The private sector is the major source of innovation, technology and investments that can transform the global energy system.
Siemens AG, headquartered in Berlin and Munich, is a global powerhouse in electrical engineering and electronics. The company has approximately 475,000 employees working to develop and manufacture products, design and install complex systems and solutions, and tailor a wide range of services for individual needs. Siemens provides innovative technologies and comprehensive know-how to benefit customers in some 190 countries.
Founded 160 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. Environmental responsibility is a top priority at Siemens, which is why it is committed to reducing its sales-related CO2 emissions by 20 per cent between now and 2011. Siemens currently emits approximately 4.53 million tonnes of CO2 equivalent per year, due to its electricity and heat consumption, business travel, and use of industrial gases and corporate vehicle fleets. However, with its comprehensive portfolio in power generation, distribution and consumption, Siemens is also uniquely positioned to address the challenges associated with climate change.
The company invests more than €2 billion per year of its R&D budget in environmental technology, has 30,000 patents in this field, and the products it launched on the market eliminated in 2006 around 15 times the level of global CO2 emissions that the company itself produces.
