2.3 Partnerships and collaborations for sustainability We also support the goal of achieving a carbon-neutral have also joined the World Bank’s Carbon Pricing Leadership Europe by 2050, which was announced as part of the Euro- Coalition (CPLC), and we advocate for the global introduction pean Green Deal. We will achieve this through a variety of of carbon pricing. We are likewise committed to the UNGC commitments, including our active memberships in the Women’s Empowerment Principles and have signed the EUROPEAN ALLIANCE TO SAVE ENERGY and the EUROPEAN GREEN Diversity Charter, an initiative by the German government. DIGITAL COALITION. For over ten years we have supported One Young World We work closely with the Organization for Economic Cooper- (OYW), a non-profit organization that supports young busi- ation and Development (OECD), the United Nations (UN), ness leaders around the globe to build a better world with the European Union, and the World Economic Forum (WEF). more responsible, more effective leadership. At the 2023 Siemens participates in a number of WEF initiatives, including OYW Summit in Belfast, we championed this event by send- the WEF CEO Climate Leaders Coalition. We also cooperate ing more than 45 of our Siemens colleagues to participate. with the United Nations, for instance, as part of our commit- ment to the Ten Principles of the United Nations Global Siemens collaborates with numerous partners globally Compact (UNGC). On several environmental issues, we support across the topics of decarbonization and energy efficiency, the United Nations Framework Convention on Climate resource efficiency and circularity, and people-centricity and Change (UNFCCC) and the UN Climate Change Conferences, societal impact. Our selected strategic sustainability partner- and we are actively involved in the CEO Water Mandate. We ships are listed below. Partnership organization Description Decarbonization and energy efficiency The Climate Group The EV100 initiative expedites the shift to electric vehicles (EVs). Siemens intends for EVs to account for → EV100 100% of its fleet by 2030. We are also investing in the establishment of charging infrastructure in the → EP100 same timeframe. → RE100 EP100 brings together over 125 ambitious businesses committed to improving energy efficiency. Siemens is committed to owning only assets that are Net Zero carbon in operation and occupying only assets that are Net Zero carbon in operation by 2030. RE100 unites hundreds of ambitious companies committed to 100% renewable electricity. Siemens is committed to reaching this target by 2030. United Nations The United Nations Conference of Parties (COP) is the world’s highest decision-making body on climate → Conference of the Parties (COP) issues. COP connects stakeholders from politics, society, and business for discussions about the global path → Global Compact (UNGC) Working to Net Zero. COP provides a unique opportunity to showcase Siemens as a multiplier of change that Group on Climate empowers customers and societies to drive their sustainability transformation. The 28th session of the COP was held in Dubai, UAE in 2023. The United Nations Global Compact (UNGC) is the world’s largest corporate sustainability initiative. It calls for companies to align their strategies and operations with universal principles on human rights, labor, environment, and anti-corruption. Siemens is active in the UNGC’s Working Group on Climate. U.S. Department of Energy (DOE) Better Buildings is an Initiative of the U.S. Department of Energy (DOE) that is designed to improve the Better Buildings initiative lives of the American people by driving leadership in energy innovation. Siemens is an active participant in the initiative’s Better Climate Challenge. The World Bank Carbon Pricing The Carbon Pricing Leadership Coalition (CPLC) brings together leaders from government, the private Leadership Coalition (CPLC) sector, academia, and civil society to expand the use of carbon pricing policies. Siemens is a member of the coalition and actively advocates for the global introduction of carbon pricing. The World Economic Forum (WEF) The World Economic Forum (WEF) is the international organization for public-private cooperation. Siemens → Alliance for Clean Air is a founding member of the WEF Alliance for Clean Air, which brings together business leaders to measure → Alliance of CEO Climate Leaders and reduce value chain air pollutant emissions, invest in innovation, and work with policymak ers and → ESG Practitioners peers to champion the social, economic, and climate benefits of tackling air pollution. The WEF Alliance of CEO Climate Leaders is a CEO-led community committed to defining bold climate goals and accelerating the Net Zero transition by setting science-based targets, disclosing emissions, and catalyzing decarbonization and partnerships across global value chains. The WEF ESG Practitioners help implement the recommendations from the WEF Stakeholder Capitalism Metrics in reports. SIEMENS SUSTAINABILITY REPORT 2023 27