Siemens Gamesa reaffirms pledge to meet UN’s climate targets for Industry
Madrid / 11 December 2019
Some of the world’s leading companies, among them Siemens Gamesa, confirmed or added their pledge for Business to do their part in helping the planet avoid overheating by more than 1.5C in coming years at climate change talks in Madrid.
The ‘Business Ambition for 1.5C – Our Only Future’ pledge signed in Madrid by 177 companies, commits them to working towards a zero emissions future. On behalf of Siemens Gamesa, CEO Markus Tacke, signed the paper showing that ‘my company intends to calibrate our de-carbonization plans with the ambition required to limit warming to 1.5°C’.
“We welcome the signing of this latest agreement by leading global firms to strengthen our commitment to a zero emissions future and limit global temperatures to 1.5C above pre-industrial levels. Indeed, we are becoming a global leader in an industry that will help lead the globe away from a climate change disaster,” said Markus Tacke.
The 177 companies collectively represent over 5.8 million employees, spanning 36 sectors and with headquarters in 36 countries. The companies have a combined market capitalization of over $2.8 trillion, and represent annual direct emissions equivalent to the annual total CO2 emissions of France.
The pledge obliges companies to meet objectives evaluated through the UN’s Science Based Targets initiative (SBTi) of its emissions, or by setting a public goal to reach net-zero emissions by no later than 2050.
In fact, Siemens Gamesa is already a signatory to the UN’s Science based targets, and is committed to being carbon neutral by 2025 using offsetting measures while working consistently to reduce all carbon emissions across its operations.
According to the UN’s Intergovernmental Panel on Climate Change’s (IPCC) Special Report on 1.5°C (SR15), limiting global warming to 1.5°C requires reaching net-zero CO2 emissions by no later than 2050, accompanied by rapid declines in non-CO2 emissions, through rapid and profound transformations in the global energy, industry, urban, and land systems.
Siemens Gamesa is stepping up its commitment to sustainability and combating climate change, having installed over 99 GW of wind capacity to date that produce enough electricity to power close to 85 million European households, or reducing emissions CO2 emissions by 260 million tons a year.