Thursday 27 January 2022

Siemens Energy sets new carbon reduction targets

Siemens Energy has committed to reducing its Scope 3 emissions from gas and power by one-third by 2030.

The target was set in its new Sustainability Report for 2021, which included its aim of achieving carbon-neutrality by the same deadline and bringing its aim of reducing Scope 1 and 2 emissions by 46% forward by five years to 2025.

It revealed in the report that 76% of its electricity was from renewable sources last year and it is looking to make this 100% by 2023.

The company has had its new targets verified by the Science-Based Targets initiative (SBTi).

Steve Scrimshaw, Vice President, said: “Climate change concerns all of us. Government, society and businesses are responsible for combating global warming and while there are many stated targets and mandates, there is no ‘silver bullet’ for the energy transition.”