to 77%of the Groups revenues and was up+12.9%organically.North America grew+18%organic with strong demand across all end-markets,including residential buildings.Western Europe wa
99、s up+13%organic with double-digit growth in each of the five main economies of the region with continued good traction in Data Center&non-residential Buildings,though residential markets were impacted by pressures on consumer-spending.Asia-Pacific grew+9%organic impacted by the resurgence of COVID-1
100、9 and softer residential markets in China,but with strong growth across the rest of the region,notably in India.Rest of the World was up+10%organic with strong project execution in resource driven economies and despite headwinds from Russia prior to the Groups exit.Industrial Automation generated re
101、venues of EUR 7,734 million,equivalent to 23%of the Groups revenues and was up+9.5%organically.Growth was led by Discrete automation markets while sales into Process&Hybrid markets grew strongly,benefiting from recovery in resource driven economies.North America grew+10%organic led by performance in
102、 Discrete automation markets,while strong growth in Process&Hybrid markets was supported by execution on a project in Mexico.Western Europe was up+14%organic,with strong growth in Discrete automation markets,particularly in Italy,Spain and France.Asia Pacific was up+7%organic,impacted by the resurge
103、nce of COVID-19 in China,but with strong growth across the rest of the region,including in India and Japan.Rest of the World was up+8%organic despite headwinds from Russia prior to the Groups exit.Revenue(billions)34.2BEnergy ManagementIndustrial Automation North America8,994 M(+17.8%org.)Western Eu
104、rope6,223 M(+13.1%org.)Asia Pacific7,773 M(+9.0%org.)Rest of the World3,452 M(+10.0%org.)North America1,992 M(+10.5%org.)Western Europe2,081 M(+13.6%org.)Asia Pacific2,568 M(+6.5%org.)Rest of the World1,093 M(+7.7%org.)14Schneider Electric Universal Registration Document 2022|Integrated ReportS T R
105、A T E G I C R E P O R T17.617.315.615.615.120182019202020212022Adjusted EBITA margin17.6%Summarised Financial Results million2021 FY 2022 FYReported changeOrganic changeRevenues28,90534,176+18.2%+12.2%Gross Profit11,84313,876+17.2%+10.8%Gross profit margin41.0%40.6%-40bps-50bpsSupport Function Costs
106、(6,856)(7,859)+14.6%+8.2%SFC ratio(%of revenues)23.7%23.0%+70bps+90bpsAdjusted EBITA4,9876,017+20.7%+14.4%Adjusted EBITA margin17.3%17.6%+30bps+40bpsRestructuring costs(225)(227)Other operating income&expenses(21)(433)EBITA4,7415,357+13%Amortization&impairment of purchase accounting intangibles(410)
107、(424)Net Income(Group share)3,2043,477+9%Adjusted Net Income(Group share)13,4093,968+16%+13.5%Adjusted EPS1()6.137.11+16%+13.1%Free Cash Flow2,7993,330+19%Adjusted EBITA margin at 17.6%,up+40 bps organic due to better volumes,pricing actions and delivery of the Groups cost savings program.Gross prof
108、it was up+10.8%organic with Gross margin down-50bps organic,reaching 40.6%in 2022.The decline in margin was mainly driven by lower productivity due to inflationary pressures in the supply chain.2022 Adjusted EBITA reached 6,017 million,increasing organically by+14.4%and the Adjusted EBITA margin exp
109、anded by+40bps organic to 17.6%as a consequence of strong pricing,good cost control and improving SFC/Sales ratio.The key drivers contributing to the earnings change were the following:Volume impact was positive,+761 million.The Groups industrial productivity level was-457 million.Underlying industr
110、ial productivity was+148 million,before the headwind from higher costs of freight,electronic components and other inflationary items in the supply chain which totaled-605 million.Over a three-year period(2020-2022)the Group has delivered underlying industrial productivity in excess of 700 million(be
111、fore the impacts of freight and electronics)with 2022 in particular impacted by tightness in global supply chains.The net price2 impact was positive at+1,348 million in 2022.Gross pricing on products was positive at+1,818 million due to pricing actions taken throughout the year.In total,RMI was a he
112、adwind at-470 million.Net price after taking into account freight,electronic components and other inflationary items in the supply chain was+743 million.Cost of Goods Sold inflation was-197 million in 2022,of which the production labor cost and other cost inflation was-123million,and an increase in
113、R&D in Cost of Goods Sold was-74million.The overall investment in R&D,including in support function costs continued to increase as expected and represented 5%of 2022 revenue.Support function costs increased organically by-581 million,or+8.2%organic in 2022 but the Group was able to reduce the overal
114、l SFC to Sales ratio from 23.7%to 23.0%,improving by 90bps organic.The Group continued to deliver on its structural savings and cost efficiency plan with savings of 203 million in 2022.The Group invested an additional 547 million on its strategic priorities in 2022 including R&D,digital and commerci
115、al footprint to support future growth.Additionally,the Group faced a significant headwind from inflation,which totaled 254 million in 2022.Cumulatively in the period 2020-2022,the Group met its objective in delivering 1 billion of structural savings.The impact of foreign currency increased the adjus
116、ted EBITA by+333 million in 2022,including an IFRS technical adjustment for hyperinflation impact in Turkey and Argentina.2022 performance resulted in a favorable mix effect of+49million due to a strong improvement of Gross Margin in the Systems business(mainly coming from pricing)more than offsetti
117、ng impacts from the relatively faster growth of Systems volumes compared to Products and lower growth at AVEVA.The impact from scope&others was-226 million in 2022,with net Scope impacts representing a small negative amount mainly associated with Russia,which is treated as a scope item in Q4.Financi
118、al Performance Highlights(1)Organic change of adj.Net Income and adj.EPS is calculated after removal of impacts from Russia operations in both 2021 and 2022.(2)Price on products and raw material impact.15Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4
119、C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R T3,4773,2042,1262,4132,334201820192020202120227.116.134.725.324.64201820192020202120223.152.902.602.552.3520182019202020212022Energy Management20.4%Adjusted EBITA margin,up+40 bps organic.Industrial Automation18.9%Adjusted EBITA margin,up+30 bps
120、 organic.Net income up+9%Restructuring charges were-227 million in 2022,2 million higher than last year as the Group continued to implement its operational efficiency program to generate c.1 billion of structural cost savings in the period 2020-2022.Cumulative restructuring charges over the same thr
121、ee-year period totaled 873 million.Other operating income and expenses had an impact of-433 million,consisting of-287 million losses in relation to the exit from Russia(mostly write-off of net book value),-180 million of M&A and integration costs,-75 million impairment associated with the disposal o
122、f Transformer Plants in Poland and Turkey,partly offset by gains on other disposals made in the year.In 2021,other operating income and expenses had a small negative impact of-21 million as gains on disposals mostly offset the costs of M&A and integration.The amortization and impairment of intangibl
123、es linked to acquisitions was-424 million compared to-410 million last year.The increase was mostly due to OSIsoft with a full year of amortization in 2022,compared to 9 months in 2021.Net financial expenses were-215 million,39 million higher than in 2021.The cost of debt was up slightly year-on-yea
124、r,and additionally there was a negative FX impact on currencies where hedging is not possible.Income tax amounted to-1,211 million,higher than last year by 245 million as a function of the higher profit.The effective tax rate was 25.7%,higher due to the impact of the Russia disposal(ETR of 24.6%excl
125、uding Russia,in the expected range of 23%-25%and compared to 23.2%in 2021).Share of profit on associates decreased to+29 million,down-55 million compared to last year.Net Income from Delixi was down-29 million year-on-year,impacted by COVID-19 lockdowns in China and some softness in Residential buil
126、dings markets.The net result generated by Uplight was also down year-on-year.As a result,Net Income(Group share)was 3,477 million in 2022,up+9%from 2021.The Adjusted Net Income was 3,968 million in 2022,up+16%vs.2021.Adjusted Earnings Per Share()7.11Dividend Per Share()3.15Net Income(Group share)(mi
127、llions)3,477m16Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R T3,3302,7993,6733,4762,10220182019202020212022Free Cash Flow reached 3.3 billionThe Group delivered Free Cash Flow of 3,330 million,primarily due to the P&L performance driving record
128、operating cash flow of 5,393 million.Trade working capital requirements continued to impact the free cash flow for the year,as the Group prioritized securing supply and delivery to customers in an overall strong demand environment.The trade working capital dynamic turned positive in H2 as expected,w
129、ith easing of supply chain constraints supporting backlog execution and therefore a reduction in the inventory levels held.Net capital expenditure of 1,024 million remained stable at 3%of revenue,while R&D cash costs of 1,845 million represented 5.4%of 2022 revenue.Balance Sheet Remains Strongmillio
130、ns of eurosDec.31,2022Dec.31,2021Total current and non-current financial liabilities10,463 9,749-of which Bonds8,6278,234Cash and cash equivalents-3,986-2,622Net financial debt excluding purchase commitments over non-controlling interests6,4777,127Purchase commitments over non-controlling interests4
131、,748176Net financial debt including purchase commitments over non-controlling interests11,2257,303Schneider Electric SE issued bonds totaling 1,100 million during 2022.Schneider Electrics net debt at December 31,2022 amounted to 11,225 million after payment of 1.8 billion to fulfill the 2021 dividen
132、d,net acquisitions of 0.3 billion,offset by the good Free Cash Flow performance of 3.3 billion.The net debt was also impacted by a technical adjustment of 4.6 billion to reflect the commitment to purchase the minority shares in AVEVA,a transaction which closed on January 18,2023.Adjusting to exclude
133、 the impact of such purchase commitments would result in a net debt of 6,477 million,comparable to the 7,127 million of the previous year end.The Group remains committed to retaining its strong investment grade credit rating.Financial StrengthA-Standard&PoorsA3MoodysFree Cash Flow(millions)3,330mFin
134、ancial Performance Highlights8%*25%*10%*10%*Full year 2022Software*+9%org.growthConnectable Products+20%org.growthEdgeControl+13%org.growthFieldServices+8%org.growth53%of 2022 Grouprevenues*Including Digital Services*%of 2022 revenues17Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C
135、 R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TFlywheel up+15%org.in 2022Making strong progress on our digital journeySchneider Electric continues to make progress on its Digital Transformation Scale to create unified software,user experience,data federation
136、and AI as set out in the 2021 Capital Markets Day.This includes tracking the evolution of its digital flywheel where strong progress has been made against the targets set out in 2021.Schneider Electric is focused on growing recurring revenues which serve to deepen the relationship with customers acr
137、oss the lifecycle of their assets and installations,for the benefit of both parties over time.2021 2022Digital flywheel as%of Group revenuesSoftware&Services as%of Group revenues Recurring revenue as%of Software&Services revenues c.50%c.18%c.30%53%18%36%Key achievements of the year Digital innovatio
138、n driving strong growth in connectable products Good growth in Software and Digital Services despite transition to subscription at AVEVA Strong traction for efforts to make software and services revenues more recurring18Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A
139、 T E G I C R E P O R TProcess Efficiency+Energy EfficiencyAgnostic Software and DataEdge ControlEnd-to-end CybersecuritySchneider Electric Exchange&Strategic AlliancesConnected ProductsAccelerating our digital journeySchneider Electric has built the toolbox for customers to digitize their enterprise
140、 and build its full digital twin,allowing them to harness insights through data to deliver greater efficiency and savings.This is achieved through EcoStruxure,our IoT enabled,plug-and-play open architecture and platform.Unparalleled portfolioOn top of EcoStruxure,we have built an agnostic software p
141、ortfolio,meaning software that is not tied to any particular hardware device or technology platform,with offers across both Industrial Automation and Energy Management.EcoStruxure for IoT,Data and Software for a complete Digital TwinAn increased focus on climate change,coupled with the recent energy
142、 crisis,has forced governments and corporations to re-think their energy consumption with a renewed and urgent need for energy efficiency and electrification.Schneider Electric believes that the path to energy efficiency lies in the ability to digitize existing installations across industries with a
143、 particular focus on mission-critical and energy-intensive applications.For our customers there is a clear need for digital solutions across the lifecycle covering both the industry twin and the energy twin across the enterprise.We aspire to be the reference in the industrial world for contextualize
144、d asset data.We believe that customers can benefit when data from their enterprise installations feeds into a single data hub,accessible by specialized software applications for tangible efficiency gains and sustainability advancements.Holistic efficencyIn the current context,with priority on energy
145、 security and the resultant rise in energy costs,there is a clear need for greater energy efficiency.Schneider Electrics portfolio of software will allow customers to converge their enterprise data,across domains of process,power and build,and provide contextualized data-driven insights across the l
146、ifecycle of their assets.Convergence between Power and Process DataDigital Twins of all critical elements of the enterpriseContextualized insights for Safety,Resiliency,Efficiency&SustainabilityOne Data Hub for Operations,Assets,Energy&Carbon TrackingIndustrial SoftwareEnergy SoftwareEnd-markets:Bui
147、ldingData CenterIndustryInfrastructureOne Data Hub and a fast track to the Enterprise MetaverseIoTPlug&Play ArchitectureIndustry TwinEnergy TwinData HubOne singular source for Enterprise SoftwareDigital TwinAcross the lifecycleMar.18Sep.22Nov.22Dec.22Jan.2319Life Is On|Schneider Electric|Integrated
148、ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TImplications for our customersThe combination of AVEVA and Schneider Electric agnostic software provides customers with one data hub,and a fast track to the Enterprise Metaverse.Doing so wi
149、ll drive benefits for customers,creating value through:Acceleration of the transition to a subscription model and Software as a Service(SaaS)Creating one data hub,converging customers process and energy data Bringing combined process and energy efficiency to industrial and infrastructure customers P
150、roviding one set of applications for the complete Enterprise Metaverse Leading to a frictionless customer experienceImplications for Schneider ElectricThe transaction will serve to accelerate Schneider Electrics software strategy,driving growth through:A simplified and co-ordinated agnostic software
151、 offering Operational flexibility and simplification Further convergence of technology through closer co-operation on R&D A co-ordinated go-to-market and greater customer coverageOur three principles of Software governanceSchneider Electric intends to apply its fundamental principles of business aut
152、onomy and technological agnosticity to the governance of AVEVA by ensuring three“software governance principles”,which are:1.First,to maintain AVEVAs software as fully agnostic.This means that AVEVA will continue to rely on open architectures and interoperable standards providing the equal ability t
153、o work with or without Schneider Electric hardware.2.Second,to preserve AVEVAs business autonomy.This means that the AVEVA name and brand will continue and AVEVA will have its own,dedicated go-to-market,marketing and R&D capabilities,as well as its own P&L.3.Third,to keep AVEVAs specific culture as
154、a software company.This means that the AVEVA teams will not be merged or integrated with existing Schneider Electric hardware businesses,or country operations.Transaction timelineNovember 11,2022Schneider Electric reaches agreement on the terms of an increased and final cash offer of 32.25 per share
155、 March 1,2018Schneider Electric acquires a c.60%share in AVEVA January 18,2023Schneider Electric announces completion of the transaction,with shares in AVEVA to be de-listed the following morningNovember 25,2022AVEVA announces that the requisite majority of eligible AVEVA shareholders have voted to
156、approve the offer and to pass a special resolution to implement the SchemeDecember 14,2022AVEVA announces that all of the regulatory conditions have now been satisfiedSeptember 21,2022Schneider Electric announces its intention to acquire the remaining c.40%of shares in AVEVA that it does not already
157、 own,by way of a scheme of arrangement*.*The cash offer of 31 per share is recommended by the AVEVA Independent Committee and is subject to the approval of the minority shareholders and certain regulatory conditions.In 2022,Schneider Electric took the next step in the evolution of its strategy,and t
158、he acceleration of its digital journey,through the acquisition of the entire share capital of AVEVA.20Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TKey achievements of 2022JanuarySchneider Electric achieves outstanding performance in four corpo
159、rate sustainability ratings underlining its long-standing sustainability leadership.11th consecutive year on CDPs Climate Change A list11th consecutive year on the Dow Jones Sustainability World IndexTop rating from EcoVadis:in the top 1%of 85,000 corporates assessed and received the Platinum medal#
160、1 in the Electronic Components&Equipment sector in Europe on the Vigeo Eiris indexIn addition,Schneider Electric was recognized for the 11th time in Corporate Knights Global 100 list of the most sustainable corporations,ranking fourth in 2022.FebruarySchneider Electric lands on Fortunes 2022 Worlds
161、Most Admired Companies list for the fifth year in a row.This year,Schneider Electric ranks third in the electronics industry,signifying its continuing commitment toward building a more digital,electric,and decarbonized world.This accolade is a testament to the Companys ongoing commitments toward inn
162、ovation,sustainability,diversity,and inclusion.MaySchneider Electric launched EcoStruxure Machine Expert Twin,a scalable digital twin software solution to manage the entire machine lifecycle.Using EcoStruxure Machine Expert Twin our customers can expect 60%savings in commissioning time and up to 50%
163、faster time-to-market by revolutionizing the design and build processes.AprilSchneider Electric donated equipment worth 4 million to help restore essential energy supplies in Ukraine.The donation was facilitated by the World Economic Forum as part of ongoing efforts to identify steps its members can
164、 take to support humanitarian needs in Ukraine.In addition,the Schneider Electric Foundation supported NGO partner“SOS Attitude”in running a refugee camp in Moldavia.MarchSchneider Electrics Le Vaudreuil factory has been recognized by the World Economic Forum as a Sustainability Lighthouse,one of on
165、ly six worldwide and the second for Schneider Electric.The World Economic Forum also recognized the Companys Smart Factory in Hyderabad,India as an Advanced Lighthouse the fifth Schneider Electric factory to receive this distinction to dateJuneSchneider Electric won the 2022 Microsoft Energy&Sustain
166、ability Partner of the Year award.Schneider was honored among a global field of top Microsoft partners for its innovative EcoStruxure software solutions provided to customers that were powered by Microsoft technology.21Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1
167、C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TJulySchneider Electric signed a binding agreement regarding the sale of Schneider Electric Russia to the local leadership team.The transaction was completed at the end of September,with Schneider Electric Russia deconsolidated ef
168、fective from the start of Q4 2022.AugustSchneider Electric ranked first in the Gartner Supply Chain Top 25:Europe Top 15,retaining its position for the third consecutive year.This recognition followed the announcement in May that the company ranked second in the Gartner global ranking.OctoberSchneid
169、er Electric introduces advanced energy management solutions at its Innovation Summit World Tour expanding the AirSeT range with the launch of new SF6-free MV switchgear for primary distribution(GM AirSet),the EcoStruxure Energy Hub IoT SaaS solution for visibility into energy and emission profiles a
170、nd Schneider Electric EcoCare,a unified IoT-enabled bundle of 24/7 expert support,that delivers deep insights on asset conditions,and expertise to unlock safety,efficiency,and sustainability improvements.DecemberSchneider Electrics Wiser Home Energy Management App received special honors at this yea
171、rs Consumer Electronic Show(CES)being named a 2023 Innovation Award Honoree in the Smart Home category.The award recognizes outstanding design and engineering in technology products,focusing on sophisticated monitoring and control solutions.The Wiser App simplifies home energy measurement&control to
172、 increase efficiency,saves on energy bills and allows homeowners to live more sustainably.NovemberSchneider Electric is triply recognized by the Financial Times,Refinitiv and Forbes as a global leader in workplace diversity,equity and inclusion(DEI).These separate endorsements reflect both the depth
173、 of the companys long-standing commitment to creating a fairer and more equitable society,as well as the tangible,practical impact of the measures it has implemented to progress that ambition within its workforce.SeptemberSchneider Electric confirmed its firm intention to acquire the share capital o
174、f AVEVA that it does not already own.The transaction will create customer value through bringing together energy and process data,creating an unparalleled enterprise data hub augmented by a suite of specialized software offers.The minority shareholders of AVEVA voted in November 2022 to approve the
175、transaction,which closed in January 2023 following satisfaction of all regulatory conditions.22Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TBusinessMarket trends All Digital,All Electric At Schneider Electric,we believe an All Digital,All Elec
176、tric world is key to limiting the global temperature increase to the 1.5C trajectory needed to slow climate change and enable a resilient future.The energy crisis in Europe shows that decarbonization is a strategic imperative to ensuring stability today and not limited to ensuring a resilient world
177、in the far future.In fact,the medium-term objective of reaching carbon neutrality to fight climate change fully aligns with the short-term objective of energy security.We are at an inflection point.We need to build a more sustainable and resilient world.We need to save 3x more and 3x faster CO2 emis
178、sions by 2030Source:Schneider Electric Research Institute Scenario:Back to 20504 Gt*CO2 saved per yearCurrent pledged savings,post COP26,by 2030 leading to 2.7 riseMinimum required savings by 2030 to limit to 1.5 rise10-15 Gt*CO2 saved per year*GigatonneSolutions to increase sustainability and resil
179、ience exist and are available today.Schneiders positioning for a sustainable future focuses on an All Digital,All Electric world.Its what we call“Electricity 4.0”:Digitization creates resilience and builds a smart future:Data analytics and insights enable more agile,efficient operations and continui
180、ty,making the invisible visible.Electricity makes greener energy possible:Green energy production offers the best path for decarbonization.DIGITALFor Efficiency+ELECTRICFor Decarbonization=SUSTAINABLESmart&Green23Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C
181、 H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TGrids of the Future100%reduction in CO2 emissionsData Centers of the FutureCO2 emissions stable during exponential data growth1Industries of the Future 84%reduction in CO2 emissionsH2H290%of power from renewables10 x fasterrenovation r
182、ates370%recycling rates40 65%of energy delivered as electricity2x more rail Buildings of the Future93%reduction in CO2 emissionsInfrastructure of the Future 83%reduction in CO2 emissionsSolar energy captured on every suitable rooftop70%of cars are EVs1 CO2 emissions from Schneider Electric s data ce
183、nter and edge global energy forecast and BNEF Carbon Intensity Projection.Data growth from worldwide IDC Global DataSphere forecast applying exponential growth projection.2 IDC Services3 BNEFPartnerships of the Future 80%2 invested in more sustainable business practices70%heat pump usage167 millionh
184、ouseholds go solar3All other statistics:Schneider Electric Sustainability Research Institute(2021):“Back to 2050”decarbonization scenarios.CO2 emission reduction projections are based on the differences between 2050 and baseline year 2020.Megatrends highlight the shift to a world becoming All Digita
185、l,All Electric.All DigitalGrowing need to aggregate exponential amounts of data.Expansion of Internet of Things(IoT)in industrial processes driving more and more data.By 2030,the number of IoT devices will be six times that of 2020 growing from eight billion to 50 billion,resulting in an eight times
186、 increase in compute workloads(1).New business models possible with new technologies like artificial intelligence(AI),algorithms,and digital platforms.All ElectricMore renewables,with a variable capacity mix anticipated to reach up to 50%by 2040,make power generation greener.More electric vehicles(E
187、Vs)drive changes to the electrical grid and increase the level of electrification.More energy efficiency from better products and smarter use.What net zero looks like in 2050(1)Schneider Electric Sustainability Research Institute.24Schneider Electric Universal Registration Document 2022|Integrated R
188、eportS T R A T E G I C R E P O R TWhat we doWe help our customers integrate sustainability,efficiency,and responsible profitability into every step of their decision making and lead by example in our own Smart Factories.Our unrivaled EcoStruxure solutions and services,built from the legacy of award-
189、winning brands such as Modicon,Foxboro,Triconex,TeSys,Altivar,and Harmony,are complimented by AVEVA software and strategic partnerships with world-leading companies to provide end-to-end,integrated solutions from the shop floor to the top floor and into the cloud.Innovations introduced in 2022 inclu
190、de:Lexium Cobot:An advanced robotic system that increases workforce empowerment and safety by performing heavy,repetitive,and complex tasks.EcoStruxure Automation Expert 22.1:The worlds first universal automation solution now reduces engineering by almost 50%through AVEVA System Platform integration
191、,and provides a cost-effective,high-computing-power controller with Modicon M262d integration.EcoStruxure Machine Expert Twin:A scalable digital twin of real machines allowing manufacturers to design,commission,and manage their lifecycle in the virtual world before impacting the real world.Motor Man
192、agement:Decreases motor energy consumption and deterioration without compromising safety and reliability.EcoStruxure Motor Management Design web app easily performs energy savings analysis,and Altivar Soft Starter ATS480 reduces engineering time and costs.EcoStruxure Power and Process:Increases effi
193、ciency and sustainability by digitally unifying automation and electrical systems.Industries of the FutureWe are on a mission to make the industries of the future sustainable and resilient through open,software-centric automation.96%less energy and 95%less material needed for testing(Euro Machinery)
194、.50%faster changeover time and up to 40%cost savings(Livetech).25%less downtime and 40%less labor costs(Wilo Pumps Indonesia).Padania AcqueSchneider Electric worked with Italian water services provider Padania Acque,to integrate and modernize its operations,resulting in:reduced energy consumption by
195、 at least 5%,reduced water loss by up to 10%,22%increase in EBITDA over three years.for Water&WastewaterApps,Analytics,&ServicesEcoStruxture Water Cycle Advisor Water Loss&Water SimulationAVEVA Work TasksEdge ControlEcoStruxture GEO SCADA ExpertModicon PACs:M340/M580/M221Connected ProductsLV smart p
196、anelsAltivar drivesSCADAPackRTU25Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TCitycon Lippulaiva Helsinki,FinlandCitycon a leading owner,manager,and developer of mixed-use urban centers commiss
197、ioned Europes first energy self-sufficient,sustainable,and carbon-neutral urban center.With EcoStruxure solutions,including an advanced microgrid system,Citycon became a prosumer both a producer and consumer of energy.The goals included to achieve high sustainability through net-zero emissions,impro
198、ve energy management,lower energy consumption,and generate revenues by selling energy back to the local utility,and were achieved with EcoStruxure solutions.Results of this installation and strategy include:335 tCO2/year(direct energy savings)emissions reduction.14%reduction in energy costs.3 millio
199、n investment payback within five years.Sustainable:designed and retrofitted for net-zero.With our3-step framework Strategize,Digitize,and Decarbonizewebridge ambition and action for decarbonization of buildings,new and existing.Resilient:avoids downtime and recovers quickly.Our powerdigitalization a
200、nd microgrid solutions enable business uptimethrough reliable power,predictive analytics,and conditions-based maintenance.Hyper-efficient:gathers real-time data for visualization andidentification of efficiency opportunities.Through room-levelmonitoring,occupancy sensors,and building managementsoftw
201、are,businesses can better manage energy and spaceutilzation.People-centric:puts people first in the design and operation ofthe building for improved health,safety,comfort,andproductivity.Our building management and security solutionsprovide an optimal environment for occupants at all times.Innovatio
202、ns introduced in 2022 include:EcoStruxure Building Operation 2022 An open,scalable next-generation building management solution that provides a single control center for facility professionals to monitor,manage,and optimize the efficiency of systems that have been traditionally siloed.Now providing
203、simple integration,visibility and actionable data from solar panels,EV charging stations,and renewable energy sources,as well as previously integrated HVAC,power,lighting,security,fire systems,and more to create sustainable and energy-efficient buildings.SpaceLogic Insight-Sensor Anonymous,real-time
204、 people-counting technology and integration with EcoStruxure Building Operation building management system(BMS)responds dynamically to changes in room conditions and occupancy to reduce energy waste,enhancing occupant comfort.Additional sound,light,temperature,and humidity sensing delivers data requ
205、ired for green and WELL building standards and certifications.EcoStruxure Building Advisor Monitor your building management system and heating,ventilation,and air conditioning(HVAC)assets while automatically detecting and diagnosing faults leading to energy waste.Dedicated dashboards indicate tailor
206、ed recommendations to help prioritize maintenance tasks,based on carbon emission scores.Facility professionals can view the carbon impact of every single building,and also report on carbon footprint reduction across the whole enterprise.EcoStruxure Energy Hub Cloud-based energy management system des
207、igned for small and medium-sized commercial and industrial buildings that simplifies energy management and achieving sustainability goals,without the IT headaches.Simply connect your smart energy infrastructure for a single building or multiple sites to automatically collect,store,visualize,and repo
208、rt on energy data.50%Approximately 50%of todays buildings will still be in use in 2050(1).37%Buildings account for 37%of the worlds annual CO2 emissions(1).(1)https:/www.iea.org/reports/energy-technology-perspectives-2020Buildings of the FutureWe spend the majority of our lives in buildings.They are
209、 where we work,learn,shop,and spend time with the people who matter most.That is why it is more important than ever that buildings are:for buildingsApps,Analytics,&ServicesEcoStruxure Building AdvisorEcoStruxure Microgrid AdvisorEdge ControlEcoStruxure Building OperationEcoStruxurePower OperationCon
210、nected ProductsMasterPactMTZPowerLogic Metering26Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TMake homes more sustainableHomes are the single largest consumer of electricity and contribute up to 20%of carbon dioxide emissions.Schneider Electri
211、c provides solutions to make homes multi-energy source ready,maximizing electrification and,therefore,decarbonization(e.g.,switching from fossil fuel to electrical heating),making it easy to upgrade existing installations.Make homes more resilientSchneider Electrics advanced technology helps custome
212、rs secure homes against electrical hazard risks,cyber threats,and power interruption.The energy crisis and climate change is putting increased pressure on our homes electrical installation.Our next generation of intelligent electrical switchboards,combined with battery back-ups,ensures critical appl
213、iances remain powered even during outages.Make homes more efficientHeating accounts for about 60%of the energy bill.Added to this,EV charging will increase electricity consumption by up to 40%in homes(1).To mitigate increased energy bills,our Home Energy Management solutions enable consumers to decr
214、ease energy consumption,without compromising on comfort.Through real-time monitoring and control of major energy guzzlers in homes,we empower homeowners to make their home more energy efficient.Make homes more personalSchneider Electric helps you create a comfortable home with a bespoke style and pe
215、rsonalized living experience at every moment.Thanks to digitization and machine learning,you can take complete control of your home while Wiser learns your preferences to deliver youruniquesmarthomeexperience.x2Electricity consumption in residential buildings is expected to double by 2050(2).20%Home
216、s contribute up to 20%of CO2 emissions(3).54%Consider smart technologies like home energy management solutions as a way to reduce energy bills(4).(1)ChargeGuru study of 100 EV installations in France.(2)International Energy Outlook 2019(EIA).(3)UN Environmental Program 2020.(4)Schneider Electric con
217、sumer survey conducted across six markets 8,019 respondents in July 2021(performed by OPINIUM).Innovations introduced in 2022 include:Wiser app Home Energy Management System:The Wiser App from Schneider Electric makes it simple for homeowners to manage their energy use,reduce bills,and prepare for a
218、 more sustainable future,all in just a handful of taps.Users can monitor power consumption in real-time,understand their spending,and set budgets with ease.Plus,Wiser now creates the most efficient schedule for charging an EV,choosing when to start charge based on the cheapest electric tariff.Merten
219、 System-M Pure Ocean:The plates of this series of switches and sockets are made from used fishing nets.Odace Sustainable:One of the best seller series of switches and sockets,produced in a net-zero factory in Spain,is now available in a recycled material option,which would be 80%post-industrial fram
220、es.Resi9 Green:Introducing recycled content into an electrical component is not an easy task,as the new material needs to comply with high standards in terms of safety and performance,such as resisting temperatures up to 950 degrees.Our teams have been able to make it happen for our Resi9 breakers s
221、eries.Resi9 Connect:Resi9 Connect ensures that all home occupants have strong internet connection,using a wired for wireless architecture wired for performance and wireless for convenience.The solution provides internet access throughout the home via wall hotspots,providing router-quality WiFi in ev
222、ery room.Homes of the FutureAt Schneider Electric,our aim is to make homes more efficient and sustainable,leveraging our future-proof and scalable home energy solutions.Our cutting-edge technologies help monitor,control,automate,and save on energy consumption,while also reducing carbon emissions at
223、home without compromising on comfort and convenience.We design solutions to:KB Homes customer testimony“We are excited to partner with industry and academic leaders to bring advanced technologies and energy solutions to our homeowners.The new KB homes at Oak Shade and Durango at Shadow Mountain will
224、 be the first in California to be equipped with smart technologies,a backup battery,and microgrid connectivity.These will provide a self-supporting energy system with a community battery that powers the neighborhood,”said Dan Bridleman,Senior Vice-President of Sustainability,Technology and Strategic
225、 Sourcing for KB Home.“We look forward to conducting research to measure the energy efficiency and resiliency of our all-new energy-smart connected communities.”What we do27Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T
226、E G R A T E D R E P O R TGridsSustainable,flexible,efficient,and resilient power grids are fundamental to accelerate the energy transition.In addition to providing innovative electrical equipment,such as switchgear that uses pure air instead of the SF6 greenhouse gas,the Group equips grid operators
227、with data gathering,management,and analytics capabilities that unlock grids of the future.These digital grid transformations further enable the decarbonization of buildings,industry,and mobility.Transportation infrastructureMany governments,cities,and transit authorities are pioneering mobility and
228、infrastructure projects using end-to-end EV charging solutions,renewables,battery storage,and microgrids.Schneider Electric makes this possible through a foundation of digital,future-proof,financially innovative,and services-based infrastructure solutions.These solutions modernize and digitize diver
229、se transportation infrastructure including buses,metros,railways,and airports,speeding up the transition to low-carbon mobility.Innovations introduced in 2022 include:SM AirSeT and RM AirSeT are digital MV switchgear ranges using pure air technology,eliminating the need for the SF6 GHG.EcoStruxure G
230、rid Operation is a scalable,future-proof software solution offering outage management and SCADA modules specifically tailored for small to medium-sized utilities.This modern technology that helps maximize reliability,resilience,and operational efficiency is easy to deploy and maintain while also ser
231、ving as a foundation for a stepwise journey to Advanced Distribution Management Systems.AVEVA Unified Operations Center for Renewables is an enterprise visualization for creating intelligent operations centers based upon a system of systems approach.ETAP Grid Code is an end-to-end solution for the d
232、esign,analysis,protection,optimization,operation,and maintenance of renewable energy systems.EcoStruxure EV Advisor is a platform for building owners and EV drivers to control EV charging remotely.ETAP Train Power Simulation eTraXis software for designing,analyzing,and managing AC and DC railway inf
233、rastructure.80%of global CO2 emissions come from the production and consumption of energy(1).60%rise in CO2 emissions from transportation by 2050 in absence of mitigation measures(2).(1)OECD/IEA(2020),World Energy Outlook,Climate Watch(2020),Historical GHG emissions,Schneider Electric Research.(2)Pl
234、anete Energies.Infrastructure of the FutureInfrastructure is the backbone of society.Schneider Electrics technology,services,and expertise enable cities and companies to make infrastructure more reliable,safer,greener,and more efficient.Brookville Smart Energy Bus DepotA first-of-its-kind“Energy as
235、a Service”infrastructure electrification project ensuring the bus fleets continuous operation regardless of utility outages.Backed by renewables,it advances Montgomery Countys 2035 net-zero carbon emissions goal.The project is set to deliver sustainable and resilient energy and charging infrastructu
236、re supporting at least 44 electric buses at Brookville Smart Energy Bus Depot.Solutions installed:solar PV,on-site generation,battery energy storage,microgrid controls,and electric bus chargers.62%carbon reduction from buses eliminating a lifetime(155,000 tons)of GHG.99.999%resilience and reliabilit
237、y of operations and sized to handle peak-demand.Turnkey Energy as a Service solution.for eMobilityApps,Analytics,&ServicesEcoStruxure Microgrid AdvisorEcoStruxure Power AdvisorEdge ControlEcoStruxure Microgrid OperationEcoStruxurePower OperationConnected ProductsPowerLogicMasterPactMTZEnergy Control
238、 Center28Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TCritical attributes of evolving data centers:Sustainable Sustainability in data centers involves creating direct customer benefits and accounting for emissions from the entire supply chain.
239、Robust data is crucial for a sustainable solution for both the organization and its customers.Resilient By reducing exposure to hazards and risks to minimize unplanned downtime.Monitoring and data analysis helps data center teams proactively avoid uptime threats and maintain business continuity.Effi
240、cient More and more data centers are incorporating human resources and cost aspects such as CapEx in total cost of ownership(TCO).Intelligent sensors and digital services will drive more efficient operations.Adaptive Speed and precision in delivering goods and services is a new business success thre
241、shold.Data centers must adjust to changing customer demands.Agile designs enable data centers to pivot and scale quickly.Meeting these demands is crucial for business success.Innovations introduced in 2022 include:EcoStruxure IT:Schneider Electrics comprehensive datacenter infrastructure management(
242、DCIM)software solution thatensures business continuity by enabling secure monitoring,management,and planning for IT infrastructure,from a singlerack to hyper-scale,on-premises,in the cloud,and at the edge.APC SmartUPS Modular Ultra:The most sustainable modularUPS for distributed IT and edge computin
243、g allows for scalingpower protection from 5-20 kW to meet business needs.Lithium-ion technology eliminates the need for batteryreplacement,allowing for more power,IT,and edge computing.APC SmartUPS Ultra:The first of its kind single-phase UPSthat has a lighter and more powerful design.It uses lithiu
244、m-iontechnology to power distributed IT and edge computing sites toensure uptime and resilience.Maintaining uptime means happy customers“The biggest win using EcoStruxure IT Advisor is that were now in a position where were reacting to situations before they actually become situations visible to any
245、body else.Were doing our best work when nobody really knows that we exist.”Christopher Perez,Advisor for Enterprise Technology,Puget Sound Energy Data Centers of the FutureData centers are the lifeblood for the digital world,from large cloud centers to small micro ones.They must be sustainable,resil
246、ient,efficient,and adaptive to meet the changing demands of technology.What we doEcoDataCenterEcoDataCenter believes it has a responsibility to be socially and environmentally accountable when it comes to new data centers which drives its very mission statement.Located in Falun,Sweden,they operate w
247、ith an emphasis on climate-positive solutions for clients,communities,and the environment.Four GalaxyTM VX UPSs operating at 99%efficiency cansupport 3,750kW of customer load in the data center.Connected sensor and meter monitoring allows greaterfacility temperature control.The data center achieves
248、new levels of efficiency,with an EER of 132 and a PUE of 1.15 by reusinglow-grade waste heat.for ITApps,Analytics,&ServicesEcoStruxureIT AdvisorEcoCareEdge ControlEcoStruxure IT ExpertConnected ProductsRow Data CenterGalaxyTMUniflairTMModular Data Center APC SmartUPSTMUp to20%reduction in energy usa
249、ge(1).Around15%reduction in maintenance costs(1).(1)https:/ Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TInnovations introduced in 2022 include:PrismaSeT Active is the newest generation of low-volta
250、ge switchboards,natively cloud connected helping boost reliability&efficiency.Maximizing people safety with heat tag.Commissioning is made faster,before smart alarms help optimize maintenance and improve uptime.TransferPacT is the new generation transfer switch that provides best-in-class reliabilit
251、y with ultra-fast transfer performance.This natively connected switch can be monitored 24/7 and thanks to the modular design,its easy to upgrade with 30%space saving.TeSys Series:The new generation of TeSys motor starters-Deca and Giga series are designed to serve the needs of the process machinery,
252、water and wastewater,metals,minerals,and mining as well as various manufacturing and processing industries.The new generation TeSys series reduce engineering time and complexity,whilst improving machine reliability and driving down maintenance costs help provide consistent performance,enhanced safet
253、y and uptime,cost savings,and great functionality.Melbourne Cricket Ground The 100,000-seat sports stadium,considered the home of Australian sport,is a prime example of the convergence of building technology and IoT applications and advanced data to ensure power quality for fans and stakeholders;tra
254、ck consumption of energy,water and gas;and reduce energy costs and usage to minimize environmental impact.Thanks to Critical Power EcoXpert,AZZO and EcoStruxure Power.Building a sustainable future togetherSustainability is more than a corporate social responsibility;its also,a business imperative.Co
255、mpanies everywhere are concerned about climate change as they feel pressure to address the issue for shareholders,customers,employees,and the younger generation.At Schneider Electric,were responding by enabling sustainable practices with solutions that are simplified,open,and digital.And were provid
256、ing these solutions for,with,and through our partners worldwide.Sustainability For Partners:We support our partners in assessing their own carbon footprint and building a trackable and traceable plan of action.Sustainability With Partners:We certify our partners ability to assess the sustainability
257、of their supplier and customer ecosystem with automated and easy-to-scale SaaS solutions.Sustainability Through Partners:We assess and market the impact of our solutions on carbon,total cost of ownership,and ability to secure certifications and subsidies to increase our competitive advantage and ben
258、efit our partners.First-ever Sustainability Impact AwardsSchneider Electric launched the Sustainability Impact Awards in 2022 and,in the programs inaugural year,focused on partners who share our passion for decarbonization and are taking action to make the most of their energy and resources.It is al
259、together fitting that our inaugural global awards program recognizes our partners for their sustainability efforts in their own operations and on behalf of their customers.Overall,we had participation from 37 countries,11 channel partners type joined the partner award program,such as contractors,des
260、ign firm,system integrators or IT solutions provider and 6 global winners will be announced in Q1 2023.In 2023,the awards program will expand to recognize suppliers and end users for their sustainability impact,as well.650kPartners and Service Providers Co-innovate and exchange.10+mySchneider Partne
261、r Programs Curated content,tools and training.3.5k+EcoXpert partners to implement solutions worldwide.Partnerships of the FutureClimate change is the defining issue of our time.We must limit the planets warming to 1.5 Celsius,which means collectively eliminating three times more carbon emissions by
262、2030.The good news is,we have tools available to make the world less carbon intensive and more energy efficient.But no one can complete the decarbonization journey alone.Only by teaming together can we accelerate progress on the worlds path to net zero.And thats what Partnering for Sustainability is
263、 all about.30Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TIMPACTCompanySustainability strategyA changemaker for sustainabilityFor over 15 years,sustainability has been at the core of Schneider Electrics transformation journey.The Group is now
264、a world corporate leader in sustainability and a critical partner to our customers,suppliers,investors,NGOs and other stakeholders using our services and products to accelerate their own energy efficiency and sustainability transition.Our purpose drives us in“empowering all to make the most of our e
265、nergy and resources,bridging progress and sustainability for all”.Schneider Electric is an Impact Company.At Schneider Electric,we pride ourselves in being an Impact Company because sustainability does not only inform what we do,it drives corporate decision making.This entails a responsibility to sh
266、are learnings and keep raising the bar.We are an Impact Company convinced that to do good,we need to do well,and vice-versa.To deliver sustainability impact,we must combine solid profitability with leading practice on all environmental,social,and governance(ESG)dimensions.At the same time,this posit
267、ive impact supports the long-term resilience of the Company as we attract new customers,investors,and talents.Our sustainability and business impacts converge to act for a climate positive and socially equitable world,while delivering solutions to our customers for sustainability and efficiency.We b
268、ring everyone along in our ecosystem,from employees to supply chain partners,customers,as well as local communities and institutions.Building on a foundation of trust,our unique operating model with a multi-hub approach is set up to impact at both global and local levels.From a meaningful purpose,ou
269、r culture builds on strong people and leadership values empowering all Schneider Electric people to make a great company.1.Do well to do goodand vice versa2.Bring everyone alongPerformanceThe foundation for doing goodModel&cultureSet up for global and local impactBusinessPart of the solutionAll stak
270、eholdersin your ecosystemAll ESGDimensions See our recognitions on theAwards page at An Impact model recognized in external ratingsA LIST2022CLIMATEPlatinum medal recognizing top 1%performance among 100,000+companies.The only company in its sector listed as A List 12 years in a row.Schneider has bee
271、n featured on Corporate Knights Global 100 list of sustainability leaders every year since 2012,ranking#4 in 2022.Terra Carta Seal obtained in 2022,the guiding mandate for the Sustainable Markets Initiative.#1 among industry peers,scoring 90 out of 100 in the latest S&P Global Corporate Sustainabili
272、ty Assessment.31Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R T1.Focused on material issues2.Disrupting the status quo3.Transparent quarterly disclosure 4.Robust assured by an independent third p
273、arty5.Rewarding employees for performanceOur 2025 sustainability commitments With less than 10 years left to reach the 17 United Nations Sustainable Development Goals(SDGs),Schneider Electric has accelerated its impact and is making new,bold commitments to drive meaningful impact within the framewor
274、k of its business activity.Schneider Electrics 6 long-term commitments are to:Act for a climate-positive worldby continuously investing in and developing innovative solutions that deliver immediate and lasting decarbonization in line with our carbon pledge.Be efficient with resourcesby behaving resp
275、onsibly and making the most of digital technology to preserve our planet.Live up to our principles of trustby upholding ourselves and all around us to high social,governance,and ethical standards.Create equal opportunitiesby ensuring all employees are uniquely valued in an inclusive environment to d
276、evelop and contribute their bestHarness the power of all generationsby fostering learning,upskilling,and development for each generation,paving the way for the next.Empower local communitiesby promoting local initiatives and enabling individuals and partners to make sustainability a reality for all.
277、Our unique transformation tool Since 2005,Schneider Electric measures and demonstrates its progress against sustainability goals with a unique transformation dashboard called Schneider Sustainability Impact(SSI).The SSI is the translation of our six long-term commitments into a selection of 11 highl
278、y transformative and innovative programs executing our 2021 2025 sustainability strategy.It has been designed to focus on the most material issues,leveraging internal and external stakeholders feedback.Every quarter,the SSI provides,on a scoring scale of 10,an overall measure of all the programs pro
279、gress,which is shared with all our stakeholders together with financial results.At the end of the year,64,000 employees of the Group are rewarded for the progress achieved as the SSI constitutes 20%of their short-term incentive plans collective share(STIP).To ensure robustness,the SSIs performance a
280、nd monitoring systems are audited annually by an independent third party and obtain a“moderate”assurance,in accordance with ISAE 3000 assurance standard,except for SSI#+1.In 2022,the Group obtained a“reasonable”assurance for SSI#8 and will progressively cover all externally assured KPIs with this ne
281、w level of assurance.Read more about Schneider Sustainability Impact and Schneider Sustainability Essentials in chapter 2 page 78 to 81.Read more about our contributions the United Nations Sustainable Development Goals on pages 82 and 83.32Schneider Electric Universal Registration Document 2022|Inte
282、grated ReportS T R A T E G I C R E P O R TProud of 2022s sustainability achievementsThe Schneider Sustainability Impact is a scorecard demonstrating that rapid and disruptive changes for a more sustainable world are possible across diverse,complex topics.We are committed to taking urgent action to c
283、o-create a brighter future aligned with the United Nations SDGs,and measuring our impact with transparency.In 2022,the SSI achieved a great score of 4.91/10,exceeding its 4.70/10 target for the year,and is on track to achieve its 2025 ambition.This result represents the average progress of 10 SSI pr
284、ograms,ie excluding SSI#+1 and exceptionnaly SSI#6 as 2022 is the baseline for this program.Significant progress was notably achieved for SSI#9 with 5.5 million people provided with access to green electricity in 2022 alone(vs 4.2 in 2021).The Group also achieved the rapid transition of 45%of its pa
285、ckaging to plastic-free and recycled carboard(SSI#5),compared to 21%one year before.The Decent Work program(SSI#6)was launched for the first year,with more than 500 suppliers committing to join the program and some 1.5%already meeting the expectations set by Schneider Electric.Lastly,progress agains
286、t the nearly 200 local commitments taken in all markets where Schneider operates under SSI#+1 can be consulted online,some examples are provided in the opposite page.4.91/10vs 3.92 in 2021 and outperforming 4.70/10 target for 2022Schneider Sustainability Impact6 Long-term Commitments11+1 targets for
287、 2021-2025Baseline(1)2022 Progress(2)2025 TargetClimate1.Grow Schneider Impact revenues(3)2019:70%72%80%2.Help our customers save and avoid millions of tonnes of CO2 emissions2020:263M440M800M3.Reduce CO2 emissions from top 1,000 suppliers operations2020:0%10%50%Resources 4.Increase green material c
288、ontent in our products2020:7%18%50%5.Primary and secondary packaging free from single-use plastic,using recycled cardboard2020:13%45%100%Trust6.Strategic suppliers who provide decent work to their employees2022:1%1%100%7.Level of confidence of our employees to report unethical conduct2021:81%+1pt+10
289、ptsEqual8.Increase gender diversity in hiring(50%),front-line management(40%)and leadership teams(30%)(4)2020:41/23/24(4)41/27/2850/40/309.Provide access to green electricity to 50M people2020:30M+9.7M50MGenerations10.Double hiring opportunities for interns,apprentices and fresh graduates2019:4,939x
290、1.33x2.0011.Train people in energy management2020:281,737397,8641MLocal+1.Country and Zone Presidents with local commitments that impact their communities2020:0%100%100%(1)The baseline year is indicated in front of each SSI baseline performance.(2)Each year,Schneider Electric obtains a“limited”level
291、 of assurance on methodology and progress from an independent third party verifier for all the SSI and SSE indicators(except SSI#+1 and SSE#12 in 2022),in accordance with ISAE 3000 assurance standard(see Independent verifiers report on page 270).In addition,SSI#8 received a“reasonable”assurance leve
292、l in 2022.Please refer to page 242 for the methodological presentation of each indicator.The 2022 performance is also discussed in more details in each section of this report.(3)Per Schneider Electric definition and methodology.Note that for the reporting requirements under the European Taxonomy Reg
293、ulation,please refer to pages 253 to 263.(4)Calculation methodology for SSI#8 has been expanded in Q2 2022 to include blue collar managers in the scope of front line managers.Due to this methodological change,the 2020 baseline for front line managers has been recalculated to 23%instead of 25%.33Life
294、 Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TClimateNew Net-Zero target validated by SBTiBecoming one of the first companies in the world to have its Net-Zero commitment roadmap validated by the Sc
295、ience Based Targets initiative(SBTi)in line with the new Corporate Net-Zero Standard.EqualClean electricity for essential facilities in IndiaWe helped install clean energy solutions for health clinics and government schools in rural villages in India with Clean Energy Entrepreneur Tushar.525 student
296、s across three schools in India are benefiting from Schneiders Solar Power Backup solutions installed by Clean Energy Entrepreneur Tushar Mahajan.TrustLaunch of the Decent Work programThe Decent Work Program focuses on engaging suppliers to protect worker rights,going beyond the regulatory requireme
297、nts and prevailing normative practices.The initiative is aimed at implementing preventive controls that act as an additional buffer against any potential violations and reduce the likelihood of any malpractices.LocalSupporting Schneider Electric employees in Ukraine Schneider Electric,with the suppo
298、rt of its Foundation and the individual contributions of thousands of employees,raised over 2 million in donations to directly support Ukrainian colleagues and their families affected by the crisis.Schneider Electric also donated equipment worth 4 million to help restore essential energy supplies in
299、 Ukraine,while the Schneider Electric Foundation continues to work with local NGOs in support of the local community.Resources100%sustainable packaging for our Wiser rangePackaging transformation is making great progress with 100%recycled cardboard already used in our distribution centers in India,C
300、hina,and Europe.Our Wiser range is free from single use plastics and using only recycled cardboard.GenerationsGo Green Winners Celebrating Team GreenOverMorrow from Morocco for their automated greenhouse solution in our student competition.“GreenOverMorrow is our smart energy management system contr
301、olled through the internet of things and artificial intelligence to digitally transform power grids and set in motion the energy transition of modern agriculture.”34Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R T2023 outlook and targetExpected t
302、rends in 2023 A continuation of strong and dynamic market demand,supported by secular trends of electrification,digitization and sustainability Demand in consumer-linked segments(Residential buildings,Distributed IT)to continue deceleration from highs,particularly in mature markets Government incent
303、ives across the world centered around energy transition,decarbonization and improved energy efficiency to further support growth Backlog execution to support growth Supply constraints expected to progressively ease;improving supply environment should support stronger underlying industrial productivi
304、ty Some deceleration of inflationary pressure,though pockets of inflation expected to remain 2023 TargetThe Group sets its 2023 financial target as follows:2023 Adjusted EBITA growth of between+12%and+16%organic.The target would be achieved through a combination of organic revenue growth and margin
305、improvement,currently expected to be:Revenue growth of+9%to+11%organic Adjusted EBITA margin up+50bps to+80bps organic This implies Adjusted EBITA margin of around 17.4%to 17.7%(including scope based on transactions completed to-date and FX based on current estimation).20222024 targets and long-term
306、 ambitions as announced in 2021 Capital Markets Day20222024 Targets:Organic revenue growth of between+5%to+8%,on average A yearly organic improvement of between+30 bps to+70 bps in adjusted EBITA margin c.4 billion Free Cash Flow by 2024Longer-term ambitions:Organic revenue growth of 5%+on average a
307、cross the economic cycle Opportunity to further expand adjusted EBITA margin and Free Cash Flow beyond 2024:Operational leverage and continued evolution of business mix to positively impact margins35Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5
308、C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R TGovernanceOur Board of DirectorsAs of March 28,2023,the Board of Directors consisted of 14 Directors and 2 Observers.The appointment as Directors of Mr.Abhay Parasnis and Mrs.Giulia Chierchia,who joined the Board as Observers respectively on July 27
309、,2022 and February 15,2023,will be submitted to shareholders at the Annual Shareholders Meeting to be held on May 4,2023.Jean-Pascal Tricoire Chairman&Chief Executive Officer59 years,French Organizes and oversees the Boards work and reports thereon.Represents the Company in its dealings with third p
310、arties,and is vested with the broadest powers to act on behalf of the Company in all circumstances,within the limits of the corporate purpose.Lo Apotheker Director69 years,French&GermanNive Bhagat Independent Director51 years,BritishCcile Cabanis Independent Director51 years,FrenchRita Felix Employe
311、e Director40 years,Portuguese Linda Knoll Independent Director62 years,American Jill Lee Independent Director59 years,SingaporeanXiaoyun Ma Employee Shareholders Director59 years,Chinese Anna Ohlsson-Leijon Independent Director54 years,Swedish Anders Runevad Independent Director63 years,SwedishGrego
312、ry Spierkel Independent Director66 years,Canadian Lip-Bu Tan Independent Director63 years,AmericanBruno Turchet Employee Director49 years,FrenchAbhay Parasnis Observer48 years,AmericanGiulia Chierchia Observer44 years,Belgian&ItalianFred Kindle Vice-Chairman&Lead Independent Director64 years,Swiss E
313、nsures proper governance.Sets the agendas for Board meetings with the Chairman.Meets with shareholders.Chairs the Governance&Remunerations Committee.Chairs the executive sessions.3 Employee Directors 82%Independent Directors*45%women Directors*79%non-French Directors 10 nationalities from 3 continen
314、tsBoard expertiseInternational markets(14)Corporate finance(12)Public company management(13)Industry knowledge(8)Accounting,audit&risk(5)Sustainability(5)Law,governance,ethics&compliance(4)Digital&Technology(6)Employee perspective and knowledge of the Group(4)Activities of the Board in 2022There wer
315、e nine meetings(including a Strategy session of three days)with 97%average attendance.Business and financial resultsOngoing business,financial statements and information delivered to the market,and ESG strategy.Strategy and investmentReview of strategic priorities,including during the Strategy sessi
316、on,and authorization of significant acquisitions and disposals(over 250 million).Risks and complianceRisk mapping,business continuity plan,and ethics&compliance framework.Corporate governanceComposition of the Board and its committees,succession plan for Corporate Officers,compensation of Corporate
317、Officers,Long-term incentive plan,preparation of the Annual General Meeting.Board committeesGovernance&Remunerations Committee9 meetings*5 members80%independent93%average attendanceAudit&Risks Committee6 meetings*4 members100%independent100%average attendanceInvestment Committee2 meetings5 members75
318、%independent*100%average attendanceDigital Committee5 meetings*5 members75%independent*83%average attendanceHuman Resources&CSR Committee6 meetings*4 members100%independent*100%average attendance*Excluding the Director representing the employee shareholders and Directors representing the employees.*
319、Including joint meeting with other committee.*The Director representing the employee shareholders and Directors representing the employees are excluded as per the French Commercial Code and AFEP-MEDEF Corporate Governance Code.Board committees Governance&Remunerations Committee Audit&Risks Committee
320、 Investment Committee Digital Committee Human Resources&CSR CommitteeCommittee Chair36Schneider Electric Universal Registration Document 2022|Integrated ReportS T R A T E G I C R E P O R TGovernanceA new governance effective on May 4,2023In accordance with the intention of the Board of Directors ann
321、ounced in 2021 to separate the functions of Chairman and Chief Executive Officer,the Board,at its meeting of February 15,2023,has decided to implement a new governance structure that splits the office of Chairman from that of Chief Executive Officer as of May 4,2023:Mr.Peter Herweck who was Chief Ex
322、ecutive Officer of AVEVA,will succeed Mr.Jean-Pascal Tricoire as Chief Executive Officer of Schneider Electric,becoming responsible for the general management of the Company,as the sole executive corporate officer;Mr.Jean-Pascal Tricoire will remain as Chairman,at the unanimous request of the Board
323、of Directors who wants to retain the benefit of his experience in significantly and successfully transforming the company over the past 20 years.“TheGovernance&Remunerations Committee,under the guidance of the Board of Directors,has conducted over the last four years a comprehensive robust process t
324、o propose a succession plan for the role of CEO.Several high-quality candidates were considered.Peters level of global operational experience,technology and software acumen,skills and personal qualities were assessed by the Board as being particularly in line with the Groups strategy.His appointment
325、 was unanimously approved by the Board of Directors with Jean-Pascal Tricoires full support”.Fred Kindle,Vice-Chairman&Lead Independent Director 1982-19871966Mr.Peter Herweck,incoming Chief Executive OfficerBiographyMr.Peter Herweck joined Schneider Electric,where he successfully led the global Indu
326、strial Automation Business,in 2016 before being appointed as Chief Executive Officer of AVEVA.Mr.Peter Herweck started his career as software development engineer with Mitsubishi in Japan,later joining Siemens,where he held several executive positions in Automation,Power Distribution and Building Te
327、chnologies,before becoming Chief Strategy Officer.Mr.Peter Herweck has a diverse,cross-cultural mindset,derived from leading teams in both mature and emerging markets.His passion for technology driving positive progress in term of energy efficiency for the world makes him a great candidate for the r
328、ole of Chief Executive Officer of Schneider Electric.Timeline“Passionate about technology driving efficiency and sustainability,allowing both progress and decarbonization.”Multi-decade industry experience in Energy Management and Industrial AutomationTechnology focus digital and softwareDiverse,cros
329、s-cultural mindset derived from leading teams in both mature and emerging markets20212016-20211993-20151991-19931987-1991AVEVAChief Executive Officer,Switzerland&UKSchneider ElectricExecutive Vice President,Industrial Automation,SwitzerlandSiemensExecutive Positions in Automation,Power Distribution
330、and Building Technologies&Chief Strategy Officer,China,USA,GermanyMitsubishi Electric CorpSoftware Development Engineer,JapanElectrical Engineering Metz University,France&Fachhochschule des Saarlandes,GermanyElectrician Stadtwerke Saarbrcken,GermanyBorn in GermanyRoles and Responsibilities ChairmanO
331、rganizes and directs work of Board,presides over AGMsSupports the Company in its high-level relations with select stakeholders(notably in Asia),in coordination with CEOPromotes Companys values and culture in particular in relation to Environmental,Social and GovernanceAdvises CEO,notably on strategi
332、c,human capital and leadership development mattersVice-Chairman&Lead Independent DirectorConsulted by the Chairman on agenda and sequence of events for Board meetingsHas the ability to require that the Chairman convene a Board meetingDeals with any possible conflicts of interestCarries out annual as
333、sessments of the BoardChief Executive OfficerHas sole authority to bind the company toward third partiesDefines and proposes the StrategyManages the CompanyRuns the BusinessDevelops human capital and leadership37Life Is On|Schneider Electric|Integrated ReportS T R A T E G I C R E P O R TC H 1C H 2C H 3C H 4C H 5C H 6C H 7C H 8C H 9I N T E G R A T E D R E P O R T6.8%3.8%80.0%2.1%7.3%Our Executive C
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