Many SRI funds include investments made in nuclear power and arms. A company that is on both business segments and still included in numerous sustainability fund for years, the Munich-based technology company Siemens AG.
Siemens AG is a versatile conglomerate. It is now one of the world's largest wind turbine manufacturers and expects the division will Renewable Energy in fiscal year 2010 around 3.4 Billion € turnover . Siemens releases comprehensive sustainability reports. All 'the Company's stock in the sustainability indices like the Dow Jones index Sustainabillity and has brought in so many sustainable equity funds.
The construction of the new Finnish nuclear power plant Olkiluoto 3 Siemens is a partner of the French Areva although still involved, but tries to exit. Which in turn would mean not the end of Atomengagmenents from Siemens. But Siemens has two investments in nuclear power and military technology: First, the 49-percent stake in defense contractor Krauss-Maffei Wegmann (KMW). It has about 3,400 employees and provides, inter alia, the tanks Leopard 1 and 2 ago. The technology group includes the other 34 percent of the French group Areva NP, headquartered in Paris. This is a nuclear power company with around 18,000 employees.
Siemens is currently in the process, however, to separate from the two companies. confirmed Consolidated spokesman Wolfram Trost on demand ECOreporter.de. The joint venture began with the French energy group Areva in 2000 for participation in the tank manufacturer KMW came about 2,001th In enforcing the separation of the KMW missing only the approval of the competition, which was to be expected for the first quarter of 2011 as consolation. At the stake in Areva NP, there is an arbitration procedure, in which the current value of the company being investigated, the more comfort. The deadline for the end of the Areva joint ventures run "no later than the end of January 2012." Since Siemens has the two companies no controlling interest transactions, the Group turnover is not itself
The "eco-equity funds" received " Feri Award 2011 "of € Feri Rating & Research GmbH in Bad Homburg in the category of sustainable equity fund excellent (ECOreporter.de reported). He follows, according to its fund management, a zero-tolerance policy against companies that their money with military or nuclear energy . Earn That the fund still from August to November 2010 a total of three months on Siemens shares began - in the meantime with a fund share of 1.5 percent - is for the relevant Fund Manager of DZ Privatbank, Michael Molter, no breach of the sustainability criteria of the fund . "Sometimes there are borderline cases, such as occurred at Siemens. In our view, violated the investment criteria are not, "said the manager over ECOreporter.de.
The fund manager had agreed with the independent investment committee of the Fund on a waiver on the Company's stock. "Siemens is currently with 7.6 billion Euro world's largest sales in green technologies. " This consisted of the categories of" Renewable Energy "(90 percent wind power, 10 percent of solar thermal power plants and large-scale photovoltaic projects)," Power and Transmission "(most of connecting offshore wind farms) and" Power Distribution "(mainly so-called smart-grid solutions) together, Molter added:". has convinced us above all the clear trend of corporate policy in this direction, "Siemens manufacture including steam turbines, both in nuclear power plants and in at Renewable energy systems the world would come. In the "hot" Siemens nuclear process is therefore not involved.
Siemens returns with the exit from Areva NP of nuclear power but probably not back: "We think nuclear energy is one of a reasonable energy to," says Siemens spokesman clear consolation. Media reports that Siemens might seek after the departure of one Areva nuclear energy joint venture with the Russian state company Rosatom commented, comfort, referring not to the arbitration case with Areva. "Establish whether and how Siemens is a joint venture with Rosatom, is questionable," said DZ Bank-Fund Manager Michael Molter. "The joint venture could also include a subcontracting agreement limit for the conventional part of the power plant technology, "he suggested.
Conclusion: Siemens is certainly a large market players in the renewable energies. Nevertheless, the stock has lost nothing in SRI funds, which exclude investments in nuclear power and arms.
Source: EcoReport
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