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 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,” Anthony Casciano, CEO of Siemens Financial Services, said. “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 can 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 decarbonization roadmap. The scalable roadmap will integrate Siemens Smart Infrastructure’s 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,” Ruth Gratzke, president of Siemens Smart Infrastructure USA, said. “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.”