Wendel launches its endowment fund, Wendel Cares
22 März 2022 - 8:45AM
Wendel launches its endowment fund, Wendel Cares
Press release –March 22, 2022
Wendel launches its endowment fund, Wendel
Cares
Wendel has created an endowment fund called
Wendel Cares, through which Wendel aims to give fresh impetus to
its philanthropic activities. Wendel Cares will bring all of the
Group’s corporate patronage initiatives under one roof and
extending their scope to other themes that are in line with the
challenges facing our society today.
Wendel’s historical commitments
Wendel’s commitment to civil society is deeply
embedded in its corporate culture and its family heritage. This
commitment goes hand-in-hand with Wendel’s long-term vision of the
investment profession. Historically, Wendel’s corporate patronage
activities have been based on two commitments: education and
culture, through its long-term partnerships with the Wendel
International Center for Family Enterprise (Insead) since 1996 and
with the Centre Pompidou-Metz since 2010.
In 2018, under the impetus of the Executive
Board, Wendel extended its corporate patronage activities to
solidarity initiatives. At that time, Wendel formed a philanthropy
committee to select projects proposed by employees.
Félicie Thion
de la Chaume, Chairwoman of Wendel Cares, said:
“In creating Wendel
Cares, Wendel wishes to develop its philanthropic activities, in
line with its values. Throughout its history, Wendel has always
promoted the values of mutual assistance and social progress,
expressed through family and childhood protection and unencumbered
access to healthcare, education and culture. On the strength of
this heritage, Wendel Cares will perpetuate those values by
supporting the initiatives that fall within its scope.”
Scope
The objective of Wendel Cares is to finance
organisations and associations active in one of the five areas to
which it has made a commitment. The fund’s Board of Directors,
composed of nine Group employees with experience in these
activities, studies and then monitors these projects.
The endowment fund’s five
commitments:
Wendel Cares will pursue Wendel’s historical
corporate patronage activities by supporting:
- culture – via the Centre Pompidou-Metz
- education – via the partnership with Insead;
And will add three new commitments:
- equality of opportunity and integration into employment;
- medical research and healthcare;
- environmental protection.
Since 2010, Wendel has devoted more than €5
million to the support of around 20 associations.
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