Siemens Smart Infrastructure and Siemens Financial Services launched a $100 million capital program aimed at advancing the decarbonization goals of small to medium sized enterprises. 

Small and medium sized businesses make up more than 99% of the U.S. economy and have an outsized impact on the country’s ability to meet national and global climate goals. Emissions of suppliers, known as Scope 3 emissions, represent the majority of a large organization’s total greenhouse gas emissions

“With each part of the supply chain being evaluated, there is an opportunity for smaller companies to make necessary changes to remain competitive,” said Anthony Casciano, CEO of Siemens Financial Services, Inc.” We are launching this loan program to ensure essential resources for these companies are available to keep pace with our nation and economy’s climate goals.”

Companies interested in the program are encouraged to send an inquiry expressing their commitment and challenges in implementing sustainable operations. Entities chosen to participate in the program will consult with a team of Siemens financial and technological experts to create a custom end-to-end decarbonization roadmap. The scalable roadmap will integrate Siemens’ Smart Infrastructure sustainable-oriented products, solutions, and services such as energy efficiency technologies, alternative renewable energy sources and electric vehicle charging infrastructure, the company said in a press release.

The capital is available for a wide variety of carbon reduction-focused projects. Companies interested in obtaining additional information about the kick-starter capital program can complete an inquiry form and must meet basic credit worthiness criteria.

Find out more here.

Source: Siemens