Siemens: Sustainability as an existential challenge

Siemens headquarters in Munich

The new headquarters, which opened five years ago, is particularly energy-efficient.

(Photo: dpa)

Munich Siemens wants to enforce more sustainability in its supply chains and significantly reduce CO2 emissions. “We buy for 28 billion euros every year, that’s a strong lever,” said sustainability boss Jenny Bofinger-Schuster the Handelsblatt. Siemens wants to reduce CO2 emissions in the supply chain by 20 percent by 2030, and it should be climate-neutral by 2050.

The technology group announced six years ago as one of the first large companies in the world that it wanted to be climate neutral by 2030. According to the sustainability report for 2020/21 (September 30), which Bofinger presented on Thursday, the group has even been able to reduce operational CO2 emissions by 26 percent in the past two years.

Siemens had set itself 14 ESG goals – from requirements for suppliers to the proportion of recycled raw materials and the proportion of women in top management.

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