The Siemens sustainability report has been published. The global technology company reports its results annually in the so-called in the framework of DEGREE. This sets measurable targets and indicators in the areas of decarbonisation, ethics, corporate governance, resource efficiency, equality, employability.
The 2024 results include that for the first time, the company’s products and solutions avoided more emissions than were generated by Siemens’ entire value chain.
This is clear from the latest sustainability reportthat
- solutions sold in 2024 will prevent 144 million tons of greenhouse gas emissions during their life cycle, compared to 121 million tons of emissions for Siemens’ entire value chain.
- More than 90 percent of the company’s business activities result in a positive sustainability impact. The remainder comes from business activities in sectors such as oil and gas, coal mining or coal-fired power generation. Siemens aims to reduce this ratio.
- Compared to the 2019 base year, the company reduced CO from its own operations by 60 percent2emissions and aims to become carbon-free by 2030.
- Siemens supports and encourages its suppliers to improve their sustainability practices.
- The company’s own sustainability label, the EcoTech label, can already be found on more than 25,000 products. They are outstanding in terms of sustainable material use, optimal application and circularity.
- The company’s 327,000 employees spent an average of 27 hours each on digital learning, exceeding the goal of 25 hours per person set for 2025. Nearly 200,000 digital course materials are available for employees worldwide.
- 32 percent of Siemens’ senior managers are represented by women, which is an increase compared to 23 percent in 2020.
- Sustainability has been part of executive compensation since 2020.
Technology in the service of sustainability
Siemens pays great attention to ensuring that its technological developments also serve sustainability goals, especially in the following three areas: decarbonization and energy efficiency, resource efficiency and the circular economy, and people-centeredness and social impact. Some examples of these developments:
- Advanced manufacturing and circularity
Exploring the possibilities of automated battery recycling protects staff from the dangers of manual disassembly and reduces carbon dioxide emissions by up to 75 percent by ensuring the recycling of battery materials. - Connectivity and edge networks (Edge)
Automated quality control using sensor data in fresh food production requires powerful edge network computing and improves food safety and reduces food waste. - The future of automation
Using digital tests instead of physical ones reduces the number of prototypes, making the development of new products or even city districts more efficient and environmentally friendly. - Software systems and processes
Scalable and adaptable solutions for power grid monitoring and power outage management that increase the capacity of existing grids and help accelerate the energy transition. - Sustainable energy and infrastructure
In an energy efficiency project in Seestadt Aspern, Vienna, the combination of energy and building technologies reduces the carbon dioxide emissions of apartments by 70 percent.
Ethical standards and responsible business conduct are also present during the development and use of AI-based products, so that the company can provide responsible artificial intelligence.
Siemens sustainability report in its entirety by clicking this link is available.
Source: www.technokrata.hu
