General Motors has announced a new Climate Equity Fund intended to support organizations working towards “Equitable Climate Action.”
The new General Motors fund allocates $25 million for philanthropic climate equity efforts, and is intended as a complement to the automaker’s recently announced $35 billion investment into EV and AV technologies globally through 2025.
According to the UCLA Luskin Center for Innovation, climate equity is defined as protection from environmental hazards and access to environmental benefits for all, without discrimination based on income levels, race, or any other characteristic.
GM’s Chair and CEO Mary Barra recently discussed the need for equity considerations and outlined some of the company’s goals with regard to climate equity.
“Climate change does not impact every community equally,” Barra said at the Aspen Ideas Festival. “As we move to an all-electric, zero-emissions future, it is on us to lead positive change and implement inclusive solutions that bring everyone along, especially our employees and communities.”
The automaker’s renewed focus on equitable climate action is broken down into four key areas. These include “The Future of Work,” which prioritizes the current GM salaried and represented workforce with continued support for unions and the promotion of safety, quality, training, and jobs for American workers, as well as support for the UAW’s unionization efforts for employees at the new Ultium Cells LLC battery plants.
There’s also EV Access, which stipulates the launch of a broad selection of electric vehicles suiting a spectrum of price points, plus development of hydrogen power for rail and aircraft applications.
Infrastructure Equity is also part of the automaker’s framework, with access to charging solutions and the easing of concerns related to EV ownership.
Finally, the Climate Equity fund will provide support for organizations working to close the climate equity gap at the community level.
General Motors is now accepting proposals for Climate Equity funding, with potential grantees asked to submit proposals that align with the automaker’s key climate equity social outcomes.