November 2016 was a big month in the fight to reduce carbon emissions and slow climate change. Early in the month, one year after its signing, the Paris Agreement entered into force. The following week, the COP22 meeting focused on implementing the Paris Agreement was held in Marrakesh, Morocco. But what’s happening outside the realm of policy? Companies played a big role in the Paris talks by showcasing their commitment to climate action. What are they actually doing on the ground to make good on those pledges?
In 2015, Siemens was the first major industrial company to commit to cut its carbon footprint in half by 2020 and be carbon neutral by 2030. At that time, CEO Joe Kaeser noted that “taking action is not just prudent – it’s profitable.” One year later, it’s time to take stock of how Siemens is working to meet its own targets related to company-produced emissions, using four levers: energy-efficient buildings and production, distributed energy systems, green electricity purchasing, and intelligent e-mobility solutions.