Siemens : Business Responsibility Report 2021

Business Responsibility Report FY 2020-21

Section A: General Information about the Company

1. Corporate Identity Number (CIN) of the Company: L28920MH1957PLC010839
2. Name of the Company: Siemens Limited
3. Registered Address: Birla Aurora, Level 21, Plot No.1080, Dr. Annie Besant Road, Worli, Mumbai-400030
4. Website: https://www.siemens.co.in/
5. E-mailid: [e-mail]
6. Financial Year Reported: 1st October 2020 - 30th September 2021
7. Sector(s) the Company is engaged in (industrial activity code-wise)
   Power generation, transmission and distribution, intelligent infrastructure for buildings, distributed energy systems, automation and digitalization for discrete and process manufacturing industries, intelligent mobility solutions for rail and road transport.

Industrial	Description
Group
271	Manufacture of electric motors, generators, transformers and electricity distribution and control
	apparatus
281	Manufacture of general purpose machinery
279	Manufacture of other electrical equipments
261	Manufacture of electronic components and optical products
302	Manufacture of railway locomotives and rolling stock
331	Repair of fabricated metal products, machinery and equipments
332	Installation of industrial machinery and equipments

List three key products/services that the Company manufactures/provides (as in balance sheet)

• Switchgear Items
• Switchboards, control boards and miscellaneous accessories
• Transformers, Turbine and Motors

For additional information on products and solutions, please refer to the Annual financial statements and Management Discussion and Analysis Report.

8. Total number of locations where business activity is undertaken by the Company

1. Number of International Locations: Siemens Limited has 2 international locations - Sri Lanka, Bangladesh.
2. Number of National Locations: Siemens Limited has 34 locations including factories across India.
3. Markets served by the Company - Local/State/National/International: Siemens Limited has a pan-Indiapresence and supports Siemens business in Bangladesh, Nepal, Bhutan and Sri Lanka.

Section B: Financial Details of the Company

1. Paid up Capital (INR Million): 712
2. Total Turnover (INR Million): 131,045
3. Total profit after taxes (INR Million): 11,030
4. Total Spending on Corporate Social Responsibility (CSR) as percentage of profit after tax (%): 2.0% (of average net profit for previous three years)
5. List of activities in which expenditure in 4 above has been incurred: The three thematic areas of the CSR projects are as follows:
6. 1. Education
   2. Social
   3. Environment

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The list of projects where the expenditures were incurred is available at the link:

https://assets.new.siemens.com/siemens/assets/api/uuid:b624cbce-72f2-4b63-8d48-9ea2a091f9cb/ SiemensLimitedCSRProjectsFY21.pdf

Section C: Other Details

1. Does the Company have any Subsidiary Company/ Companies?
   Siemens Rail Automation Pvt. Ltd and C&S Electric Limited with effect from 1st March 2021 are subsidiary companies as of 30th September 2021.
2. Do the Subsidiary Company/Companies participate in the BR Initiatives of the parent company? If yes, then indicate the number of such subsidiary company(s)
   Yes, Siemens Rail Automation Pvt. Ltd. a wholly owned Subsidiary Company participates in the BR initiatives of the parent Company.
3. Do any other entity/entities (e.g. suppliers, distributors etc.) that the Company does business with participate in the BR Initiatives of the Company? If yes, then indicate the percentage of such entity/entities? [Less than 30%, 30-60%, More than 60]
   It is mandatory for all the channel partners, suppliers, vendors, NGOs and contractors to adopt the Code of Conduct for Siemens Suppliers which contains the basic principles and rules for business conduct.

Section D: BR Information

1. Details of Director/Directors responsible for BR

1. Details of the Director/Directors responsible for implementation of the BR policy/policies.
    DIN: 02261944
    Name: Mr. Sunil Mathur
    Designation: Managing Director and Chief Executive Officer
2. Details of the BR head

S. No.	Particulars	Details
1.	DIN Number (if applicable)	----
2.	Name	Lakshmi Chatterjee
3.	Designation	Head of Strategy & Sustainability
4.	Telephone number	1800 209 1800
5.	E-mail id	[e-mail]

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2. Principle-wise (as per NVGs) BR Policy/policies (Reply in Y/N)

S.

Questions

P1

P2

P3

P4

P5

P6

P7

P8

P9

No.

1.

Do you have policy/policies

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

for...

2.

Has the policy being

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

formulated in consultation

with the relevant

stakeholders?

3.

Does the policy conform to

The policies are in line with international standards and practices such as ISO

any national /international

14001, BS OHSAS 18001, UNGC Guidelines, UN Human Rights Declaration

standards? If yes, specify?

and European Human Rights Convention; ILO Principles, OECD Guidelines for

Multinational Enterprises, UN Convention against Corruption; IFRS as issued

by the IASB.

4.

Has the policy been

Significant policies are formulated at Siemens Group level in Germany.

approved by the Board?

The policies are adopted by Siemens Limited in India with Board level

If yes, has it been

undertaking to the Group on implementation of key policies in India. The

signed by MD/ owner/

policies pertaining to local legislations and systems are approved and signed

CEO/ appropriate Board

by relevant senior management personnel.

Director?

5.

Does the Company have

The Company has a well-established internal governance structure to ensure

a specified committee

the implementation of various policies, internal regulations and procedures.

of the Board/ Director/

The Company has internally mapped all policies, internal regulations and

Official to oversee the

procedures to business functions responsible for implementation. The MD/

implementation of the

CEO has the ultimate responsibility to oversee implementation of all policies.

policy?

Siemens Limited reviews the implementation of policies through its internal

audit and risk management process.

6.

Indicate the link for the

Siemens Business Conduct Guideline is available at:

policy to be viewed online?

https://new.siemens.com/in/en/company/investor-relations/business-ethics.

html

Siemens Compliance policy is available at:

https://new.siemens.com/in/en/company/investor-relations/business-ethics.

html

Siemens Safety, Health and Environment policy is available at:

https://new.siemens.com/in/en/company/sustainability.html

Siemens CSR policy is available at:

https://assets.new.siemens.com/siemens/assets/api/uuid:be123153-67bc-

4f31-9856-46c12634b6cd/SiemensLimitedCSRPolicy11May2021.pdf

All other policies are available on the Company's internal network.

7.

Has the policy been

Yes. All the policies communicated to internal stakeholders are available on

formally communicated

the internal network. Policies communicated to external stakeholders are

to all relevant internal and

available on the Siemens website.

external stakeholders?

8.

Does the Company have

Yes. There is an in-house structure with clearly defined roles and

in-house structure to

responsibilities that are periodically reviewed under the Internal Risk

implement the policy/

Management Framework.

policies?

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9.	Does the Company have	Yes. The Company's stakeholder grievance is covered by the Code of
	a grievance redressal	Conduct for Suppliers and Business Conduct Guidelines. In order to ensure
	mechanism related to the	integrity and transparency of business processes, there is a system in place
	policy / policies to address	to identify any non-compliance and violations of the Siemens Business
	stakeholders' grievances	Conduct Guidelines. The tool, "Tell Us", can be used for whistle blowing
	related to the policy/	and redressal of other grievances by employees, customers, suppliers and
	policies?	other stakeholders 24/7 worldwide either online or by telephone, and in any
		of the 150 languages. All the concerns reported on "Tell Us" are addressed
		through proper channels and if found to have merit, disciplinary action is
		taken. There is also an ombudsman in place where grievances can be raised.
		Employees and third parties can confidentially and anonymously confide
		in these impartial professionals should they observe improper business
		practices in the Company. Siemens has a Business Enquiry Helpline number
		(1800 209 1800) to register any complaints. Siemens also has a "Contact Us"
		page through which customers and other stakeholders can register queries
		on investor relations, press and media, general or other enquiries.
10.	Has the company carried	Yes. The Company's policies and procedures are supported by Internal Risk
	out independent audit/	Controls. These risk controls are continually evaluated for their efficacy
	evaluation of the working	through internal audit mechanism and are also subject to external audits.
	of this policy by an internal
	or external agency?

2a. If answer to S. No. 1 against any principle, is 'No', please explain why: (Tick up to 2 options)

Not applicable, as Siemens Limited has policies in place for all the 9 Principles

3. Governance related to BR

• Indicate the frequency with which the Board of Directors, Committee of the Board or CEO assesses the BR performance of the Company. Within 3 months, 3-6 months, Annually, more than 1 year
  The BR performance is reviewed quarterly by the CEO.
• Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How frequently it is published?
  Siemens Limited has been publishing a Business Responsibility Report annually since eight years. The reports can be viewed at following URL https://new.siemens.com/in/en/company/investor-relations/annnual-report.html

Section E: Principle-wise performance

PRINCIPLE 1: BUSINESSES SHOULD CONDUCT AND GOVERN THEMSELVES WITH ETHICS, TRANSPARENCY AND ACCOUNTABILITY

1. Does the policy relating to ethics, bribery and corruption cover only the company? Yes/ No. Does it extend to the Group/Joint Ventures/ Suppliers/Contractors/NGOs/Others?

Siemens Limited holds the highest standards of integrity and behavior, ensuring compliance and adherence to the law and internal regulations through the Siemens Compliance System. Compliance is firmly embedded throughout the Company - not only through internal regulations, related processes and controls, but also through requirement for all Siemens managers to actively take responsibility, ongoing communication and training measures that help to strengthen the culture of integrity in Siemens. "Always act as if it were your own company" - This maxim of an active ownership culture applies to every individual - from Managing Board members to trainees. Every employee takes responsibility for Siemens' success and for ensuring that this success is achieved in an exemplary manner - in accordance with our corporate values. This is the overarching element of the Siemens Compliance System with its three action levels: Prevent, Detect and Respond. Siemens Limited. has zero tolerance for corruption and violations of the principles of fair competition. Siemens Limited. has adopted the Business Conduct Guidelines (BCG), which details the minimum acceptable ethical and responsible business practices for employees, channel partners, suppliers, vendors, NGOs and contractors. The Company is committed to transparency and best practices are also extended to suppliers through the Code of Conduct for

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suppliers, channel partners and other external stakeholders. This code warrants compliance with laws prohibiting child labor, taking responsibility for the health and safety of their employees and ensuring that suppliers act in accordance with applicable statutory and international standards regarding environmental protection and human rights. The effectiveness of compliance at Siemens Limited. rests on the Company-wide governance performed by Compliance organization, supported by clear reporting lines.

2.	How many stakeholder complaints have been received in the past financial year and what percentage was
	satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so.
		Received in 2020-21	Percentage satisfactorily resolved
			by the management
	Stakeholder complaints related to ethics,	22	82%
	bribery and corruption
	Siemens takes all matters raised concerning possible ethics & compliance breaches very seriously. These matters are
	recorded, evaluated and investigated in a transparent, fair and objective manner following the Siemens' laid down
	processes. For the year ended 30th September 2021, out of the total 22 such matters received, 21 were completed as on
	15th October 2021 and the one remaining matter is in finalization stage.

PRINCIPLE 2: BUSINESSES SHOULD PROVIDE GOODS AND SERVICES THAT ARE SAFE AND CONTRIBUTE TO SUSTAINABILITY THROUGHOUT THEIR LIFE CYCLE

1. List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and/or opportunities.
   Listed below are products and services which incorporate environment and safety risks/concerns
2. 1. Regenerative breaking in EMU Mumbai and Electric Locomotives
   2. Sinorix 227 and Sinorix 1230 Fire Extinguishing system
   3. Premium Efficiency Motors IE3 with CE Complaint Design
3. For each such product, provide the following details in respect of resource use (energy, water, raw material etc.) per unit of product (optional):
4. 1. Reduction during sourcing/production/ distribution achieved since the previous year throughout the value chain?
   2. 1. Sinorix 227 and Sinorix 1230 Fire Extinguishing system
         Sinorix 1230 and Sinorix 227 are room protection systems. Both systems are using chemical agents to absorb the heat and thus extinguish the fire. Sinorix 1230 uses 3M Novec 1230 Fire Protection Fluid and Sinorix 227 uses HFC 227ea.
         Sinorix 227ea Fire Extinguishing system
         With an ozone depletion potential of 0, it has no influence on the ozone layer. Extinguishing without leaving any residue and without risk of corrosion is the optimal prerequisite to contain for example a smoldering fire in electrical switching rooms, telecommunication systems, data centers or server rooms - before it even gets started. Sinorix 227 extinguishing solutions provide optimal protection against risks of fire and allows fast, reliable extinguishing.
         Sinorix 1230 Fire Extinguishing system
         Sinorix 1230 reacts rapidly with superior extinguishing properties - protecting valuable assets and ensuring extinguishing without negative impact on the environment. The agent is also non-toxic,non-flammable and non-explosive. The Sinorix 1230 fluid has zero ozone depletion potential. The Sinorix 3M™ Novec™ 1230 Fire Protection fluid is non-corrosive and non-conductive and does not damage high-value assets such as delicate electronics. Environmentally friendly and Novec 1230 fluid is safe for people thanks to one of the highest safety margins.
         Maintaining process loss of HFC 227ea gas during gas filling process at 1.6% against consumed quantity in FY21, thereby also reducing the CO2 emission.

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