Our Sustainability report: strong results, continued acceleration
We have achieved further progress towards meeting our sustainability ambitions. At our Capital Market Day in June 2021, we set ourselves ambitious environmental, social and governance (ESG) targets with our new strategic framework DEGREE. In our Sustainability Report for fiscal 2021, we have published information today on our progress toward achieving these targets.
Overview on our Sustainability activities
“Sustainability is in our very DNA. It’s not an option. It’s a business imperative. Based on our successful track record, we’re now setting ourselves even more ambitious targets. We’ll accelerate our efforts and raise the bar to create considerably more value for all our stakeholders. Sustainable business growth goes hand in hand with the value we create for people and our planet.”
Judith Wiese, Chief People and Sustainability Officer (CPSO), Member of the Managing Board of Siemens AG and Labor Director
At Siemens, we are taking our ESG commitment to the next level with our DEGREE framework. It constitutes a 360-degree approach for all stakeholders – our customers, our suppliers, our investors, our people, the societies we serve, and our planet. In addressing the three aspects of ESG, we are building a better future that helps us stay within the planetary boundaries, helps us foster a culture of trust, empowerment and growth, supports inclusive economic opportunities, and ensures our people and businesses remain resilient and relevant for whatever the future holds.
We have set clear, very ambitious priorities for core ESG topics that we will drive internally within own operations as well as together with our customers. The DEGREE framework is built on our strong track record and on our technology with purpose that is fully embedded in our business strategy. At Siemens, we want to advance sustainability by creating value for all our stakeholders, driving sustainable growth with our customers, and creating a better tomorrow.
We at Siemens aspire to be role models and act in the interest of our company as well as our stakeholders. Responsible business conduct plays a vital role in our company’s aspiration to make ethical and responsible decisions in the interest of all our stakeholders. This encompasses our high standards in environmental management, the respect of human rights throughout the entire value chain as well as our determination to foster reliability, fairness and integrity within our own operations and beyond.