Siemens Social Performance Essay Example | Topics and Well Written Essays - 1250 words

Siemens Social Performance - Essay Example Siemens’ network has involved in different social and environmental aspects and the always act as a rich asset to different stakeholders in the business. They are socially committed and always remain the frontrunner in keeping the society safe and the environment hazard free. This international firm has put their investments in the ecological shelter and the industrial protection to preserve their potential feasibility and the extensive period of prosperity. They have also developed their pioneering machinery and tools for the management of wastewater to relieve the public of the problems associated with scarcity of water. â€Å"Siemens has developed alternating-current drive systems for the heavy trucks that transport the material at opencast mines. They ensure that diesel engines run within their optimal speed ranges. Compared with conventional diesel drives, these diesel-electric drive systems not only have a lower environmental impact, but also save fuel and cut operating costs. Gearless drive systems (GD) also help to reduce energy consumption.† (Environmental Issues and Social Aspects Make New Investments Necessary in Mining Area 2010). Currently, they have new programs like Siemens Generation21 and Siemens Caring Hands intended to serve the community in different ways. Siemens Generation21 is targeted for the education of youth all over the world to provide them a bright future. With these, they are helping the students with learning materials, research funds, and other training programs. Siemens have developed the Caring Hands program to help the public when they require it most through the contributions and social supports. â€Å"It covers a wide scope of activities including volunteering, disaster relief, social sponsorship, and supporting or donating funds to good causes.† (Corporate Social Responsibility