Siemens Energy

Siemens Energy, a German company specialising in transmission services of electricity, has disclosed its carbon emissions and climate commitments.

For 2025, Siemens Energy anticipates its Scope 1 emissions to be about 172,468,000 kg CO2e. Its market-based Scope 2 emissions are expected to be approximately 21,992,000 kg CO2e, while location-based Scope 2 emissions are projected to be around 281,592,000 kg CO2e. Scope 3 emissions in 2025 are estimated to include approximately 1,385,215,415,000 kg CO2e from the use of sold products, about 9,001,585,000 kg CO2e from purchased goods and services, and roughly 778,396,000 kg CO2e from upstream transportation and distribution.

In 2024, Siemens Energy's Scope 1 emissions were approximately 175,000,000 kg CO2e. Market-based Scope 2 emissions for the same year were about 22,000,000 kg CO2e. Scope 3 emissions totalled roughly 1,342,880,000,000 kg CO2e, with about 1,333,642,000,000 kg CO2e stemming from downstream leased assets and approximately 8,395,000,000 kg CO2e from purchased goods and services.

Looking at 2023, Siemens Energy reported Scope 1 emissions of approximately 160,000,000 kg CO2e and market-based Scope 2 emissions of around 20,000,000 kg CO2e. Total Scope 3 emissions were about 1,107,600,000,000 kg CO2e, which included roughly 1,098,370,000,000 kg CO2e from downstream leased assets and about 8,456,000,000 kg CO2e from purchased goods and services.

For 2022, the company's Scope 1 emissions were approximately 188,000,000 kg CO2e, and Scope 2 emissions were around 27,000,000 kg CO2e. Scope 3 emissions for 2022 amounted to roughly 1,261,501,000,000 kg CO2e, with approximately 1,252,319,000,000 kg CO2e from the use of sold products and about 8,691,000,000 kg CO2e from purchased goods and services.

In 2021, Siemens Energy's Scope 1 emissions were about 206,000,000 kg CO2e, and Scope 2 emissions were approximately 67,000,000 kg CO2e. Total Scope 3 emissions were roughly 1,373,924,000,000 kg CO2e, including about 1,369,163,000,000 kg CO2e from the use of sold products and approximately 4,223,000,000 kg CO2e from purchased goods and services.

For 2020, Siemens Energy reported Scope 1 emissions of approximately 221,000,000 kg CO2e and Scope 2 emissions of about 71,000,000 kg CO2e. Total Scope 3 emissions were around 932,198,000,000 kg CO2e, with purchased goods and services contributing approximately 4,489,000,000 kg CO2e.

In 2019, Scope 1 emissions were approximately 265,722,000 kg CO2e, and market-based Scope 2 emissions were about 174,641,000 kg CO2e. Scope 3 emissions totalled roughly 1,394,995,396,000 kg CO2e, including approximately 1,500,111,422,000 kg CO2e from the use of sold products.

Siemens Energy has set Science Based Targets initiative (SBTi) approved commitments. The company aims to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using a 2019 base year. Furthermore, Siemens Energy is committed to reducing absolute Scope 3 greenhouse gas emissions from the use of sold products by 28% by 2030, also from a 2019 base year. An additional target includes increasing annual sourcing of renewable electricity from 59% in 2019 to 100% by 2023. Siemens Energy also has a specific target to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46% by 2025, compared to 2019. The company also aims for a 90% reduction of GHG from the use of sold products by 2030, relative to a 2023 base year, and a 30% reduction of relative Scope 3 GHG emissions in its supply chain by 2030, from a 2023 base year.