The industrial world is confronted with tremendous challenges. Because our planet‘s resources are finite, we must achieve more with less. The Siemens Digital Enterprise portfolio helps us mas- ter this challenge by combining the real and digital worlds to forge a single, continuous data stream. The comprehensive digital twin plays a key role in this endeavor. It collects data across the entire lifecycle of a product, from the initial concept to pro- duction and use. Our technologies of the future make it possible to understand this data and use finite resources more efficiently. This is how we strive to make industry more sustainable. Smart infrastructure is sustainable infrastructure. Siemens Smart Infrastructure combines the real and digital worlds across energy systems, buildings, and industries. This is how we seek to im- prove the way people live and work while also ensuring greater efficiency and sustainability. We work closely with customers and partners to create an ecosystem that addresses people‘s needs intuitively and also helps customers achieve their goals. It helps our customers be successful, moves communities forward, and supports sustainable development to preserve our planet for the next generation. Siemens Healthineers aspires to shape the healthcare of the future. As one of the world‘s leading medical technology com- panies, it helps healthcare providers everywhere in the world develop precision medicine, reimagine healthcare, improve the patient experience, and digitalize healthcare industry. Siemens Healthineers is continually upgrading its portfolio of products and services with AI-supported applications and digital offerings that will play an increasingly important role in the next genera- tion of medical technology.All strategic sustainability activities are overseen by our Chief Sustainability Officer (CSO). The CSO is a member of the Siemens Managing Board and chairs the Siemens Sustainability Board (SSB), which is composed of representatives of the businesses, countries, and units with governance responsibilities (technical and professional functions). The SSB is the central steering com- mittee for the strategic development of sustainability at Siemens, and makes decisions regarding key sustainability matters. Where necessary, the Managing Board addresses sustainability-related risks and opportunities of strategic and company-wide impor- tance, and adopts appropriate measures. For example, it was the Managing Board that adopted the DEGREE sustainability frame- work in fiscal 2021. The SSB motivates and supports the consid- eration of sustainability aspects when making business decisions. At quarterly meetings, the SSB discusses and defines strategic sustainability topics. For example, it assesses the progress of our DEGREE ambition, nonfinancial reporting, rankings and ratings. The SSB adopts relevant sustainability measures and initiatives or submits recommendations for action to the Managing Board. At Siemens, we bundle our binding targets and measures relating to climate protection under “D” (Decarbonization) in our DEGREE sustainability framework. For our KPI “Net Zero operations by 2030,” we have accelerated our reduction target for our business operations (Scopes 1 and 2) for Siemens without SHS to – 55% by 2025 compared to 2019. By 2030, we aim to reduce emissions by 90% instead of 50% compared to 2019. As set out in the DEGREE framework, we also aim to reduce upstream supply chain emissions 20% by 2030 (compared to base year 2020) and then reduce them to Net Zero by 2050. After 2030, we will continue to focus on implementing carbon reduction measures in our operations. We will then offset the remaining GHG emissions with CO2 certificates that meet estab- lished standards in order to keep our Net Zero 2030 pledge. An internal offsetting guidance has laid the basis for purchasing CO2 certificates. This guidance is meant to ensure the consistency and quality of offset programs.