Foreword To help our customers and partners accelerate their transfor- We have a clear position on responsible business conduct. mation, we recently introduced Siemens Xcelerator, an open And our DEGREE commitments are based on that. Ethical digital business platform that makes digital transformation behavior, integrity and compliance are nonnegotiable. They easier, faster, and more scalable for companies of all sizes. A go beyond strict adherence to rules by firmly placing respon- key element of this platform is a growing ecosystem of sible action sustainably at the core of our culture and busi- partners. The sustainability impact we create is more powerful ness conduct. when all partners pool their strengths and work together toward a common goal. We are also focused on our own environmental footprint: In 2015, as one of the first global companies to do so, we We are able to empower our customers to scale sustainability committed to becoming carbon neutral by 2030. Today, we impact because we address challenges across the entire are on track, and we have already accelerated. We are proud value chain – with deep domain know-how across many to have reduced our CO footprint from our operations by 2 industries and across ecosystems of suppliers, partners, and 50% (without offsetting) since 2019 and are targeting 90% customers. in 2030. We reduced our energy consumption by 9% since fiscal 2021, meanwhile 96% of our locations have imple- An excellent example of the power of ecosystems is how mented a water strategy. software can track and manage carbon footprints throughout lifecycles and along supply chains. SiGREEN, an emissions- Applying our own technologies in our own operations is key tracking tool on our Siemens Xcelerator platform, enables to achieving these ambitions. In Nanjing, China, for example, companies to connect to all their suppliers, enabling data- we consolidated three production sites into one lean and driven decisions to reduce product carbon footprints and green digital native factory, which was first built as a digital decarbonize at scale. twin. This led to annual savings of 5,000,000 kWh of energy, 3,300 metric tons of CO , and 6,000 m3 of water. At the Our DEGREE sustainability framework 2 same time, productivity went up by 20%. For Siemens, And we do not stop at the sustainability impact of our port- rethinking scalable products and services for a sustainable folio. We define our environmental, social, and governance world should go hand in hand with savings, efficiency gains, (ESG) ambitions within our DEGREE sustainability framework – and customer value. a 360-degree approach reflecting our core sustainability values. We look at sustainability from every angle with clear ambitions in six fields of action – Decarbonization, Ethics, Governance, Resource efficiency, Equity, and Employability. SIEMENS SUSTAINABILITY REPORT 2023 5