Great people make Schneider Electric a great company Confidential | Property of Schneider Electric Leadership and culture 2020 vision The objective of this document is to describe to internal and external stakeholders what defines the DNA of Schneider Electric’s leadership and culture. • • • • Our Company Our Leadership Our People and Culture Our Team Playbook Confidential | Property of Schneider Electric | Page 2 Our Company Our mission Do a great job for our customers • • Create the best products and solutions. Simplify the customer experience. Our mission is unique and focused • • • Our technologies make sure Life Is On everywhere, for everyone, at every moment. As a global specialist in energy management and automation, we help our customers to make their lives and ecosystems safe, reliable, efficient, and sustainable. We address our customers by end markets, offering the largest portfolio of our industry, and we bring value through the expertise of our businesses. Confidential | Property of Schneider Electric | Page 4 This is what defines Schneider Electric: • • We are a technology company, and we innovate. We are a global company with a unique local presence. What makes us really different? • • • • We are obsessed with taking our customer relationships to the next level, leveraging digital to make this happen. We believe in partnerships and growing our businesses together. We believe in people. Sustainability is at the core of our strategy. Environment, ethics, social responsibility, and community engagement are at the top of our agenda. Confidential | Property of Schneider Electric | Page 5 Our customers see our company through our people Customers work with us and come back because we have: • • • The best knowledge of their business The best knowledge of our technology The best capability of creating and delivering together our collective know-how We want to be an active contributor to our customers’ ecosystems in each of our four businesses. In the end, customers prefer us because we are simple to do business with. Confidential | Property of Schneider Electric | Page 6 We create the right environment for our employees We help them deliver the best of Schneider to our customers, thanks to: • Accessible leaders who decide quickly and are exemplary in building teams, collaboration, and business • Accountable people who are moved by a common culture and purpose • Superior teamwork enabled by our organization, with the right balance of freedom and process and the speed to move from innovation to execution Confidential | Property of Schneider Electric | Page 7 Our Leadership A great place to work is truly about working with great people It is a place where great people work as a great team. Great people stimulate, develop, and make one proud to belong to such a community. Finding and developing great people is the task of our leaders. Confidential | Property of Schneider Electric | Page 9 We expect our leaders to be: 1. Business developers. Our leaders are obsessed with growth. They allocate time to think, design differentiated strategies, and focus on detailed execution of operational plans. 2. Team builders. The job of our leaders is to build great teams and develop great people. A leader is like a coach. When we look at the team, we see the truth of the leader. 3. Team players. Our leaders display trust and a positive attitude in interacting with other leaders. They are builders of bridges and not of walls. They are easy to do business with. Confidential | Property of Schneider Electric | Page 10 We expect our leaders to be: 4. Role models. They always put the interest of the company before their own entity or personal interest. They exemplify our values. 5. Great professionals. They know the business and technology inside out. We train them to be experts in their domain. 6. Decision makers. They prioritize and simplify. Developing into a leader is a mix of hard work, performance, career planning, talent, timely choices, luck, and courage. We want stars in leadership, not those who behave with an inflated view of themselves Confidential | Property of Schneider Electric | Page 11 Our People and Culture Our people are passionate about doing a great job They drive performance with a strong set of values. Our goal is to make people employable and recognized as the best professionals in their industry. They are more capable and more engaged than their peers in the industry. They are trained to the highest level with: • • • • Impeccable onboarding, including when they change teams or functions internally A training program to prepare them for the mission they have to accomplish A strong mentoring approach so that they learn fast A social network to collaborate and learn from each other Confidential | Property of Schneider Electric | Page 13 We take risks on people • • • People are offered opportunities and mobility. They can move after three years in the same position in the company. We will privilege longer tenure for some specific jobs where experience matters and protects our customers. Our people have control over their own careers. We value mutual loyalty, and it is a characteristic of our company. • But we want win-win loyalty. Unlimited loyalty to a failing company or to an ineffective employee is not productive. Confidential | Property of Schneider Electric | Page 14 We strongly believe that effectiveness at work and personal well-being are linked • Well-being creates performance and performance generates well-being. • We reinforce the agility of our teams to better cope with permanent changes. • Our teams are not afraid of stress because they are trained and coached to face it. Confidential | Property of Schneider Electric | Page 15 We cultivate diversity and inclusion It’s important for our teams to be diverse in nationality and gender. To achieve diversity, we make defining choices: • • • The choice of English as a common language, which we adopt when people do not speak the same language The choice of multipolar teams and global roles located throughout the world The choice of recruiting more people coming from diverse backgrounds (education, experience, gender, nationality) in our teams People can be managed remotely when necessary, but there should always be a local line of management to address day-to-day issues and ensure the inclusion of all in local Schneider events. Confidential | Property of Schneider Electric | Page 16 We have strong distinctive values We express these values in the way we act every day. • We are straightforward. We do what we say and we communicate in simple ways. We behave with integrity. • We challenge ourselves and others to rethink what is expected. We are agile and move at the speed of change. • We are open. We value differences. We listen. We learn, connect, and collaborate with others. • We are passionate about our customers, our people, our business, and our technology. We are positive in our approach to finding solutions that better our lives. • We are effective. We deliver on promises. We are pragmatic and fast, and we compete to win. Confidential | Property of Schneider Electric | Page 17 We want to create a high-performance culture We must progress in four areas: • Customer centricity. We live for customers. Satisfying them should be our obsession. They are our only source of revenue and our “raison d’être.” • Innovation. We must lead and transform our industry. We think big (1000%). • Speed. We must create a sense of urgency and move quickly. We will always privilege speed over perfection. • Trust each other. We win or lose as a team. Our customers will recognize us for this distinctive culture. Confidential | Property of Schneider Electric | Page 18 Our Team Playbook Our team playbook is about agility over control We define concisely a strategy, giving guidelines to all managers for execution. We trust each other. We try to delegate as much as we can to others when there is an opportunity of efficiency and speed through specialization and mutualization. We believe in people and empowerment over control. We believe in intelligence, freedom, accountability, and trust. We maximize freedom and streamline processes. We eliminate systematically counter-productive processes. Freedom is innovation, and process is scalability. Confidential | Property of Schneider Electric | Page 20 We enforce clear accountability and embrace efficiency We hate consensus-building meetings and large, long meetings in general. We believe in tactical agility and tight alignment. Our leaders delegate and organize to make sure they are not bottlenecks. We evaluate performance more and more through other proxies than profit and loss (P&L), because multiplication of P&L creates complexity and obstacles to collaboration. Confidential | Property of Schneider Electric | Page 21 Great people make Schneider Electric a great company Our vision on Leadership and Culture Confidential | Property of Schneider Electric | Page 22
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