Sustainability at Siemens
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In the past decade, Siemens has made a series of commitments to sustainability. The company has set several objectives, which include reducing its carbon emissions by 70% by 2030, becoming the world’s greenest company in terms of carbon emissions, and investing $4 billion in renewable energy. For instance, Siemens is now working with its suppliers to transition towards electric vehicles and has installed over 3,000 electric vehicles in its own fleet. The company has also set an ambit
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Sustainability is the responsibility of companies to meet the present and future needs of society while minimizing damage to the environment. hbr case study help It is essential for every company to incorporate environmental issues into its business operations and strategy. Siemens’s sustainability strategy is driven by three main pillars. The first pillar focuses on reducing its environmental impact. Siemens has set specific targets for 2030 and invests in R&D to reduce its energy consumption, carbon footprint and product waste. The second pillar is increasing its capacity to produce green energy and
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I’m writing this article for Siemens. Siemens’ vision is to be the best-run company in the world – a best-run company by delivering sustainable value, increasing customer value and shareholder value, and by creating the best environment for its people to work in, according to the company’s corporate website. To make the case for Siemens, I’ll highlight the importance of sustainability in business, describe how the company’s portfolio of sustainability initiatives are delivering value to shareholders and customers
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Siemens’ mission is to enable technology and service solutions that make society, and the world, more sustainable. The company invested 4.5 billion euros in its sustainability program, where they aim to become carbon-neutral by 2030, save 25% water by 2020, and reduce waste by 30% by 2020. I witnessed their innovative strategies and techniques through the “Green-Up” program, which incentivizes people by providing discounts for sust
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Siemens’ sustainability commitment is central to our company’s success. The focus is on the environment, customers, society, and profitability, and the company’s activities are carried out under the umbrella of environmental, social and economic sustainability. official site The strategy has been guiding our operations since the company’s foundation in 1890. In 2007, the company launched its Global Sustainability Strategy (GSS) to provide more clarity to its commitments. The GSS contains the following areas of
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Given here are some key aspects of our sustainability strategy at Siemens: 1. Strong focus on renewable energy: We believe that transitioning towards renewable energy is an essential step to achieve sustainability goals. Over the past five years, we have shifted the majority of our energy consumption to renewable sources. For instance, in 2017, 53.8% of our energy was generated by renewable sources, and this figure is expected to increase significantly in the future. 2. Investment in innovation