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 has secured an order from Rail Vikas Nigam Limited, valued at approximately ₹2.63 billion. This contract marks a significant development for the company in India's railway infrastructure space.

Order Details

The following table summarizes the key details of the order as reported:

Significance of the Contract

The order from Rail Vikas Nigam highlights Siemens' engagement with India's public sector railway development initiatives. Rail Vikas Nigam is a key government entity responsible for executing critical rail infrastructure projects across the country. This contract adds to Siemens' order book in the Indian market, reflecting the company's active participation in the nation's ongoing railway expansion efforts.