Siemens invest €100m in plans to become Carbon Neutral

Summary:
CO2 emissions to be cut 50 percent as early as 2020.
€100 million investment in improving energy efficiency.
Annual savings of €20 million expected.

Siemens’ Plans

Siemens aim to be the world’s first major industrial company to achieve a net-zero carbon footprint by 2030, plans to halve its carbon emissions by as early as 2020 and have announced they are investing €100 million (£73.4m) within the next three years to achieve this.

How will they do it?

1) Use distributed energy systems at its production facilities and office buildings to optimize energy costs

2)  Invest in innovative technologies ‒ such as energy management systems and automation systems for buildings and production processes, as well as energy-efficient drive systems for manufacturing

3) Systematically employ low-emission vehicles and e-mobility concepts in its global car fleet

4) Move towards a clean power mix by increasingly tapping sources of energy ‒ such as natural gas and wind power that emit little or no CO2

Siemens also plans to invest around €40 million (£29.4m) in a carbon reduction programme, which is planned to be launched next year.

What will this achieve?

This move towards energy efficiency is expected to cut Siemens’ energy costs by roughly €20 million (£14.7m) a year.

Forward-thinking, large businesses such as Siemens are leading the way in showing how investments into energy efficiency are cost-effective and pay off in the long run.

What do they say?

Joe Kaeser, President and CEO of Siemens AG said:

“Cutting our carbon footprint is not only good corporate citizenship, it’s also good business.”

What else have Siemens Energy been involved with?

Siemens are at the forefront of Energy Efficiency and also offer:

Siemens Finance – Energy Efficiency Financing Scheme (EFF)

Siemens Financial Services (SFS) recognises sustainability as a critical issue for businesses, both large and small and is dedicated to enabling sustainability gains. Siemens are leading experts in energy efficiency and renewable energy funding, joining forces with the Carbon Trust in 2011 to create the Energy Efficiency Financing scheme (EEF), which is designed to help facilitate investment in new technology in an easy, affordable and flexible way.

As a preferred partner of Siemens Energy Finance, IU Energy are authorised by the Financial Conduct Authority (FCA) to facilitate finance applications to cover the cost of energy efficiency projects. For more information about Siemens Finance, please see here, call our energy consultants on 01752 262626, use our contact form, or email your query to info@iuenergy.co.uk.

 

Siemens to invest €100m in Energy Efficiency in plan to become Carbon Neutral by 2030 (Link to press release)