Siemens aims to be climate neutral by 2030.
The engineering giant would become the world’s first major industrial company to achieve a net-zero carbon footprint in the next 15 years.
The German firm plans to cut its emissions – which are currently around 2.2 million metric tonnes a year – in half by the end of the decade.
To achieve the goal, it will invest more than €100 million (£73m) over the next three years in order to reduce the energy footprint and costs of its production facilities and buildings.
The company said it will also use low emissions vehicles and move towards a clean power mix by increasingly tapping sources of energy such as natural gas and wind power.
Joe Kaeser, President and CEO of Siemens AG said: “Cutting our carbon footprint is not only good corporate citizenship, it’s also good business.”