Siemens Gamesa Renewable Energy SA

Heavy Electrical Equipment
SGRE.MC
€ 18 0.14
Share price
$ 12 bn
Market Cap
$ 14 bn
Enterprise Value

Carbon footprint

2 Ton
GHG emissions per $ 1 mln investment
0.05x the weighted average for S&P 500
FY2021
How is this calculated?
+3.2%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Siemens Gamesa Renewable Energy SA aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
Siemens Gamesa Renewable Energy SA's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

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

Siemens Gamesa Renewable Energy SA's carbon footprint

Siemens Gamesa Renewable Energy SA reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 29 Kt (+0.9/+3.2% y-o-y). At the sime time, carbon intensity declined to 2.4 t (-0.3 /-11.1% y-o-y).

Siemens Gamesa Renewable Energy SA's Scope 3 emissions took off to 856 Kt (+339/+66% y-o-y). The growth has slowed compared to the trend since 3Q'19 (CAGR +128%).

The company is committed to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -47 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Siemens Gamesa Renewable Energy SA also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Siemens Gamesa Renewable Energy S.A. commits to reduce scope 1 and scope 2 GHG emissions 70% per MW installed by 2025 from a 2017 base year. Siemens Gamesa Renewable Energy S.A. commits that 30% of its suppliers by spend covering purchased goods and services, and transportation and distribution, will have science-based targets by 2025. Siemens Gamesa Renewable Energy S.A. commits to increase annual sourcing of renewable electricity from 58% in 2017 to 100% by 2025.

Company environmental metrics

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