Siemens Ltd has once again achieved top ranking in the Dow Jones Sustainability Index.
Compiled by the Swiss investment company RobecoSAM each year, the internationally renowned Dow Jones Sustainability Index (DJSI) has ranked Siemens first in the Capital Goods Industry Group, which includes about 350 companies from seven sectors.
Jeff Connolly, Chairman and CEO of Siemens Australia and NZ believes Australian companies need to rethink sustainability, extending it beyond its association with the ‘environment’ to a combination of economic, environment and social factors, as measured by the DJSI. Not only is Siemens sustainable internally, the company also designs its technology to help other companies achieve sustainability by improving areas such as productivity, reliability and efficiencies.
According to Connolly, it’s important for Australian companies to take action to secure their competitiveness and position in a fast-changing world market. Performance can be improved through a constant review of technology; describing being in business today to competing in a Formula 1 race, he adds that failure to look ahead and invest in the latest technology every year will only end up with the business not being in the race any more.
Siemens had a repeat performance this year on the Dow Jones Sustainability Index, scoring 93 out of a maximum of 100 points. Siemens has been represented every year since the DJSI was first published 15 years ago.
Siemens also took the top spot in the area of Industrial Conglomerates, where it was placed first among 46 companies including 3M, Philips and Toshiba.
Roland Busch, who is a member of the Siemens AG Managing Board and has special responsibility for sustainability observes that sustainability is crucial for Siemens AG's long-term economic success; achieving this recognition again confirms the strong emphasis placed by Siemens on sustainability.