Company: Siemens AG
Brand value: US$14,338 million
Change since 2019: -7%
Headquarter city: Berlin/Munich
Year formed: 1847
Siemens is the largest manufacturing company in Europe, best known to consumers for its range of high-end home appliances and electronics. The conglomerate also works in the lighting, medical, transport, energy and building sectors, with a focus on electrification, automation and digitization. The business has been growing due to increased orders; in late 2019, orders were up 8 percent to €24.5 billion for the third quarter, and revenue was 4 percent higher than the same period a year earlier. The Siemens brand promises “Ingenuity for Life” and is driven by its Vision 2020 to make “things that really matter”, pursue sustainable growth, and give all staff responsibility for the company’s success. Siemens has pledged to contribute to the UN agenda 2030 for Sustainable Development. Through Safe Water Enterprises, co-founded by Siemens Stiftung, it supplies around 20,000 liters of drinking water in East Africa. The business employs around 377,000 people worldwide.