By investing in innovative technologies ‒ such as energy management systems and automation systems for buildings and production processes as well as energy-efficient drive systems for manufacturing ‒ Siemens expects to slash its energy costs by €20 million a year. "Cutting our carbon footprint is not only good corporate citizenship, it's also good business", said Joe Kaeser, President and CEO of Siemens AG.
To reduce its CO
2 emissions over the long term, the company will also apply three additional levers. First, it will use distributed energy systems at its production facilities and office buildings to optimize energy costs. Second, it will systematically employ low-emission vehicles and e-mobility concepts in its global car fleet. And third, it will move toward a clean power mix by increasingly tapping sources of energy ‒ such as natural gas and wind power ‒ that emit little or no CO