Customers’ CO2 savings rise to 210 million tons in fiscal 2009

Siemens increases revenue from Environmental Portfolio products to €23 billion

In fiscal 2009, Siemens generated revenue of €23 billion with products and solutions from its Environmental Portfolio. The green portfolio has grown by 11 percent by comparison with fiscal 2008, when its revenue – calculated on a comparable basis – totaled just €20.7 billion. In fiscal 2009, energy-saving motors, solar inverter systems and selected components for energy-saving building technology were among the products added to the portfolio. “Our green products and solutions are contributing to stabilizing our business during the economic crisis,” said Barbara Kux, Chief Sustainability Officer and Member of the Siemens Managing Board. The company already indicated that Siemens’ total revenue for 2009 was expected to be approximately equivalent to that of fiscal 2008.

In fiscal 2009, Siemens customers worldwide were able to reduce their carbon dioxide (CO₂) emissions by a total of 210 million tons with products and solutions from the Siemens Environmental Portfolio – which the company first defined in 2007. This amount is equal to the annual CO₂ emissions of New York, Tokyo, London and Berlin put together. In the previous year, the cumulative savings amounted to the equivalent of 160 million tons. In fiscal 2011, the annual CO₂ savings are projected to total at least 300 million tons, which roughly corresponds to the current emissions of six major cities – New York, Tokyo, London, Singapore, Hong Kong and Rome.

Siemens’ green portfolio showed strong growth in the area of products and solutions for wind power. Major orders, for example, were received by the company in connection with the construction of the world’s largest wind farm in the Thames Estuary near London. Large orders of this nature will form the basis for further growth in the future. Gas and steam turbine power plants and their key components, which continue to be a strong business area, have also accelerated the development of Siemens’ green portfolio. Further growth drivers are environmentally friendly trains and trams and the components for so-called smart grids, the intelligent power grids for which an important new market is beginning to develop. In this area, which is also being addressed by numerous stimulus programs round the world, Siemens anticipates orders with a total volume of around €6 billion by 2014.

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