Reaching Scope 1, 2 and 3 goals: One materials manufacturer discusses its journey

Are you ready for Climate Week NYC? In this sneak preview, Stacy Mahler of Siemens and Anne Munaretto of EY kick off a conversation on innovation in supporting suppliers that will be expanded on at the panel, Balancing Supplier Collaboration and Environmental Targets in Turbulent Times. Be sure to listen and check out our panel at Climate Week NYC!

For modern manufacturers, sustainability is no longer a cost argument. It’s an investment, revenue, and profitability driver. But transitioning to sustainable operations involves executing on a comprehensive and coordinated Scope 1,2 and 3 emissions reduction plan. Today’s podcast features global materials manufacturer Coherent, a sustainability success story.  Coherent, who also supplies material goods to Siemens for their very own manufacturing operations, will describe how their all-encompassing environmental, social, and governance (ESG) strategy is boosting transformation efforts and business growth.  Siemens representatives will also review Coherent/Siemens partnership best practices and detail the lessons learned when jointly working to achieve Scope 3 emissions targets.

More efficient building infrastructure systems and renewable energy resources translate into fewer carbon emissions released into the atmosphere. By combining field-tested energy management technologies across building, energy generation, and energy storage environments, Siemens is fulfilling what it views as its mission and responsibility: to reveal what’s possible, to demystify how decarbonization technologies in buildings can work together, and to provide facilities staff with a holistic view that minimizes energy spend while maximizing comfort and security. This podcast discusses the inherent challenges associated with building decarbonization and reviews best practices for minimizing building carbon emissions. Guest: Siemens Real Estate, Stephanie Dorsey

A North American-based Siemens plant that manufactures electrical distribution and control products was targeted for decarbonization as part of the Siemens Net Zero Operation by 2030 initiative. This podcast describes how the plant migrated from heavy reliance on natural gas, energy-intensive HVAC, and high-consumption component painting processes, to clean power sourcing, onsite generation, and aggressive energy efficiency measures. By focusing on the four decarbonization levers of consumption reduction, advanced electrification, solar generation, and clean energy the plant successfully lowered natural gas usage by 90% while reducing net carbon emissions by 90%.

At Siemens, we embed sustainability best practices across our business activities, investment decisions, and corporate governance. Our strong track record of progress (46 percent internal CO2 reduction since 2019) and ambitious future decarbonization targets (Net Zero operations by 2030, with 90% emissions reduction by 2030) place us in a leading position as sustainability advisors. We invest in extensive workforce training (€280 million in professional continuing education in fiscal 2022) and high sustainability technologies (€650 million by 2030) to lower our carbon emissions. In this podcast, we share what we have learned about sustainability best practices along our journey to Net Zero.