Europe | January 27, 2022

Siemens Energy issues Sustainability Report for fiscal year 2021

Germany, Munich: Siemens Energy presented on 25 January its Sustainability Report for fiscal year 2021.

 

Image for illustration purposes

Germany, Munich: Siemens Energy presented on 25 January its Sustainability Report for fiscal year 2021.

The report showcases what the company achieved in the previous fiscal year in the environmental, social and governance (ESG) areas while indicating where Siemens Energy can further improve.

To honour 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.

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  % 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 % of the company’s total electricity use.

“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,” said Christian Bruch, CEO and Chief Sustainability Officer of Siemens Energy.

Source: Siemens Energy