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Joy Simmons

on 4 July 2013

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Transcript of Siemens

Patrick Andrews Kwame Hagan Mark Neidigk
Joy Simmons

Corporate Social Responsibility and Sustainability
Early Years
Founded in 1847 by Werner von Siemens
World War 2
Post War Years
Key Strengths
SWOT Analysis
Key Challenges
Siemens is one of the worlds most sustainable companies

Recently signed the largest wind project ever undertaken by the Federal Government

Provide innovative docking solutions to Germany's busiest port.
CSR cont..
By implementing CSR Siemens is able to focus on various issues.

CSR efforts include:

St. Catherine’s Home, Mumbai

Tsunami Rehabilitation
Price Fixing Fine of 2007
Corporate Corruption in Greece
Sustainability cont..
Siemens’ environmental portfolio generated € 33.3 billion in 2012.

The green technology market is valued at € 2 Trillion and Is expected to reach € 4.4 Trillion by 2025.

Siemens recently received 3 awards regarding their sustainability efforts.
Corporate Social Responsibility (CSR)
Siemens believes CSR will lead to long-term growth for the company

Siemens' philosophy is not to simply hand over a check, but to support causes through participation.

This is achieved through their "Caring Hands" Program.
Regaining trust of investors


Top provider of energy worldwide


Offshore wind energy
Cut out spending

Focus on long term business ventures for acquisition

Re-enter nuclear energy industry

Make an effort to bring more consumer products to US market
Multinational Corporation
Communications and infrastructure.
Ardnacrusha Hydro Power Station
Nazi's Rise to power

Forced Labor


John Rabe
Move to Bavaria

Overseas Resurgence

Digital Telephone

Transrapid Maglev
Human Right Abuses and Complicity
Involved in a cartel between 1988 and 2004

11 companies involvement

Fined €396 million by European Commission
Chains of Bribery Scandal
Institutionalized bribery and corruption business model

Violated “The 11th Commandment: ‘Don’t get caught.” Mr. Siekaczek

Settled a record $1.6 billion in fines, largest in modern corporate history
Criticized by NGOs for providing power lines to Congo, but in essence, to run their own coltan mining operations

Exploitation of cheap labor in developing countries to work in their factories
Bribed Greece political leaders for about 10 years to be the sole provider of mechanical and electrical equipment in the country

Exposure of the corruption in 2008 led to Siemens officials being arrested in Greece
Full transcript