Dubai, April 30, 2012: Schneider Electric India has received the prestigious Golden Peacock Award for Corporate Social Responsibility (GPACSR) for the year 2012. The award, in recognition of Schneider Electric’s Corporate Social Responsibility Initiatives in the areas of Village Electrification, Electrician Trainings, Employment and Entrepreneurship was presented to Schneider Electric India by H.E. Mr. Juma Al Majid, Chairman of Dubai Economic Council & Founder Chairman of Juma Al Majid Group on 25th April 2012 at Dubai Global Convention 2012.
The Golden Peacock Awards, instituted by the Institute of Directors, are presented annually under various categories. The winners of the Golden Peacock Awards for 2012 were finalized by a panel of 4 judges which includes Dr. Ola Ullsten, former Prime Minister of Sweden; Lt. Gen Surinder Nath, PVSM, AVSM (retd.) former Vice Chief of Indian Army & former Chairman, Union Public Service Commission; Justice P N Bhagwati, former Chief Justice, Supreme Court of India; and Dr. A N Saksena, former Financial Advisor, Ministry of Petroleum & Natural Gas.
Schneider Electric won this award for its initiatives in the space of Corporate Social Responsibility which lie at the very core of the Schneider Electric culture and strategy. In addition to being a global specialist in energy management, Schneider Electric provides energy efficiency solutions wherever needed and the company’s achievements in the field of sustainable development are a real and essential opportunity for mobilization, growth, and differentiation.
The Golden Peacock award for Corporate Social Responsibility has been instituted to encourage international organizations to accelerate the pace of stakeholder oriented improvement processes. It is presented annually and requires companies to critically detail the strategy and philosophy for various initiatives taken to enhance their Triple Bottom Line Performance along with the evaluation strategy followed for existing initiatives. As a part of the process, Schneider Electric competed with some of India’s best organizations and was assessed by an eminent panel of juries including International strategists and members of the judiciary.
On the occasion of receiving the award, Mr. Olivier Blum, Country President, Schneider Electric India said, “The award is certain to inspire and encourage our large group of members of Schneider Electric India and the Corporate Social Responsibility team to intensify and extend their efforts to achieve greater success on all the three fronts – Economic, Social and Environmental.”
In addition to the Schneider Electric Foundation established to help people change their lives through ‘Access to Energy, Schneider Electric has developed a sustainable programme – BipBop for addressing the other end of the energy equation by developing access to reliable, affordable and clean energy for the people at the Base of the Pyramid. 1.4 billion people across the world have no access to electricity out of which 500 million live in India. With the strong willingness to involve local communities and local stakeholders in each country, the BipBop programme addresses critical issues to provide sustainable access to electricity.
The award application covered a detailed evaluation process where the evaluators recognize a variety of conditions under which an organization conducts its activities and consider these factors in their assessment of the organization’s performance against the assessment criteria. This is followed by a site visit, where the evaluators verify that the written submission truly reflects organization’s system and process. In the end, the evaluators shortlist organizations who are then invited to make brief public presentations, highlighting their major initiatives and achievements in that field and reply to any clarifications required by the final independent jury, before the winners are announced.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 130,000 plus employees achieved sales of 22.4 billion euros in 2011, through an active commitment to help individuals and organizations “Make the most of their energy.”
About the Golden Peacock Awards
The Golden Peacock Awards have been instituted since 1991 and have given tremendous boost to the Industry. For instance India’s manufacturing success today is attributed to the competition fostered by the award. The Golden Peacock Awards are now recognised worldwide as the hallmark of corporate excellence because of their independence, integrity, transparency and through evaluation of application provides opportunity for self-assessment and helps companies accelerate the performance and competition. All institutions whether public, private, non-profit, government, business, manufacturing and service sector are eligible to apply. Leadership Awards are determined through nomination. They provide not only worldwide recognition and prestige but also a competitive advantage in driving business in this tumultuous world under Golden Peacock Award models.