Overview
- Location
Germany
- Sector
Capital goods
- Description of organisation
Siemens AG is a publicly listed technology group. It is headquartered in Munich, Germany. In 2021 Siemens AG had 49,100 employees and reported a turnover of 15 billion Euros.
*Source here
- Organisation type
- Business
Company Information
Siemens AG is a publicly listed technology group. It is headquartered in Munich, Germany. In 2021 Siemens AG had 49,100 employees and reported a turnover of 15 billion Euros*
Our progress towards decarbonization
GHG Emissions
North Star
- Siemens AG has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2019
Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Climate Change 2022
How we want to achieve this – our roadmap
- Have an internal price on carbon
- Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
- Have an initiative in place to drive GHG emissions reduction through low-carbon energy consumption
- Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Climate Change 2022
Energy
North Star
- Siemens AG has a company-wide target to consume 100% of electricity from renewable sources by 2030 from a baseline of 58.0% renewable electricity consumption in 2019
Pledge: Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Climate Change 2022
How we want to achieve this – our roadmap
- Have a target to improve energy efficiency
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Climate Change 2022
Water
Our actions – the Pathway
- Publicly disclose data on water-related impact to investors through a public platform
- Have board-level oversight of water issues
- Regularly monitor and measure key water security metrics at least for 75% of the company's facilities
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Water 2022
Governance & Strategy
Our actions – the Pathway
- Publicly disclose climate and environmental data to investors and customers through a public platform
- Have board-level oversight of climate-related issues
- Have a process for identifying, assessing, and responding to climate-related risks and opportunities
- Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Climate Change 2022
Buildings
Our actions – the Pathway
- Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Climate Change 2022
Value chain engagement
Our actions – the Pathway
- Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues
MRV: Pact MRV in place
Status date: Submitted (28/07/2022)
Data source: CDP Climate Change 2022