BNP Paribas Group in Luxembourg News and Press
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January 22, 2021 -

BNP Paribas Asset Management and BGL BNP Paribas support the non-profit organisation Stëmm vun der Strooss

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As part of a joint initiative set up by BNP Paribas Asset Management and BGL BNP Paribas to support those hardest hit by the COVID-19 pandemic, a cheque made out to the non-profit organisation Stëmm vun der Strooss was presented on 13 January 2021 at the bank’s head office. In the presence of Béatrice Belorgey, Chair of the Executive Committee of BGL BNP Paribas and Country Head of the BNP Paribas Group in Luxembourg, Stéphane Brunet, CEO of BNP Paribas Asset Management Luxembourg, and Nathalie Blanchet, Head of Sales at BNP Paribas Asset Management Luxembourg, a cheque for EUR 8,000 was presented to Alexandra Oxacelay, Director of Stëmm vun der Strooss, and Dominique Godin, a volunteer at the association.

The non-profit organisation Stëmm vun der Strooss aims to carry out and promote all activities relating to informing, representing and defending the interests of excluded and at-risk social groups. The service is aimed at adults facing psycho-social and medical challenges. They mostly include long-term unemployed people, people with alcohol or drug addictions, vulnerable young people, ex-prisoners, asylum seekers, undocumented migrants, homeless people and people with mental health issues.

BNP Paribas Asset Management and BGL BNP Paribas made a commitment to donate EUR 0.50 to Stëmm vun der Strooss per tranche of EUR 1,000 invested in the BNP Paribas Healthcare Innovators, BNP Paribas Disruptive Technology and Generalpart 1 World Sustainable funds. This grant will help fund a new social and professional reintegration programme in Sanem, including two therapy workshops, employing 90 people, up from 50 previously. The project also aims to combat food waste by recovering 500 tonnes of food still good for consumption, in order to prepare meals for those most in need.

Alexandra Oxacelay, Director of Stëmm vun der Strooss, stated: “I would like to thank you wholeheartedly on behalf of Stëmm vun der Strooss, as your contribution helps make our fight for the social and professional reintegration of the most vulnerable people a more achievable goal.”

Stéphane Brunet, CEO of BNP Paribas Asset Management Luxembourg, explained: “All of us here at BNP Paribas Asset Management Luxembourg are delighted by the success of this campaign, which has enabled us to not only offer effective management solutions, suited to the current context and our clients’ needs, but also to take part in a Stëmm vun der Strooss reintegration programme, in keeping with BNP Paribas Asset Management’s CSR commitments.”

Béatrice Belorgey, Chair of the Executive Committee of BGL BNP Paribas and Country Head of the BNP Paribas Group in Luxembourg, highlighted: “The social and solidarity economy plays an increasingly vital role in Luxembourg. However, its continued momentum depends on the commitment of every individual. By supporting this project, we’re reaffirming our commitment to the social and solidarity economy and the fight against food waste, which has, among other things, a significant environmental impact.”

Being the bank for a changing world means helping build a more sustainable future and supporting all those involved.