Siemens has released its 2024 Sustainability Report, highlighting its progress towards achieving its ambitious sustainability targets. The company has achieved seven of its 14 targets ahead of schedule, including decarbonization, equity, and employability. For the first time, Siemens’ products and solutions enabled customers to avoid more emissions than the company generated in its entire value chain. The company has also made significant progress in reducing its own CO2 emissions, exceeding its intermediate goal of a 55% reduction from own operations by 2025. Siemens is committed to achieving a 90% reduction in CO2 emissions in its own operations and reaching net-zero greenhouse gas emissions across its value chain by 2050.
The company is also focusing on resource efficiency, with its eco design standard achievement rate increasing to 54%. Siemens has launched the EcoTech label to promote the circular economy and drive resource efficiency across industries. Additionally, the company is developing business practices for the future, including the responsible development and deployment of artificial intelligence. Siemens is also prioritizing employability, investing in lifelong learning and continuing education, and promoting equity, with 32% of top managers being female.