Better Health for All

Siemens Energy AG has achieved a 46% reduction in CO2 emissions from 2019 levels.

This significant mitigation effort positively impacts public health by improving air quality and reducing associated health risks. The company is also investing in additive manufacturing for turbine components, which enhances energy production efficiency and minimizes environmental impact, thereby promoting cleaner energy and contributing to public health. Furthermore, Siemens Energy explored collaboration to support reliable energy for healthcare facilities in China, aiming to improve healthcare infrastructure.

Fair Money & Economic Opportunity

Siemens Energy has implemented an Early Payment Program through the C2FO platform, allowing its suppliers, many of whom are small businesses, to receive early payments on their invoices in exchange for discounts

. This program supports the financial stability and growth of its suppliers .

Fair Pay & Worker Respect

Siemens Energy reported a Total Recordable Injury Rate (TRIR) for employees and contractors of 2.35 in fiscal year 2024

, but also recorded 6 fatalities in the same year . The company incurred two substantiated workplace safety violations with fines of $24,576 in 2021 and $16,131 in 2024 . The CEO to median employee pay ratio was 52:1 in fiscal year 2024 . Worldwide, 62% of employees were covered by collective bargaining agreements in fiscal year 2024 . The adjusted pay gap was 3.09% and the multi-question employee engagement factor was 79% in fiscal year 2024 . Voluntary employee turnover was 4.4% and 4.1% of employees were on temporary contracts in fiscal year 2024 . In 2023, the company faced allegations of labor rights violations by subcontractors in the UAE and a lawsuit in Washington in 2024 alleging failure to include wage scale and benefits in job postings .

Fair Trade & Ethical Sourcing

Siemens Energy requires all suppliers to adhere to its comprehensive Code of Conduct.

This code, which is enforced, emphasizes the prohibition of forced and child labor, fair remuneration, health and safety standards, environmental protection, and anti-corruption measures. It aligns with UN Global Compact Principles and OECD Guidelines for Multinational Enterprises.

Honest & Fair Business

Siemens Energy AG is currently under investigation for potential securities law violations, specifically regarding whether its statements about business and operations were materially false or misleading.

This followed the company's June 2023 announcement of increased failure rates in Siemens Gamesa's onshore wind turbine components, which are projected to incur additional costs exceeding €1 billion, and the subsequent withdrawal of profit guidance for fiscal year 2023. The company's supervisory board acknowledged the CEO's efforts in stabilizing the company despite these quality issues. Siemens Energy has also launched an EcoTech label to promote sustainability transparency in its products and highlights efforts towards ethical practices and transparency in its Sustainability Report.

Kind to Animals

No specific, concrete data points were found in the provided articles to assess Siemens Energy AG against the defined KPIs for 'Kind to Animals'. The articles describe various environmental initiatives, such as forest restoration

, habitat creation , wildlife protection technologies for wind turbines , and biodiversity preservation in urban development . However, these initiatives lack the measurable biodiversity impact metrics (e.g., species recovery rates, population increases, or biodiversity indices) or financial allocations (e.g., percentage of revenue) required by the rubric's quantitative thresholds. Furthermore, there is no evidence regarding animal testing, animal-derived ingredients, humane certifications for animal operations, or direct engagement in animal welfare policy advocacy as defined by the KPIs.

Planet-Friendly Business

Siemens Energy's net-zero targets have received validation from the Science Based Targets initiative (SBTi), aligning with a 1.5°C pathway.

These targets include a 90% reduction in Scope 1 and 2 emissions by 2030 and a 30% reduction in Scope 3 emissions across its value chain. The company is committed to achieving climate neutrality by 2030. In 2022, Siemens Energy sourced 90% of its operational electricity from renewable energy and reduced its Scope 1 and 2 emissions by 50% compared to its 2019 baseline. Overall greenhouse gas emissions saw a 21% reduction from the previous year in 2022. The company is involved in climate-positive initiatives, such as a collaboration to build a 280-megawatt green hydrogen electrolysis facility in Germany, projected to offset 800,000 tons of CO₂ annually by 2027. Additionally, an agreement was signed with Iraq to convert 120 million standard cubic feet of flared gas into electricity within six months , and a strategic partnership was established with China's Huadian Group for low-carbon energy solutions, including offshore wind power and green hydrogen.

Respect for Cultures & Communities

Siemens Energy has two formal partnerships with indigenous or local community groups: one with the Kinaway Chamber of Commerce in Australia

and another with the Blue Lake Rancheria in the US for a low-carbon microgrid project. The company has faced allegations of violating Free, Prior and Informed Consent (FPIC) rights concerning its involvement in the Adani Carmichael coalmine project and the Belo Monte dam, where affected indigenous communities allegedly lacked proper consent. This indicates 0% participation of affected communities in FPIC processes for these projects. In response to concerns about FPIC violations, Siemens emphasized its commitment to human rights and stated that obligations to obtain consent lie with local project developers, which is a reactive response to cultural incidents. Siemens has actively protected cultural sites, such as integrating advanced building management systems into the Vienna Concert Hall to preserve its historic architecture. There are no reported cultural appropriation incidents.

Safe & Smart Tech

In fiscal year 2023, 99.6% of Siemens Energy employees completed mandatory web-based cybersecurity training.

The company has established a global Data Privacy organization led by a Chief Data Privacy Officer to ensure compliance with data regulations like GDPR, integrating privacy responsibilities across business units. Siemens Energy is also a signatory of the Charter of Trust, a global cybersecurity initiative that promotes digital security, integrity, and the protection of data for individuals and businesses. In July 2023, Siemens Energy confirmed it was targeted in the MOVEit attack, where data was stolen, but stated that no critical data was compromised and operations remained unaffected, with immediate action taken.

Zero Waste & Sustainable Products

Siemens Energy has set a company-wide target to eliminate landfill waste entirely by 2030.

The company integrates circular design principles, evidenced by the introduction of the EcoTech label for sustainable design and a circularity framework to enhance product recyclability. Waste reduction initiatives include a collaboration with Boson Energy to convert non-recyclable waste into clean hydrogen energy, the implementation of digital twins to optimize resource use, the development of RecyclableBlade technology for wind turbines, the use of renewable biomass-balanced plastics for the SIRIUS 3RV2 circuit breaker, and the collaboration with Outokumpu to use low-carbon stainless steel in medium-voltage switchgear.