Siemens Limited Announces Business Responsibility and Sustainability Report for FY 2024-26
Siemens Limited has released its Business Responsibility and Sustainability Report (BRSR) covering the 18-month period from October 1, 2024, to March 31, 2026. The report highlights the company's progress in aligning with its DEGREE Sustainability Framework, which focuses on Decarbonization, Ethics, Governance, Resource Efficiency, Equity, and Employability.The disclosure includes a Reasonable Assurance Report on BRSR Core indicators provided by Price Waterhouse Chartered Accountants LLP. The reporting period reflects a transitional financial year as the company moved to a uniform financial year commencing on April 1st.
Operational Overview and Product Portfolio
Siemens Limited operates across various segments, with manufacturing accounting for 93% of its turnover. The core business activities include:| Activity Description | % of Turnover |
|---|---|
| Manufacture of electric motors, generators, transformers, and electricity distribution/control apparatus | 65.3% |
| Manufacture of railway locomotives and rolling stock | 18.1% |
| Manufacture of general-purpose machinery | 9.8% |
The company maintains a significant presence across India, operating in 28 states and 8 Union Territories, with additional operations in 6 international countries. Exports contribute to 13% of the total turnover.
Workforce and Inclusion
The company reported a total workforce of 6,912 employees and 1,146 workers as of March 31, 2026. The report emphasizes the role of human capital in driving long-term performance, supported by a "Zero Harm" culture and inclusive workplace initiatives.| Employee Category | Total (A) | Male (B) | % (B/A) | Female (C) | % (C/A) |
|---|---|---|---|---|---|
| Permanent Employees | 4,969 | 4,014 | 80.8% | 955 | 19.2% |
| Other than Permanent | 1,943 | 1,872 | 96.3% | 71 | 3.7% |
| Total Employees | 6,912 | 5,886 | 85.2% | 1,026 | 14.8% |
| Permanent Workers | 1,110 | 1,024 | 92.3% | 86 | 7.8% |
| Other than Permanent | 36 | 36 | 100% | 0 | 0% |
| Total Workers | 1,146 | 1,060 | 92.5% | 86 | 7.5% |
The report notes that the company maintains an active grievance redressal mechanism for employees and workers, with 0 complaints received during the current financial year regarding working conditions or health and safety.
Environmental Stewardship and Resource Efficiency
Siemens Limited has set ambitious targets for decarbonization and resource efficiency. The company operates under a multi-faceted environmental strategy covering:- Climate Change: Transitioning to renewable energy and improving energy efficiency in manufacturing and infrastructure.
- Water Stewardship: Implementing Zero Liquid Discharge (ZLD) systems at major manufacturing units.
- Circular Economy: Focusing on waste reduction, high waste recovery rates, and eco-design practices.
Energy and Water Metrics
The following table summarizes the key environmental metrics for the reporting period:| Parameter | FY 2026 | FY 2024 |
|---|---|---|
| Total energy consumed (GJ) | 242,818 | 210,092 |
| Energy intensity (GJ/million rupees of turnover) | 0.93 | 1.03 |
| Total water withdrawal (kilolitres) | 338,242 | 319,769 |
| Water intensity (kl/million rupees of turnover) | 1.2 | 1.38 |
| Total Scope 1 emissions (Metric tonnes CO2e) | 4,915 | 7,448 |
| Total Scope 2 emissions (Metric tonnes CO2e) | 38,613 | 32,902 |
Waste Management and Circularity
The company manages a diverse waste portfolio, emphasizing the transition to "zero waste to landfill" by 2030. In FY 2026, the total waste generated was 29,920 metric tonnes, with 29,112 metric tonnes diverted from disposal through recycling and reuse efforts.| Waste Category | FY 2026 (Metric Tonnes) | FY 2024 (Metric Tonnes) |
|---|---|---|
| Plastic waste | 731 | 402 |
| E-waste | 377 | 159 |
| Construction & Demolition | 20,989 | 7,037 |
| Other Non-hazardous | 7,559 | 7,709 |
Corporate Social Responsibility (CSR)
Siemens Limited confirms that CSR is applicable as per Section 135 of the Companies Act, 2013. The company manages substantial social investments across various sectors including education, social development, and environment.| Metric | FY 2026 |
|---|---|
| Turnover (million ₹) | 261,074 |
| Net Worth (million ₹) | 135,255 |
Key flagship programs include the IGnITE Indo-German Initiative for Technical Education, Dual VET at Government ITIs, and Project Asha. The company reported reaching over 100,000 beneficiaries across various projects in FY 2026, with 100% of those beneficiaries belonging to vulnerable or marginalized groups.
Business Transactions and Related Parties
The report highlights the importance of transparency in transactions with related parties and trading houses. For FY 2026, purchases from trading houses accounted for 8.1% of total purchases, while sales to dealers/distributors represented 23.2% of total sales.| Parameter | FY 2026 | FY 2024 |
|---|---|---|
| Purchases from trading houses as % of total purchases | 8.1% | 3.4% |
| Sales to dealers/distributors as % of total sales | 23.2% | 19.5% |
| Purchases with related parties (as % of total) | 44.8% | 41% |
SIEMENS Stock Price Movement
Siemens Limited shares edged higher on Friday to settle at ₹3662.1, climbing 0.12% during the session. The stock traded with a volume of 339,615 shares as investors reacted to the price movement.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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