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 9.3 billion kg CO2e, comprising 175 million kg CO2e from Scope 1, 22 million kg CO2e from Scope 2, and about 9.2 billion kg CO2e from Scope 3 emissions. This reflects a slight increase in emissions compared to 2023, where total emissions were approximately 9.2 billion kg CO2e, with Scope 1 at 160 million kg CO2e, Scope 2 at 20 million kg CO2e, and Scope 3 at about 9.2 billion 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 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 are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit temperature rise to 1.5°C. Siemens Energy's emissions data and reduction targets are sourced directly from Siemens Energy AG, ensuring accuracy and consistency in their sustainability reporting.
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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 | - | 0,000,000 | 0,000,000,000,000 | 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.
Rheinisch Westfalisches Elektrizitatswerk
Frequently Asked Questions
Common questions about Siemens Energy's sustainability data and climate commitments
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