Home Company News Siemens forms worldwide coronavirus aid fund

Siemens forms worldwide coronavirus aid fund

The managing board of Siemens AG has announced that it has set up a COVID-19 aid fund. Under the auspices of the community-serving non-profit organization Siemens Caring Hands, it will provide support, without red tape, to relief organizations and medical facilities as well as to individuals impacted by the COVID-19 crisis worldwide.

All Siemens AG employees worldwide can now make monetary donations to Caring Hands by specifying “COVID-19” as the purpose of the gift. Siemens AG will match every euro donated, meaning the company will donate the same amount to Caring Hands. In accordance with its articles of association, the charity itself will then channel the funds to those who need them most.

Joe Kaeser, president and CEO of Siemens AG, said: “Both medically and socially, COVID-19 is a challenge of a kind that the world as a whole has never seen before in peacetime. Now, acting responsibly is more important than ever – for our company’s future, for the health and economic security of our workforce and business partners, but also for the cohesion of societies around the world.

“Many people have helped make us the strong, successful company we are today. And now we want to help those who are doing excellent work, day in and day out, in serving the sick and needy during this time of crisis. That’s why I’m calling on our management and employees worldwide to donate generously. Every euro counts.

“I want to start things off by personally contributing €1 million.”

In addition, as either an alternative or as a supplement to a conventional donation, the managing board and senior management will have the option of voluntarily waiving vacation time. Siemens will then donate a corresponding amount to Caring Hands by reversing accruals for this purpose. No matching by the company is planned for this form of donation.

As a non-profit organization, Caring Hands will use the donations to support coordinated projects and aid programs and to buy urgently needed products. The goal is to deliver aid rapidly and unbureaucratically to people affected by the coronavirus pandemic worldwide.

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