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Siemens beats 2011 sustainability targets

Firm announces 22% reduction in carbon dioxide emissions

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Siemens is targeting a $50bn increase in revenue from its Environmental Portfolio
Siemens is targeting a $50bn increase in revenue from its Environmental Portfolio

Siemens has released its 2011 Sustainability Report which shows the firm beat its 20% emissions reduction target for the fiscal 2011. The firm reported a 22% cut in carbon dioxide emissions, compared to fiscal 2006, whilst reducing its water consumption on a revenue-adjusted basis by 33%.

Siemens’ Chief Sustainability Officer Barbara Kux said, "Sustainability is our guiding principle and creates major business opportunities for our company. We’ve made significant progress in this respect – with regard to both our internal and external targets."

The company's Environmental Portfolio is increasingly important to the firm – generating 40% of the company’s total sales through fiscal 2011. Further growth is also targeted, with Siemens saying that it is aiming for an additional US $50 billion in revenue from products within the Environmental Portfolio.

Siemens says that the reduction in carbon emissions – around 300 million tonnes by the end of fiscal 2011 – equates to the total combined emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

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