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Press Release02 December 2021Siemens AGMunich
Sustainability at Siemens: strong results, continued acceleration
“We’re on
track to successfully achieve our sustainability targets, and we’re driving our
ambitions further ahead with our DEGREE framework,” said Judith Wiese, Chief People
and Sustainability Officer and member of the Managing Board of Siemens AG.
“Our 360-degree approach puts Siemens’ sustainability efforts to work for all our
stakeholder groups: customers and investors, our people, communities and the
environment. We’re proud of our results, but success will need to be proven in the long
run – and that’s the case for our company as well as society as a whole and for
the planet.”
Siemens has made
solid progress with respect to its 14 ESG ambitions and has already made
substantial headway toward realizing about one-third of them. Advances were made,
for example, in providing occupational training to its people, in the ESG
requirements for its suppliers and in the share of women in top management.
For the targets of ecodesign and secondary materials – in other words, for the sustainable development of products and the reuse of raw materials in manufacturing – Siemens has now completed the baselining process and can begin from a very good starting position: Today, 26 percent of Siemens’ ecodesign standards are already implemented in all of the company’s relevant products. With this approach, aspects like ensuring that products are recyclable are taken into consideration right from the design phase. By 2030, the company wants to develop 100 percent of its relevant product families sustainably based on ecodesign requirements. In addition, Siemens intends to intensify purchasing of recycled materials – referred to as “secondary materials” – for metals and resins and wants to implement the principle of a circular economy. Furthermore, the company is seeking to come as close as possible to zero landfill waste by 2030. In fiscal 2021, 38 percent of the metals that Siemens used to manufacture its products were already purchased from recycled sources.
Siemens also
made solid progress in its climate protection efforts. Over the past two years,
the company reduced the CO2 emissions from its operations by another
36 percent. In early 2021, the company had set itself new reduction
targets that were validated by the Science Based Targets-Initiative (SBTi). In
this way, the company wants to make its contribution toward limiting global
warming to 1.5 degrees Celsius. Based on the SBTi reduction pathway, Siemens
wants to become carbon neutral in its business operations by 2030. By that
year, the company also wants to reduce emissions throughout its entire value
chain by 15 percent compared to 2019.
In fiscal
2021, Siemens not only abated further emissions in its own operations but also helped
its customers do the same in their operations: The technologies from Siemens’
Environmental Portfolio enabled the company’s customers to abate 88 million
tons of CO2 – ten percent more than in fiscal 2020. In addition, by
introducing SiGreen to the market, Siemens is launching a new solution that,
for the first time, makes it possible to track products’ carbon footprint
throughout the entire supply chain. In this way, companies can implement
targeted reduction measures with quantifiable impact.
To
accelerate efforts to protect the climate and resources, Siemens is relying on strategic
partnerships. For instance, in 2021, the company became a founding member of
the Alliance for Clean Air. In addition, Siemens expanded its strategic
partnership with The Biodiversity Consultancy to scientifically assess its biodiversity
footprint and supplement its involvement in the area of sustainability.
Siemens has
been a leader in international sustainability rankings for more than 20 years.
In the Dow Jones Sustainability Index (DJSI) published on November 12, 2021,
for instance, the company was ranked first among its industry peers. In this
ranking, Siemens reached a top global position in social and environmental
reporting, in innovation and cybersecurity as well as in product- and industry-related
environmental protection. Siemens has been included in this ranking every year
since 1999, when the index was first published.
Siemens’ key
sustainability figures are, effective immediately, also available digitally and
in a new format to provided users and investors with better opportunities to
evaluate them.
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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 2021, which ended on September 30, 2021, the Siemens Group generated revenue of €62.3 billion and net income of €6.7 billion. As of September 30, 2021, the company had around 303,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Contact
Florian Martini
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany
80333 Munich
Germany
+49 (0174) 155 2072