Siemens Energy
Siemens Energy, a leading global energy technology company headquartered in Germany, is at the forefront of the energy transition. Founded in 2020 as a spin-off from Siemens AG, the company has rapidly established itself in the power generation and transmission sectors, focusing on sustainable solutions. With a strong presence in Europe, North America, and Asia, Siemens Energy offers a diverse portfolio that includes gas and steam turbines, renewable energy technologies, and digital solutions. The company is renowned for its commitment to innovation, particularly in the development of hydrogen technologies and carbon capture solutions, which set it apart in the competitive energy landscape. Siemens Energy's dedication to sustainability and efficiency has positioned it as a key player in the global shift towards cleaner energy, making significant strides in reducing carbon emissions and enhancing energy security.
DitchCarbon Score
How does Siemens Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Transmission industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Siemens Energy's score of 44 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Siemens Energy's reported carbon emissions
In 2023, Siemens Energy reported total carbon emissions of approximately 160,000,000 kg CO2e for Scope 1 and 20,000,000 kg CO2e for Scope 2, while Scope 3 emissions reached about 9,230,000,000 kg CO2e. This reflects a continued commitment to reducing greenhouse gas emissions across all scopes. Siemens Energy has set ambitious targets to reduce its absolute Scope 1 and 2 emissions by 46% by 2030, using 2019 as the baseline year. Additionally, the company aims to achieve a 28% reduction in absolute Scope 3 emissions from the use of sold products by 2030. Notably, Siemens Energy has committed to increasing its annual sourcing of renewable electricity from 59% in 2019 to 100% by 2023, demonstrating a proactive approach to sustainability. The company's emissions data indicates a trend of decreasing emissions over the years, with Scope 1 emissions dropping from 266,000,000 kg CO2e in 2019 to 160,000,000 kg CO2e in 2023. This reduction aligns with their broader climate commitments and reflects their strategy to leverage their product portfolio to help customers reduce their emissions as well. Siemens Energy's climate initiatives are consistent with industry standards and underscore their dedication to addressing climate change through significant emission reduction targets.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 266,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 175,000,000 | 00,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Siemens Energy is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
