(Boursier.com) — The Ordinary and Extraordinary General Meeting of Schneider Electric was held on May 23, 2024, chaired by Mr. Jean-Pascal Tricoire, Chairman of the Board of Directors.
Main resolutions adopted:
The shareholders adopted all the proposed resolutions and thus approved:
– The distribution of a dividend of 3.50 euros per share for 2023, which will be paid on May 30, 2024;
– The various resolutions relating to the remuneration of the General Manager, the Chairman of the Board of Directors and the members of the Board of Directors;
– The renewal of the directorships of Mr. Fred Kindle, Ms. Cécile Cabanis and Ms. Jill Lee, as well as the appointment of Mr. Philippe Knoche as director;
– The appointment of Mazars and PricewaterhouseCoopers Audit as auditors responsible for the certification of sustainability information;
– The authorization given to the Board of Directors to purchase shares of the company.
Summary of the debates:
Jean-Pascal Tricoire started the meeting with an item on the agenda, but not the subject of a resolution put to the vote, concerning Schneider Electric’s climate strategy. This point was intended to present a report following the Say on Climate resolution which was approved by 97.7% of participating shareholders at the 2023 Annual General Meeting. After presenting the notion of “Energy Trilemma” and shared perspectives on the global energy system, Mr. Tricoire illustrated the implications of these trends on some of Schneider Electric’s key end markets, before detailing Schneider Electric’s carbon footprint in 2023. In 2023, more than 99% of the company’s carbon footprint came from its upstream and downstream “scope” 3 emissions. Finally, he reiterated Schneider Electric’s roadmap towards carbon neutrality, with the Group aiming to achieve carbon neutrality across its entire value chain by 2050.
Peter Herweck, Managing Director, then presented the key points of the “Capital Markets Day”, an event organized in November 2023, during which the Group detailed its strategy leading to the development of a unique portfolio, ideally positioned to benefit from the growth of sustainable trends: electrification, automation and digitalization. Mr. Herweck also outlined five structural megatrends – climate change, wealth evolution, energy transition, new global balance, digitalization and artificial intelligence – that are creating unprecedented opportunities within the end markets served by Schneider Electric.
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