Siemens launches $100 million investment program to kick-start small and medium business sustainability journey
NEW YORK–(BUSINESS WIRE)–Today, Siemens Smart Infrastructure and Siemens Financial Services launched a $100 million investment program to advance the decarbonization goals of small and medium-sized businesses. This injection of capital will help American small and medium-sized businesses kick-start their decarbonization efforts.
As there is an increased focus on decarbonization and sustainability around the world, stakeholder and legislative pressures have been brought to bear across the entire supply chain. Small and medium-sized businesses represent more than 99% of the US economy and have a disproportionate impact on the country’s ability to meet national and global climate goals. Supplier emissions, known as Scope 3 emissions, represent the majority of a large organization’s total greenhouse gas emissions and are increasingly analyzed in the supplier selection process.
“Small and medium-sized businesses are the backbone of our economy, but they may not have access to the same capital as our country’s largest companies when it comes to making improvements in sustainability,” said Anthony Casciano, CEO of Siemens Financial Services, Inc. “With every part of the supply chain assessed, small businesses have the opportunity to make the changes needed to stay competitive. We are launching this loan program to ensure that the essential resources of these companies are available to keep pace with the climate goals of our country and our economy.
Companies interested in the program are encouraged to send an application expressing their commitment and challenges in implementing sustainable operations. Entities selected to participate in the program will consult with a team of Siemens finance and technology experts to create a customized end-to-end decarbonization roadmap. The evolutionary roadmap will integrate Siemens smart infrastructure sustainability-focused products, solutions and services, such as energy efficiency technologies, alternative renewable energy sources and electric vehicle charging infrastructure.
“A well-designed sustainability plan is now a business imperative for any business, and at Siemens, we take these commitments seriously, both internally within our own operations and for our customers,” said Ruth Gratzke, president of Siemens Smart Infrastructure USA. “In this program, we provide a comprehensive sustainability strategy that encompasses every step, from advisory services and financing solutions to cutting-edge technologies that make our clients efficient, resilient and sustainable. This capital is the fuel that will restart the process.
Capital is available for a wide variety of projects focused on reducing carbon emissions. Businesses interested in obtaining additional information about the Seed Investment Program can complete an inquiry form at http://www.usa.siemens.com/kickstarter and must meet basic solvency criteria. Those interested in a preliminary emissions assessment can use the Siemens Energy Configurator at eco-web.siemens.com/quick-check.
For more information on the Kick-starter Capital program and to submit an application for consideration, please visit www.usa.siemens.com/kickstarter
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Siemens Intelligent Infrastructure (IS) is shaping the smart and adaptive infrastructure market of today and tomorrow. It responds to the urgent challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides its customers with a complete end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation to consumption. With an increasingly digital ecosystem, it helps customers prosper and communities progress while contributing to the protection of the planet. SI creates caring environments. With approximately 70,000 employees worldwide, Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and its US headquarters in Peachtree Corners, Georgia, USA.
Siemens Financial Services (SFS) – the finance arm of Siemens – provides business-to-business financial solutions. A unique combination of financial expertise, risk management and industrial know-how enables SFS to create innovative, tailor-made financial solutions. With these, SFS facilitates growth, creates value, improves competitiveness and helps customers access new technologies. SFS supports investments with equipment finance and leasing, corporate loans, equity investments, and project and structured finance. www.usa.siemens.com/finance
Siemens Company is a US subsidiary of Siemens AG, a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active globally, the company focuses on smart infrastructure for buildings and distributed energy systems, as well as automation and digitalization in process and manufacturing industries. Siemens brings together the digital and physical worlds for the benefit of customers and society. Through Mobility, a leading provider of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the global market for passenger and freight transport services. Via its majority stake in the listed company Siemens Healthineers, Siemens is also one of the world’s leading providers of medical technologies and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in transmission and power generation which has been publicly listed since September 28, 2020. In fiscal 2020, Siemens Group USA generated revenue $17 billion in business and employs approximately 40,000 people serving customers in all 50 states and Puerto Rico.