Company Directory - Siemens Energy AG
Company Details - Siemens Energy AG
Siemens Energy AG
WebsiteMunich, Germany
Siemens Energy is a global energy technology company that provides a wide range of products and solutions across the energy sector.
CCI Score
CCI Score: Siemens Energy AG
12.43
Latest Event
Modern Slavery Statement
Siemens Energy AG reaffirms its commitment to combat forced labor, slavery, and human trafficking in its Modern Slavery Statement, reinforcing ethical labor practices and respect for human rights.
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SABOTEUR
Siemens Energy AG is currently rated as a Saboteur.
Latest Events
- JAN012025Modern Slavery Statement
77.68
Siemens Energy AG reaffirms its commitment to combat forced labor, slavery, and human trafficking in its Modern Slavery Statement, reinforcing ethical labor practices and respect for human rights.
+80
Labor Relations and Human Rights Practices
March 20
Siemens Energy AG's Modern Slavery Statement underscores a strong commitment to human rights by explicitly rejecting forced labor, slavery, and human trafficking. This proactive measure strengthens ethical labor practices and aligns with anti-fascist and progressive corporate standards by protecting vulnerable workers.
- DEC312024
OpenSecrets data indicates that Siemens Energy spent $1,400,000 on federal lobbying in 2024, raising concerns about corporate influence in shaping policy in ways that may support authoritarian practices.
-50
Political Contributions and Lobbying Efforts
March 20
The reported $1,400,000 lobbying expenditure by Siemens Energy in 2024 underscores significant efforts to influence political processes. From an anti-fascist perspective, such extensive lobbying is concerning as it can facilitate policy shifts that favor authoritarian interests. This activity potentially undermines democratic accountability and transparency.
- JAN012024Siemens Energy Lobbyists
-43.92
Siemens Energy spent $1.4M on lobbying efforts in 2024, reflecting significant political influence activities that may undermine democratic processes by potentially favoring authoritarian policies.
-50
Political Contributions and Lobbying Efforts
March 20
The report that Siemens Energy spent $1,400,000 on lobbying in 2024 suggests an aggressive approach to influencing political decisions. Such financial leverage in policy-making can be seen as an effort to shape regulations in ways that might support authoritarian practices. From an anti-fascist perspective, large-scale lobbying undermines democratic transparency and accountability.
- NOV132023
In response to allegations regarding migrant worker rights violations among subcontractors in the UAE, Siemens Energy emphasized its commitment to upholding human rights through established policies and a Code of Conduct for Suppliers, while also initiating an investigation following reports by Equidem.
-20
Labor Relations and Human Rights Practices
March 20
Siemens Energy acknowledged allegations of migrant worker rights violations within its subcontractor network in the UAE. Although the company cites robust human rights policies and supplier codes of conduct, the existence of these allegations raises concerns about enforcement and effective protection of labor rights.
Siemens Energy response to allegations of migrant worker rights violations in the UAE
-20
Supply Chain Ethics
March 20
While Siemens Energy emphasizes its use of a Code of Conduct for Suppliers and training initiatives to uphold ethical sourcing, the report of migrant worker rights violations within its supply chain indicates potential weaknesses in oversight and enforcement of these standards.
Siemens Energy response to allegations of migrant worker rights violations in the UAE
- OCT012023
Siemens Energy AG has published a Supplier Code of Conduct that mandates the elimination of forced labor and enforces fair labor practices, thereby strengthening labor rights and ethical supply chain management.
+90
Labor Relations and Human Rights Practices
March 20
The company's code of conduct explicitly prohibits forced labor and promotes fair wages, reasonable working hours, and the right to unionize. This proactive stance in upholding labor rights aligns with best practices and supports workers' protections.
+90
Supply Chain Ethics
March 20
The documented requirements for suppliers ensure that ethical practices are maintained throughout the supply chain. By demanding adherence to strict labor standards and the elimination of forced labor, Siemens Energy demonstrates a commitment to ethical sourcing and supply chain integrity.
- JAN012023
Siemens Energy’s compliance page reinforces its commitment to ethical business practices by emphasizing zero tolerance for corruption, fair competition, and the protection of human rights through confidential reporting channels. This initiative supports the safeguarding of worker rights and transparency, aligning with anti-authoritarian and anti-fascist principles.
+80
Labor Relations and Human Rights Practices
March 20
Siemens Energy’s compliance framework, which emphasizes internal reporting on corruption, fraud, and human rights issues, reflects a strong commitment to ethical business practices. This proactive approach in protecting employee rights and ensuring fair labor practices contributes positively to resisting authoritarian tendencies.
- JAN012022
Siemens Energy's government affairs page details its approach to political communication, policy advocacy, and lobbying. From an anti‐fascist perspective, such organized lobbying activities raise concerns about potential corporate complicity in influencing political decision‐making processes in ways that may favor authoritarian agendas.
-30
Political Contributions and Lobbying Efforts
March 20
Siemens Energy AG explicitly defines its political activities to include communication, policy advocacy, and lobbying efforts. From a left-leaning anti-fascist perspective, this kind of corporate lobbying is worrisome as it may exert undue influence on political processes, supporting a system where corporate interests align with policies that could enable authoritarian practices.
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- Other Electric Power Generation
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- Turbine and Turbine Generator Set Units Manufacturing
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- Motor and Generator Manufacturing
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- Engineering Services
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- All Other Miscellaneous General Purpose Machinery Manufacturing