NET 0 Tracker
Greenhouse Gas Emissions
Last 3 Years Emissions Data Summary
| Y2021 | Y2020 | Y2019 | |
|---|---|---|---|
| Scope 1 | 386,000 | 424,000 | 768,678 |
| Scope 2 - location-based | 755,000 | 826,000 | 1,046,673 |
| Scope 2 - market-based | 208,000 | 253,000 | 512,356 |
| Scope 1-2 - location-based | 1,141,000 | 1,250,000 | 1,815,351 |
| Scope 1-2 - market-based | 594,000 | 677,000 | 1,281,034 |
| Scope 3 | 469,270,922 | 507,691,930 | 16,003,604 |
| Total - location-based | 470,411,922 | 508,941,930 | 17,818,955 |
| Total - market-based | 469,602,678 | 508,086,523 | 17,025,683 |
Note: Data sources detailed here
| Y2022 | Y2021 | |
|---|---|---|
| Total CO2e estimate (by Net0Tracker) | 122,160,644 | 469,602,678 |
| Methodology | Pre-calculated sector intensity (revenue) | As reported |
Carbon emissions are estimated according to comparable years, intensity and sector benchmarks
Performance vs. Target
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Emissions Trajectory not available
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.
Siemens belongs to the sector Industrials.
Reduction and Net Zero Targets
>Note: intensity targets are not represented in the current version - see Methodology
Gross Absolute Emission Reductions
There is no absolute emission reduction recorded in our database. Email us to report missing information Email
Net Absolute Emission Reductions
There is no absolute emission reduction recorded in our database. Email us to report missing information Email
Net Zero Future Commitments
There is no net zero target recorded in our database. Email us to report missing information Email
Science-based Targets (SBTI)
Date Published / Updated :01/09/2024
| Near-term | Long-Term | Net Zero Standard |
|---|---|---|
| Targets Set : 1.5°C by FY2030 | Targets Set : 1.5°C by FY2050 | Yes by FY2050 |
Siemens is a member of the Business Ambition for 1.5 campaign (link here )
Overall Net-Zero Target:
Siemens AG commits to reach net-zero greenhouse gas emissions across the value chain by FY2050.
Near-Term Targets:
Siemens AG commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2030 from a FY2019 base year.* Siemens AG commits to reduce absolute scope 3 GHG emissions 30% within the same timeframe.
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.""
Long-Term Targets:
Siemens AG commits to maintain a minimum of 90% absolute scope 1 and 2 GHG emissions reductions from FY2030 through FY2050 from a FY2019 base year.* Siemens AG commits to reduce absolute scope 3 GHG emissions 90% by FY2050 from a FY2019 base year.
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.
Offsets
Last update for Siemens AG by zerotracker.net: Sept. 4, 2024| Planning to use external offset credits | Yes |
| Separate targets for emission reductions and removals | No |
| Conditions on use of offset credits |
|
| Plans for carbon dioxide removal (CDR) | Not Specified |
Additional notes: Offsets: 'We will then offset the remaining CO2 emissions with high-quality CO2 certificates to achieve our “Net Zero 2030” target.' (p77) "Siemens aims to reach a balanced CO2 record by 2030. To achieve this, the largest possible reduction of emissions is the means of choice. The remaining amount of CO2 emissions will be compensated by carbon credits." https://www.siemens.com/global/en/company/sustainability/carbonneutral.html We will then offset the remaining greenhouse gas emissions with CO2 certificates that meet established standards in order to keep our Net Zero 2030 pledge. We have also issued an internal guideline defining parameters for the subsequently necessary procurement of CO2 certificates, with an emphasis on high-quality CO2 certificates that meet established standards and make a positive contribution to the achievement of our Sustainable Development Goals, including those that are not related to climate protection (p69) https://assets.new.siemens.com/siemens/assets/api/uuid:c1088e4f-4d7f-4fa5-8e8e-33398ecf5361/sustainability-report-fy2022.pdf
Score Summary
| Ref | Principle |
Score
(points) |
Max
(points) |
Delta
(points) |
|---|---|---|---|---|
| 1 | At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified | 0.0 | 10.0 | - |
| 2 | Scope 3 emissions are fully reported and externally-verified | 0.0 | 10.0 | - |
| 3 | CDP score demonstrates the level of transparent disclosures | 9.0 | 10.0 | - |
| Transparency | 9.0 | 30.0 | - | |
| 4 | Net Zero Commitments by 2050 include an intermediate target and cover all the emissions | 0.0 | 10.0 | - |
| 5 | Net Zero targets demonstrate a high-level of emergency | 0.0 | 10.0 | - |
| 6 | Emission reduction targets on a forward-looking basis are ambitious | 0.0 | 10.0 | - |
| 7 | Targets are science-based as validated by SBTi | 10.0 | 10.0 | - |
| Commitments | 10.0 | 40.0 | - | |
| 8 | Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 9 | Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 10 | Implied Temperature Rating by MSCi | 0.0 | 10.0 | - |
| Results | 0.0 | 30.0 | - | |
| Total | 19.0 | 100.0 | - |
Score Details
| Criteria | Results | 2023 Score | 2022 Score | Vs. 2022 | 2021 Score |
|---|---|---|---|---|---|
| Criteria 1 : Transparency on operational emissions (Scope 1 + 2) | |||||
| Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? | NC | 0.0 / 5.0 | - | ||
| Are S1+S2 figures verified by a 3rd-party for the last reporting year? | NC | 0.0/ 5.0 | - | ||
| Criteria 2 : Transparency on value chain emissions (Scope 3) | |||||
| Are the 15 categories fully or partly disclosed? | NC | 0.0 / 5.0 | - | ||
| Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? | NC | 0.0 / 5.0 | - | ||
| Criteria 3 : Quality and Frequency of reporting | |||||
| What is the latest CDP score (no later than the preceding year)? | A- | 9.0 / 10.0 | - | ||
| How many interim reporting were provided between 2 reporting periods (GHG emissions only)? | |||||
| Criteria 4 : Net Zero Commitments | |||||
| Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include an intermediate target by 2030? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include all the emissions? | NC | 0.0 / 4.0 | - | ||
| Criteria 5 : Target year for Net Zero Commitments | |||||
| Target year for achieving net zero emissions for S1+S2? | NC | 0.0 / 5.0 | - | ||
| Target year for achieving net zero emissions for S1+S2+S3 combined? | NC | 0.0 / 5.0 | - | ||
| Criteria 6 : Reduction objectives | |||||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2? | 0.0 / 5.0 | - | |||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? |
No target found
|
0.0 / 5.0 | - | ||
| Criteria 7 : Science-Based Targets | |||||
| What type of science-based target (as validated by SBTi) did the company commit to? | Targets Set 1.5°C | 10.0 / 10.0 | - | ||
| Criteria 8 : Results based on scope 1 - 2 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 9 : Results based on scope 1 - 2 - 3 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 10 : Implied Temperature Rise (ITR) | |||||
| Is the company aligned with global climate targets? | ITR: None°C | 0.0 / 10.0 | - | ||
| Total | 19.0 / 100.0 | - | |||
Available Data Sources
| Reporting Year | 2022 | 2021 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Source | Wikirate (NV) | NZPDU | Yourstake | NZPDU | NZPDU |
| Publication Year | unknown | 2022 | unknown | 2021 | 2020 |
| Scope 1 | 393,000 | 386,000 | 386,000 | 424,000 | 768,678 |
| Scope 2 - location-based | 189,000 | 755,000 | 755,000 | 826,000 | 1,046,673 |
| Scope 2 - market-based | NA | 208,000 | 208,000 | 253,000 | 512,356 |
| Scope 1-2 - location-based | 582,000 | 1,141,000 | 1,141,000 | 1,250,000 | 1,815,351 |
| Scope 1-2 - market-based | NA | 594,000 | 594,000 | 677,000 | 1,281,034 |
| Scope 3 | 457,606,000 | 469,270,922 | 469,271,000 | 507,691,930 | 16,003,604 |
| Total - location-based | 458,188,000 | 470,411,922 | 470,412,000 | 508,941,930 | 17,818,955 |
| Total - market-based | NA | 469,602,678 | 469,865,000 | 508,086,523 | 17,025,683 |
Sources
- Yourstake: Data from YourStake.org - see Free SFDR data library
- Wikirate: Data from Wikirate.org. Scope 1, Scope 2 and Scope 3 emissions metrics designed by Global Reporting Initiative and contributed by the Wikirate community, adaptation by the Net0Tracker team, licensed under CC BY 4.0. Wikirate-NV means non-verified data sourced in Wikirate. See explanation here
© Vincent Manier - September 2021 About us . Keep in touch . Blog