Siemens Launches $100 Million Capital Program to Jumpstart Sustainability Journey for Small and Medium Sized Businesses
- Kick-starter capital targets small and mid-market companies as increased focus is put on Scope 3 CO2 emissions
- Small and medium sized businesses make up majority of American economy, have outsized impact on nation’s climate goals
Today, 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. This infusion of capital will help small and medium businesses in the U.S. jumpstart their decarbonization efforts.
As greater emphasis is placed on decarbonization and sustainability worldwide, stakeholder and legislative pressures have been put on the entire supply chain. Small and medium sized businesses make up more than 99 percent 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 and are increasingly being analyzed in the supplier selection process.
“Small and medium sized enterprises are the backbone of our economy, yet they may not have access to the same capital as our country’s largest corporations when it comes to making sustainability improvements,” said Anthony Casciano, CEO of Siemens Financial Services, Inc. “With each part of the supply chain being evaluated, there is an opportunity for smaller companies to make necessary changes to remain competitive. 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.
“A well-designed sustainability plan is now a business imperative for any company, and here 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 are providing a complete sustainability strategy that encapsulates every step — from consulting services and financing solutions through to the cutting-edge technologies that make our customers efficient, resilient and sustainable. This capital is the fuel that will jumpstart the process.”
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 at http://www.usa.siemens.com/kickstarter and must meet basic credit worthiness criteria. Those interested in a preliminary emissions assessment can utilize Siemens’ Energy Configurator at eco-web.siemens.com/quick-check.
For further information on the Kick-starter Capital Program and to submit an inquiry for review, please visit www.usa.siemens.com/kickstarter
Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. SI creates environments that care. With around 70,000 employees worldwide, Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland, and its U.S. corporate headquarters in Peachtree Corners, Ga., USA.
Siemens Financial Services (SFS) – the financing arm of Siemens – provides business-to-business financial solutions. A unique combination of financial expertise, risk management and industry know-how enable SFS to create tailored innovative financial solutions. With these, SFS facilitates growth, creates value, enhances competitiveness, and helps customers access new technologies. SFS supports investments with equipment financing and leasing, corporate lending, equity investments and project and structured financing. www.usa.siemens.com/finance
Siemens Corporation is a U.S. 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 around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, Siemens Group USA generated revenue of $17 billion and employs approximately 40,000 people serving customers in all 50 states and Puerto Rico.