Measuring business success is way beyond profit

Today, we proudly announced the results of a study we conducted to quantify our impact on society in the UAE after almost four decades of operations. In a report titled ‘In the UAE, for the UAE – Making real what matters’, our aim was to identify the country’s future ambitions for a diversified, sustainable knowledge-based economy and look at how we were supporting them.

With the UAE declaring 2017 as the Year of Giving, contributing to knowledge transfer and developing local skills sum our most important forms of giving back. We have provided education and training programs to 150 young Emiratis during fiscal 2015, some of them were part of the UAE Youth Ambassadors Program.

But giving back stretches to other areas of the region. In Egypt, our megaproject is set to help the country save $1.3 bn in fuel costs annually due to the efficiency of our H-class gas turbines. In Jordan, through Siemens Stiftung, we’ve recently opened a solar-powered clinic to serve vulnerable communities from locals to refugees in Al Mafraq area.

Now, more than ever, companies need to re-evaluate their success based on their positive impact on people’s lives. We look forward to continuing to add value.