Siemens Limited has filed its Business Responsibility and Sustainability Report for the financial year 2024-26, covering the 18-month period ending March 31, 2026. The report outlines the company's progress against its DEGREE Sustainability Framework, detailing environmental, social, and governance performance. Price Waterhouse Chartered Accountants LLP undertook a reasonable assurance process for the core indicators included in the filing.

The company reported that it has achieved 100% renewable electricity use during the reporting period. Total Scope 1 emissions were 4,915 metric tonnes of CO2 equivalent, while location-based Scope 2 emissions were 38,613 metric tonnes. Market-based Scope 2 emissions were reported as 0 metric tonnes. The energy intensity per rupee of turnover stood at 0.93 GJ/million rupees, an improvement from 1.03 in the previous period.

Financial and Operational Context

The reporting period covers a transitional financial year from October 1, 2024, to March 31, 2026, adopted to align with a uniform financial year ending March 31. During this period, the company underwent structural changes, including the demerger of its Energy business effective March 25, 2025. Consequently, financial and operational details relating to the Energy business have been excluded from the reporting with effect from March 1, 2025.

Environmental Performance

Siemens disclosed its total energy consumption as 242,818 gigajoules, comprising 64,550 GJ from renewable sources and 178,268 GJ from non-renewable sources. Water withdrawal totalled 338,242 kilolitres, with water consumption at 313,579 kilolitres. The company reported a total waste generation of 29,920 metric tonnes, of which 29,112 metric tonnes were recovered through recycling, reusing, or other recovery operations.

Social and Governance Metrics

The company employed a total of 8,058 individuals, comprising 6,912 employees and 1,146 workers. The report noted that 100% of permanent employees and workers were provided training on human rights issues. The Board of Directors included one female member out of nine, representing 11.1% female representation. The company reported zero fines or penalties for anti-corruption or anti-bribery violations during the year.

Value Chain Disclosures

The report included disclosures on value chain performance, covering upstream suppliers and downstream customers. For the reported value chain, total Scope 1 emissions for customers were 1,067,927.39 metric tonnes and 17,215.09 metric tonnes for suppliers. The company assessed 26% of suppliers for environmental impacts through External Sustainability Audits and covered 94% of suppliers through Corporate Responsibility Self-Assessments.

Siemens today announced a major expansion of its Saskatoon research and development hub, strengthening its electronic design automation (EDA) capabilities to support rising global demand for advanced semiconductor and artificial intelligence technologies. The expansion adds 10,000 square feet at the Innovation Saskatchewan Research and Technology Park, bringing the site to approximately 45,000 square feet. This investment reinforces Canada's role in Siemens 's global Industrial AI strategy by enabling continued growth in AI software development for next-generation chip design.

"The global semiconductor market is entering a historic phase of growth driven by AI," said Amit Gupta, senior vice president, general manager and chief AI strategy officer, Siemens EDA, Siemens Digital Industries Software. "The advanced AI software developed in Saskatoon helps customers tackle the most demanding chip design challenges. This expansion reflects Siemens' long-term commitment to Canada's innovation ecosystem and to advancing Industrial AI that delivers real customer value."

The expansion is expected to support the creation of up to 100 new highly skilled roles over the next two years, growing the local workforce from approximately 300 to 400 employees. Recruitment will focus on software engineering, AI research and customer application expertise. This growth positions Saskatoon as a key global hub within Siemens' R&D network and supports the development of AI capabilities that help customers design and verify advanced semiconductor systems more efficiently.

Strategic Impact and Collaboration

The Saskatoon hub builds on Siemens' long-standing collaboration with the University of Saskatchewan, including the Siemens-supported EDA Chair, which helps develop specialized skills and strengthens the regional deep-tech talent pipeline. The investment aligns with Siemens' broader Industrial AI and comprehensive Digital Twin strategy, which aims to optimize design, engineering and manufacturing processes.

"The Saskatoon site is a standout example of how Siemens combines local talent with global scale," said Faisal Kazi, President and Chief Executive Officer, Siemens Canada. "What began as an entrepreneurial success has become a strategic center of excellence that serves customers worldwide. This expansion demonstrates our confidence in the Canadian tech sector and its ability to compete on a global stage."

Key Expansion Details