Siemens AG is a global powerhouse in the realm of electronics and electrical engineering, operating worldwide across various business divisions. The company is prominently involved in industries such ... Siemens AG is a global powerhouse in the realm of electronics and electrical engineering, operating worldwide across various business divisions. The company is prominently involved in industries such as industrial automation, mobility, smart infrastructure, healthcare, and energy technologies. Siemens provides solutions that range from power generation and transmission to building technologies and digital services. Its industrial automation segment equips manufacturing sectors with smart factory technologies, while its mobility division offers advanced solutions for rail and road transport logistics. Additionally, Siemens Healthineers is a leader in medical imaging, diagnostics, and laboratory services, enhancing healthcare systems with cutting-edge technology. Founded in 1847 and headquartered in Berlin and Munich, Siemens plays a crucial role in creating intelligent infrastructure for the changing world, supported by a deep commitment to innovation, sustainability, and excellence in engineering. By addressing the challenges of urbanization and industrial transformation, Siemens AG contributes significantly to the advancement of sustainable and efficient solutions on a global scale.
In 2024, Siemens AG was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Siemens AG has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Siemens AG are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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3.1 CCM/CCA - Manufacture of renewable energy technologies
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3.19 CCM - Manufacture of rail rolling stock constituents
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.1 CE - Provision of IT/OT data-driven solutions
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4.9 CCM/CCA - Transmission and distribution of electricity
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6.14 CCM/CCA - Infrastructure for rail transport
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6.15 CCA - Infrastructure enabling road transport and public transport
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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Metric (tonnes)
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2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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3.1 CCM/CCA - Manufacture of renewable energy technologies
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3.19 CCM - Manufacture of rail rolling stock constituents
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.1 CE - Provision of IT/OT data-driven solutions
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6.14 CCM/CCA - Infrastructure for rail transport
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6.15 CCA - Infrastructure enabling road transport and public transport
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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7.7 CCM/CCA - Acquisition and ownership of buildings
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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Metric (tonnes)
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2023
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2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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3.1 CCM/CCA - Manufacture of renewable energy technologies
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3.19 CCM - Manufacture of rail rolling stock constituents
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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4.1 CE - Provision of IT/OT data-driven solutions
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6.14 CCM/CCA - Infrastructure for rail transport
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6.15 CCA - Infrastructure enabling road transport and public transport
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6.5 CCM/CCA - Transport by motorbikes, passenger cars and light commercial vehicles
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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7.7 CCM/CCA - Acquisition and ownership of buildings
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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Limited Data Preview
You are viewing a limited preview of Siemens AG’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Siemens AG’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Siemens AG’s data sources below and access millions more through our Disclosure Search.
a. Siemens AG's Annual Report 2024
b. Siemens AG's Annual Report 2023
c. Siemens AG's Annual Report 2022
Insights into Siemens AG's Revenues from Sustainable Activities
In 2024, Siemens AG reported EU Taxonomy-eligible revenues of EUR 51.74 billion, representing 68.1% of its total turnover. Of this amount, EUR 19.30 billion of Siemens AG's revenues was classified as EU Taxonomy-aligned, indicating that 25.4% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Siemens AG's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Siemens AG's revenues become more sustainable over time?
Compared to the previous year (2023), Siemens AG's taxonomy-aligned revenues increased by 53.94%,highlighting Siemens AG's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Siemens AG's revenue is eligible under the EU Taxonomy?
In 2024, Siemens AG reported that EUR 51.74 billion of its revenue was eligible under the EU Taxonomy, representing 68.1% of the company's total turnover. Of this amount, EUR 19.30 billion (25.4% of total revenue) was classified as Taxonomy-aligned. This means that 42.7% of Siemens AG's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Siemens AG's eligible revenue is aligned with the EU Taxonomy?
In 2024, Siemens AG reported that EUR 19.30 billion of its revenue was aligned under the EU Taxonomy, representing 25.4% of its total turnover.a
This moderate level of alignment indicates that Siemens AG has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Siemens AG's Eligibility & Alignment Overview
Siemens AG's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Siemens AG's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Siemens AG reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 17.2%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 8.2%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Siemens AG earn from selling climate-related solutions ?
In 2024, Siemens AG reported that EUR 13.06 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 17.2% of the company's total revenue,indicating that Siemens AGhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Siemens AG's CAPEX from Sustainable Activities
In 2024, Siemens AG reported EU Taxonomy-eligible CAPEX of EUR 2.82 billion,representing 72.2% of its total CAPEX. Of this amount, EUR 710.00 million of Siemens AG's CAPEX was classified as EU Taxonomy-aligned, indicating that 18.2% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Siemens AG's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Siemens AG's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Siemens AG's taxonomy-aligned CAPEX increased by 49.18%,highlighting Siemens AG's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Siemens AG's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Siemens AG reported that EUR 2.82 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 72.2% of the company's total CAPEX. Of this amount, EUR 710.00 million (18.2% of total CAPEX) was classified as Taxonomy-aligned. This means that 54% of Siemens AG's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Siemens AG's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Siemens AG reported that EUR 710.00 million of its CAPEX was aligned under the EU Taxonomy, representing 18.2% of its total capital investment.a
This moderate level of alignment indicates that Siemens AG is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Siemens AG's Eligibility & Alignment Overview
Siemens AG's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Siemens AG's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Siemens AG reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 14.4%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 3.8%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Siemens AG is investing in climate-related solutions?
In 2024, Siemens AG allocated EUR 562.32 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 14.4% of the company's total capital expenditure,indicating that Siemens AGis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Siemens AG's OPEX from Sustainable Activities
In 2024, Siemens AG reported EU Taxonomy-eligible OPEX of EUR 5.54 billion,representing 74% of its total operating expenses (OPEX). Of this amount, EUR 2.42 billion of Siemens AG's OPEX was classified as EU Taxonomy-aligned, indicating that 32.3% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Siemens AG's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Siemens AG's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Siemens AG's taxonomy-aligned OPEX increased by 293.9%,highlighting Siemens AG's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Siemens AG's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Siemens AG reported that EUR 5.54 billion of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 74% of the company's total OPEX. Of this amount, EUR 2.42 billion (32.3% of total OPEX) was classified as Taxonomy-aligned. This means that 41.7% of Siemens AG's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Siemens AG's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Siemens AG reported that EUR 2.42 billion of its OPEX was aligned under the EU Taxonomy, representing 32.3% of its total operational expenditure.a
This moderate level of alignment indicates that Siemens AG is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Siemens AG's Eligibility & Alignment Overview
Siemens AG's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Siemens AG's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Siemens AG reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 7.4%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 24.9%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Siemens AG's operational budget supports climate-related solutions?
In 2024, Siemens AG allocated EUR 554.63 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 7.4% of the company's total OPEX,indicating that Siemens AGhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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