Siemens Sustainability Information 2020

Sustainability information 2020 1 Siemens 2 Our 3 Governance – 4 Environment – 5 Social – 6 Our 7 Annex at a glance sustainability responsible business preserving nature Contribution to sustainability management practices and resources people and society indicators Foreword Dear Shareholders, Dear Readers, 2020 was a memorable year and the beginning of a tive measures at our locations and recalled employees decade whose changes are yet to be seen. The global around the world, and we transitioned to remote COVID-19 pandemic is the biggest health, social, and work for the long term to keep our people safe. We economic crisis in peacetime since World War II and also supplied our employees with the appropriate has fundamentally changed our lives. protective gear and made it possible in no time for 220,000 Siemens AG and Siemens Energy employees “At Siemens, we are serious about to work remotely. our responsibility to our employees, “We help wherever we can – our partners, and to society. including with our technologies Our employees’ health and safety and innovations, whose purpose are a top priority.” and benefit to society are often The crisis has been merciless in laying bare the vul- felt directly amid the crisis.” nerabilities and deficits of our social, ecological, and economic system. It has shown us that at no point In these difficult times, we don’t merely talk about should the central pillars of sustainability be taken for solidarity; we embody it tangibly and without red granted – that they require our ongoing commitment. tape. Our employees have been shining examples of Beyond good health and well-being – one of the Unit- this. One of our many initiatives is the coronavirus aid ed Nations’ Sustainable Development Goals (SDG) to fund, which is run by Siemens Caring Hands e. V. and which our commitment has been especially impor- financed by employee donations in addition to sup- tant this year – we must also make good on the oth- plemental funding from the company. We at Siemens er 16 SDGs. The crisis has reaffirmed the importance have provided more than €15 million in funding for of working together resolutely and in solidarity to face specific COVID-19 aid projects worldwide. these challenges. We can also help with our technologies and innova- At Siemens, we are serious about our responsibility tions, whose purpose and benefit to society are often to our employees, our partners, and to society. Our felt directly amid the crisis. One example comes from employees’ health and safety are a top priority. This Siemens Healthineers, which developed a top-quality is especially true in the face of the COVID-19 pandem- rapid test for COVID-19. And Digital Industries is help- ic. We immediately implemented far-reaching protec- ing manufacturers of PPE and medical equipment to SIEMENS SUSTAINABILITY INFORMATION 2020 2 1 Siemens 2 Our 3 Governance – 4 Environment – 5 Social – 6 Our 7 Annex at a glance sustainability responsible business preserving nature Contribution to sustainability management practices and resources people and society indicators adapt their means of production. Mean while, we have and productive factories and smart and efficient opened up our 3D-printing network to assist the pro- buildings, to new solutions for sustainable mobility, duction of urgently needed medical replacement parts. we will make use of new developments and innova- tive products to help our customers and society to The task before us is to overcome the pandemic in its shape the big changes of our times to their advantage. entirety without losing sight of the future. After all, there will be a time after COVID-19, and we’re con- The three companies – Siemens AG, Siemens Energy, vinced that every crisis also comes with great oppor- and Siemens Healthineers – will continue to share tunities. Despite all the negative consequences of the the values for which the Siemens brand stands, in- pandemic, we also have a great opportunity and the cluding sustainability in all its dimensions. Protecting responsibility to shape a better world – a sustainable the environment, creating value for society, respon- and multilateral world founded on the principles of sible business practices, and relentless pursuit of in- an environmentally and socially conscious market novation and competitiveness will continue to be at economy. As a global technology company, Siemens the heart of our business activities. will continue to actively contribute. That was and is our aspiration and is in line with our long-term, stra- We go well beyond what is required by law today to tegic objectives, which we vigorously continue to protect the environment and reduce our ecological pursue – even under the changed circumstances. impact. And we do more than is sometimes recognized by the public. Even if we don’t do everything right – “This year we achieved the such as with our mobility project in Australia – we ambitious goal we set for achieve a great deal of good. Measurable good. This year we achieved the ambitious goal we set for ourselves in 2015 of slashing our ourselves in 2015 of slashing our worldwide CO2 worldwide CO2 emissions by half emissions by half in comparison to 2014 emissions. in comparison to 2014 emissions.” This is an important milestone on our path to cli- mate neutrality by 2030, which we continue to The spin-off of Siemens Energy this year marked a work hard to achieve. We have also anchored re- crucial step in our Vision 2020+ strategy. A new sponsibility for sustainable action in our compen- publicly traded company, Siemens Energy operates sation system for the Managing Board and senior worldwide along the entire energy value chain, management. which includes the service business. And it is cur- rently developing a concept for how the phase-out “We use our digital portfolio to of coal-fired power plants can be carried out con- help our customers shift to more sequently and responsibly. efficient, less resource-intensive Specialized in the fields of industry, infrastructure, production practices and use and transportation, the new Siemens AG now plans environmentally friendly to concentrate even more on areas that form the materials.” backbone of our economies and that play a key role in reshaping global value chains. From highly agile SIEMENS SUSTAINABILITY INFORMATION 2020 3 1 Siemens 2 Our 3 Governance – 4 Environment – 5 Social – 6 Our 7 Annex at a glance sustainability responsible business preserving nature Contribution to sustainability management practices and resources people and society indicators As part of our sustainability strategy, we also review not only develop products, solutions, and services for all projects according to applicable ESG standards. our customers, but also protect our employees and Accordingly, we are introducing an ESG due-diligence infrastructure, as well as our IT and plant technolo- tool to identify and mitigate environmental and social gies, against external risks and cyberattacks. risks as well as associated risks that jeopardize human rights or our reputation. Both the management of our There’s another area where we take this approach of respective businesses and our sustainability commit- viewing problems and risks holistically: compliance. tee can use this information to identify, evaluate, and Compliance means much more to us than simply ad- respond to projects – such as the controversial deliv- hering to laws and internal rules. Compliance forms ery of safety systems to Adani’s Carmichael project – the basis for all our decisions and activities, and it is early on and before decisive and irreversible commit- the key to business integrity. We continue to develop ments are made. Here, too, we have learned. our compliance system so that we can keep up with Furthermore, the Siemens Sustainability Board (SSB) rapid changes in business and technology. Optimizing acts as a consultative committee for business activi- internal compliance processes, honing our focus on ties and planned strategic business projects that en- risk, and modernizing the compliance-tool landscape tail high environmental and social risks as well as are just some of the measures we set in motion this associated human rights and reputational risks. In fiscal year. As part of our push for Collective Action, case of doubt, it can escalate a given issue to Siemens we are establishing alliances with numerous organi- AG’s Managing Board. zations to fight corruption and promote fair compe- tition worldwide. The Siemens Integrity Initiative fo- “Compliance means much more to cuses on supporting projects with a significant business connection; by the end of fiscal 2020, it us than simply adhering to laws had provided about U.S.$98.5 million in funding for and internal rules.” 77 projects worldwide. Whereas the past decade was marked by the rise and “Beyond that, we stand behind the spread of the “Internet of People,” the coming decade Ten Principles of the Global will be all about the “Internet of Things.” We use our Compact as well as the United digital portfolio to help our customers shift to more efficient, less resource-intensive production practices Nations Guiding Principles on and use environmentally friendly materials. Business and Human Rights.” Still, this change can only succeed if we can count on For years, Siemens’ far-reaching activities in the area the security of our data and systems. We recognized of sustainability have been widely recognized around early on that not only the free flow of data, but above the world. S&P Dow Jones included Siemens in the all its security, is an integral part of the digital revo- DJSI World Index for the 21st time in a row, affirming lution. Only by mitigating cyber risks will our world our reputation as one of the most sustainable com- be able to take advantage of the countless opportu- panies in the industry.

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