Siemens has reduced its carbon emissions by more than 25% over the last three years.
It is part of the company’s ambition to become climate neutral by 2030 – and is focusing on energy efficiency, decentralised energy systems, intelligent e-mobility and the purchase of renewable electricity to meet its goal.
A total of 80% of Siemens’ German sites currently use 100% green energy.
It has committed to invest €100 million (£90m) in improving the energy efficiency of its buildings and production facilities and €45 million (£40m) in distributed energy systems, with expected annual savings of around €20 million (£18m) from 2020.
Siemens said: “With our commitment to turn our operations carbon neutral by 2030, Siemens sets a clear signal even before the adoption of the Paris Agreement. By setting this goal, we express our firm belief that companies play a pioneering role in the fight against climate change.
“This programme not only benefits humanity and the environment but also comes with sustainable economic advantages for our company.”