Internet Explorer, Chrome Browser, Firefox Browser, Safari Browser
Press Release16 May 2023Siemens AGMunich
Chemical industry to partner with Siemens for pilot to decarbonize its supply chain
In a pilot project, the two partners are combining their expertise and aim to demonstrate the scalability of PCF data exchange across an entire industry, which is a decisive step for decarbonizing the sector. The Sigreen solution will be piloted and provide learnings for the exchange of PCF data in the chemical industry. It can then be deployed across the TfS members, contributing to further improve their expertise as pioneers in the PCF field.
“The partnership with TfS is a major step for the global chemical industry. We're helping an entire sector become more sustainable! This is a blueprint for other industries,” said Roland Busch, President and CEO of Siemens AG. “Sigreen allows companies exchange emissions data from their supply chain securely and confidently. With this information, they can make better decisions to reduce their carbon footprint.”
“Sigreen will equip us with the solution for embedding our Product Carbon Footprint Guideline in operations at scale. This will enable us to tackle the chemical industry’s scope 3 challenge. TfS members, their suppliers and customers are looking forward to piloting the data sharing solution offered by Sigreen. A trusted environment where all partners can safely share their PCF data powered by the Together for Sustainability PCF Guideline is a vital step and accelerator in driving decarbonization across the chemical industry,” said Bertrand Conquéret, President of Together for Sustainability.
Sigreen enables the secure and trustworthy exchange of PCF data throughout the supply chain. This information can then be combined with the data from a company’s own value creation processes to determine carbon footprints and enables companies to take targeted reduction measures with a quantifiable effect. Sigreen supports companies on their journey to climate-neutral value chains and enables them to leverage sustainability as a decisive competitive factor. Depending on the degree of vertical integration, the upstream supply chain accounts for up to 90 percent of emissions (Source CDP 2022 Global Supply Chain Report) and Sigreen allows for this important integration across the value chain.
Chemical industry as a pioneer in product-level environmental data
All TfS members are committed to decarbonizing their supply chains. In 2022, TfS launched the PCF Guideline harmonizing the different approaches used within the industry to calculate carbon footprints.
With Sigreen, an existing standardized PCF exchange solution is now being introduced across the chemical industry. It enables the next logical step to use supplier-specific data to determine and manage product-specific carbon footprints throughout the supply chain. Users benefit from the cross-industry approach. The Sigreen solution is part of the Siemens Xcelerator portfolio – the open, digital business platform that enables companies to accelerate their digital transformation.
For further information on Sigreen: www.siemens.com/sigreen
For further information on Together for Sustainability: https://tfs-initiative.com, and on LinkedIn
For this press release
Follow us on Twitter
Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
In fiscal 2022, which ended on September 30, 2022, the Siemens Group generated revenue of €72.0 billion and net income of €4.4 billion. As of September 30, 2022, the company had around 311,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Together for Sustainability (Brussels, Belgium) is a procurement-driven initiative created by chemical companies with the goal of assessing, auditing, and improving the sustainability practices within their supply chains. The program is based on the UN Global Compact and Responsible Care® principles. TfS is a global organization with regional representation in Asia, North and South America. TfS develops and drives innovative responsible sourcing solutions through the global chemical industry. The 47 TfS members represent a global turnover in the chemical industry of over €800billion and a global spend of over €500billion. www.tfs-initiative.com