Siemens 2009 Annual Report Download - page 148

60
 Reports Supervisory Board /
Managing Board  Corporate Governance  Management’s discussion and analysis  Consolidated Financial Statements
44 Business and operating environment 63 Fiscal 2009 – Financial summary 66 Results of operations 84 Financial position
Climate protection
For Siemens, Climate protection has two aspects. The first is
making a substantial contribution to climate protection
through our environmental portfolio. This portfolio includes
solutions for generating renewable energy, increasing the effi-
ciency of fossil power generation, reducing pollution, and re-
cycling water. It also includes many additional products that
make customer facilities, processes and systems more energy-
efficient and emission-efficient. With this portfolio we intend
to help our customers to reduce their carbon dioxide (CO2)
footprint; cut the life-cycle costs of their offerings; improve
living conditions for society; and create sustainable economic
growth for Siemens.
In fiscal 2008, we began quantifying the contribution of our
environmental portfolio according to strict criteria. For exam-
ple, we compare the performance of a particular solution
within the portfolio to a relevant reference solution, such as
the average energy efficiency of a specified installed base for
that solution. We aim to achieve an overall CO2 abatement of
300 million metric tons with products and solutions installed
from the beginning of fiscal 2002 through the end of fiscal
2011. Products and solutions installed for our customers be-
tween fiscal 2002 and fiscal 2009 that are still in use reduce
CO2 emissions by approximately 210 million metric tons per
year. The annual carbon dioxide emission reduction generated
by products and solutions installed for our customers from the
beginning of fiscal 2002 to the present is shown below:
Of this overall CO2 reduction a reduction of 49 million metric
tons per year was due to products and solutions sold by us in
fiscal 2009. In fiscal 2008, products and solutions sold reduced
CO2 emissions by 47 million metric tons on a comparable basis.
The second aspect of Climate protection is improving resource
efficiency and keeping emissions as low as possible in the con-
duct of our own business. We currently aim to improve our
environmental performance at our global production systems
by 20% with regard to energy consumption, CO2 emissions and
water consumption, and by 15% with regard to waste com-
pared to fiscal 2006. We intend to achieve these goals by the
end of fiscal 2011, normalized for revenue growth and adjusted
for portfolio changes.
Corporate citizenship
Corporate citizenship includes two aspects. One is to conduct
business that benefits society through the application of
Siemens’ expertise, such as providing solutions for environ-
mental and climate protection as described above. The other
aspect involves non-profit contributions. At the end of fiscal
2008 Siemens established a globally acting foundation located
in Munich, Germany (Siemens Stiftung) with an endowment
of €390 million to enhance the sustainability and visibility of
its corporate citizenship activities. The Siemens Stiftung fo-
cuses on topics of importance to society, such as the utiliza-
tion of innovative technologies to improve living conditions,
the enhancement of educational opportunities, climate
change, cultural developments and demographic change and
began operations as an independent entity in fiscal 2009. We
transferred our programs Siemens Generation21 in the field of
education and Siemens Caring Hands in the area of social ser-
vices to the foundation.
ECONOMIC ENVIRONMENT
Worldwide economic environment
Fiscal year 2009 was marked by the most serious global eco-
nomic crisis since the end of the Second World War. According
to IHS Global Insight, gross domestic product (GDP) began to
shrink in the fourth quarter of calendar year 2008, that is dur-
ing the first quarter of our fiscal year 2009, compared with the
same quarter of the previous year. In the two subsequent
quarters this trend intensified, with negative growth rates ex-
ceeding minus 3%. In the third quarter of calendar year 2009
the contraction began to soften, with a negative growth rate of
slightly above 2%. Only for the last quarter of calendar year
2009 do forecasts predict a modest improvement on the al-
ready poor levels of the preceding year. Overall, IHS Global
Insight anticipates a reduction of 2.1% in global economic out-
Annual CO2 reduction (in million metric tons CO)
Overall annual reduction
compared to beginning of
fiscal 
210
161
FY 2009 FY 2008
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