One of the world’s largest producers of energy-efficient technologies has set an ambitious goal. Siemens plans to become climate neutral by 2030.
In a Sept. 22 news release, Siemens announced plans to become the world’s first major industrial company to achieve a net-zero carbon footprint.
Within five years the company plans to cut its carbon dioxide (CO2) emissions by 50 percent. Its emissions currently measure about 2.2 million metric tons a year, according to the release.
Siemens is investing more than $111 million to improve the company’s energy efficiency across the globe and in turn expects to slash operating costs by more than $22 million a year.
“Cutting our carbon footprint is not only good corporate citizenship, it’s also good business,” said Siemens AG president and CEO Joe Kaeser in the release.
To reach its 2030 goal, Siemens will start by using distributed energy systems at its production facilities and office buildings, employing low-emission vehicles in its global car fleet and tapping into energy sources like natural gas and wind power that emit little or no CO2.
Siemens’ CO2 reduction program launches next fiscal year.