Siemens 2011 Annual Report Download - page 175

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)

In fiscal  we have completed a series of projects to focus
our compliance processes, such as the business partner due
diligence process and in the gifts and hospitality area. We
have also started a project to further develop the compliance
risk analysis which all Siemens entities have to perform on a
regular basis; this project is scheduled for completion and
start of implementation in fiscal .
The compliance priorities will also determine our goals for fis-
cal  with the ongoing aim of strengthening compliance
as a business responsibility within our Company.
C... CORPORATE CITIZENSHIP
Siemens is committed to providing long-term benefits to the
societies in which we operate, through corporate citizenship
activities that extend beyond our actual business operations.
We deploy many different resources to act on this commit-
ment, with a particular emphasis on company competencies
and employee volunteering. Fundamental to corporate citi-
zenship at Siemens is our commitment to the U.N. Global
Compact, a principle-based framework for businesses, and to
the U.N. Millennium Development Goals, a set of eight inter-
national development goals that member states have agreed
to achieve by . We also maintain an ongoing dialogue
with key opinion-makers around the world.
We focus our corporate citizenship activities in areas where
our resources and expertise can make a meaningful differ-
ence:
> Environmental protection – based on our competencies in
energy, emission reduction, water, and urban infrastructure.
> Education and training for young people in mathematics,
information science, natural sciences and technology –
based on our deep knowledge in these areas as well as our
long experience in cooperating with academic institutions.
> Improvement of living conditions in the societies we
serve – based on our knowledge in many areas including
energy, healthcare, cities and infrastructure.
> Urgent humanitarian relief, including financial and techni-
cal assistance after natural disasters – based on our social
responsibility and global presence.
> Support for contemporary arts and culture – based on the
exceptional cultural diversity of our employees worldwide.
The Siemens Stiftung – The Siemens Stiftung is dedicated to
the values of Werner von Siemens and wants to empower
people to actively address today ’s social challenges. Together
with partners, the foundation designs and implements local
and international projects with the aim of promoting individu-
al responsibility and self-initiative. The foundation is commit-
ted to enlarging basic services and social entrepreneurship,
promoting education and strengthening of culture. The
Siemens
Stiftung pursues an integrative approach and stands
for responsible, impact-oriented and innovative project work.
The project work of the foundation is concentrated in Africa,
Latin America and Germany. The Siemens Stiftung estab-
lished in  with a starting capital of € million is a non-
profit foundation under German civil law and cooperates with
the other five Siemens foundations established by the Com-
pany in Argentina, Brazil, Colombia, France and the United
States.