In a tumultuous year of record-shattering heatwaves, wildfires, and floods, and despite rising energy prices, inflation, supply chain challenges, labour shortages, and more, we remain optimistic about technology as the answer to some of the world’s most difficult challenges.

Our technology empowers our customers and partners to scale their sustainability impact faster across the backbone of our economies. As we approach a critical tipping point for our planet, the demand to accelerate the digital and sustainability transformations has never been greater.

Siemens supports customers all over the world to become more competitive, resilient, and, above all, more sustainable. Our portfolio enables a positive impact on our planet and society at scale. Today, it is about more than just managing negative footprints; it is about a company’s handprint and increasingly expanding businesses’ net-positive impact on the world.

Siemens ASEAN president and CEO Pham Thai Lai

That is why Siemens has integrated its sustainability strategy in our business activities, technology roadmap, decisions, own operations, and governance. We empower our customers to accelerate their sustainability goals along several impact areas: decarbonisation and energy efficiency, resource efficiency and circularity, and people centricity and societal impact.

Our purpose is to create technology to transform the everyday, for everyone. This technology with purpose touches the lives of customers, partners, and consumers everywhere – improving the quality of life for billions of people worldwide.

Technology with purpose is about leveraging digitalisation for optimised resource usage and circularity readiness and accelerating the energy transition through renewable integration, energy efficiency, and electrification.

It is about societal impact by designing and operating the most efficient train and e-mobility solutions within sustainable communities, built upon decarbonised building technologies. And it is about pioneering breakthroughs in healthcare to improve the lives of patients and their families.

Combining worlds

Our strategy is to combine the real and digital worlds – harnessing the power of hardware and software. More than 90 per cent of Siemens AG’s business enables positive sustainability outcomes for our customers.

Worth highlighting is that our products sold to customers in fiscal 2023 will, over the course of their lifetime, avoid around 190 million metric tons of CO2 equivalent emissions – a significant increase in avoided emissions over the prior year. This represents more than the equivalent emissions of the Netherlands. In contrast, our own operations and supply chain accounted for around 12 million tons of greenhouse gas emissions.

To help our customers and partners accelerate their transformation, we recently introduced Siemens Xcelerator, an open digital business platform that makes digital transformation easier, faster, and more scalable for companies of all sizes. A key element of this platform is a growing ecosystem of partners. The sustainability impact we create is more powerful when all partners pool their strengths and work together towards a common goal.

We can empower our customers to scale sustainability impact because we address challenges across the entire value chain – with deep domain know-how across many industries and across ecosystems of suppliers, partners, and customers.

An excellent example of the power of ecosystems is how software can track and manage carbon footprints throughout lifecycles and along supply chains. SiGREEN, an emissions-tracking tool on our Siemens Xcelerator platform, enables companies to connect to all their suppliers, enabling data-driven decisions to reduce product carbon footprints and decarbonise at scale.