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Siemens Study Confirms "Greening" Corporate America

Siemens Study Confirms "Greening" Corporate America

Published 05-02-07

Submitted by Siemens

BUFFALO GROVE, Ill.--(BUSINESS WIRE)--May 2, 2007--Profitability of America's corporations will be closely tied to proactive sustainability practices and Green Building principles, according to findings from the new McGraw-Hill Construction (part of The McGraw-Hill Companies) SmartMarket(TM) Report: Greening of Corporate America commissioned by Siemens Building Technologies, Inc. and Siemens USA. The landmark study shows that most U.S. corporate leaders are interested in sustainability, with the majority looking at proactive ways to make it a consistent part of their mission.

According to the study's findings, 18 percent of responding corporate leaders are in the upper - or market transformational stages - with 15 percent viewing sustainability as a competitive advantage and three percent actually driving their entire businesses through this value-driven lens. Over the next three years, more companies see themselves as entering this top tier, with nearly a third of the sample aiming to be market leaders in sustainability.

Research analysis demonstrates that the majority of large U.S. corporations are poised to embrace Green as a cornerstone of their corporate philosophy. The data indicates a tipping point in corporate America, from those mostly uninvolved, to mostly involved in Green, will be reached in early 2009, but perhaps as soon as next year. That translates to 82 percent of corporate America greening at least 16 percent of their building stock.

"Today's corporate leaders are already very conscious of using green practices when considering new facilities, and they expect green building to have an increasing impact in the future," said Brad Haeberle, director of marketing, Siemens Building Technologies. "Moreover, they believe that green building is in their company's best interests, not only for the clear economic benefits, but for the market differentiation and competitive advantage," he added.

Rising energy costs were identified as a fundamental driver of green building in corporate America, with an overwhelming 75 percent of participants listing that trend as a major motivator. Haeberle concurs, "These results show us that the market can only grow for more efficient, clean-energy technologies, particularly as they relate to building design and operation."

"The numbers are very revealing and point to a highly positive trend," explains Harvey M. Bernstein, McGraw-Hill Construction vice president of Industry Analytics, Alliances and Strategic Initiatives. "Almost 60 percent recognize the value in sustainability concepts, even though the truly transformational companies are only at three percent. However, according to the top decision-makers in America's most important corporations, that is expected to triple, with the 60 percent growing to 88 percent in just three years."

The study found that 63 percent of CEOs recognize financial benefits of green building and 67 percent see a specific operating cost benefit from Green. Additionally, 57 percent of respondents think green fosters innovation within their companies. Respondents clearly view both government and internal management as the strongest drivers pushing their organizations toward adoption of green policies and practices. Finally, 60 percent of CFOs see the market differentiation sustainability activities and green building can provide their companies as a definite benefit, with over half of the other executive respondents agreeing as well.

For those members of the press wishing to obtain a copy of McGraw-Hill Construction's SmartMarket(TM) Report: Greening of Corporate America please contact Steve Kuehn, media relations manager, Siemens Building Technologies via email:

As a leading provider of energy and environmental solutions, building controls, fire safety and security system solutions, Siemens Building Technologies, Inc., makes buildings comfortable, safe, productive, energy efficient and less costly to operate. With U.S. headquarters in Buffalo Grove, Ill., Siemens Building Technologies employs 7,200 people and provides a full range of services and solutions from more than 100 locations coast-to-coast. Worldwide, the company has 28,000 employees and operates from more than 500 locations in 51 countries.

Siemens USA is committed to sustainability not only through its own practices, but also by helping customers address their own sustainability needs through one of the world's broadest portfolios of energy and environmental care products. Siemens has built one of the world's largest water technology companies and its strong power generation base to include solutions in clean coal, wind and waste-to-energy, emission/pollution control, green buildings, ethanol plant controls and hybrid vehicles. In several of its non-energy businesses - lighting, transportation, industrial automation and healthcare - the company is also providing solutions that sustain natural resources and contribute to quality of life.

For more information on Siemens Building Technologies, visit:

Copyright Business Wire 2007

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Siemens Corporation is a U.S. subsidiary of Siemens AG (NYSE: SI), a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For more than 160 years, Siemens has built a reputation for leading-edge innovation and the quality of its products, services and solutions. With 405,000 employees in 190 countries, Siemens reported worldwide revenue of $102.9 billion in fiscal 2010. Siemens in the USA reported revenue of $19.9 billion and employs approximately 62,000 people throughout all 50 states and Puerto Rico.

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