Siemens is to launch a CO2 reduction programme in the next fiscal year, which aims to achieve a net-zero carbon footprint by 2030.

The move prioritises the use of distributed energy and starts with a €100m investment over the next three years to reduce the energy footprint of its production facilities and buildings.

The German company plans to cut its carbon dioxide (CO2) emissions – which currently total about 2.2m tonnes a year – in half by 2020.

It said that by investing in innovative technologies, such as energy management systems and automation systems for buildings and production processes, its energy costs could be cut by €20m a year.

In the long term, the company said it will apply three additional levers to reduce CO2 emissions.

Distributed energy systems will be used at its production facilities and office buildings to optimise energy costs. In addition low-emission vehicles and e-mobility concepts are to be deployed in its global car fleet.

It will also move toward a clean power mix by increasingly tapping sources of energy ‒ such as natural gas and wind power.