Siemens 2011 Annual Report Download - page 167

153 D. Consolidated Financial Statements
273 E. Additional information
143 C.2 Additional information for supplemental
financial measures
145 C. Siemens AG (Discussion on basis of
German Commercial Code)
151 C. Notes and forward-looking statements
140 C. Information required pursuant to Section  ()
and Section  () no.  of the German Commer-
cial Code (HGB) and explanatory report
142 C. Compensation report and Corporate Governance
statement pursuant to Section a of the German
Commercial Code (HGB)

The Siemens Sustainability Board, which is chaired by the
Chief Sustainability Officer, is the central steering committee
for sustainability at Siemens. In its regular meetings, it sets
our sustainability strategy and adopts appropriate measures
and initiatives. Our Chief Sustainability Officer also manages
the Sustainability Office, which is responsible for imple-
menting the sustainability strategy and for coordinating com-
pany-wide programs and measures. In our Sustainability Pro-
gram we focus targets and activities in three areas: Business
impact, “Walk the talk,” and Stakeholder engagement. In the
first area we turn our approach to sustainability into concrete
business opportunities (see Environmental Portfolio in
C... Environmental protection). “Walk the talk” means we
are committed to embedding sustainability throughout our
organization and operations. In the third area we focus on the
collaboration with all relevant stakeholders.
To help us maintain an objective perspective on our sustain-
ability challenges and performance, we have also created the
Siemens Sustainability Advisory Board composed of eight
eminent figures in science and industry from a range of disci-
plines and regions of the world. None are employees of
Siemens. The Board meets at least twice a year, and through
professional exchanges and concrete initiatives has already
contributed to the further development of our sustainability
program.
Furthermore, assigned Sustainability Managers in the Sectors
and Clusters ensure that sustainability measures are imple-
mented in the Company.
Collaborating for sustainability and performance
Our sustainability efforts are generally based on our Business
Conduct Guidelines, which provide the ethical and legal
framework within which we conduct our business activities.
They contain the basic principles and rules for our conduct
within our Company and in relation to our external partners
and the general public. Specific issues, such as those relating
to the environment, are covered in more detailed regulations
and guidelines. This comprehensive set of rules is generally
binding for all companies controlled by Siemens.
Furthermore, we believe that close collaboration with stake-
holders is supportive for us to address complex, interlocking
sustainability challenges and topics. Maintaining an intensive
dialogue with partners along the supply chain and with exter-
nal stakeholder groups and organizations is important for us:
Siemens is actively engaged with leading global sustainability
organizations, such as the World Business Council for Sustain-
able Development (WBCSD), and committed to international
standards and guidelines for sustainability. For example, we
signed on to the United Nations Global Compact in  and
became a signatory to the Global Compact’s CEO Water Man-
date in . In fiscal , we joined the Global Compact’s
Caring for Climate initiative as member of the steering com-
mittee. We regularly report on our sustainability performance
using the current guidelines of the Global Reporting Initiative
(GRI), which aim at high transparency and comparability for
corporate sustainability reporting.
Siemens has been named to the widely respected Dow Jones
Sustainability Index for twelve consecutive years and is a sec-
tor leader in  for “Diversified Industrials.” We also earned
high ratings on a number of other indexes and rankings,
Sustainability Board
1 In accordance with the new Sector structure as of October , .
Sustainability Board
Chief Sustainability Officer
Head of
Corporate
Legal and
Compliance
CEO of
Customer
Services
(Industry) 
CTO of
Energy
(Energy)
CEO of
Imaging &
Therapy
Systems
(Healthcare)
CEO of
Rail
Systems
(Infra-
structure
& Cities) 
Head of
Corporate
Finance –
Reporting
and
Controlling
Head of
Corporate
Research
and
Technology
Head of
Corporate
Strategies
Head of
Environ-
mental
Protection,
Health
Manage-
ment and
Safety
Head of
Corporate
Communi-
cations
and
Govern-
ment
Affairs
Head of
Corporate
Human
Resources
EMEA
Chief
Compliance
Officer