Siemens Mobility has achieved notable results in its sustainability reporting under the EU Taxonomy for the fiscal year 2024, underscoring the company’s ongoing commitment to sustainability in the face of evolving regulatory requirements. The company attained 100% Taxonomy eligibility, confirming that its entire portfolio—including hardware, software, and services—aligns with the goals of promoting sustainable economic and societal transformation. Furthermore, Siemens Mobility received an 86% Taxonomy alignment score, demonstrating that its business activities meet high environmental and social standards.
These achievements reflect Siemens Mobility’s efforts to contribute to global climate change mitigation while actively working to reduce its environmental footprint. The company focuses on areas such as circular economy practices, water sustainability, biodiversity protection, pollution prevention, and climate change adaptation.
“We are pleased with our strong results in the EU Taxonomy, which highlight our ongoing focus on sustainability. Our global technology portfolio supports the reduction of CO2 emissions and provides sustainable mobility solutions for future generations. We are committed to advancing our sustainability efforts,” Michael Peter, CEO of Siemens Mobility, remarked.
“The EU Taxonomy offers a reliable, externally verified standard for sustainability, providing transparency for both investors and customers. We are proud to see all of our business areas contribute to these positive results, which help reduce emissions for our customers while minimizing our own environmental impact,” Andreas Mehlhorn, Head of Sustainability at Siemens Mobility, said.
The EU Taxonomy serves as a valuable tool for investors, offering a clear and audited indicator of a company’s alignment with sustainable business practices. Siemens Mobility’s strong Taxonomy alignment signals to its customers that the company is dedicated to providing sustainable solutions to support the mobility transition and help drive their own growth.
Siemens Mobility’s commitment to sustainability is reflected in various significant projects. For example, the company is involved in the development of a 2,000-kilometer high-speed rail system in Egypt, a project focused on increasing availability and extending the system’s lifecycle while reducing CO2 emissions and conserving resources.
In Germany, Siemens Mobility’s Mireo Plus B trains, equipped with a battery hybrid drive instead of diesel, have been operating on non-electrified lines in Ortenau, Baden-Württemberg, since April 2024, eliminating CO2 emissions. Additionally, the company implemented advanced control and safety technology on Paris Metro Line 14 in June 2024, enhancing line capacity and punctuality while minimizing environmental impact.
On the software side, Siemens Mobility’s S3 Passenger inventory system was introduced by Danish State Railways (DSB) in September 2024, improving ticket booking management and train utilization to promote sustainability in passenger services.
Siemens Mobility has set a goal to achieve CO2 neutrality for its operations by 2030. By 2020, the company had already reduced its CO2 emissions by over 50% compared to 2014 levels. Most of the company’s locations now operate on green electricity. Additionally, Siemens Mobility incorporates eco-design principles and prioritizes energy efficiency and sustainable material use across its value chain to conserve natural resources.
The EU Taxonomy is a classification system that defines sustainable economic activities. It consists of two stages: first, a suitability assessment (Taxonomy eligibility) to determine if company activities align with EU sustainability goals, followed by a compliance assessment (Taxonomy alignment) based on environmental and social criteria.
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