Climate Policy Engagement Analysis
*Siemens Energy AG was listed on the stock exchange in September 2020, following its spin-off from Siemens AG. As part of this spin-off, Siemens Energy AG also acquired a controlling stake in Siemens Gamesa Renewable Energy SA. This company profile includes evidence of lobbying by Siemens Energy AG and Siemens Gamesa Renewable Energy SA from September 2020. Siemens Gamesa was completely integrated to Siemens Energy in February 2023. Evidence of lobbying for the two entities prior to September 2020 can be found in our Siemens AG company profile here.
Climate Policy Engagement Overview: Siemens Energy is strategically engaged in climate-related policy and has publicly expressed support for climate action and the energy transition. However, its detailed policy positions appear less positive and while the company advocates for an expansion of renewable energy, it also supports a continued role for fossil gas in the energy mix.
Top-line Messaging on Climate Policy: Siemens Energy’s top-line communications on climate change are broadly positive. In a white paper, published in 2024, Siemens Energy stated that “tackling global warming is one of the most important and urgent challenges for society today”. Additionally, in the company’s 2024 sustainability report, published December 2024, it recognized the need for urgent action to combat climate change and for the need for government regulation to respond to climate change and also appeared to support the goals of the Paris Agreement. Siemens Energy CEO, Christian Bruch, is also vocal in his support for climate action, and advocated for more ambitious action at upcoming COP’s in a November 2024 LinkedIn post.
Engagement with Climate-Related Regulations: Siemens Energy is actively engaged on climate-related policy in Australia, the EU and the US, particularly related to renewable energy and hydrogen. In Australia, in July 2024 comments to the Australian Treasury, the company stated its support for the proposed hydrogen production tax incentive, including the proposed emissions intensity threshold for eligibility. However, Siemens Energy did not support the inclusion of additionality or time matching measures in the Hydrogen Headstart Program in its August 2023 consultation submission on the policy. The company took a mixed position on the proposed Guarantee of Origin Scheme for Australia in February 2023 comments, advocating for more ambitious vintage restrictions but not supporting the proposed well-to-user approach for emissions accounting.
In the EU, in a February 2023 consultation submission on the EU’s Electricity Market Design, Siemens Energy appeared unsupportive of measures to increase renewable energy, placing conditions on deployment of contracts-for-difference and Power Purchase Agreements and advocating for contracts-for-difference to be 'technology open'. Previously, in a June 2022 consultation submission, Siemens Energy appeared to advocate for the weakening of the EU Renewable Energy Directive Delegated Act on RFNBOs, by calling for a transitional phase/grandfathering clause until 2030 for strict additionality requirements on renewable hydrogen, and spatial and temporal matching.
In the US, Siemens Energysupported the Bureau of Ocean Energy Management's proposed Renewable Energy Modernization Rule in May 2023 comments, stating the policy would help achieve US renewable energy targets.
Positioning on Energy Transition: Siemens Energy appears to support the energy transition and an increase of renewables in the energy mix, while also appearing to advocate for the long term role for fossil fuels in the energy mix through its support for coal-to-gas switching. The company’s corporate website, accessed May 2025, describes fossil gas-fired power plants as part of a decarbonized future while also communicating the need for policy interventions to support a rapid transition towards renewable energy.
In the US, Siemens Energy has been active in its engagement with the Inflation Reduction Act Hydrogen Tax Credit. For example, in its February 2024 submission to the Internal Revenue Service, the company did not appear to support the proposed measures on temporal and spatial matching and additionality, advocating for some existing clean energy sources to be eligible as well as appearing to support fossil fuel facilities with carbon capture and storage to also be eligible. This is despite previously supporting the Congressional leadership to pass the clean energy tax credits in the Build Back Better Act in a January 2022 joint letter. Elsewhere, the company also appeared to not fully support the US Environmental Protection Agency (EPA)'s intent to reduce emissions from the power sector in May 2024 comments, advocating against a stringent regulation of carbon emissions from existing gas power plants. Calling for "technology-agnostic" compliance pathways that include "renewable natural gas" and facilitate a long-term role for fossil gas. Nevertheless, in a June 2023 UK consultation submission, Siemens Energy advocated for a net-zero electricity system in the UK by 2035 or sooner.
Industry Association Governance: Siemens Energy does not appear to disclose any information on its industry association memberships, nor has it published a review of its alignment with industry associations on climate change. Nevertheless, Siemens Energy is a member of the American Petroleum Institute, which actively and strategically engages against climate policy in the US, and a member of the Edison Electric Institute. In Europe, Siemens Energy is also a member of the Federation of German Industries (BDI) which have engaged on climate policy with varied positions, and a partner company of BusinessEurope, which has predominantly negative engagement with EU climate legislation.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q2 2025.