Environmental & Social Information • Mar 22, 2022
Environmental & Social Information
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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 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."
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.
Wendel Cares will pursue Wendel's historical corporate patronage activities by supporting:
Since 2010, Wendel has devoted more than €5 million to the support of around 20 associations.
Q1 2022 trading update – Publication of NAV as of March 31, 2022 (pre-market release)
Shareholders' Meeting
H1 2022 results – Publication of NAV as of June 30, 2022 (pre-market release)
Publication of consolidated first-half financials
Q3 2022 trading update – Publication of NAV as of September 30, 2022 (pre-market release)
Wendel is one of Europe's leading listed investment firms. The Group invests in Europe and North America in companies which are leaders in their field, such as Bureau Veritas, IHS Towers, Tarkett, ACAMS, Constantia Flexibles, Crisis Prevention Institute and Stahl. Wendel often plays an active role as a controlling or significant shareholder in its portfolio companies. Wendel seeks to implement long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB, stable outlook – Short-term: A-2 since January 25, 2019
Moody's ratings: Long-term: Baa2, stable outlook – Short-term: P-2 since September 5, 2018
Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information: wendelgroup.com
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