Foreword Foreword Scaling sustainability impact Our purpose – which has guided us for 176 years – is to In a tumultuous year of record-shattering heatwaves, wild- create technology to transform the everyday, for everyone. fires and floods, and despite rising energy prices, inflation, This technology with purpose touches the lives of customers, supply chain challenges, labor shortages, plus the impact of partners, and consumers everywhere – improving the quality growing geopolitical tensions, we remain optimistic about of life for billions of people worldwide. Technology with technology as the answer to some of the world’s biggest purpose is about leveraging digitalization for optimized challenges. Our technology empowers our customers and resource usage and circularity readiness and accelerating the partners to scale their sustainability impact faster across the energy transition through renewable integration, energy backbone of our economies. As we approach a critical tipping efficiency, and electrification. It is about societal impact point for our planet, the demand to accelerate the digital by designing and operating the most efficient train and and sustainability transformations has never been greater. e-mobility solutions within sustainable communities, built upon decarbonized building technologies. And it is about As a leading technology company, Siemens supports cus- pioneering breakthroughs in healthcare to improve the lives tomers all over the world to become more competitive, of patients and their families. esilient, and, above all, more sustainable. Our portfolio r enables a positive impact on our planet and society at scale. Combining the real and digital worlds Today, it is about more than just managing negative foot- Our strategy is to combine the real and digital worlds – prints; it is about a company’s handprint and increasingly harnessing the power of hardware and software, or OT and xpanding businesses’ net-positive impact on the world. IT. More than 90% of Siemens AG’s business enables positive e That is why Siemens has integrated its sustainability strategy sustainability outcomes for our customers. Worth highlight- in our business activities, technology roadmap, investment ing is that our products sold to customers in fiscal 2023 will, decisions, own operations, and governance. We empower over the course of their lifetime, avoid around 190 million our customers to accelerate their sustainability goals along metric tons of CO equivalent emissions – a significant 2 three impact areas: decarbonization & energy efficiency, increase in avoided emissions over the prior year. This resource efficiency & circularity, people centricity & societal represents more than the equivalent emissions of the impact. Netherlands. In contrast, our own operations and supply chain accounted for around 12 million tons of greenhouse gas emissions. SIEMENS SUSTAINABILITY REPORT 2023 4