Credit: Foyer
Luxembourg-based financial group Foyer pledged a solidarity contribution of €1 million to support the cause of the victims of the Ukrainian conflict, through several actions, in particular the signing of partnerships with the Luxembourg Red Cross and Caritas Luxembourg.
Initiated by the Foyer Group family shareholders and its Board of Directors, and with the help of its employees and agents, Foyer has decided to actively support the cause of the victims of the Ukrainian conflict, which will be implemented over the long term through several targeted actions.
These initiatives range from the signing of two partnerships with humanitarian organisations to taking out insurance for refugees in Luxembourg, to volunteering or collections organised by staff.
A long-term commitment
In their initiatives, Foyer and its shareholders wish to be part of the long-term. Indeed, whatever the outcome of this conflict, its resolution promises to be long and painful. To this end, among the actions planned, the Foyer Group has chosen to enter into long-term partnerships with two humanitarian organisations active in the field, both in Ukraine and the region, and in Luxembourg: the Luxembourg Red Cross and the Caritas Luxembourg Foundation.
The signing of these partnerships took place on 2 May 2022 at the Foyer Group's premises in Leudelange, in the presence of François Tesch, Chairman of the Board of Directors and Marc Lauer, CEO of Foyer SA, Michel Simonis, CEO and Luc Scheer, Member of the Executive Committee of the Luxembourg Red Cross, Marc Crochet, CEO and Stéphanie Friob, Finance Director of Caritas Luxembourg.
In an open collaboration model, the two organisations will propose to Foyer humanitarian and solidarity projects that are important to them in relation to the Ukrainian crisis, which the Group will analyse before validating them. Two projects are already underway, one with the Red Cross, to provide third party liability and fire insurance for housing provided by citizens in Luxembourg for refugees, and the other with Caritas, to support the organisation's local branch in Moldova, a country bordering Ukraine that is struggling to cope with the influx of displaced people. Other projects will follow, with the aim of providing help and support to those affected by the war.
A responsible insurer
Since the beginning of the conflict, the Foyer Group, with the help of its agents, had already taken steps to support its customers who are hosting Ukrainian refugees in their homes or in accommodation they own. These customers and the refugees they host are thus covered by third party liability and fire insurance at no extra cost.
Foyer also participates in the effort made by several insurers in Luxembourg to insure the hundreds of cars of Ukrainian refugees in Luxembourg.
François Tesch said: "It is natural for a company like ours to take responsibility in such a crisis. How can one remain unmoved in the face of so much abuse and distress? I am convinced that by helping the victims of war and refugees, we are also defending our model of society, based on democracy and freedom".
Michel Simonis said: "Through its commitment to helping the victims of the conflict in Ukraine, Foyer enables us to offer some security and stability to people whose lives have been turned upside down. Thank you for this support, which is also a great testimony to the institutional values of the company".
Marc Crochet said: "I thank Foyer for its support. This is the largest donation we have received to date. Foyer Group's commitment to people fleeing the war in Ukraine is exemplary and I congratulate them. Thank you".
