Siemens Energy AG

Industrial Machinery / Conventional Electricity / Industrial Machinery
ENR.F
€ 14 (0.46)%
Share price
$ 12 bn
Market Cap
$ 12 bn
Enterprise Value

Carbon footprint

23 Ton
GHG emissions per $ 1 mln investment
0.69x the weighted average for S&P 500
FY2021
How is this calculated?
-6.5%
YOY change in GHG emissions
Weaker than the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Siemens Energy AG's GHG emissions (market-based) (Kt of CO2e)
Siemens Energy AG's Carbon intensity (Tons per 1 USDm)

Siemens Energy AG's carbon footprint

Siemens Energy AG reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 273 Kt (-19 /-6.5% y-o-y). Also positively, carbon intensity declined to 8.1 t (-1.7 /-17.3% y-o-y).

Siemens Energy AG's Scope 3 emissions grew to 1,373,924 Kt (+441,726/+47% y-o-y).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Siemens Energy AG also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Siemens Energy commits to reduce absolute scope 1 and 2 GHG emissions 46% by 2030 from a 2019 base year. Siemens Energy commits to increase annual sourcing of renewable electricity from 59% in 2019 to 100% by 2023. In addition, Siemens Energy commits to reduce absolute scope 3 GHG emissions from use of sold products 28% by 2030 from a 2019 base year.

Company environmental metrics

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