Climate Change Data

Siemens Energy AG

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100% (own activities)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Renewable Energy
  • Emissions Reduction
  • Hydrogen Economy
  • ESG Targets

Environmental Achievements

  • Achieved target of operating 100% of its own activities with green electricity by 2023
  • Opened a gigawatt electrolyzer factory in Berlin with a planned ramp-up to at least three gigawatts by 2025 (capable of producing enough green hydrogen to replace fossil fuels avoiding CO2 emissions of a major city)
  • Gas turbines capable of burning up to 75% hydrogen, planned to run 100% on hydrogen by 2030; successful tests of a turbine operating 100% with renewable hydrogen.

Social Achievements

  • Not disclosed

Governance Achievements

  • Successfully refinanced and closed the tender offer for the remaining shares of Siemens Gamesa in July 2023
  • Agreed on a structure for a guarantee facility with the German government, banking partners, and Siemens AG to support strong order growth.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Siemens Gamesa break-even in fiscal year 2026
  • Gas turbines to run 100% on hydrogen by 2030
Short-term Goals:
  • Ramp-up of Berlin electrolyzer factory to at least three gigawatts by 2025

Environmental Challenges

  • Quality problems at Siemens Gamesa (onshore and offshore)
  • Increased product costs at Siemens Gamesa
  • Ramp-up challenges in the offshore business at Siemens Gamesa
  • Macroeconomic challenges including higher interest rates, global supply chain disruptions and the war in Ukraine

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of hydrogen-based energy technologies

Reporting Standards

Frameworks Used: SBTI (Science Based Targets initiative)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

Initiatives related to renewable energy, hydrogen production, and emissions reduction contribute to these goals.

Sustainable Products & Innovation

  • Hydrogen-capable gas turbines
  • Electrolyzers

Awards & Recognition

  • Not disclosed