Category: AGM 2022

Poor climate performance due to supplies to coal and gas projects, wind farms in occupied Western Sahara: Our countermotions

Regarding Agenda Item 3: 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.

Rationale:

The Executive Board of Siemens Energy AG is not living up to its responsibility to comply with the goals of the Paris Agreement because the company continues to participate in energy projects that are particularly harmful to the climate. It has no concrete plans to withdraw from all fossil energies.

Contract for a new coal-fired power plant is responsible for an abysmal climate footprint

Siemens Energy is actively involved in expanding the use of energies that are harmful to the climate. Weiterlesen

Permanent link to this article: https://www.kritischeaktionaere.de/en/siemens-energy-2/poor-climate-performance-due-to-supplies-to-coal-and-gas-projects-wind-farms-in-violation-of-international-law-our-countermotions/

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

Permanent link to this article: https://www.kritischeaktionaere.de/en/siemens-2/siemens-finances-new-fossil-fuel-projects-our-countermotion/