Siemens AG

Sustainability management is a company-wide effort that derives from our corporate purpose. It is at the heart of everything we do. Sustainability is firmly rooted within our organization and has been an integral component of management compensation since fiscal 2020. [...] All strategic sustainability activities are overseen by our Chief Sustainability Officer (CSO). The CSO is a member of the Siemens Managing Board and chairs the Siemens Sustainability Board (SSB), which consists of representatives of the businesses, countries, and units with governance responsibilities (technical and professional functions). The SSB is the central steering committee for the strategic development of sustainability at Siemens, and makes decisions regarding key sustainability matters. Where necessary, the Managing Board addresses sustainability-related risks and opportunities of strategic and company-wide importance, and adopts appropriate measures. For example, it was the Managing Board that adopted the DEGREE sustainability framework in fiscal 2021. The SSB motivates and supports the organization in taking sustainability aspects into account when making business decisions. At quarterly meetings, the SSB discusses and hones its focus on strategic sustainability topics, such as CO2 reduction, the framework for ESG and human rights risks, and nonfinancial reporting, as well as rankings and ratings. The board adopts relevant sustainability measures and initiatives or submits recommendations for action to the Managing Board. During fiscal 2021, the SSB decided on matters such as the SBTi commitment, putting the DEGREE sustainability framework into operation, and a materiality analysis to serve as the basis for the further pursuit of sustainability. [...] CEOs in businesses and lead countries are responsible for anchoring sustainability in their organizations [...] The Managing Board has tasked the Government Affairs Department with performing the necessary coordination duties and has given it the powers it needs for the purpose. This engagement with our stakeholder groups creates value on all sides of the equation through exchanges of knowledge and information, as well as through creative partnerships. It helps us improve business conditions and reduce both external and internal risks. [...] Our political involvement is guided by firm principles. We are politically neutral and take a zero-tolerance approach to corruption, violations of fair competition principles, and other breaches of applicable law and internal regulations. Siemens does not make political donations and contributions (donations to politicians, political parties, or political organizations). All contributions that support purely political purposes or the representation of political interests, such as election events for political campaigns, are prohibited by our internal guidelines."
"Shaping climate policy frameworks Beyond its own measures and activities, Siemens participates in committees and associations where it advocates further changes in the climate policy frameworks to support the following aspects: → Using energy as efficiently as possible, advancing electrification, and increasing the share of energy from renewable sources, → Accelerating the decarbonization of all sectors by means of sector coupling, among other measures, → Redesigning energy markets to ensure adequate investments in sustainable, secure, and efficient energy systems, → Accelerating the integration of highly flexible technologies such as energy storage batteries, in order to integrate renewable energy while also assuring system stability, → Implementing a CO2 price in order to integrate the actual costs associated with CO2 emissions into business decisions. It should be high enough to set in motion a shift to low-carbon technologies in line with the pledges made in the Paris Agreement (COP21).

Attach commitment or position statement(s)[…]We are committed to the Science Based Targets initiative (SBTi) and have stated this publicly on several occasions.
see for example: https://press.siemens.com/global/en/feature/decarbonization
And SBTi has confirmed that our target(s) have been approved and the scope 1 and 2 portion of your targets are aligned with a 1.5°C pathway (see attached letter).

Our DEGREE framework is based on six fields of action that drive sustainability and are dynamic and continuously evolving. We have set clear priorities and ambitions for key ESG issues, which we are driving within our own operations and together with our customers and suppliers.
see: https://new.siemens.com/global/en/company/sustainability/sustainability-figures.html#!/siemens/en/our-degree-framework/

Our political engagement is in line with the topical areas relevant to our business strategies and is aligned with the UN's 2030 Agenda for Sustainable Development. -> see: https://new.siemens.com/global/en/company/about/corporate-functions/government-affairs.html
In this overview about our policy engagement we publicly reference Siemens' general position paper on global decarbonization and climate change which states our support for the Paris Agreement. -> see: https://assets.new.siemens.com/siemens/assets/api/uuid:5eec5943-8791-4f36-b1bd-4191abd19694/siemens-position-on-global-decarbonization-and-climate-change-v2.pdf?ste_sid=76d6195e4e893d5c106bf13c03b145a9

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]To coordinate all communications and policy advocacy activities relating to political leaders, policy-making institutions and authorities, Siemens has an internal Government Affairs organization.
With respect to climate change issues, there is a close coordination between the Government Affairs department and the Sustainability Office to ensure consistency in our strategy and our political as well as general communication.

When it comes to the process itself in order to ensure a common approach to multiple climate engagement activities across various businesses and geographies, our Government Affairs (GA) Department collaborates closely with the Business Units on different regulations and policies affecting the respective Business Units via the regularly established calls/exchanges with Strategy Departments of different Business Units. They're also then reaching out directly on a regular basis to their business partners for further inputs. In some cases, the joint topic-dedicated workshops with Business Units are organised on respective activities to align on the messaging and positioning. Given GA department's central role and the governance functions within, the outreach to political stakeholders should be aligned with GA. Often GA functions have oversights with the businesses, therefore close alignment is required in order to e.g. produce an explanatory statements or develop the targeted and timely messaging and positioning ahead of the outreaches. On leadership basis, GA have regular alignment calls being scheduled. E.g. on sustainability activities, we're closely aligning with sustainability colleagues, and contributing by providing GA's inputs on respective related topics via scheduled regular exchanges. For this purpose, we involve our GA HQ colleagues (Germany), and also GA colleagues from US, China, Brussels/EU.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes