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Joint Press Release by Siemens, World Bank and European Investment Bank
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Joint Press Release by Siemens, World Bank and European Investment Bank
· Siemens announces the first group of projects for the second funding round of the Siemens Integrity Initiative, which has a financing volume of more than US$100 million
Siemens AG has named the first group of projects to benefit from the second round of funding awarded under the Siemens Integrity Initiative set up to promote corruption-free markets. With total funding of more than US$100 million, the Siemens Integrity Initiative constitutes one element of the July 2009 settlement between Siemens and the World Bank and the March 2013 settlement between Siemens and the European Investment Bank (EIB). The selected projects are to receive approximately US$ 30 million of funding over a period of three to five years under the second tranche. Funding applications were received from more than 180 well-known non-profit organizations from about 60 countries.
Sustainability
Integrity Initiative
second funding round
December 10
2014
· Siemens announces the first group of projects for the second funding round of the Siemens Integrity Initiative, which has a financing volume of more than US$100 million
Siemens AG has named the first group of projects to benefit from the second round of funding awarded under the Siemens Integrity Initiative set up to promote corruption-free markets. With total funding of more than US$100 million, the Siemens Integrity Initiative constitutes one element of the July 2009 settlement between Siemens and the World Bank and the March 2013 settlement between Siemens and the European Investment Bank (EIB). The selected projects are to receive approximately US$ 30 million of funding over a period of three to five years under the second tranche. Funding applications were received from more than 180 well-known non-profit organizations from about 60 countries.
Press Release: Siemens Integrity Initiative enters the second round
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