Inditex underscores its commitment to Water.org

Inditex underscores its commitment to Water.org

 

Arteixo, Spain, 2017-Jan-23 — /EPR Retail News/ — Against the backdrop of the annual World Economic Forum taking place this week in Davos (Switzerland), the Chairman and CEO of Inditex, Pablo Isla, met today (19/01/2017) with Matt Damon and Gary White, Co-founders of Water.org, an international organisation whose mission is to bring safe water and sanitation to people in need.

During the meeting, Mr Isla underscored Inditex’s commitment to Water.org made in late 2015, providing an initial Eur 3.7 million to support projects in Bangladesh and Cambodia with the goal of directly improving the health of more than 160,000 people. “Inditex and Water.org are absolutely complementary”, explained Pablo Isla, “Water.org is a hugely effective vehicle to deliver change around the critical issue of water management, particularly in vulnerable regions. This is an issue to which we ascribe huge importance and the work carried out by Water.org is admirable”.

Matt Damon and Gary White thanked Inditex for its support, reviewing some of the progress and success during the first year working together. During this time important work has been done to support the successful implementation of WaterCredit, which brings small affordable and easily repayable loans to those who need access to financing and expert resources to make household water and sanitation solutions a reality.

Progress in Bangladesh includes identifying and partnering with several micro-finance institutions and training their loan officers to market and support these life-changing loans. In Cambodia, more than 6,000 people have gained critical access to safe water and/or improved sanitation. “We are grateful to Inditex for their support. We share their belief in smart solutions, empowering consumers and the critical role of market based approaches in achieving social change,” said Gary White, Co-founder and CEO of Water.org.

The work being done through Water.org’s New Ventures Fund, which is a principal source of innovation funding, was also discussed. Inditex has earmarked one-quarter of its contribution to Water.or; to researching new resources and approaches designed to efficiently combat the world’s water crisis.

This private meeting took place after a Davos round-table event addressing the global water crisis spearheaded by Water.org in which Pablo Isla, participated. The World Economic Forum has deemed water management one of the world’s biggest problems, one which already affects more than 660 million people worldwide. In addition to Pablo Isla, the event was attended by chief executives from some 20 top-tier international companies and global organisations who came together with the aim of finding sustainable solutions for communities in need of social and economic development.

Water.org

For more than 20 years, Water.org has been at the forefront of developing and delivering solutions to the global water crisis. Founded by Gary White and Matt Damon, Water.org pioneers innovative, community-driven and market-based initiatives to ensure all people have access to safe water and sanitation — giving women hope, children health and communities a future. To date, Water.org has positively transformed the lives of more than 5 million people around the world, ensuring a better life for generations ahead. Learn more at www.water.org and www.facebook.com/water.

To know more about Inditex’ policy on water resources worldwide please visit:

http://www.inditex.com/en/sustainability/environment/water

Contact:

Communication and Corporate Affairs Division
Edificio Inditex
Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

Source: Inditex

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IKEA Foundation commits $13.9 million to Water.org to expand its WaterCredit model

Kansas City, 2016-Mar-23 — /EPR Retail News/ — IKEA Foundation today, World Water Day, announced a new grant to Water.org to expand efforts to provide safe water and sanitation to one million people in India and Indonesia. IKEA Foundation is committing $13.9 million to Water.org to expand its WaterCredit model, helping families have access to small, affordable loans so they can meet their water and sanitation needs.

“Our work at Water.org has never been more important, and thanks to this grant from the IKEA Foundation, we are going to help hundreds of thousands of kids gain access to safe water and sanitation and impact their lives forever,” said Matt Damon, Co-founder of Water.org.

IKEA Foundation’s partnership with Water.org began in 2013 in Bangladesh. Since then, the partnership has grown. “With support from IKEA Foundation, Water.org is able to activate every element of our global WaterCredit expansion strategy,” said Alix-Ines Lebec, Director of Strategic Alliances for Water.org. “IKEA Foundation trusts our model and supports our vision to tackle the water crisis in ways that are smart and scalable.”

IKEA Foundation’s contributions will scale Water.org’s WaterCredit model at an unprecedented level, helping to break down the barriers between people and access to safe water and sanitation. Thanks to the WaterCredit model, one million people—hundreds of thousands of whom are children—will have life’s most basic necessities, giving women hope, children health and communities a future in which to thrive.

For IKEA Foundation, this commitment is part of a larger effort to help the world’s poorest communities lift themselves out of poverty. Per Heggenes, IKEA Foundation CEO said, “IKEA Foundation believes that every child deserves a healthy start in life, so we are supporting Water.org’s innovative program to help families in Bangladesh, India and Indonesia access safe water and better sanitation facilities, giving them improved health and a life of dignity.”

“By supporting the development of game-changing approaches like WaterCredit, the IKEA Foundation is helping drive the critical innovation needed to end the water and sanitation crisis,” said Gary White, Water.org Co-Founder and CEO. And that support has the power to help the most vulnerable unlock potential for themselves and others, and transform the world.

One of 10 new partnerships in 2015
This commitment is part of a larger effort by IKEA Foundation to help the world’s poorest communities lift themselves out of poverty. In 2015, IKEA Foundation gave $132 million to support children’s programs in some of the world’s poorest communities. The partnership with Water.org is one example of the Foundation’s approach to creating prosperity for children and families all over the world.

Per Heggenes, CEO of IKEA Foundation stated, “We provided $132 million in grants to our 49 partners in 2015, part of our $1.1 billion commitment through 2020. By addressing children’s fundamental needs—for home, health, education and a sustainable family income—we are helping them to create better futures for themselves and their families, while helping their communities overcome the impacts of climate change.”

Another important highlight from 2015 includes the IKEA Foundation’s commitment for climate action. IKEA Foundation announced a $440 million new funding commitment through 2020 to help the world’s poorest communities adapt to and overcome the impacts of climate change. In the years to come, the Foundation will help communities build resilient and innovative infrastructure to protect them during disasters and push ahead on bold renewable-energy experiments to benefit entire communities. The new climate funding commitment will also include programs to help farmers in Asia and Africa adopt climate-sensitive techniques that increase quality, yield and nutritional value of their crops while decreasing waste. Lastly, the Foundation will continue to motivate corporations, investment firms and average citizens to be proactive and make a positive contribution to global efforts meant to tackle climate change.

To get your copy of the 2015 Annual Review, go here:http://ikeafoundation.org/AnnualReview2015/

About the IKEA Foundation
The IKEA Foundation (Stichting IKEA Foundation) is the philanthropic arm of INGKA Foundation, the owner of the IKEA Group of companies. We aim to improve opportunities for children and youth in some of the world’s poorest communities by funding holistic, long-term programs that can create substantial, lasting change. The IKEA Foundation works with strong strategic partners applying innovative approaches to achieve large-scale results in four fundamental areas of a child’s life: a place to call home; a healthy start in life; a quality education; and a sustainable family income. Learn more at www.ikeafoundation.org and www.facebook.com/IKEAfoundation

About Water.org
For more than 20 years, Water.org has been at the forefront of developing and delivering solutions to the global water crisis. Founded by Gary White and Matt Damon, Water.org pioneers innovative, community-driven and market-based initiatives to ensure all people have access to safe water and sanitation — giving women hope, children health and communities a future. To date, Water.org has positively transformed the lives of more than 3 million people around the world, ensuring a better life for generations ahead. Learn more at http://water.org/ and www.facebook.com/water.

About WaterCredit
WaterCredit by Water.org puts financial tools to work in the water and sanitation sector. It allows people in need to access small loans for water connections or toilets, empowering them to accelerate change in their own homes and communities. Here is how it works:
‒Water.org partners with carefully selected microfinance institutions who provide loans to a person or family in need for water connections or toilets.
‒The loans through WaterCredit are affordable, making them easy to repay.
‒Once the loan is repaid, it can go to the next person who needs it. It is a pay-it-forward system that makes it possible to help more and more people in ways that will last.
Learn more at http://water.org/solutions/watercredit/

Contacts:
IKEA Foundation
Radu Dumitrascu
+31 6 556 98 570
radu.dumitrascu@ikeafoundation.org

Mona Astra Liss (U.S. Contact)
610.834.0180/ext. 5852
mona.liss@ikea.com

……………………………………………
Water.org
Rosemary Gudelj
+1816 877 8461
rgudelj@water.org

Inditex to allocate €3.7m to Water.org to facilitate access to safe water and sanitation to those with scarce resources

The contribution will facilitate more than 33,000 microloans for this purpose and will benefit more than 160,000 people in Bangladesh and Cambodia.

Arteixo, Spain, 2015-12-4 — /EPR Retail News/ — Inditex will allocate €3.7m to Water.org to facilitate access to safe water and sanitation to those with scarce resources. On December 3, the Group’s chairman, Pablo Isla, and Water.org CEO Gary White, (who co-founded Water.org with Matt Damon), have signed a four-year Partnership Agreement between both organisations at Inditex’s head office in Arteixo (A Coruña).

As per the agreement, Water.org will allocate almost €3m to its WaterCredit programme. The programme will empower people with low incomes in developing countries to gain access to small loans for water and sanitation, increasing the population’s access to these basic necessities. In particular, it will expand the scope of activities already underway in Bangladesh and will develop this initiative in Cambodia, which will directly improve the lives of more than 160,000 people in both countries.

The WaterCredit model is achieved in conjunction with rigorously selected local partners, principally microfinance institutions, which secure capital for the loans themselves. In turn, this enables philanthropic investments to make a greater and more efficient impact.

A quarter of the overall contribution to Water.org will be sent to the funds reservation for research and development, New Ventures Fund, which the NGO will use to discover new ways to combat the water crisis. Inditex will serve on the Council of the R&D fund, in order to analyse the annual developments.

Inditex Global Water Management Strategy

Inditex considers investment in social programmes to be a fundamental pillar in improving global well-being and in strengthening the communities with which it interacts. Accordingly, the collaboration with Water.org is closely related to both the Inditex community investment policy; as well as the company’s commitment to using sustainable water supplies, one of the key resources in the textile industry. The Inditex Global Water Management Strategy constitutes a roadmap, which allows the Group to collaborate with special interest groups concerned with sustainable and rational water management (suppliers, clients, employees, administrations and NGOs).

Water.org 
For more than twenty years, Water.org has been at the forefront of developing and delivering solutions to the water crisis. Founded by Gary White and Matt Damon, Water.org pioneers innovative, community-driven and market-based initiatives to ensure all people have access to safe water and sanitation; giving women hope, children health and communities a future. To date, Water.org has positively transformed the lives of more than three million people living around the world.

For more information about Water.org´s activity, please click here

For any press request please contact with:

Communication and Corporate Affairs Division
Edificio Inditex

Avda. de la Diputación s/n
15143 – Arteixo
A Coruña – ESPAÑA

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

SOURCE: Inditex

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Inditex to allocate €3.7m to Water.org to facilitate access to safe water and sanitation to those with scarce resources

Inditex to allocate €3.7m to Water.org to facilitate access to safe water and sanitation to those with scarce resources