Siemens and Sustainability

Running head: SEIMENS AND SUSTAINABILITY
SEIMENS AND SUSTAINABILITY
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SEIMENS AND SUSTAINABILITY1
Sustainable development is a process or a method by which human development goals
and objectives are achieved provided that the sustainability of the natural systems is kept
undisturbed that provides the world with natural resources, ecosystem and habitat services on
which the economy and society is totally dependent upon (Griggs et al., 2013). Sustainable
development aims to achieve equilibrium situation in the society where the utilization of
resources continues to meet the demands of the mankind and civilization, whereas, the stability
and integrity of the natural systems and ecosystem is kept intact and is not compromised (Carley
& Christie, 2017). Siemens Pvt. Ltd is a Germany based world renowned and the biggest
conglomerate industrial manufacturing firm having multiple functional branches in various
countries (Siemens.com. 2018). The main areas on which the company runs are industrial
manufacturing, healthcare, energy, home appliances and home care and infrastructural
applications. The main aim of the company is to electrify, automate and digitalize the world and
applies digital applications in various works and fields, thereby, providing an all over
development of the world. Therefore, it is evident that Siemens has customer base throughout the
world. Siemens is also famous for its corporate responsibilities related to sustainable
development. The respective paper intends to introspect, comprehend, analyze and interpret the
corporate responsibility of Siemens in terms of providing, propagating and practicing sustainable
development to the world.
Sustainable development is a developmental process by which equilibrium is achieved
when economic and civil development is executed while keeping the integrity and stability of the
environment, ecosystem and nature intact and unhampered (Sachs, 2015). Siemens Company is a
well known enterprise that not only provides sufficient as well as premium products and services
to the market, but also undertakes certain massive social and environmental welfare projects for

SEIMENS AND SUSTAINABILITY2
the benefit of the society and the mankind. The sustainability initiatives taken by the company
Siemens are an integral and one of the most essential parts of the Siemens Strategy Program
Vision 2020+ According to Siemens Strategy Program Vision 2020+, the company has focused
on preaching, propagating, practicing and valuing sustainability in a responsible, excellent and
highly innovative way (Siemens.com, 2018). According to Siemens, sustainable development
means a process by which profitable and long term growth can be achieved keeping the factors
such as environment, world health and education, ecosystem management intact for a steady and
robust development Siemens is solemnly and strictly committed to ensure the customary and
long term priorities of sustainable development, namely, eradication of poverty, protect and
conserve the planet and ensure a balanced development and prosperity of the world. Siemens has
recently collaborated with the objectives of the United Nation’s 2030 Agenda of Sustainable
development. The United Nation’s 2030 Agenda of Sustainable Development can be broadly
classified as welfare and developmental programs and initiatives all over the world such as
quality education, gender equality, and sanitation, anti poverty measures, climatic change
measures, health and hygiene, industrialization and economic growth. Siemens has an objective
to balance people, environment and profit through sustainable development of their business.
Siemens is functioning in areas of environment, society and responsible practice of
business. Siemens Environmental Portfolio is a portfolio which has been formulated by the
policy builders of Siemens which deals with environmental programs that contributes to climate
protection, resource conservation, and also enhances and strengthens the competitiveness of their
desired and functional customers as well (Siemens.com, 2018). Various schemes and programs
have been taken up by Siemens for sustainability in terms of environment, such as
decarbonization, conservation practices of natural resources (both renewable as well as non