Sustainability at Siemens

Seize opportunities, minimize risks, live our values

Principles of Sustainability

For Siemens, sustainability means acting responsibly on behalf of future generations to achieve economic, environmental and social progress. Only in close cooperation with our suppliers can we minimize sustainability-related risks and seize opportunities together. A competitive, globally balanced and localized network of suppliers is therefore vital to Siemens’ success. As our suppliers play a crucial role in our sustainability-oriented value chain, Siemens expects them also to demonstrate a strong commitment to sustainability.


Sustainability in the Supply Chain

Standards for suppliers

Siemens' sustainability standards and principles are defined in the Code of Conduct for Siemens Suppliers. We demand commitment to our Code of Conduct from all our suppliers.

Sustainability in the Supply Chain means for us, creating long-term value for all of our stakeholders by means of a network of excellent and innovative suppliers – with the clear guiding principle of ecological and social responsible business conduct.

This code is based to a large extent on the principles of the UN Global Compact relating to human rights, labor standards, environmental protection and anticorruption initiatives.

      

Minimize Risks and seize opportunities

Siemens aims to minimize risks and leverage the opportunities of our network of suppliers to best effect.

Our supplier management process therefore focuses not only on quality, costs and availability, but also on the ability to innovate and sustainability.

In addition, we have developed a system of detection modules consisting of tool-based checks and on-site inspections that systematically identify risks and deviations from our sustainability principles.

In everything we do, we are guided by the principles of developing suppliers in close partnership and building up their competencies for the long-term.

Focus on suppliers from emerging markets

As part of our Global Value Sourcing program, we aim to increase the share of our sourcing from emerging countries. Particularly when working with suppliers in these countries, our policy is to systematically identify risks and develop competencies in order to generate sustainable value-add for all parties involved.