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

In: Sustainable Value Chain Management

Author

Listed:
  • Ralf Pfitzner

    (Siemens AG, Corporate Development Strategy, Sustainability)

  • Matthias Lutz

    (Siemens AG, Plant Data Services)

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.

Suggested Citation

  • Ralf Pfitzner & Matthias Lutz, 2015. "Siemens: Managing Sustainability Along the Value Chain to Benefit Our Customers," CSR, Sustainability, Ethics & Governance, in: Michael D'heur (ed.), Sustainable Value Chain Management, edition 127, pages 207-225, Springer.
    • Handle: RePEc:spr:csrchp:978-3-319-12142-0_8
    DOI: 10.1007/978-3-319-12142-0_8
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