Helping to fight food poverty in Italy
Wednesday 25 May 2022
UniCredit Foundation continues its commitment launched in 2021 with a new donation of €2.3 million in favour of 53 organizations involved in the distribution of food supplies throughout the country. Thanks to this new initiative 1.8 million meals will be provided to those in need.
UniCredit Foundation continues its journey started in 2021 to fight food poverty in Italy, announcing a grant of €2.3 million to support organisations distributing food to those in need across the country. These funds will enable 31 local and national organisations to provide the equivalent of 1.8 million free meals across the whole of Italy, 1 million of these dedicated to Central-Southern Italy.
Combined with the Foundation’s previous disbursement in 2021 of €2.7 million, it has now donated €5.1 million in total to fight food poverty in Italy. This is the equivalent of 3.8 million meals.
The initiative was also made possible thanks to the contribution of 500.000 euros from the Carta Etica Fund, fed through UniCredit's ethical credit cards, which, at no additional cost to the customer, means each transaction contributes to charitable initiatives.
The Covid-19 pandemic has had and continues to have severe economic and social repercussions in Italy. And while the war in Ukraine has rightly demanded the World’s attention, UniCredit Foundation does forget that people are still dealing with the impacts of the pandemic and that communities must be supported and lifted out of suffering.
Andrea Orcel, UniCredit CEO, commented: "At UniCredit it’s our belief that banks have a responsibility to the communities they operate in. When they thrive, we thrive, and when they are challenged, we must ask what we can do to support them. This is what we did as soon as the pandemic broke out and it is what we continue to do today. The UniCredit Foundation plays a critical role in doing so, as evidenced by these incredible funds raised and what they will mean for individuals, families and communities struggling across Italy.”