Siemens Achieves EcoVadis Platinum Rating for Sustainability Excellence

Siemens Achieves EcoVadis Platinum Rating for Sustainability Excellence

(IN BRIEF) Siemens has attained the prestigious EcoVadis Platinum rating with an impressive score of 80 points, placing it among the top one percent of over 73,000 companies globally assessed. This recognition marks a significant advancement from Silver in 2021 to Gold in 2023 and now Platinum in 2024. The EcoVadis assessment, covering 21 sustainability criteria across environmental, labor, ethical, and procurement dimensions, underscores Siemens’ commitment to sustainability. Eva Riesenhuber, Global Head of Sustainability, highlights Siemens’ focus on decarbonization, energy and resource efficiency, circularity, and societal impact through their DEGREE framework, aligning with international standards like the UN Global Compact and ISO 26000.

(PRESS RELEASE) MUNICH, 8-Jul-2024 — /EuropaWire/ — Siemens AG (ETR: SIE), a German multinational conglomerate and Europe’s largest industrial manufacturing company, announces that it has achieved an exceptional milestone in sustainability with an 80-point score in the latest EcoVadis Sustainability Rating, earning the prestigious Platinum medal. This places the technology giant in the top one percent of approximately 73,000 companies assessed globally by EcoVadis, a renowned provider of business sustainability ratings.

Since 2021, Siemens has demonstrated significant progress, improving its rating by 19 points, moving from Silver in 2021 to Gold in 2023 and now achieving Platinum in 2024. The EcoVadis assessment evaluates 21 sustainability criteria across four key themes: environment, labor and human rights, ethics, and sustainable procurement.

“We are incredibly proud of this accomplishment, which underscores our steadfast commitment to sustainability,” said Eva Riesenhuber, Global Head of Sustainability at Siemens. “Over 90 percent of our business is dedicated to helping our customers achieve positive sustainability impacts, focusing on decarbonization, energy efficiency, resource efficiency, circularity, and societal impact. We are dedicated to scaling our sustainability efforts.”

Siemens defines its environmental, social, and governance (ESG) targets through the DEGREE strategic framework, addressing sustainability comprehensively across six areas: decarbonization, ethics, governance, resource efficiency, equity, and employability, with rigorous and measurable key performance indicators.

EcoVadis’ sustainability ratings adhere to international standards such as the UN Global Compact Principles, International Labour Organization (ILO) conventions, Global Reporting Initiative (GRI) standards, and ISO 26000. These ratings provide Siemens with a rigorous, evidence-based analysis of performance and a clear roadmap for continuous improvement.

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare.
In fiscal 2023, which ended on September 30, 2023, the Siemens Group generated revenue of €77.8 billion and net income of €8.5 billion. As of September 30, 2023, the company employed around 320,000 people worldwide. Further information is available on the Internet at www.siemens.com.

Media contact:

Andreas Friedrich
Siemens AG
+49 152 2210 3967
friedrich@siemens.com

SOURCE: Siemens AG