Primary Climate Goal
Siemens's target annual Scope 1 + 2 emissions for 2030 should be equal to 463 Kt = 50% * 926 Kt, according to the company's stated climate goal.
In order to achieve this goal, Siemens would need to reduce its emissions at least by -15 Kt per annum over the period from 2022 to 2030:
-15 Kt = ( 463 Kt - 595 Kt ) / (2030 - 2021)
This translates into a -2.5% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Siemens aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Siemens reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 595 Kt (-83 /-12.2% y-o-y). Also positively, carbon intensity declined to 8.1 t (-3.2 /-28.3% y-o-y).
Siemens's Scope 3 emissions declined to 469,271 Kt (
The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -15 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.
Siemens aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.