Amazon and Global Optimism have announced that Siemens has joined The Climate Pledge, a commitment to be net-zero carbon by 2040—a decade ahead of the Paris Accord’s goal of 2050.
The new signatory to The Climate Pledge agree to:
- Measure and report greenhouse gas emissions on a regular basis;
- Implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies;
- Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially-beneficial offsets to achieve net-zero annual carbon emissions by 2040.
Siemens’ goal is clear: all production facilities and buildings worldwide are to achieve a net-zero carbon footprint by 2030.
To reach this objective, Siemens is focusing on four levers: green energy procurement, improving energy efficiency, decentralised energy systems (e.g. photovoltaics on factory rooftops), and the electrification of its car fleet.
Besides, Siemens has initiated a new Managing Board compensation system that is also linked to sustainability targets, such as CO2 emissions reduction targets.
Joe Kaeser, the CEO of Siemens AG, said: “Climate change is one of humanity’s greatest challenges of our time. Businesses need to lead the way towards accelerated decarbonization. In September 2015, Siemens became the first global industrial company to commit to achieving carbon neutrality for our global operations by 2030. Today, we reemphasize our commitment to this goal and are looking forward to joining forces with other Climate Pledge companies to help ramp up global efforts.”
Other new members to The Climate Pledge include Best Buy, McKinstry, Real Betis and Schneider Electric.