Siemens CEO: Cleantech Is A “Vital Part Of Our Business” (VIDEO)

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Right from the start of his speech, Siemens CEO Peter Löscher delivered some forceful statements: “Environmentally friendly technology is not just a profitable sideline — it is a vital part of our business. It certainly is a rapidly growing market driven by huge global demand.” Yes, it is. If a country’s political leaders or business leaders ignore that fact, they are essentially relegating their country or business to the second division.

“It’s good business, and it’s the business of the future. Technologies that save energy and reduce greenhouse gas emissions can help to grow the economy, too. And we believe that the private sector has a responsibility to help to drive this.”

Sadly, as noted in my summary of the Abu Dhabi Sustainability Week, World Future Energy Summit, International Renewable Energy Conference, and International Water Summit joint opening ceremony, much of the audience started walking out at the beginning of Peter’s speech (presumably because it was the last speech of the opening ceremony and people wanted to be first to lunch). But we didn’t walk out, and actually recorded this video of the great speech:

For those of you interested in reading or sharing key points of the speech in text format, here are some more top quotes from it:

“Energy-efficient solutions and technologies from our environmental portfolio offer a three-fold advantage. They benefit our customers who boost their own success through low energy costs and higher productivity. They benefit future generations by helping to preserve and improve their environment. And last but not least, they benefit our own company by enabling us to tap attractive markets and generate profitable goals.

“Another question occasionally is, ‘do these technologies really make a difference in terms of protecting the environment?’ Again, we know the answer. Let me quote one more figure: last year, technology from Siemens’ environmental portfolio reduced the CO2 emissions of our customers [by] more than 330 million tons. That’s roughly equivalent to six times the annual emissions of all of New York City.” That was a bit of a shocking fact to me. Clearly, that’s something for Siemens to be proud of, and something for other companies to aspire to. And that’s just what Peter emphasized:

“And this is just the efforts of one company. Imagine the impact if this was replicated across the world’s technology providers.”

For the rest of Peter Löscher’s excellent speech, check out the video above. I’d say it’s worth a full watch.

For more content from Abu Dhabi Sustainability Week, check out our archive pages for Abu Dhabi Sustainability Week, for the World Future Energy Summit, and/or for the International Renewable Energy Conference.

Full Disclosure: my trip to Abu Dhabi Sustainability Week was funded by Masdar. That said, I was completely free to cover what I wanted throughout the week, and at no point did I feel under pressure to cover any specific events or Masdar in any particular way.

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Zachary Shahan

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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2 thoughts on “Siemens CEO: Cleantech Is A “Vital Part Of Our Business” (VIDEO)

  • There is an error in the quote “…reduced the CO2 emissions of our customers [by] more than 330 billion tons.” It is “million” not “billion”. The total annual amount of CO2 emissions is around 32 billion tons.

  • This sounds more like a politician talking about his support for NASA.

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