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Siemens Energy AG

ISIN: DE000ENER1T1 | Germany | Europe
Score 2 - Moderate
Full assessment

Siemens Energy AG has established a centralized Government Affairs function to align its climate-related policy advocacy, with the Global Government Affairs team reporting directly to the CEO to ensure "high visibility and accountability of the overall policy alignment on all climate and energy related issues worldwide." Direct lobbying activities are managed through processes where "any policy outreach on a country level is coordinated and supervised by the Global Government Affairs team, and, with regular reporting to the CEO," and climate issues are synchronized through "close coordination between the Government Affairs department and the Sustainability Office" to maintain consistency in strategy and communication. The Government Affairs department further "collaborates closely with the Divisions ... via the regularly established calls/exchanges with Strategy Departments of different Divisions," organizing workshops and scheduling regular alignment calls across regions. The company also confirms "Yes" when asked if it publicly commits its engagement to the goals of the Paris Agreement. However, we found no evidence of formal mechanisms for overseeing its indirect lobbying through trade or industry associations, nor of an independent audit or third-party review of its climate lobbying activities, which limits transparency in that area.

This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in Europe or all companies in Germany.