Driving decarbonizationOur world is changing, and so should we.
Our world is changing, and so should we.
The implications of climate change paired with the increase in energy demand result in major challenges for our planet. As temperatures climb globally, roughly 770 million people still do not have access to electricity, the heart of energy supply systems and long-range growth. And as we look into the future, we see even more reason to take sustainable action. Studies show that global energy demand could rise as much as 25% through 2040 – along with increased level of climate damaging greenhouse gases.
For this reason, the central question facing Siemens Energy is this: How can we fulfill our task of meeting the growing demand for electricity worldwide and at the same time take on the responsibility of actively shaping the path to a climate-friendly future – in a sustainable, affordable and reliable manner? In short: How can we successfully implement a decarbonization journey that benefits our customers, societies at large and ourselves?
At Siemens Energy, we’re supporting our customers in transitioning to a more sustainable world using our innovative technologies, extensive experience, and an ambitious strategy to drive the decarbonization of global energy systems.
Our emission reduction targets have been approved by the Science Based Targets initiative (SBTi). The initiative drives ambitious climate action in the private sector by enabling companies to set science-based emissions reduction targets.
An important step in our journey to energize society includes decarbonizing our business activities along our entire value chain. This includes our supply chain, operations, and portfolio. These decarbonization activities enable us to contribute to the UN Sustainable Development Goals (SDGs), in particular SDG 7 “Affordable and Clean Energy” and SDG 13 “Climate Action”.
Our biggest lever for decarbonization is through our portfolio, which is able to make a valuable contribution to the energy transition by reducing emissions at our customers. Furthermore, our decarbonization efforts concentrate on our supply chain and own operations.
Combining conventional and renewable energy systems are the keys to meeting the world’s needs for sustainable, reliable, and affordable power. Combating climate change and addressing increasing energy demands are top priorities.
We have committed to become climate neutral in own operations by 2030 and have launched a Climate Neutral program to achieve this ambitious target.
Our levers are:
- Using renewable electricity: 100 % of Siemens Energy’s global electricity shall be met by power from renewable sources by 2023
- Reducing energy consumptions by energy efficiency measures and electrification
- SF6-free Blue Portfolio to eliminate emissions along the value chain
- Low-carbon mobility concepts
We’re partnering with our suppliers to decarbonize our supply chain.
In 2020, we initiated a Carbon Reduction@Suppliers pilot project with an external service provider who developed an economic model that identifies the CO2 footprint of all suppliers.
Based on this model, Siemens Energy encouraged 35 suppliers from around the world to learn about their implemented and planned CO2 reduction measures.
80% of these suppliers successfully conducted our Carbon Web Assessment which confirms their awareness and interest, e.g. by having CO2 measures already implemented and with more to come in the following years.
We’re using data analysis from the applied methodology and are continuing to further develop our approach to reduce emissions in collaboration with our suppliers.