Siemens 2013 Annual Report Download - page 210

92 A. To our Shareholders
117 B. Corporate Governance 155 C. Combined Management Report
156 C. Business and economic environment
173 C. Financial performance system
179 C. Results of operations
192 C. Financial position
204 C. Net assets position
207 C. Overall assessment of the economic position
209 C. Subsequent events
210 C. Sustainability
227 C. Report on expected developments and
associated material opportunities and risks

C. Sustainability
C.. Sustainability at Siemens
C... OVERVIEW
Sustainability is a guiding principle within our Company.
Siemens has defined sustainability to mean acting responsibly
on behalf of future generations to achieve economic, environ-
mental and social progress. We are aware of the associated
high standards and the possibility of conflicting goals. Never-
theless, the aim to create sustainable added value remains a
key element of our corporate strategy. We are convinced that
sustainability, in this sense, is also a business opportunity, and
one that is worth seizing. One Siemens, our framework for
sustainable value creation and capital-efficient growth, ad-
dresses this business opportunity with its three strategic direc-
tions: Focus on innovation-driven growth markets, Get closer
to our customers and Use the power of Siemens. The relation-
ship of each element to sustainability is explained below.
> The products and solutions in our Environmental Portfolio
and the innovation power of Siemens play a central role in
contributing to environmental and climate protection while
also strengthening our standing in the innovation-driven
growth markets that we focus on.
> An intense customer focus and a competitive, globally bal-
anced and localized network of suppliers supports us in
getting closer to our customers all over the world.
> Excellent employees are one of Siemens’ vital strengths as
they play a key role in our success and are the true power of
Siemens. Leveraging the power of Siemens also means
strictly adhering to clear principles of integrity – something
we also expect of our partners and suppliers.
As these examples show, sustainability is not embellishment
at Siemens – it’s a central theme of our corporate strategy. The
following chapters detail this approach and provide further in-
formation on sustainability at Siemens.
C... SUSTAINABILITY MANAGEMENT
AND ORGANIZATION
The importance we attach to the topic of sustainability is evi-
dent in its central position within the Company ’s organization
and in our programs and the measures we execute. Efficient
sustainability management is a company-wide task that requires
a clear organizational structure and a thorough anchoring of
sustainability in our corporate culture. All our sustainability
activities are steered by the Chief Sustainability Officer, who
is a member of our Managing Board. In order to coordinate and
manage our sustainability activities efficiently, we established
the Siemens Sustainability Board, the Sustainability Office and
the Siemens Sustainability Advisory Board.
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 directs
our sustainability program as part of our sustainable strategy
and adopts appropriate measures and initiatives. Our Chief
Sustainability Officer also manages the Sustainability Office,
which is responsible for driving sustainability further within
Siemens and for coordinating the sustainability program and
other company-wide programs and measures.
To help us maintain an objective perspective on our sustain-
ability challenges and performance, we have also created the
Siemens Sustainability Board in fiscal 2013
Siemens Sustainability Board
Chief Sustainability Officer
Chief
Compliance
Officer
CTO of
Energy
(Energy)
CEO of
Imaging & Therapy
Systems
(Healthcare)
CEO of
Customer Services
(Industry)
CEO of
Low and Medium
Voltage
(Infrastructure &
Cities)
CEO of
Siemens
Financial Services
CEO of
Cluster Brazil
Head of
Corporate
Communications
and Government
Affairs
Head of
Corporate
Strategies
Head of
Corporate Human
Resources – EMEA
and Governance,
Processes
Head of
Environmental
Protection, Health
Management
and Safety
Head of
Corporate
Technology –
Research & Tech-
nology Center
Head of
Corporate Finance –
Reporting and
Controlling
Head of
Corporate Legal
and Compliance