Sustainability at Siemens Energy

We have made significant progress towards our sustainability targets and continue to improve our sustainability performance

Sustainability is at the heart of our strategy and step-by-step, we are making our contribution to a successful energy transition. We are proud of the progress we have made across all areas of sustainability within Siemens Energy. Through performance reporting and storytelling, our sustainability report provides a comprehensive overview of our sustainability activities.

Sustainability Report 2023

At Siemens Energy we focus on continuous improvement. In FY23 we achieved our target of 100% share of renewable electricity by 2023 and we are on-track for achieving our decarbonization targets. Our share of women in top leadership positions also increased to 28% (fiscal year 2022: 22%), already surpassing the 25% women in top leadership positions by FY25 target.

Snapshots of our sustainability experts on their work

We do the math for sustainability

In a rapidly changing energy market, calculating the carbon footprint of Siemens Energy products requires a thorough and transparent approach.

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

Learn more about our sustainability activities

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.

ESG ratings & rankings

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.

This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

Rating: In August 2023, Siemens Energy received an ESG Risk Rating of 13.6 and was assessed by Sustainalytics to be at low risk of experiencing material financial impacts from ESG factors.

We have been recognized as one of the top performing companies rated by Sustainalytics and has has been included in the 2024 Top Industry List.

Performance: Siemens Energy’s ESG Risk Rating places it in the lowest risk group in the Electrical Equipment industry assessed by Sustainalytics.

 

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Rating: In February 2022, Siemens Energy received an ESG Performance Rating and was rated B-Prime.

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THE USE BY SIEMENS ENERGY OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF SIEMENS ENERGY BY MSCI.  MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY.  MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI. 

Rating: In October 2022, Siemens Energy received a rating of A (on a scale of AAA to CCC) in the MSCI ESG Ratings assessment.

 

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Rating: In Febuary 2024, Siemens Energy received CDP Climate Change Rating of A (on a scale of A to D-).

Performance: Leadership level - Implementing current best practices

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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.

EcoVadis

Rating: In September 2023, Siemens Energy has been awarded a Gold medal by EcoVadis with an overall score of 75 points out of 100.

Performance: Siemens Energy’s Sustainability rating places it at 98% percentile assessed by EcoVadis.

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NQC

NQC is a leader in supply chain risk management for the automotive, aerospace & defense and government.

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Our sustainability information

Siemens Energy Sustainability Report 2023
PDF (5 MB)
Sustainability at Siemens Energy - Summary 2023
PDF (1 MB)
Sustainability at Siemens Energy - Summary 2023 (DE)
PDF (1 MB)
Annual Report 2023 (incl. Non-financial Declaration)
PDF (4 MB)
Siemens Energy ESG Performance Overview 2023
PDF (75 KB)
Siemens Energy GRI Standard Index 2023
PDF (59 KB)
Siemens Energy SASB Index 2023
PDF (37 KB)
Siemens Energy Principal Adverse Indicators 2023
PDF (38 KB)
Siemens Energy Sustainability Report 2022
PDF (7 MB)
Sustainability at Siemens Energy - Summary 2022
PDF (1 MB)
Annual Report 2022 (incl. Non-financial Declaration)
PDF (3 MB)
Siemens Energy ESG Performance Overview 2022
PDF (184 KB)
Siemens Energy GRI Standard Index 2022
PDF (86 KB)
Siemens Energy SASB Index 2022
PDF (49 KB)
Siemens Energy Sustainability Report 2021
PDF (7 MB)
Sustainability at Siemens Energy - Summary 2021
PDF (4 MB)
Annual Report 2021 (incl. Non-financial Declaration)
PDF (3 MB)
Siemens Energy ESG Performance Overview 2021
PDF (114 KB)
Siemens Energy GRI Standard Index 2021
PDF (87 KB)
Siemens Energy SASB Index 2021
PDF (53 KB)
Siemens Energy Sustainability Report 2020
PDF (5 MB)
Siemens Energy Non-financial Report 2020
PDF (1 MB)
Siemens Energy ESG Performance Overview 2020
PDF (76 KB)
Siemens Energy GRI Standard Index 2020
PDF (225 KB)