One year after the launch of its decarbonization program, Siemens is already making significant advances in reducing its carbon footprint. The company was able to cut its CO2 emissions from 2.2 million tons in fiscal 2014 to 1.7 million tons in fiscal 2016. A major portion of the carbon dioxide savings – 200,000 tons – were achieved at locations in Germany. With the aid of Siemens solutions, the company’s customers worldwide succeeded in reducing their CO2 emissions by 521 million tons in fiscal 2016. This amount is equivalent to more than 60 percent of Germany’s annual carbon dioxide emissions.
In September 2015, Siemens announced its intention to cut the carbon footprint of its operative business in half by 2020 and to become climate neutral by 2030. To achieve this, Siemens is focusing on four levers: energy efficiency, decentralized energy systems, intelligent e-mobility solutions and the purchasing of clean electricity. Siemens is investing €100 million in improving the energy efficiency of its own buildings and production facilities with expected annual savings of about €20 million from 2020 onwards. Since the program launch, Siemens has managed to reduce its CO2 emission by more than 25%. In 2016, Siemens joined the Carbon Pricing Leadership Coalition (CPLC).
“Decarbonization is absolutely essential in order to halt climate change and its dramatic consequences,” said Roland Busch, the member of Siemens’ Managing Board who is responsible for sustainability. “The Paris Agreement on climate change has gone into effect, and the commitments now have to be fulfilled by taking concrete action. The global economy must consistently drive this process and demonstrably reduce CO2 emissions in all sectors,” continued Busch.
Investments in environmentally friendly technologies pay off because they are usually amortized within a few years. Siemens, for instance, expects that an investment of €100 million in improving the energy efficiency of its own buildings and production facilities will lower energy costs by about €20 million a year beginning in 2020.
Siemens’ biggest contribution to climate protection is its Environmental Portfolio, which bundles the company’s technologies in the areas of renewable energies and energy efficiency. In fiscal 2016, the Environmental Portfolio generated revenue of €36 billion, or 46 percent of Siemens’ total revenue.