Supporting local communities
Redevco is convinced that businesses have a broader responsibility to the communities in which they operate. Employee philanthropy, funded by the Redevco Foundation, provides colleagues with an opportunity to give back to society, and we also offer our employees one volunteering day per year.
A positive impact on society
Our employees play an active role in proposing charities to support a variety of categories (see below), with a preference for the cities in which we operate. Each of these initiatives has positive societal, environmental and/or cultural impact for the respective stakeholder group that is targeted. Last year, we launched a new, group-wide employee philanthropy programme called ‘All Good’. With the use of an online platform, All Good allows employees to propose and support the charities of their choice. Around 75% of our colleagues have joined this platform and have made use of the donation credits received by taking part in ‘step challenges’ and our first Christmas Campaign.
The Redevco Foundation
The Redevco Foundation provides our local and central teams with an annual budget to support projects or initiatives in three categories:
1. Improving the lives and living environment of the less privileged.
2. Sustainability of the environment.
3. Historic and cultural heritage.
The Redevco Foundation disbursed €1.2 million to over 50 different charitable organisations in the 2020 calendar year.
As mentioned above, we encourage our employees to spend one day each year volunteering for a charitable organisation of their choice. This can be done individually or as a great team-building opportunity. In 2020, only a handful of our employees used their volunteering day. COVID-19 was the clear reason for much lower uptake this year, as usually – in non-pandemic times – volunteering days are viewed as a great way to combine ‘doing good’ and team-building.
Our employees appreciate their input into deciding where the money is spent, as well as the opportunity to spend one day doing volunteer work. In fact, it is a source of pride.