Siemens Energy Sustainability Profile
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 63% 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 greenhouse gas emissions of approximately 9,238,000,000 kg CO2e across all scopes. This includes 175,000,000 kg CO2e from Scope 1, 22,000,000 kg CO2e from Scope 2, and a significant 9,038,000,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 197,000,000 kg CO2e. For the previous year, 2023, Siemens Energy's emissions were slightly lower, with Scope 1 emissions at 160,000,000 kg CO2e, Scope 2 at 20,000,000 kg CO2e, and Scope 3 remaining high at 9,230,000,000 kg CO2e, leading to a total of approximately 9,410,000,000 kg CO2e. 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 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 contributing to global climate goals while enhancing the sustainability of its operations and product offerings.
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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 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Siemens Energy's Industry?
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Siemens Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Siemens Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Siemens Energy's sustainability data and climate commitments