Global technology powerhouse Siemens has revealed plans to cut CO2 emissions by 50% by 2020, and to become climate neutral by 2030.
Siemens is normally in the news for its contribution to the global wind industry, supplying wind turbines and service and maintenance contracts. However, the technology behemoth announced on Tuesday that it aims to be the world’s first major industrial company to achieve a net-zero carbon footprint by 2030, following a reduction in CO2 emissions by 50% by as early as 2020. Siemens intends to invest approximately €100 million over the next three years in an effort to reduce its 2.2 million metric tonnes annually of CO2 emissions across all its production facilities and buildings.
Siemens intends to invest in “innovative technologies” such as energy management systems and building automation systems, which they hope will “slash its energy costs by €20 million a year.”
“Cutting our carbon footprint is not only good corporate citizenship, it’s also good business,” said Joe Kaeser, President and CEO of Siemens AG.
Over the long-term, Siemens is intending to institute three additional policies: Siemens will use distributed energy across its production facilities and office buildings in an effort to optimize energy costs; Siemens will also systematically employ low-emissions vehicles and e-mobility concepts across its global car fleet; Finally, Siemens intends to move towards a cleaner energy mix by transitioning to sources of energy that emit little to no CO2 emissions, such as natural gas and wind power.
Siemens is set to launch its CO2 reduction program next fiscal year, and will invest €40 million at 15 different manufacturing locations globally.
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