7.1 Reporting methodology 7.1 Reporting methodology Sustainability is a fundamental principle that guides our Nonetheless, they are consistent with the DEGREE sustain- every action. The Sustainability Report 2023 (below, the ability framework and the global nonfinancial programs and “Report”) supplements our financial reporting for fiscal initiatives at Siemens. 2023. The present chapter describes the key elements of our sustainability reporting. Data collection Given the size and worldwide presence of Siemens, data Reporting approach collection poses a logistical challenge. Moreover, our compa- The Report explains the strategy, organization, initiatives, nies throughout the world need to comply with national programs, management approach, targets, actions, and regulations on the compilation and definition of their key results of sustainable corporate governance. It supplements figures, which means that the generated data is not always the financial reporting provided in the current Annual Report comparable. Where applicable, we point out any significant and updates the financial reporting from the previous year. limitations in the information presented in the Report. It also documents the progress we have made in implement- ing the Ten Principles of the United Nations Global Compact, The data presented in this Report is collected via various the United Nations CEO Water Mandate, and the recommen- internal reporting systems, which for the most part are dif- dations of the Task Force on Climate-Related Financial ferent from those used to collect the financial information Disclosures (TCFD). presented in our consolidated financial statements. In partic- ular, the internal reporting systems used to collect the This Report has been prepared in accordance with the Stan- information presented in this Report may be subject to less dards of the Global Reporting Initiative (GRI 2021) and the stringent internal requirements for documentation, data anti-corruption reporting recommendations of the Global generation, and auditing, including with respect to the IT Compact from Transparency International. Our reporting on systems and controls employed. We reserve the right to human rights activities is based on the UN Guiding Principles change the internal guidelines applicable to the collection of (UN GP) Reporting Framework and the corresponding guide- the data published in this Report without prior notice. Due to lines. rounding, some of the numbers presented in this Report may not add up precisely to the totals presented, and percentages Reporting period and Report boundaries may not precisely reflect the absolute figures to which they This Report refers to the Siemens 2023 fiscal year (October 1, refer. 2022, to September 30, 2023). Any exceptions are indicated as such. In general, the Report covers all our fully consoli- dated companies. As a general rule, minority interests are not included in the Report. Unless otherwise noted, the key indicators and information reported here relate to the com- pany’s ongoing operations. Some management approaches do not cover all Siemens entities or parts of the organization. Some parts of the Siemens organization may have intro- duced specific programs or initiatives that differ from the general approaches described in this Report. SIEMENS SUSTAINABILITY REPORT 2023 125