Siemens: Managing Sustainability Along the Value Chain to Benefit Our Customers

Ralf Pfitzner () and Matthias Lutz ()
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Ralf Pfitzner: Siemens AG, Corporate Development Strategy, Sustainability
Matthias Lutz: Siemens AG, Plant Data Services

A chapter in Sustainable Value Chain Management, 2015, pp 207-225 from Springer

Abstract: Abstract Sustainability is part of Siemens’ core business activities. It helps us mitigate risks and exploit business opportunities, especially in the field of energy and resource efficiency. We consider sustainability along the entire value chain—setting standards for our suppliers, sustainably managing our operations and providing customers with innovative, resource efficient products and services along the entire life cycle. These enable them to reduce energy cost and decrease their own carbon footprints. With revenue of 33.0 billion euros in fiscal year 2014, the Siemens Environmental Portfolio is proof of how sustainable technologies are part of Siemens’ core business. On top of this, our contribution to society is demonstrated by the fact that we enabled our customers to reduce their CO2 emissions by 428 million metric tons in fiscal year 2014 and by the access to Siemens medical imaging technologies for 1,080 million people in emerging countries. For a successful implementation of sustainability in the organization, it is essential to have it anchored in the top management, supported by an effective and coordinated structure covering businesses, corporate functions and countries.

Keywords: Supply Chain; Carbon Footprint; Ecological Footprint; Business Opportunity; Resource Efficiency (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-12142-0_8

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DOI: 10.1007/978-3-319-12142-0_8

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