Category: AGM 2022

Siemens finances new fossil fuel projects: Our countermotion

Protest at Siemens AGM 2020. Photo: SumOfUs/Zack Helwa CC BY 2.0

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.

Rationale:

The Managing Board of Siemens AG declines to withdraw from financing fossil energy projects and is therefore not living up to its responsibility to comply with the targets defined in the Paris Agreement.

 Rising emissions in the supply chain

The impact of Siemens’ economic activities on climate change does not come from the direct greenhouse gas emissions caused by Siemens, but mainly from upstream and downstream emissions in the value chain (Scope 3 emissions). Weiterlesen

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