Siemens is making significant progress towards achieving its ambitious sustainability goals
- Siemens publishes its Sustainability Report for Fiscal Year 2023 which shows strong progress towards ambitious targets.
- Special operations CO2 emissions have been cut in half since 2019.
- Nearly 190 million tons of customer emissions were avoided through Siemens products and solutions sold in fiscal 2023 (24% improvement).
- €416 million was invested in training and continuing education worldwide through the Siemens Group (up 11%).
Siemens It has released its Sustainability Report for FY2023, which shows strong progress towards a number of goals. Since the base year of fiscal 2019, CO2 emissions within Siemens’ own operations have been reduced by half. Moreover, more than 90 percent of Siemens’ business enables customers to make a positive impact on sustainability: with the help of Siemens technologies sold in 2023, customers will avoid around 190 million tons of CO2 emissions, a figure 24 percent better than last year. . The last year.
«We have made significant progress towards achieving our ambitious sustainability goals“, he claimed Judith Wise, Member of the Board of Management of Siemens AG and Director of Human Resources and Sustainability. “We make an effective contribution to the fight against climate change and drive the sustainable transformation for our customers and our economies. Technology is the key to a sustainable future and people are the ones who develop this technology. In order to successfully transform society and the economy, future-oriented skills in digitalization and sustainability are crucial to meeting this challenge.“Siemens constantly invests in a culture of active learning to support sustainable employability in society. In fiscal year 2023, the technology company invested a total of €416 million in training and continuing education for its employees (fiscal year 2022: €375 million).
Degree: A 360-degree approach to environmental, social and governance (ESG) issues.
Siemens defines its environmental, social and governance (ESG) goals through the DEGREE strategic framework – which addresses sustainability from all angles. The technology company takes a holistic approach across six business areas: decarbonisation, ethics, governance, resource efficiency, equality and employability, with rigorous and measurable KPIs.
Siemens products and technologies will make significant progress in sustainability
The Siemens portfolio is ideally positioned as a key instrument for driving decarbonisation, protecting the global climate, improving resource efficiency and the transition towards a circular economy. “As a technology leader, we bring together the real and digital worlds. In this way, we enable competitiveness, resilience – and above all sustainability – for our customers around the world.“, He said Eva RiesenhuberGlobal Director of Sustainability at Siemens.
«More than 90 percent of our work enables our clients to accelerate their digital and sustainable transformation, supporting their efforts to achieve their sustainability goals.” added Riesenhuber. Siemens products and technologies are driving significant progress in decarbonization in the critical infrastructure, industry, healthcare and transportation sectors. These sectors are currently responsible for nearly three-quarters of global greenhouse gas emissions. The innovative products and solutions that Siemens sold to its customers in the financial year 2023 will avoid, over its lifetime, about 190 million tons of greenhouse gas emissions – a 24 percent increase in avoided emissions compared to the previous year.
Decarbonization and resource efficiency: a good starting point for achieving ambitious goals
Siemens is also making very good progress on its path towards achieving its carbon neutrality by 2030. In this sense, the significant investments announced by the company in 2022, especially in the use of proprietary technologies, are having a noticeable impact. For example, Siemens has halved the carbon dioxide emissions associated with its operations. Compared to the base year of 2019. As a result, the company is very well positioned to achieve its ambitious targets by the end of the financial year. By 2025, Siemens aims to achieve an effective 55 percent reduction in CO2 emissions from its own businesses. By 2030, the company plans to reduce these emissions by about 90 percent. By committing to the Science Based Targets Initiative (SBTi), Siemens supports the main goal of the Paris Agreement, thus making a strong effort and positive contribution to limiting global warming to 1.5 degrees. The company is also making big strides in resource efficiency: in fiscal 2023, Siemens implemented measures to improve waste management and reduce landfill waste by 15 percent compared to 2021.
Sustainable employability as a tool for successful transformation
When it comes to strategic learning, Siemens invests with a clear focus on digitalisation, sustainability and leadership education. The company is constantly working to improve professional learning and development, as well as professional retraining to achieve positive results. Siemens promotes a growth mindset and an inclusive and empowering culture to support people’s employability, sustainability and success in business. In fiscal year 2023, people working at Siemens globally completed an average of 23 hours of digital learning, two hours more than in fiscal year 2022. Using the “My Learning World” online platform, anyone working at Siemens around The world to choose from. More than 135,000 internal and external training offers.
Significant developments in property rights
Progress has also been made in strengthening ownership rights within the company. Even before the planned year 2025, Siemens has increased the proportion of women in leadership positions. In fiscal year 2023, women held 31% of leadership positions. In the reference year 2020, this number remained 23 percent. The progress was based, among other things, on measures taken from the company’s global equity programme, which focuses on equal rights and treatment in the application process and in promotions. Overall, women represented approximately 27 percent of Siemens AG’s global workforce in fiscal year 2023. More information on the topic of sustainability is available at the following link.
