Siemens AG said it intends to honour a controversial contract to supply signalling systems to an Australian coal mine, defying the demands of activists who said they will continue protests in Germany on Monday.
The company will establish a sustainability committee that will have the power to stop or escalate projects, but the company will ultimately continue with the Adani contract, Chief Executive Officer Joe Kaeser said in a statement on Sunday.
I do realise, most of you would have hoped for more, Kaeser said in the statement. While I do have a lot of empathy for environmental matters, I do need to balance different interests of different stakeholders.
