A key element of Siemens Energy's sustainability program, which was introduced last year, is its
target to become climate-neutral by 2030 (scope 1 & 2). The company aims to achieve this by
transitioning its own electricity consumption to 100 percent green energy by 2023 as well as
investing in its own operations.
Moreover, by 2030, greenhouse gas emissions of products (scope 3) in the Gas and Power segment
are to be cut by just under a third (27.5%) over lifetime compared to 2019. To achieve this, the
company will continue to promote, among others, increased efficiency of its products. To make a
significant contribution in the decarbonization of power grids, it will successively switch to SF6-free
products. In addition, Siemens Energy already put an end to new business with coal-fired power
plants last year.
Dr. Christian Bruch, Chief Executive Officer of Siemens Energy, says: “We believe that innovative
technologies are the key to combating climate change. The energy transition is a big change and
challenge but with much potential. We will all have to contribute and accept changes in our
SBTi is a partnership between the Carbon Disclosure Project (CDP), UN Global Compact, World
Resources Institute (WRI) and World Wide Fund for Nature (WWF). The initiative supports companies
in establishing scientifically based emission reduction targets.