Science Based Targets Initiative (SBTi) confirms Siemens Energy’s CO2 reduction targets

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 environment.”

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.

The emission reduction targets of Siemens Gamesa Renewable Energy (SGRE), a majority stake of Siemens Energy, were already confirmed by SBTi in 2020. For more information, please read the following press release: https://www.siemensgamesa.com/newsroom/2020/08/200826-siemensgamesa-press-release-sbti-carbon-emissions