This accolade is a testament to the company’s ongoing commitments toward innovation, sustainability, diversity, and inclusion.

Schneider delivers on these commitments through initiatives such as the Schneider Sustainability Impact (SSI) barometer that launched in 2005, expanding its climate change consulting services business, and working with suppliers to help them halve their carbon footprints by 2025. These achievements have been recognized through various external awards and rankings for more than a decade.

This year, Schneider Electric ranks third in the electronics industry, signifying its continuing commitment toward building a more electric, digital and decarbonized world.

“Being part of the World’s Most Admired Companies is a major achievement and a true reflection of our meaningful purpose and commitment to sustainability and innovation,” says Charise Le, Chief Human Resources Officer at Schneider Electric. “We are honored by this recognition and, as #SEGreatPeople, we will continue our journey to bridge progress and sustainability for all.”

Fortune’s annual ranking of the World’s Most Admired Companies is based on a survey of U.S. and global Fortune 500 companies that post the highest revenues in their respective industries. To determine the top performers across 52 industries, 3,820 executives, directors and analysts in those industries are asked to evaluate companies on nine criteria including investment value, quality of management and products, social responsibility, and the ability to attract talent.

Schneider Electric received high ratings for innovation and quality of products and services.

This recognition follows Schneider’s recent inclusion on Corporate Knights’ Global 100 list of the most sustainable corporations for the 11th year in a row, as well as global recognition from four ESG 2021 ratings, including the CDP Climate Change A list and Dow Jones Sustainability World Index.