Siemens
More information available in H2-2024

Current Score (vs. LY)

19.0 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Global: #168

DAX: #7

Industrials: #24

30.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

25.0%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 386,000424,000768,678
Scope 2 - location-based 755,000826,0001,046,673
Scope 2 - market-based 208,000253,000512,356
Scope 1-2 - location-based 1,141,0001,250,0001,815,351
Scope 1-2 - market-based 594,000 677,000 1,281,034
Scope 3 469,270,922507,691,93016,003,604
Total - location-based 470,411,922508,941,93017,818,955
Total - market-based 469,602,678 508,086,523 17,025,683

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 122,160,644469,602,678
Methodology Pre-calculated sector intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)


Emissions Trajectory not available



Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Siemens belongs to the sector Industrials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/02/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target Yes
Siemens is a member of the Business Ambition for 1.5 campaign (link here )

Siemens AG commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Siemens AG also commits to reduce absolute scope 3 GHG emissions 15% by 2030 from a 2019 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Siemens AG by zerotracker.net: May 14, 2023
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Must be high environmental integrity
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Offsets: 'We will then offset the remaining CO2 emissions with high-quality CO2 certificates to achieve our “Net Zero 2030” target.' (p77) "Siemens aims to reach a balanced CO2 record by 2030. To achieve this, the largest possible reduction of emissions is the means of choice. The remaining amount of CO2 emissions will be compensated by carbon credits." https://www.siemens.com/global/en/company/sustainability/carbonneutral.html We will then offset the remaining greenhouse gas emissions with CO2 certificates that meet established standards in order to keep our Net Zero 2030 pledge. We have also issued an internal guideline defining parameters for the subsequently necessary procurement of CO2 certificates, with an emphasis on high-quality CO2 certificates that meet established standards and make a positive contribution to the achievement of our Sustainable Development Goals, including those that are not related to climate protection (p69) https://assets.new.siemens.com/siemens/assets/api/uuid:c1088e4f-4d7f-4fa5-8e8e-33398ecf5361/sustainability-report-fy2022.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 9.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 10.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 0.0 10.0 -
Results 0.0 30.0 -
Total 19.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: None°C 0.0 / 10.0 -
Total 19.0 / 100.0 -


Available Data Sources

Reporting Year 2022 2021 2021 2020 2019
Source Wikirate (NV) NZPDU Yourstake NZPDU NZPDU
Publication Year unknown 2022 unknown 2021 2020
Scope 1 393,000 386,000 386,000 424,000 768,678
Scope 2 - location-based 189,000 755,000 755,000 826,000 1,046,673
Scope 2 - market-based NA 208,000 208,000 253,000 512,356
Scope 1-2 - location-based 582,000 1,141,000 1,141,000 1,250,000 1,815,351
Scope 1-2 - market-based NA 594,000 594,000 677,000 1,281,034
Scope 3 457,606,000 469,270,922 469,271,000 507,691,930 16,003,604
Total - location-based 458,188,000 470,411,922 470,412,000 508,941,930 17,818,955
Total - market-based NA 469,602,678 469,865,000 508,086,523 17,025,683

Sources

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog