Siemens Mobility Achieves High Sustainability Alignment with 86% Taxonomy Rating for 2024

Siemens Mobility Achieves High Sustainability Alignment with 86% Taxonomy Rating for 2024

(IN BRIEF) Siemens Mobility has achieved a remarkable 86% alignment with the EU Taxonomy for fiscal year 2024, showcasing its commitment to sustainability and climate change mitigation. With 100% Taxonomy eligibility across its entire portfolio, the company demonstrates its role in the sustainable transformation of mobility. Siemens is reducing its ecological footprint and supporting customers through key sustainability areas, such as circular economy practices, water conservation, and pollution control. Notable projects include the deployment of battery hybrid trains in Germany and advanced control systems for the Paris metro, all contributing to lower CO₂ emissions. Siemens aims to achieve CO₂ neutrality by 2030, having already cut emissions by over 50% since 2014, with nearly all its sites powered by green electricity.

(PRESS RELEASE) MUNICH, 14-Jan-2025 — /EuropaWire/ — Siemens Mobility has once again demonstrated its leadership in sustainability, earning top marks in the EU Taxonomy for fiscal year 2024. The company achieved 100% Taxonomy eligibility across its entire technology portfolio, including hardware, software, and services, underscoring its commitment to driving the sustainable transformation of mobility. Siemens Mobility’s activities align 86% with the EU Taxonomy, meeting stringent environmental and social standards, and reinforcing its role in combating climate change.

The company continues to make significant strides in reducing its own ecological footprint and assisting customers in doing the same. Siemens Mobility’s efforts focus on key sustainability areas such as the circular economy, water conservation, biodiversity protection, pollution control, and climate change adaptation. By delivering cutting-edge technologies, Siemens Mobility is directly contributing to global climate change mitigation and providing sustainable solutions that will benefit future generations.

Michael Peter, CEO of Siemens Mobility, expressed his pride in the results, saying, “Our excellent performance in the EU Taxonomy once again showcases our commitment to sustainability and our role in leading the mobility industry towards a greener future. Our comprehensive global portfolio of technologies actively reduces CO₂ emissions, offering sustainable mobility solutions for today and tomorrow.”

Andreas Mehlhorn, Head of Sustainability at Siemens Mobility, added, “The EU Taxonomy sets high standards for sustainability reporting, and our performance is a testament to the work of all our business areas. Not only are we reducing emissions for our customers, but we are also cutting our own environmental footprint as an industrial company.”

Siemens Mobility’s alignment with the EU Taxonomy not only helps investors assess the sustainability of the company’s business activities but also demonstrates to customers that they are partnering with a technology leader dedicated to the sustainable mobility transition. The company’s success is evident in major projects such as the construction of a 2,000-kilometer high-speed rail network in Egypt, where Siemens is also providing services that increase the system’s availability, extend its life, and further reduce CO2 emissions.

In Germany, Siemens Mobility’s Mireo Plus B trains, which began operation in Ortenau in April 2024, now run with a battery hybrid drive instead of diesel, cutting CO2 emissions on non-electrified lines. The Paris metro line 14 also benefits from Siemens’ state-of-the-art control and safety technology, reducing environmental impact while improving capacity and punctuality. Additionally, Danish State Railways (DSB) adopted Siemens’ modern S3 Passenger inventory system to manage ticket bookings and train utilization more sustainably.

Siemens Mobility is also working towards achieving CO2 neutrality for its own operations by 2030. Since 2020, the company has reduced its CO2 emissions by more than 50% compared to 2014, with nearly all locations powered by green electricity. By prioritizing eco-design principles and the efficient use of materials and energy, Siemens Mobility continues to conserve natural resources throughout its value chain.

Siemens Mobility is a separately managed company of Siemens AG. As a leader in intelligent transport solutions for more than 175 years, Siemens Mobility is constantly innovating its portfolio. Its core areas include rolling stock, rail automation and electrification, a comprehensive software portfolio, turnkey systems as well as related services. With digital products and solutions, Siemens Mobility is enabling mobility operators worldwide to make infrastructure intelligent, increase value sustainably over the entire lifecycle, enhance passenger experience and guarantee availability. In fiscal year 2024, which ended on September 30, 2024, Siemens Mobility posted revenue of €11.4 billion and employed around 41,900 people worldwide. Further information is available at: www.siemens.com/mobility

Media Contact:

Fabian Waldmüller
Siemens Mobility
+49 173 6871970
fabian.waldmueller@siemens.com

SOURCE: Siemens

MORE ON SIEMENS, ETC.:

Follow EuropaWire on Google News
EDITOR'S PICK:

Comments are closed.