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Siemens Aligning Company Car Policy with EU 120 g CO2/km Reference Goal

Siemens wants to ensure that its company car fleet, which comprises some 2,500 vehicles in Germany, achieves the EU reference value of 120 grams of CO2 per kilometer by 2015. The company is the first DAX-listed company to align its company car policy for executives with that target.

Siemens plans to begin providing financial incentives for lower-emitting car selection on 1 February 2009. Alternatively, executives may receive a mobility allowance enabling them to dispense with company cars altogether and switch to public transportation.

Not only do we aim to leverage our technologies to save energy and cut greenhouse gas emissions. We also want to be greener in our operations and reduce our CO2 output by 20 percent. By 2015, our new company car policy will have made a substantial contribution to this effort, cutting our CO2 emissions by some 10,000 tons.

—Barbara Kux, Chief Sustainability Officer


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