Siemens Releases Statement Regarding Paris Climate Accord

Siemens says it will continue its commitment to cutting its global carbon footprint in half by 2020, and become carbon neutral by 2030.

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Siemens released the following statement on Thursday, June 1 after President Trump announced his decision to withdraw the U.S. from the Paris Climate Accord:

“Siemens has committed to cut our global carbon footprint in half by 2020 and to make our global operations carbon neutral by 2030. This commitment is not contingent on international treaties or regulations.

"Along with other major corporations from around the globe, Siemens understands that taking action to address the causes of climate change is not only prudent, but also makes economic sense. Siemens’ $110 million investment targeting our facilities will pay for itself in just 5 years and generate at least $20 million in annual savings thereafter. The company recognizes that an increased push for energy efficiency, renewable energy technology and electric mobility, along with the growing digitalization movement and carbon pricing, will speed up a carbon-free future, supporting the growth of a global middle class as well as prosperity for developing countries and increased resilience of economies. Siemens supports the Paris Climate Accord signed by 194 countries as it is an important element in enabling and encouraging governments, other businesses and investors to turn the billions of dollars in existing low-carbon investments into the trillions of dollars the world needs to tackle climate change. Siemens is disappointed by President Trump’s decision to withdraw the United States from the Paris Climate Accord.”