Siemens will partner with the United Nations-backed Global Manufacturing and Industrialization Summit (GMIS) to lead the development of a new generation of sustainable industry, which plays an active role in tackling global issues. Taking place in March 2017 in Abu Dhabi, UAE and co-hosted by the United Nations Industrial Development Organization (UNIDO), and the Government of the UAE, represented by Ministry of Economy, GMIS will bring together leaders from business, government and civil society to ensure the combination of technology and manufacturing – the fourth industrial revolution – is fully aligned with the United Nation's Sustainable Development Goals. «We are proud of this partnership with GMIS and UNIDO. Together we will shape the future of global industry. With Siemens› pioneering approach to the fourth industrial revolution, we will combine economic success and sustainability in support of the UN's development goals," said Joe Kaeser, President and CEO, Siemens AG. The 17 UN Sustainable Development Goals for 2030 put people, society and the environment to the fore, with ambitious targets to end poverty and hunger and to ensure fair work practices, gender equality and a clean environment. The Siemens partnership with GMIS aims to place manufacturing at the heart of global problem-solving and sustainable industrial development. Siemens, through its focus on electrification, automation and digitalization, has a major stake in global transformation across enterprise and the public sector. As part of its commitment to sustainable industrialization, Siemens aims to be the world›s first major industrial firm to achieve a net-zero carbon footprint by 2030, cutting its carbon dioxide (CO2) emissions in half by as early as 2020. To achieve these goals, the company will invest some €100 million over three years in order to reduce the energy footprint of its production facilities and buildings. Li Yong, Director General of UNIDO, welcomed Siemens' partnership with GMIS. "UNIDO values Siemens' support for GMIS. This signals the start of a long journey that can help bring solutions to some of the world's most pressing problems, as well as offer new pathways for transformation in global enterprises," said Director General Li. "GMIS is closely aligned with the Sustainable Development Goals, and UNIDO's global initiative to promote inclusive and sustainable industrial development. By creating a stage for policy-makers and business leaders to share knowledge, GMIS is building a powerful coalition for action in areas that matter to communities across developing and developed nations." The future of manufacturing will be powered by the Internet of Things (IoT), where Siemens is already a pioneer in the use of digital technologies, combining the physical and virtual worlds to connect people, machines, processes and data through devices and sensors. IoT, according to McKinsey & Company, has the potential to generate $11.1 trillion a year in economic value by 2025 and by focusing on electrification, automation and digitalization, Siemens has a key role to play in the increased productivity, flexibility and efficiency of a new generation of global manufacturing. "GMIS believes the new industrial revolution will depend on the support of strategic policy-making, the smart interplay of technology and human capital, and an environment with the right systems, structures and finance in place," said Eng. Sultan bin Saeed Al Mansouri, Minister of Economy in the UAE. "GMIS offers a forum where these priorities can be debated and explored, laying the basis for a roadmap that can be adopted by decision-makers the world over." In the run-up to GMIS in March 2017, the onboarding of further corporate partners will be announced. Plans for GMIS are being drawn up in collaboration with UNIDO, The UAE Government and strategic partners, The Economist Group, PwC and Thomson Reuters, are helping to shape the program and its outcomes.