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United Nations Department of Economic and Social Affairs Sustainable Development

Strong Growth of Environmental Portfolio

    Description
    Description
    Siemens reinforces its commitment to grow its externally verified Environmental Portfolio from currently 29.9'' bn EUR to 40'' bn EUR in 2014.



    Implementation of the Project/Activity

    Products, systems, solutions, and services from all consolidated Siemens companies may qualify for the Siemens Environmental Portfolio. Strict processes with clearly defined criteria govern which of these are added to the Environmental Portfolio and included in the report.

    Products, systems, solutions, and services (“elements”) must meet one of the following criteria to qualify for the Environmental Portfolio:

    1. Energy efficiency: This applies to elements that offer significantly better energy efficiency than a comparable solution. The criterion is an increase in energy efficiency or decrease in power loss of at least 20 percent in the use phase – or a greenhouse gas reduction of at least 100,000 metric tons of carbon dioxide equivalents in the use phase from all installed elements from a given year combined.

    2. Renewable energies: This criterion covers renewable energies such as wind turbines, solar power plants, and smart grid installations (such as smart meters or smart control mechanisms for energy distribution networks).

    3. Environmental technologies: Environmental technologies include water and wastewater treatment, air pollution control, waste reduction, and recycling. This criterion also covers elements for e-mobility infrastructure (such as drivetrains or charging stations for electric vehicles). Solutions from the Healthcare Sector can also qualify if major effects for the patient (noise, x-ray radiation) are reduced by at least 25 percent.

    This target is supported by the entire Siemens organization in more than 180 countries

    Partners
    Siemens AG

    Goal 7

    Ensure access to affordable, reliable, sustainable and modern energy for all

    Goal 7

    7.1

    By 2030, ensure universal access to affordable, reliable and modern energy services

    7.1.1

    Proportion of population with access to electricity

    7.1.2

    Proportion of population with primary reliance on clean fuels and technology

    7.2

    By 2030, increase substantially the share of renewable energy in the global energy mix
    7.2.1

    Renewable energy share in the total final energy consumption

    7.3

    By 2030, double the global rate of improvement in energy efficiency
    7.3.1

    Energy intensity measured in terms of primary energy and GDP

    7.a

    By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology
    7.a.1

    International financial flows to developing countries in support of clean energy research and development and renewable energy production, including in hybrid systems

    7.b

    By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support

    7.b.1

    Installed renewable energy-generating capacity in developing and developed countries (in watts per capita)

    The volume of the Environmental Portfolio will reach 40 bn EUR and will be externally verified and published annually.
    Financing (in USD)
    13000000000
    No progress reports have been submitted. Please sign in and click here to submit one.
    False
    Action Network
    Sustainable Energy for All (SE4All)
    This initiative does not yet fulfil the SMART criteria.
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    Timeline
    01 January 1970 (start date)
    01 January 2014 (date of completion)
    Entity
    N/A
    SDGs
    Geographical coverage
    Germany, worldwide
    More information
    Countries
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    Contact Information