Siemens Energy halves emissions in its operations
Siemens Energy has announced an improvement in almost all areas of sustainability this past year, as reflected in its fiscal year 2022 Sustainability Report.
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Germany, Berlin: Siemens Energy has announced an improvement in almost all areas of sustainability this past year, as reflected in its fiscal year 2022 Sustainability Report.
“Global demand for electricity will increase by 25% by 2030,” said Christian Bruch, CEO and Chief Sustainability Officer for Siemens Energy. “Satisfying this hunger for energy sustainably, safely, and affordably is one of the core tasks of our time. Our mission is to support our customers in their transformation to greater sustainability. But this also means we must set a good example and apply the highest standards in our operations. Our goal is to be a leader within the energy industry when it comes to sustainability, corporate governance, and social issues. We’re on a good path, but still a long way from where we want to be.”
One important reporting parameter across the entire value chain is greenhouse gas emissions. Here, a fundamental distinction is made between Scope 1 (emissions for which the company is directly responsible or in control, such as gas consumption), Scope 2 (indirect emissions through purchased energy, e.g., electricity consumption), and Scope 3 (indirect emissions in the upstream and downstream supply chain).
In its direct area of responsibility (Scope 1 and 2), Siemens Energy emitted 21 % fewer greenhouse gases in fiscal year 2022 than in the previous year. In fact, the company has reduced its greenhouse gas emissions in this area by 50 % since the baseline year 2019. The original target was to reduce emissions by 46 % by 2025. By 2030, Siemens Energy aims to be completely climate neutral.
Source: Siemens Energy
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