Siemens is pleased to announce the confirmation of its updated emissions reduction targets by the Science Based Targets initiative (SBTi). Supporting the company’s commitment to fostering a low-carbon future, Siemens’ near- and long-term targets are now aligned with the SBTi Net-Zero Standard for Scope 1, 2 and 3 targets for 2030 and 2050. The SBTi Net-Zero Standard is the world’s leading framework for corporate net-zero target-setting in line with climate science. SBTi provides standards, guidance and tools for companies to set emissions reductions targets. This confirmation by the SBTi validates Siemens’ science-based net-zero approach which is fully aligned with the Paris Agreement.
The SBTi has validated the following Siemens targets:
Siemens’ near-term targets
- For Siemens’s own operations: Reduce absolute Scope 1 and Scope 2 greenhouse-gas emissions by 90% by fiscal 2030 compared to the fiscal 2019 baseline.
- For the value chain, including upstream and downstream activities: Reduce absolute Scope 3 greenhouse-gas emissions by 30% by fiscal 2030 compared to the fiscal 2019 baseline.
Siemens’ long-term targets
- For Siemens’ own operations: Maintain a minimum absolute reduction of 90%, compared to the fiscal 2019 baseline, for Scope 1 and Scope 2 greenhouse-gas until fiscal 2050.
- For the value chain, including upstream and downstream activities: Reduce absolute Scope 3 greenhouse-gas emissions by 90% by fiscal 2050, compared to the fiscal 2019 baseline.
“Achieving the SBTi Net-Zero Standard validation is a testament to our unwavering commitment to sustainability and our leadership in driving the industry toward a net-zero future,” said Eva Riesenhuber, global head of Sustainability at Siemens AG. “This confirmation reinforces our sustainability ambitions and amplifies our efforts to empower our customers and suppliers to create a resilient, low-carbon world.”
About Siemens
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry.
With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT.
