Today my boss, Joe Kaeser, CEO of Siemens AG, is participating in an event called The CEO Initiative. Organized by Fortune and Time, the event in New York brings together CEOs of companies that have been recognized by Fortune’s “Change the World” list for “doing well by doing good.” Building on a landmark meeting last year with Pope Francis at the Vatican, Joe and other CEOs will continue to exchange best practices as they dial in on actionable solutions to some of the world’s toughest challenges.
We see this as a fitting way to kick off our own socially-driven platform today – Business to Society.
Siemens was founded by an entrepreneur who believed that technology is a tool to advance the common good. Our Business to Society platform is the modern embodiment of that unique ideal. It’s about tackling social challenges and creating lasting value to society not just through philanthropy, but as part of our core business strategy. Joe says all the time, “A company that doesn’t give value to society shouldn’t exist” – and we’ve taken those words to heart.
Siemens has done business in the U.S. for more than 160 years. We’re global, but also U.S. local. Based in all 50 states and Puerto Rico, our 50,000 U.S. employees are making a difference by helping to close the skills gap, supporting U.S. R&D, reducing carbon emissions, driving breakthrough medical innovations, and advancing America’s security, infrastructure and economy. Our technologies help keep cities growing, businesses prospering, and people living longer, healthier lives.
One key way we make a difference is as an investor. The U.S. is Siemens’ largest market in the world, and critical to our future. That’s why, in just the past 15 years, Siemens has invested $40 billion in the United States.
A central part of our investment is U.S. manufacturing. One out of five of our employees work in one of our more than 60 manufacturing facilities. They make one out of every three light rail vehicles in North America, power equipment capable of meeting a third of all U.S. electricity demand, and contribute to medical solutions that benefit 1.5 million Americans every day. And while contributing to Americans’ daily lives, Siemens’ manufacturing footprint and our investments also strengthen the overall economy. Our facilities export more than $5 billion of worth products annually. Meanwhile, our economic ripple effect extends to more than 36,000 U.S. suppliers. All told, more than 800,000 U.S. jobs are linked to Siemens’ global business operations.
To capture these impacts and more, today we are releasing a new report on our website focused on our U.S. activities. In it you can learn about Siemens’ economic impact, as well as how the company is developing jobs and skills, driving innovation, sustaining the environment, improving quality of life, and securing our future.
We’re excited to share this story with our employees and customers and stakeholders, with the business community, and with the American public. And we plan to share more Business to Society-themed stories here on our blog over the next couple months, as well as on social media. (Make sure to welcome Joe to Twitter! You also can follow me here and Siemens USA here.)
The most competitive business strategies arise out of a vision to serve society. I hope you will find this to be true as you read our report and follow our posts.
Published On: September 25th, 2017