www.se.com Schneider Electric Universal Registration Document 2021 314 Chapter 4 – Corporate Governance Report Competitiveness Principle 6: To benchmark the Corporate Officer’s compensation package “at target” in the median range of the Company’s peer group. Schneider Electric competes for talent in a global marketplace. Most of the Group’s key competitors are headquartered outside France. To reflect this, the International Peer group consists of 24 French, European, and US companies that are comparable to Schneider Electric in size or industry sector, or that represent a potential source of recruitment or attrition. Compensation levels for Corporate Officer are reviewed annually and benchmarked by reference to the median of this peer group to ensure they remain reasonable and appropriately competitive. This benchmarking is primarily used to establish a frame of reference for what competitors are paying to comparable roles, rather than as the main factor for making compensation decisions. The 2021 peer group comprises European and US-based companies: • Business competitors (in particular, those identified in the Long-term incentive plan as performance peers for TSR comparison purposes); • Talent competitors for operational and functional roles; and • “Acceptance” peers ( i.e. similar groups in terms of size, business, or structure). For 2021, the Board decided to replace Thyssenkrupp by BASF which size and geographical markets are more similar to Schneider Electric. Group 1: European (Capital Goods) Group 2: European (Construction) Group 3: European (Technology Hardware & Software) Group 4: European (Industrial B2B) Group 5: US (Capital Goods) Group 6: US (Technology Hardware & Software) ABB Atlas Copco Legrand Siemens CNH Industrial ACS Lafarge Holcim Saint-Gobain Vinci Dassault Systèmes Hexagon SAP TE Connectivity Airbus Group Air Liquide Bayer BASF Eaton Emerson Honeywell Johnson Controls Rockwell Automation Autodesk PTC Principle 7: To reference the CAC 40 third quartile and the Stoxx Europe 50 median. The Board reviews Corporate Officer’s compensation with reference to the upper quartile of the CAC 40 companies and the median of the Stoxx Europe 50 companies, in line with the Group’s position within these panels. Positioning relative to the market benchmarks Total compensation includes base salary, annual incentive at target, and IFRS value of Performance Shares granted during the year. Chairman and CEO compensation relative to the market benchmarks CAC40 Company Peer Group Stoxx Europe 50 3 rd quartile Median 1 st quartile 25% 50% 75% Compa Ratio vs Q3 vs Median vs Median 70 116 75 85 65 86 Base Salary Base Salary Base Salary Total Comp. Total Comp. Total Comp. 4.2 Compensation Report