Sustainable Development: A Case Study of Siemens Limited

Running head: SUSTAINABLE DEVELOPMENT
SUSTAINABLE DEVELOPMENT
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Business Sustainability
Case Study of Siemens Limited
For a business community, sustainability is
more significant in comparison to any mere
window-dressing. Achievable sustainable
resources can facilitate companies to attain
greater degree of competitive edge and
further amplify level of market share and
boost shareholder value.
Sustainability
Currently Siemens constitute of around 17
sustainable development goals that include
good health and welfare, reasonable and
inexpensive and clean energy along with
sustainable cities and communities which are
systemically arranged to foster sustainable
development and growth in wide ranging
areas of life.
Structure of the paper
Current Sustainable
Programs and
Policies
International
Business Operation
Future Scopes
Good health and welfare, reasonable and inexpensive and clean
energy along with sustainable cities and communities which are
systemically arranged to foster sustainable development and
growth in wide ranging areas of life.
Goals
Executive Summary

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Table of Contents
Introduction....................................................................................................................................3
Siemens’ Company Overview.................................................................................................3
Discussion......................................................................................................................................4
Concept of sustainability and Siemens’ Sustainable Development..................................4
Siemens Germany Implementation of Sustainable Approach to Business.....................5
Siemens’ Current Sustainable Programs and Policies.......................................................6
Siemens’ Germany Future Climate Change Initiative.........................................................8
Siemens Business Operations in India..................................................................................9
Siemens India’s Current Sustainable Programs and Policies.........................................10
Siemens India’s Upcoming Sustainable Program- Smart City Planning........................11
Siemens Business Operations in South Africa..........................................................................12
Siemens South Africa’s operation of Sustainable Approach to Business.................................12
Siemens South Africa’s Recent Sustainable Programs.............................................................13
Siemens South Africa’s Future Sustainable Initiative...............................................................14
Conclusion....................................................................................................................................15
References...................................................................................................................................17

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Introduction
Sustainability has been emerging as a vital determinant for all global
organizations across all industries. Reports by Kolk (2016) reveal that over 75% of
business executives identify a sustainability strategy fundamental to be competitive in
recent times. Sustainability is regarded as a business approach in creating enduring
value by considering ways in which organizations function in the environmental, social
and economic environment. The following paper will evaluate the way Siemens; one of
the renowned global powerhouses in the field of industrial, energy as well as healthcare
and for infrastructure solutions maintains sustainability to foster the longevity of the
company.
Siemens’ Company Overview
Siemens Limited is a holding company operating its business operations in
conglomerate industry. The company is recognized as a global powerhouse focusing on
areas of electrification, automation as well as digitization (Siemens, 2018). Being one of
the largest producers of energy-efficient and resource-consumption technologies in the
world, Siemens has received substantial rate of recognition as a leading supplier of
systems for producing power generation as well as transmission along with medical
diagnosis. Siemens constitutes an intriguing story to articulate with its almost 170 years
of successful journey starting from a establishing a back building workshop to setting up
a multinational business enterprise (Siemens, 2018). Byrch et al. (2015) reveal that
during the 1950’s Siemens entered into the manufacturing sector and efficiently
manufactured computers, semi-conductor devices alongside washing machines and
other electronic pacemakers. In the later phase of 1990’s Siemens financial services

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was founded by expanding its services into the financial sector (Siemens.com, 2018).
Furthermore, in 2000 Siemens Medical Solutions started when Shared Medical Systems
Corporations had been attained by Siemens’ Medical Engineering Group. However
starting during the 2000’s, the multinational organization significantly diversified to other
industrial process optimization along with consultancy and other engineering services
and engaged in several successful merger and acquisition (M&A) endeavours (Kılkış,
2016). However, among all these business endeavours the recognized one is Nokia
Siemens network in 2007 and it was in the year 2010, Siemens decided to sell its IT
Solution as well as services subsidiary to Atos- one of the international leaders in the
domain of digital transformation with an annual revenue of almost € 13.2 billion (França
et al., 2017).
Discussion
Concept of sustainability and Siemens’ Sustainable Development
Sustainability is typically defined as supervising the triple bottom line that is a
development through which global corporations manage their monetary, social as well
as environmental risks, threats and opportunities. However according to Tang and Lee
(2016), such an approach primarily depends on an accounting based perspective and
does not wholly capture time factors which is inherent within business sustainability.
With sustainability identified as an intriguing subject, during the past few years,
corporations across the world have been experiencing stirring rate of demands from
varied types of stakeholders to successfully develop sustainability plans that illustrate
assertive offerings towards environmental and communal aspects and to enhance
intelligibility in corresponding these endeavours. Siemens has received immense

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prominence for its sustainability approach and performance, specifically in the
ecological domain that is industrial conglomerate Siemens (Siemens.com, 2018). At
Siemens, sustainable development is rooted into the corporate strategy as well as
culture, a characteristic highlighted in the course of the central position it embraces
within the company, as sustainability efforts are regarded as a vital part of effectively
implementing the Siemens Vision 2020 strategy program. Siemens has been efficiently
generating its cent percent Renewable energy distribution in energy and electricity that
has been purchased with around 50% of the company’s German locations by employing
100% green energy (Sustainability Report - Home – Siemens, 2018). Klopp and
Petretta (2017) have revealed that Siemens show great dedication to enhance its power
and reserve efficiency and to acquire the increasing global requests related to
environmental safety. Furthermore, the company has a comprehensive Environmental
Protection along with Health Management and Safety (EHS) management mechanism
in position for all its significant business centres and invention facilities. This
management system has followed the demands of the ISO 14001 standard (Svensson
& Høgevold, 2017).
Siemens Germany Implementation of Sustainable Approach to Business
Digital technologies play a decisive role in the energy sector which acts as a vital
determinant for Siemens to adopt an inclusive sustainable approach to its business.
However according to Issa and Al Abbar (2015), in order to utilize them to amplify
efficiency level in the generation, transmission as well as supply of energy, Siemens
has implemented a business case sustainability in their pilot project strategy in
Germany and has been aiding small producers of solar energy develop an energy