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 46 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Siemens Energy's reported carbon emissions
In 2024, Siemens Energy reported total carbon emissions of approximately 9,238,000,000 kg CO2e, with emissions distributed across various scopes: 175,000,000 kg CO2e (Scope 1), 22,000,000 kg CO2e (Scope 2), and 9,038,000,000 kg CO2e (Scope 3). The previous year, 2023, saw similar figures with total emissions of about 9,230,000,000 kg CO2e, comprising 160,000,000 kg CO2e (Scope 1), 20,000,000 kg CO2e (Scope 2), and 9,230,000,000 kg CO2e (Scope 3). Siemens Energy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46% by 2030 from a 2019 baseline. Additionally, the company targets a 28% reduction in absolute Scope 3 emissions from the use of sold products by 2030, also based on 2019 levels. Notably, Siemens Energy has committed to sourcing 100% renewable electricity by 2023, up from 59% in 2019. These targets align with the Science Based Targets initiative (SBTi) and reflect Siemens Energy's commitment to addressing climate change through significant emissions reductions across all scopes. The company’s efforts are crucial in the electrical equipment and machinery sector, where it aims to lead by example in sustainability practices.
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| 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 | 00,000,000 | 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 participating in some of the initiatives that 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.
