Siemens 2011 Annual Report Download - page 168

6 A. To our shareholders
23 B. Corporate Governance 51 C. Combined management’s discussion and analysis
52 C. Business and operating environment
80 C.2 Fiscal  – Financial summary
83 C. Results of operations
101 C. Financial position
114 C. Net assets position
117 C. Overall assessment of the economic position
118 C. Report on post-balance sheet date events
119 C. Report on expected developments and
associated material opportunities and risks
135 C. Information required pursuant to Section  ()
and Section  () of the German Commercial
Code (HGB) and explanatory report

including those created by the prestigious Carbon Disclosure
Project (CDP). Siemens was included in CDP’s Global  Car-
bon Disclosure Leadership Index (CDLI) for the fourth time in
a row with one of the top scores in the world.
C... ENVIRONMENTAL PROTECTION
Key performance indicators
Year ended September ,
 
Revenue generated by the
Siemens Environmental Portfolio
(continuing operations; in billions of €) 29.9 27.4
Accumulated annual customer reductions
of carbon dioxide emissions generated by
elements from the Siemens Environmental
Portfolio (continuing and discontinued
operations; in millions of tons; including
an accumulated amount of  million tons
and  million tons related to OSRAM at the
end of fiscal  and , respectively) 317 269
Percentage of sites with implemented
environmental management system 100% 81%
Carbon dioxide efficiency improvement
compared to the baseline in fiscal  22% 18%
Primary energy and district heat efficiency
improvement compared to the baseline in
fiscal  26% 23%
Electrical power efficiency improvement
compared to the baseline in fiscal  12% 11%
Waste efficiency improvement compared
to the baseline in fiscal  14% 10%
Water efficiency improvement compared
to the baseline in fiscal  33% 28%
For Siemens, environmental protection has two aspects. The
first is making a substantial contribution to climate protection
through our Environmental Portfolio. The second aspect is im-
proving resource efficiency and keeping emissions as low as
possible in the conduct of our own business.
Environmental Portfolio
Our Environmental Portfolio serves as an example of how we
strive to align our business activities with the aforementioned
megatrends, in this case climate change. The Environmental
Portfolio consists of products, systems, solutions and services
(Environmental Portfolio elements) that reduce impacts on
the environment and emissions of carbon dioxide and other
greenhouse gases (defined together in the following as car-
bon dioxide emissions) responsible for climate change.
In addition to its environmental benefits, our Environmental
Portfolio enables us to compete successfully in attractive mar-
kets and generate profitable growth. In fiscal , we have
set ourselves a revenue target for the Environmental Portfolio
within the One Siemens framework – to exceed € billion in
revenue from the Environmental Portfolio by the end of fiscal
. We continue to strive for that goal, although due to our
announced planned initial public offering of OSRAM AG, it
will be more challenging to achieve it.
Including revenues from newly developed and additionally
qualified elements and excluding revenues from elements
that no longer fulfill our qualifications, revenues from con-
tinuing operations from the Environmental Portfolio in the
current year amounted to €. billion, up from the compara-
ble revenues of €. billion in fiscal . This means that in
fiscal  our Environmental Portfolio already accounted for
% of our revenues from continuing operations. In addition,
OSRAM, which is presented in discontinued operations, re-
ported revenue from Environmental Portfolio elements of €.
billion in fiscal , compared to €. billion in fiscal .
With our Environmental Portfolio we intend, among other
things, to help our customers to reduce their carbon dioxide
footprint, cut their energy costs and improve their profitability
through an increase in their productivity. Our target for 
was to help our customers reduce their annual carbon dioxide
emissions by approximately  million tons. With the total of
our Environmental Portfolio elements that were installed at
customer locations since the beginning of fiscal  and re-
main in use today, we achieved our goal and reduced custom-
er carbon dioxide emissions by  million tons by the end of
fiscal .
Reporting principles – As there are currently no accepted in-
ternational standards for identification and reporting of so-
called green products, we report the revenue from our Envi-
ronmental Portfolio and the annual customer reductions of
carbon dioxide emissions generated by it in accordance with
internal regulations defined in our Environmental Portfolio
Guideline. This Guideline is based on the Reporting Principles
of the Greenhouse Gas Protocol Corporate Accounting and Re-
porting Standard, revised edition, and the Greenhouse Gas
Protocol for Project Accounting. Those principles are rele-
vance, completeness, consistency, transparency, accuracy and
conservativeness. The revenue generated by the Environmen-
tal Portfolio is recognized in accordance with revenue recog-
nition policies as described in Note  in D. Notes to Consoli-
dated Financial Statements.