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. Evidence of lobbying for the two entities prior to September 2020 can be found in our Siemens AG company profile here.

Climate Lobbying Overview: Siemens Energy appears to be actively engaged on EU climate policy. The company has communicated mixed positions on climate-related policy such as the EU ETS and has mixed engagement with the policies related to the energy mix, particularly concerning renewable energy and hydrogen. However, Siemens Energy’s subsidiary, Siemens Gamesa, has largely positive positions on climate policy and the energy mix.

Top-line Messaging on Climate Policy: Siemens Energy’s top-line communications on climate change are broadly positive. In its 2022 Sustainability Report, published December 2022, it stated support for emissions reduction in line with the 1.5 °C target and in a February 2021 consultation response, the company stated support for the EU’s goal to become carbon-neutral by 2050. In a separate February 2021 consultation response, Siemens Energy urged EU policymakers to support “quotas, targets and refinancing mechanisms” in climate policy as it “would be wrong to assume that the ETS alone can decarbonize all sectors”.

Siemens Gamesa has also supported ambitious climate action. In its Sustainability Strategy 2040, published in 2022, it stated support for emissions reduction in line with the 1.5 °C target and in an April 2022 Twitter post, Siemens Gamesa CEO, Jochen Eickholt, appeared to support French Climate Law, which also legislates a 2050 climate neutrality target. Siemens Gamesa has supported the Paris Agreement, including the US decision to re-join the agreement in February 2021.

Engagement with Climate-Related Regulations: Siemens Energy and Siemens Gamesa is actively engaged on EU climate policy with mixed positions. In a February 2021 consultation response on the EU ETS, the company supported a minimum carbon price floor for the EU ETS, but also supported the continuation of indirect cost compensation and carbon leakage protection measures which would weaken the policy’s ambition. In response to a February 2021 consultation on the EU ETS, Siemens Energy supported an increased carbon price but also supported continued carbon leakage protection without a phase-out plan.

On renewable energy policy and regulation, Siemens Energy appears to be mixed. In a consultation on the EU’s Renewable Energy Directive (RED) in June 2022, the company appeared to not support the policy’s proposal to consider capturing of emissions from non-sustainable sources as avoided emissions only until 2035, while in a previous consultation in December 2021, it appeared to not support the additionality principle in the EU's Delegated Act, instead advocating for flexible approaches and later phasing in renewable capacity requirements. Nevertheless, in a joint letter from December 2022 to EU policymakers, Siemens Energy supported ambitious targets for renewable fuels of non-biological origin to aid the development of hydrogen.

Siemens Gamesa also appears to support renewable energy regulation. In a joint letter from November 2022 to Czech policymakers, the company supported emergency regulation on accelerating renewables permitting to apply to all renewables permits, new and pending ones. In the US, Siemens Energy was part of a joint letter that directly advocated to Congressional leadership to pass the clean energy tax credits in the Build Back Better Act in January 2022.

Positioning on Energy Transition: Siemens Energy’s engagement on the energy transition appears to be mixed. In its February 2022 Q1 Earnings Call, Siemens Energy appeared to support the weakening of electricity generation thresholds in the EU Sustainable Finance Taxonomy to include fossil gas. However, the company also appears to support the development of renewable energy. In a February 2021 consultation response, the company supported carbon contracts for difference to facilitate the integration of renewable energy into the steel and chemical sectors, while in a March 2021 white paper on EU gas networks, the company appeared to support a “temporary” role for blue hydrogen made from fossil fuels, albeit with reference to the need for CCS.

Siemens Energy does appear to support the decarbonization of transport in Europe. In June 2022 Siemens Energy signed a joint letter supporting a 6% 2030 EU e-fuels target for shipping, alongside targets for sustainable e-fuel hydrogen refuelling infrastructure for shipping as part of the EU's Alternative Fuel Infrastructures Regulation. On its corporate website, accessed in 2021, the company also supported the use of zero-emissions hydrogen in transport and heavy industry while in a February 2021 consultation response on the EU ETS, it directly advocated for an ambitious e-fuels mandate for aviation. However, Siemens Energy also appeared to prioritize the need for e-fuels over electrification in road transport, which may promote a long-term role for ICE vehicles, in a consultation response in November 2021.

Siemens Gamesa appears to strongly support a transition of the energy mix. The company has consistently supported the expansion of green hydrogen and wind power in the US and the EU. In January 2023, Siemens Gamesa released its white paper titled ‘Scaling up the American wind industry’ in which it advocated for policy to aid the development of wind energy in the United States, citing the instability of fossil fuels as a result of the Russian invasion in Ukraine In the EU, in September 2022, it released a white paper titled ‘Why we need the European wind industry – and how to safeguard it’, in which it advocated for greater policy support for the development of wind energy, as well as appearing to support a reduction of fossil fuels in the energy mix. While in June 2022, a separate white paper on green hydrogen advocated for policy intervention in the EU to ramp up of renewables in the energy mix and for the development of green hydrogen.

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 lobbies against ambitious climate policy in the US, and a member of the Edison Electric Institute which has mixed engagement with US climate policy. In Europe, Siemens Energy is also a member of the Federation of German Industries (BDI) which have lobbied on climate policy with mixed positions in German, and a partner company of BusinessEurope, which has predominantly negative engagement with EU climate legislation.

Siemens Gamesa has disclosed some memberships to key industry associations in its Consolidated Non-Financial Statement 2021, but with limited details of their climate policy positions and engagement. A senior executive of Siemens Gamesa is on the board of directors at American Clean Power Association which engages positively on climate-related policy. Siemens Gamesa is also a member of other progressive industry associations, such as WindEurope in the EU and Clean Energy Council in Australia.

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 Q1 2023.