At Siemens, we believe companies only really succeed if they add lasting value to the economy and society they are in. Corporate success is much more than profit. Big and small businesses must demonstrate how their business interests play an active role in the national economic and societal development so they can be a force for good.
We have developed a bespoke approach to guide us in our sustainability efforts, to demonstrate the value which Siemens can bring to the society.
The insights of our Business to Society Analysis also help us to address the topics that are important to our customers, employees, suppliers, communities and stakeholder groups in the country. Business opportunities and improvement actions derived from these topics will be integrated into our future operations.
Through our research and analysis we have identified 5 key pillars that set the framework to measure Siemens' contribution to the social and economic prosperity of Singapore. For each of the pillars we highlight the key insights gained and metrics used in the value map.
It is a different way of looking at things - moving beyond traditional financial reporting to measure the value and benefits we've created for Singapore.