Siemens continues to strengthen its leadership in sustainability, achieving key milestones outlined in the newly published 2024 Sustainability Report. The technology company has achieved seven of its fourteen ambitious targets ahead of time, for example in the areas of decarbonization, equity and employability. For the first time, Siemens products and solutions sold in fiscal 2024 enabled customers to avoid more emissions than Siemens had generated in its entire value chain. Since 2021 Siemens has defined its ambitions in its strategic sustainability framework DEGREE, a holistic approach with stringent and measurable KPI.
Detailing further on this development, Judith Wiese, Chief People and Sustainability Officer and Member of the Managing Board of Siemens AG, Judith Wiese said, “Together with our customers and partners we continue to make significant strides in applying technology with purpose. Technology is a powerful tool to solve the world’s most pressing challenges, and digitalization is a key enabler to support our customers and partners achieve their own sustainability goals. In 2024, we have continued to make strong progress towards our ambitious targets. We are committed to go even further, faster.”
The innovative Siemens offerings sold to customers in fiscal 2024 will, over the course of their lifetime, avoid around 144 million tons of greenhouse gas emissions. This is higher than the 121 million tons of emissions the company generated along its entire value chain in fiscal 2024.
According to Eva Riesenhuber, Global Head of Sustainability at Siemens, “Siemens is the right partner to accelerate the sustainability transformation. We offer our customers innovations to drive decarbonization, save resources and improve the lives of people around the world. Being power users of our own portfolio, we reduced our CO2e footprint by 60% since 2019, showcasing that it is possible to be more competitive, more resilient and more sustainable at the same time.”
