General Motors (GM) announced today it will expand on its philanthropic commitment to equitable climate action by doubling its Climate Equity Fund. The company is dedicating a total of $50 million to help close equity gaps in the transition to electric vehicles (EVs) and other sustainable technology.
This is in addition to the company’s commitment to invest $35 billion globally in electric vehicles and autonomous vehicle (AV) programs, research, technology, manufacturing and charging infrastructure.
This news comes as General Motors moves towards an electric future as a key part of tackling climate change.
Kristen Siemen, GM chief sustainability officer, said: “As the effects of climate change take hold across the globe, it has never been more urgent to ensure inclusion and equity guide our sustainable solutions.
“Doubling our Climate Equity Fund will help meet this urgency with deepened engagement at the community level, where we believe our support will have the greatest impact in accelerating the transition to an inclusive zero-emissions future.”
Since creating the Climate Equity Fund eight months ago, GM has supported 21 nonprofit organisations that are helping to implement inclusive solutions for a zero-emissions, carbon-neutral future.
GM encourages nonprofits focused on implementing community-based solutions for a zero-emissions future to apply for grant funding. More information and application resources can be found here.
In early 2021, GM announced that it plans to become carbon neutral in its global products and operations by 2040 and is working toward a transition to 100 percent zero tailpipe emissions for new light-duty vehicles by 2035. The company plans to introduce more than 30 electric vehicle models globally by 2025.