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Press Release19 September 2024Siemens AGMunich
Siemens achieves Science Based Targets initiative (SBTi) validation for net-zero targets
The SBTi has
validated the following Siemens targets:
Siemens’ near-term targets
- For Siemens’s own operations: Reduce absolute Scope 1 and Scope 2 greenhouse-gas emissions by 90 percent by fiscal 2030 compared to the fiscal 2019 baseline.
- For the value chain, including upstream and downstream activities: Reduce absolute Scope 3 greenhouse-gas emissions by 30 percent by fiscal 2030 compared to the fiscal 2019 baseline.
Siemens’ long-term targets
- For Siemens’ own operations: Maintain a minimum absolute reduction of 90 percent, compared to the fiscal 2019 baseline, for Scope 1 and Scope 2 greenhouse-gas until fiscal 2050.
- For the value chain, including upstream and downstream activities: Reduce absolute Scope 3 greenhouse-gas emissions by 90 percent by fiscal 2050, compared to the fiscal 2019 baseline.
“Achieving
the SBTi Net-Zero Standard validation is a testament to our unwavering
commitment to sustainability and our leadership in driving the industry toward
a net-zero future,” said Eva Riesenhuber, Global Head of Sustainability at
Siemens AG. “This confirmation reinforces our sustainability ambitions and
amplifies our efforts to empower our customers and suppliers to create a
resilient, low-carbon world.”
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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at
www.siemens.com.