Siemens has achieved its declared intermediate target for carbon reduction.
The company has reduced the carbon footprint of its own value chain by more than half (54%) since 2014. Siemens has thus exceeded - by four percentage points - its goal of halving its global carbon dioxide (CO2) emissions by 2020. Including
'The pandemic has fundamentally changed our lives and has unsparingly revealed the weaknesses in our social, economic and ecological systems. To generate value responsibly, we need to create a sustainable future and harmonize the interests of people with the preservation of our planet. Decarbonization is an important milestone as we move toward this goal,' said
To embed the topic of sustainability even more solidly within the company, environmental, social and governance (ESG) criteria have also been introduced into the compensation system for the Managing Board. This Siemens-internal ESG/Sustainability index features three equally weighted key performance indicators (KPIs). For the company's 2020 Stock Awards tranche, these KPIs are: reduction of CO2 emissions (environmental), learning hours per employee (social), and Net Promoter Score for measuring customer satisfaction (governance). In a form similar to the system used with the Managing Board, the ESG criteria also apply to all senior managers worldwide who are eligible to receive the company's Stock Awards.
'Our recently achieved successes prove that sustainability and profitable business go hand in hand. In this way, we're creating long-term value - for our customers, our employees and society as a whole,' said
In addition, to take potential environmental and social risks into account earlier and more comprehensively, an innovative digital advance-warning system for making sales-related business decisions was introduced on
For years now, Siemens' sustainability commitment has also been garnering outstanding external recognition. In the well-known global Dow Jones Sustainability Index, the company again captured top ratings with the maximum number of points in numerous areas, including innovation, the environment - more specifically operational eco-efficiency and product stewardship - and the newly created cybersecurity category.
Siemens also received a rating of '
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Email: konstanze.somborn@siemens.com
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