The Rest-Cent-Initiative allows HypoVereinsbank (HVB) employees in Germany to decide to make a monthly donation of a given percentage of their net salary to non profit organisations operating in the country. They have an active role and - on the basis of a preliminary selection made by HVB with the help of Phineo philanthropic advisory experts - choose the beneficiaries by means of the online voting mechanism “Your Choice, Your Project”.
The total sum collected during the year is then matched by UniCredit Foundation and the amount donated to the pre-selected organisations. In 2016, employees donated €27,141.53 which was then matched by the Foundation.
The beneficiary organisations were:
- Atelier “La Silhouette” in Munich and Zweikampfverhalten e.V which operates in Stuttgart and Hamburg. “La Silhouette” offers professional training and assistance to foreign women, many of whom are migrants and have suffered violence. The mentoring program includes mathematics and German language courses, as well as professional training through apprenticeships. The tailoring courses, for example, are often provided by former beneficiaries of the project which makes the overall environment more friendly and welcoming.
- Zweikampfverhalten e.V is a program aimed at young school-aged students and their families which, through targeted focus groups and sports in particular promotes respect and tolerance to strengthen the integration of participants. .
Stefan Löbbert, Head of Corporate Sustainability, HVB
“For years, HVB and UniCredit Foundation have had a very fruitful cooperation and promoted corporate citizenship activities. In this context we support HVB volunteers in territories. We promote such a social commitment within HVB, from which all - employees, the bank and society - benefit.”