To honor its responsibility and to consider
the importance of its products and solutions for decarbonizing energy systems
worldwide, Siemens Energy will henceforth report the emissions of GP’s sold
products during their entire use phase (scope 3 downstream). By 2030, these
emissions are to be reduced by nearly one-third. Already last year, the highly
regarded Science Based Targets initiative
(SBTi) verified that Siemens Energy’s emission reduction targets comply
with the Paris Agreement and thus contribute to limiting global warming to the extent stipulated in the
The assessment of the company’s
sustainability activities by CDP is another first: GP was rated B on a scale of
A to D.
Siemens Energy has made progress under its Climate
Neutral Program. The company has already announced that it wants to achieve climate
neutrality at its own operations by 2030. In line with the 1.5°C pathway of the
Paris Agreement, absolute emissions (direct and indirect emissions from its own
business activities, scopes 1 and 2) must decline by 46 percent until 2030. The company however
commits to achieving this interim target already in 2025, five years earlier
than originally planned.
As early as 2023, all the electricity used
at Siemens Energy will be green energy. In fiscal 2021, green electricity accounted
for 76 percent of the company’s total electricity use.
Siemens Energy has also set the ambitious target of
achieving a reduction of 30 percent per euro purchase value in relative
scope 3 upstream emissions in the supply chain by 2030.
Christian Bruch, CEO and Chief
Sustainability Officer of Siemens Energy says: “Climate change concerns all of
us. Governments, society, and businesses are responsible for combating global
warming. And while there are many stated targets and mandates, there is no ‘silver
bullet’ for the energy transition: we need a variety of technologies, including
gas. Siemens Energy covers the entire energy value chain. That’s why we’re the
partner of choice to help companies decarbonize their businesses”.
The Sustainability Report encompasses activities of the reporting
segments Gas & Power (GP) and Siemens Gamesa Renewable Energy (SGRE). However,
as a publicly listed company, SGRE communicates independently. For this reason,
this press release exclusively showcases examples from GP.