- CO2 emissions to be cut 50 percent as early as 2020
- €100 million investment in improving energy efficiency
- Annual savings of €20 million expected
Siemens aims to be the world's first major industrial company to achieve a net-zero carbon footprint by 2030. The company plans to cut its carbon dioxide (CO2) emissions – which currently total about 2.2 million metric tons a year – in half by as early as 2020. To achieve these goals, Siemens will invest some €100 million over the next three years in order to reduce the energy footprint of its production facilities and buildings.
- MAX Orange Line between Portland and Milwaukie
- 18 light rail vehicles S70 type energy
- Energy storage system type Sitras SES
- Signaling and communication system
Today, TriMet's new MAX Orange Line, a light rail project between Portland and Milwaukie (USA), was officially inaugurated. Siemens advanced rail technologies are now operating on the Orange line including its S70 light rail vehicles designed and manufactured at Siemens Sacramento, California plant to move riders along the system, rail signaling and communication systems to help manage train operation, and the company's first Sitras SES energy storage unit in the U.S. that uses regenerative braking to sustainably power the line.
- 10,661 of 12,000 outstanding warrants will be furnished with option rights exclusively relating to Siemens shares
- The transaction will result in additional option rights relating to roughly 960,000 Siemens shares
Siemens has accepted the exchange offers submitted by institutional investors of bonds with warrants issued in 2012. The exchange offer started on August 26, 2015, and expired on September 11, 2015. In total, Siemens has accepted for exchange 5,236 warrants of the 2019 tranche and 5,425 warrants of the 2017 tranche. The financial result of the exchange is a replacement of option rights relating to Osram shares incorporated in these warrants with option rights to additional Siemens shares. Each new warrant gives a holder the right to subscribe to 1,902.0024 Siemens shares against payment of the exercise price of €187,842.81. This corresponds to an additional 90.0675 Siemens shares per warrant. The old warrants submitted for exchange will be cancelled.
- Recognized with top marks in nine categories in the Dow Jones Sustainability Index
- Company scores 90 out of 100 points
Siemens has again been recognized as one of the most sustainable companies in its industry. Each year, the investment company RobecoSAM compiles the Dow Jones Sustainability Index (DJSI) – the world's most renowned ranking of its kind – for Dow Jones, a provider of financial market indices. In this year's DJSI, Siemens ranks among the leaders by taking second place in the Industrial Conglomerates area, which comprises 43 companies, including General Electric, 3M, Philips and Toshiba.
- Siemens to install Trainguard MT Communications-Based Train Control (CBTC) rail automation technology on the Queens line
- Order worth about US$156 million
- Upgrades will increase number of trains and passenger capacity on one of New York City Transit's busiest lines
Siemens has been awarded a $156 million (130 million euros) contract by the Metropolitan Transportation Authority (MTA) to install Communications-Based Train Control (CBTC) on the Queen Boulevard Line, one of the busiest subway lines on the New York City Transit system. The radio-based CBTC technology provides real-time data on vehicle position and speed conditions, allowing system operators to safely increase the number of vehicles on a rail line. This results in greater frequency of train arrivals and allows MTA to accommodate more passengers on its system. The CBTC technology reduces the amount of wayside equipment and, as a result, reduces maintenance costs and service disruptions. Additionally, the technology precisely locates each train on the tracks and controls speed, improving safety for riders and employees.
- Offer addressed to institutional investors in the bonds with warrants issued in February 2012 with a volume of US$3 billion
- High complexity of warrants since Osram spin-off can be eliminated.
Siemens is inviting institutional investors in the bonds with warrants issued in February 2012 to participate in an exchange offer. Since the effective date of the Osram spin-off in July 2013, the warrants entitle their holders to receive, upon exercise, Siemens shares and additionally shares of Osram Licht AG. As a result, the warrants are now more complex for both investors as well as Siemens. The exchange offer aims to allow the involved parties to again furnish the warrants ‒ in accordance with their terms and conditions for the rest of their lifetime ‒ with subscription rights exclusively relating to Siemens shares.
- Three year funding of nearly US$4 million under the Siemens Integrity Initiative, supporting organizations and projects that are fighting corruption
- Project partners are the United Nations Global Compact and the OECD
- Support and collaboration for B20 Hub on Anti-Corruption Collective Action
The Basel Institute on Governance – together with its partners, the United Nations Global Compact and the Organisation for Economic Cooperation and Development (OECD) – has been awarded a three-year funding of nearly US$4 million under the second funding round of the Siemens Integrity Initiative. The funding will support the Basel Institute and the UN Global Compact in their joint mandate to develop and maintain the B20 Collective Action Hub, and the Basel Institute and the OECD's joint mandate to support the development of High Level Reporting Mechanisms in G20 countries, in a project entitled "Scaling up anti-corruption Collective Action: B20 Hub on Anti-Corruption Collective Action."
- Order volume for the consortium worth about 510 million euros
- Technology enhances safety, punctuality and capacity on the tracks
- Foundation for merging of European railway traffic
In a consortium together with the Cofely-Fabricom (GDF SUEZ) infrastructure development company, Siemens is to equip more than 2,200 track kilometers of the Belgian railway network with the ETCS European Train Control System, Level 2. The order was placed by Infrabel, the Belgian railway infrastructure operator. The order volume for the consortium is worth about 510 million euros. The ETCS European Train Control System constitutes an essential component for the merging of European railway traffic. It is designed to replace the more than 20 national automatic train protection (ATP) systems on the European continent and enhance network safety and capacity. The project is scheduled for completion by the end of 2025. The contract includes installation of the ATP system and the electronic interlocking equipment.
- Class 700 Desiro City train arrived at newly constructed depot
- Set to transform passenger experience on Thameslink rail routes
- Start of passenger service planned in Spring 2016
Today, the first brand new Siemens-built Class 700 Desiro City train arrived in the United Kingdom (UK). The trains are set to transform passenger experience on the Thameslink rail routes when it rolls into action next year. Designed to provide much-needed extra capacity on the South-East’s busy commuter routes, the train arrived at the newly constructed Three Bridges traincare facility near Crawley, West Sussex.
We released our third quarter results for fiscal 2015 on July 30, 2015. The combined press and analyst conference call was broadcast live.