Seven out of fourteen DEGREE targets achieved ahead of time: Decarbonization: 60 percent less CO₂e emissions in own operations since 2019, overachieving 55 percent 2025 target

December 2024 – 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 (Scope 1, 2 and 3 emissions)¹. Since 2021 Siemens has defined its ambitions in its strategic sustainability framework DEGREE, a holistic approach with stringent and measurable key performance indicators.

“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,” said Judith Wiese, Chief People and Sustainability Officer and member of the Managing Board of Siemens AG.

Siemens has a major impact in the area of environmental protection and decarbonization with customers in industry, infrastructure, transportation and healthcare. 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 (Scope 1, 2 and 3) in fiscal 2024.

“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”, said Eva Riesenhuber, Global Head of Sustainability at Siemens. “Being power users of our own portfolio, we have reduced our CO₂e footprint by 60 percent since 2019, showcasing that it is possible to be more competitive, more resilient and more sustainable at the same time.”

In its own climate protection efforts, Siemens continues to make significant progress in reducing CO₂e emissions from its own operations. The extensive investments announced in fiscal 2022 continue to have an impact, including the electrification of the vehicle fleet and using Siemens’ own technologies to improve the efficiency and electrification of production facilities and buildings. Siemens reduced its CO₂e emissions compared to the baseline year of 2019 by 60 percent, exceeding its intermediate goal – a 55 percent CO₂e reduction from own operations by 2025 – one year ahead of time. By the end of fiscal 2030, the company intends to achieve a 90 percent reduction in CO₂e emissions in its own operation and to reach net-zero greenhouse gas emissions across the value chain by fiscal 2050. The company's 2030 and 2050 emission reduction targets were validated by the Science Based Targets initiative (SBTi) in line with the more ambitious net-zero standard in fiscal 2024, reaffirming Siemens' commitment to achieve the main goal of the Paris Agreement in the fight against climate change.  

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