Overview on our sustainability activities
Sustainability Report 2021
By energizing society, we create lasting value for future generations. Learn more about our focus areas and goals in our new Sustainability Report 2021.
How to fight climate change now
Climate change is a major threat to humanity. As Siemens
Energy Chief Executive Officer and Chief Sustainability Officer Christian Bruch notes, the time has come to radically change and decarbonize our energy system.
Our CO₂ reduction targets align with the Paris Agreement
The Science Based Targets initiative (SBTi) has verified Siemens Energy’s emission reduction targets. The initiative confirms on a scientific basis that Siemens Energy’s CO₂ reductions contribute to limiting global warming to the extent stipulated in the Paris Agreement.
The power of being an ally
It’s an everyday occurrence that people are treated less favorably and are discriminated against due to their ethnic origin, gender, religion or ideology, disability, age, or sexual identity. This has to change.
Our sustainability program
Sustainability is an integral part of our company strategy. Our Sustainability Program focusses on the most relevant topics that help us achieve our ambition to become a sustainability leader in the industry whilst contributing to the United Nations’ Sustainable Development Goals.
At the core of the program is the goal to decarbonize energy systems along the entire value chain. Also, at our own operations we aim to continuously improve our performance.
Our businesses, regional entities and central functions will also implement this program. We want to be measured against our goals and performance and have selected strategic KPIs, on which we report in our annual Sustainability Report.
Alignment with the United Nations' SDGs
One thing is clear: Business as usual is not an option. It is critical to act now to protect the climate while meeting the growing energy demand.
With a strong and resilient portfolio along significant parts of the energy value chain, we are a partner of choice for our stakeholders and shaper of the energy transition worldwide. While supporting the company purpose “We energize society”, we contribute to most of the United Nations’ Sustainable Development Goals (SDGs) directly or indirectly. To ensure maximum impact, we focus our activities on SDG 5, 7, 8, 9, and 13.
The various ratings set different priorities on which they focus, e.g. some prioritize areas such as governance or decarbonization, others focus on the management of ESG risks – which means that the final ratings may vary.
Rating: In April 2022, Siemens Energy received an ESG Risk Rating of 16.4 and was assessed by Sustainalytics to be at low risk of experiencing material financial impacts from ESG factors.
Performance: Siemens Energy’s ESG Risk Rating places it 4th percentile in the Electrical Equipment industry assessed by Sustainalytics.
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We also collaborate with customers on platforms to share our sustainability performance with them. These platforms provide standardized questionnaires to assess companies against customers’ ESG requirements.