New company, outdated business model: Siemens Energy fails on climate and human rights

  • Company disregards due diligence on human rights, clings to fossils
  • International law concerns: Norway’s largest private asset manager excludes Siemens Energy
  • Gas turbines for LNG-Project in conflict area in Mozambique

Ahead of Siemens Energy’s first annual general meeting, environmental and human rights organizations are seeing the company headed in a critical direction. Serious human rights issues and the adherence to coal and gas transactions weigh heavily on the future sustainability of the company. “Previously announced job cuts are the price Siemens Energy is paying for its ignorance in connection with the global energy revolution. The announced coal phase-out is half-hearted and the path beyond fossil energy, which should be adequately respecting international and human rights, is missing“, says Regine Richter, energy campaigner from the environmental and human rights organization Urgewald. Weiterlesen

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„Full speed into the crisis“: NGOs demand actual change of course rather than lip service

  • The company’s clinging to fossil business is not future-proof
  • Siemens still plans to move forward with gas project in Israel against government decision
  • Siemens provides financial services worth millions to oil and gas companies

In Siemens‘ most recent sustainability report, CEO Joe Kaeser and his appointed successor Roland Busch claim to have learnt from last year’s Adani disaster. However, a look at Siemens’ current business dealings begs the question of how far-reaching this learning effect has actually been for the company. Recent research shows that Siemens’ Financial Services division finances companies driving large-scale oil and gas extraction projects in the Eastern Mediterranean and in the USA. Weiterlesen

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Re Agenda item 2: To ratify the acts of the members of the Executive Board

The Association of Ethical Shareholders Germany requests that the acts of the members of the Executive Board not be ratified.

Supporting information:

The climate protection measures announced by the Executive Board of Siemens Energy AG do not live up to the Paris Agreement. A concrete roadmap for the company to cut its own greenhouse gas emissions in line with the objective of the Paris Agreement to limit global warming to 1.5 degrees Celsius is urgently needed. A swift reduction in the CO2emissions produced from the use of Siemens Energy products (Scope 3 emissions) is vital for that. Weiterlesen

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Agenda item 2: Adoption of a resolution for the utilization of the unappropriated earnings

The recommended utilization of the unappropriated earnings shall be rejected.
Reasoning: The utilization of the unappropriated earnings has to take the consequences of copper mining and copper production into account. Copper production pollutes the environment and harms the health of the population in mining regions and at the copper smelter sites. By forgoing a dividend, the shareholders can contribute to mitigating the ecological, health, and social damage brought on by copper production. Aurubis AG’s unappropriated earnings from the past fiscal year shall not be used to pay out a dividend of € 1.30 per no-par-value share (€ 56,756,739.00 in total). Weiterlesen

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Regarding Agenda Item 3: To ratify the acts of the members of the Managing Board

The Association of Ethical Shareholders Germany requests that the acts of the members of the Managing Board not be ratified.

Supporting statement:

The Managing Board of Siemens AG has not adequately complied with its obligations as regards human rights due diligence. Moreover, the existing and announced climate protection measures do not fulfill the goals of the Paris Agreement.

“We have learned” – a dubious claim

Dr. Roland Busch and Joe Kaeser affirm in the foreword to the latest Sustainability Report that they have learned from past mistakes “such as the controversial delivery of safety systems to Adani’s Carmichael project” (Siemens Sustainability Information 2020, page 4). Weiterlesen

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76 NGOs call on the EU to prohibit the export of banned pesticides and the import of food produced with these chemicals

Open letter signed by 76 Civil Society Organisations sent to European Commission Executive Vice-President Frans Timmermans and Commissioners of Health, Environment and Agriculture

Dear First Executive Vice President,
Dear Commissioners,

We, the undersigned civil society organisations, are writing to ask you to prohibit not only the export of hazardous pesticides that are banned in the EU, but also the import of food and agricultural goods produced with such pesticides outside the EU.

Export of banned pesticides

In July this year, 36 United Nations human rights experts issued a statement calling on the EU and other wealthy nations to end the “deplorable” practice of exporting banned toxic chemicals, including pesticides, to poorer countries with weaker regulations. Weiterlesen

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Contribution to consultation on the recommendations of the Ethics Committee for the Norwegian Government Pension Fund Global

Mr. Jan Tore Sanner
Minister of Finance
Postboks 8008 Dep, 0030 Oslo

Dear Minister,

the Norwegian Government Pension Fund Global (GPFG) has been regarded worldwide for decades as a model of investment based on ethical and ecological criteria. Investors from all over the globe follow the Pension Fund’s recommendations.

This is especially true for Germany and therefore this joint stakeholder letter from German and European organisations takes note of this year´s Ethics Committee review of the ethical investment guidelines made in April this year.

We strongly support many of the recommendations of the GPFG Ethics Committee, in particular those concerning the arms sector. Weiterlesen

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“Green Countries Strategy” Turns into a Hollow Phrase

  • Small arms exports to Singapore, South Korea and the USA show: Voluntary restrictions by Heckler & Koch are not consistently implemented
  • Personnel carousel, neither victim-support fund nor arms conversion: Countermotions demand not to discharge the board of directors and supervisory board of the H&K AG
  • Critical shareholders submit 120 questions (see on the alarming developments of the company, also under Nicolas Walewski (CDE)

On the occasion of the Annual General Meeting of Heckler & Koch AG (H&K) taking place the day after tomorrow, the Alliance of Critical Shareholders of Heckler & Koch demands that the small arms producer does not further undermine its self-imposed “Green Country Strategy” with new exceptions and initiates a turnaround in its corporate development. Weiterlesen

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