Company Profiles
Portfolio 21 Holdings
- Abengoa
- Acciona
- Accor
- Adobe
- Agilent
- Air Liquide
- Air Products and Chemicals
- Applied Materials
- Atlas Copco
- Autodesk
- Aviva
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- Bristol-Myers Squibb
- British Land Company
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- BT Group
- Canadian Pacific Railway
- Canon
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- Dell
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- Deutsche Bank
- Deutsche Post
- Dexia
- East Japan Railway
- Eaton
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- EDF Energies Nouvelles
- Electrolux
- Ericsson
- Friends Provident
- Fuel Tech
- Gushan Environmental
- H. Lundbeck
- Henkel
- Hennes & Mauritz (H&M)
- Herman Miller
- Hewlett-Packard
- HSBC
- Husqvarna
- Hyflux
- Iberdrola Renovables
- IBM
- Intel
- Interface
- JM
- Johnson Controls
- Kao
- Kingfisher
- Kurita
- Linde
- Marks & Spencer
- Matsushita
- Mitsubishi Electric
- Mitsui O.S.K. Lines
- MTR
- Munich Re
- Nine Dragons
- National Express
- National Grid
- Natura Cosmeticos
- Netapp
- Nike
- Nokia
- Novartis
- Novo Nordisk
- Novozymes
- Olympus
- Ormat
- Philips Electronics
- Potlatch
- Praxair
- Prologis
- Red Electrica
- Reed Elsevier
- Royal Bank of Canada
- Schneider Electric
- Schnitzer Steel
- Severn Trent
- Sharp
- Shimano
- Siemens
- Skanska
- SKF
- Sompo Japan Insurance
- Sonoco
- Sony
- Staples
- STMicroelectronics
- Stora Enso
- Storebrand
- SunPower
- Suntech Power
- Svenska Cellulosa (SCA)
- Swedbank
- Swiss Re
- Swisscom
- Tandberg
- Teijin
- Telstra
- Telefonica
- TNT
- Tomra Systems
- Trex Company
- Trustpower
- UBS
- Umicore
- Unicredito Italiano
- United Natural Foods
- Verbund
- Vestas Wind Systems
- VMware
- Volvo Group
- Westpac Banking Corporation
- Whole Foods Market
- Xerox
Siemens
Germany
Siemens' President and CEO, Dr. Heinrich v. Pierer, says, "People alive today should be able to meet their needs without condemning later generations to life on a planet plagued by pollution, climatic disturbances and depleted resources." Based in Germany, Siemens offers a variety of products and services contributing to sustainable solutions, such as high efficiency lighting; alternative energy systems based on biomass, wind, and hydrogen fuel cells; and mass transit equipment like the light rail trains that we see in action in our home town of Portland, Oregon. Siemens estimates that its energy saving solutions for buildings have helped to save more than $1 billion in energy expense over the last ten years. The company recognizes end of life issues and produces a dishwasher that is 95% recyclable. Also, Siemens was the first to develop recycling concepts for the more than 5,000 lamp types that currently exist. While the company has significant work to do with environmental initiatives, it has awareness of ecological issues and focuses strategies to address them. Portfolio 21 encourages Siemens to produce regularly a comprehensive environmental report covering all of its business activities.
Sudan Concern
Siemens has been targeted by the Sudan Divestment Taskforce for its business dealings in Sudan. At the time it was targeted, the company's business in Sudan was insignificant relative to the company's overall business portfolio. Specifically, in 2005 annual sales from Sudan were less than one tenth of a percent of the company's total revenues. Portfolio 21 continued to hold Siemens, with hopes that the public pressure would encourage Siemens to extricate itself from Sudan. The campaign was a success: In January 2007, Siemens announced it would end its operations in Sudan by June 30, 2007, although will not exclude involvement in humanitarian activities organized by internationally recognized organizations. Read Portfolio 21's Globalization, Human Rights and Social Justice policy.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 7/15/07 and may not reflect current opinions or subsequent events.