Our Sustainability report: strong results, continued acceleration
We have achieved further progress towards meeting our sustainability ambitions. At our Capital Market Day in June 2021, we set ourselves ambitious environmental, social and governance (ESG) targets with our new strategic framework DEGREE. In our Sustainability Report for fiscal 2021, we have published information today on our progress toward achieving these targets.
Overview on our Sustainability activities
Mission & Strategy
As a technology company, we are driven by the aspiration to address the world´s most profound challenges by leveraging the convergence of digitalization and sustainability.
- DEGREE Sustainability Framework
- Contribution to the UN Agenda 2030
- Responsible Business Conduct
Technology with Purpose
As a focused technology company, we create technology that combines the real and the digital worlds and empowers our customers to positively transform the industries that form the backbone of our economies – industry, infrastructure, transport, and healthcare.
Every day, Siemens creates impact by providing innovative solutions tackling challenges in the areas of environmental protection, decarbonization, health and safety. Innovative solutions that have one clear goal: making the world a more livable, sustainable and inclusive world.
For almost 175 years now, Siemens provides innovative technologies with the aspiration to improve the lives of people all over the world.
“Sustainability is in our very DNA. It’s not an option. It’s a business imperative. Based on our successful track record, we’re now setting ourselves even more ambitious targets. We’ll accelerate our efforts and raise the bar to create considerably more value for all our stakeholders. Sustainable business growth goes hand in hand with the value we create for people and our planet.”
Judith Wiese, Chief People and Sustainability Officer (CPSO), Member of the Managing Board of Siemens AG and Labor Director
DEGREE – A clear framework for Sustainability
At Siemens, we are taking our ESG commitment to the next level with our DEGREE framework. It constitutes a 360-degree approach for all stakeholders – our customers, our suppliers, our investors, our people, the societies we serve, and our planet. In addressing the three aspects of ESG, we are building a better future that helps us stay within the planetary boundaries, helps us foster a culture of trust, empowerment and growth, supports inclusive economic opportunities, and ensures our people and businesses remain resilient and relevant for whatever the future holds.
We have set clear, very ambitious priorities for core ESG topics that we will drive internally within own operations as well as together with our customers. The DEGREE framework is built on our strong track record and on our technology with purpose that is fully embedded in our business strategy. At Siemens, we want to advance sustainability by creating value for all our stakeholders, driving sustainable growth with our customers, and creating a better tomorrow.
- Press Release: Siemens to accelerate high-value growth as a focused technology company
- Linkedin article “Every DEGREE counts” from Judith Wiese
Our contribution to the SDGs
UN Agenda 2030 for Sustainable Development
Siemens is committed to contributing to the SDGs through its products and solutions, its responsible business practices in ~200 countries, through strategic partnerships and targeted community activities.
Find out more.
Responsible Business Conduct
We at Siemens aspire to be role models and act in the interest of our company as well as our stakeholders. Responsible business conduct plays a vital role in our company’s aspiration to make ethical and responsible decisions in the interest of all our stakeholders. This encompasses our high standards in environmental management, the respect of human rights throughout the entire value chain as well as our determination to foster reliability, fairness and integrity within our own operations and beyond.
Sustainability is a core element of our supplier management. The Code of Conduct for Siemens Suppliers and Third Party Intermediaries defines our sustainability standards and principles for our suppliers and partners.
Respect of human rights is an integral part of our responsibility. Embedment of human rights due diligence and regular assessments of material human rights topics play an important role in our human right program.
Siemens business is clean business. Our compliance system comprises comprehensive measures to ensure our business is carried out in full accordance with the law as well as with our internal principles and rules.
Our environmental protection efforts are targeted at driving decarbonization along the value chain and achieving highest standards of environmental protection, circular economy and responsible product design.
Regulations and reporting channels
The Business Conduct Guidelines contain the basic principles and rules governing the way we act within our company and in relation to our partners and the general public. They include the requirement to comply with applicable laws at all times. Siemens shows zero tolerance toward corruption, violations of the principles of fair competition and other breaches of the law – and where these do occur, we take swift action. This applies worldwide and at all levels of the organization. We provide various ways for internal and external parties to report any compliance violations. Tell Us, the Ombudsperson and accounting complaints are protected channels that Siemens employees and external stakeholders can use to raise concerns about possible violations, confidentially and if desired, also anonymously.