Borealis Collaborates with the Austrian Red Cross to Support Underprivileged People in Emergency Situations
Foto: Borealis und das Österreichische Rote Kreuz unterstützen benachteiligte Menschen in Not
© Markus Hechenberg
- Borealis, through the Borealis Social Fund and in partnership with the Austrian Red Cross, has launched the Borealis Immediate Aid Fund (Borealis-ISH-Fonds) to provide fast and unbureaucratic financial aid to prevent people in Austria from financial emergencies.
The economic crisis caused by the Ukraine war has driven up inflation and interest rates, with households facing higher bills for food, rent, and other essentials, as well as spending more on servicing loans and other debts. As a result, an increasing number of people are at risk of eviction and homelessness, being cut off from electricity and heating or unable to pay for life-saving medication.
In response, Borealis has joined forces with the Austrian Red Cross and launched the Borealis-ISH-Fund. Based on a needs analysis, the new fund focuses on helping young families and elderly people in emergency situations where no other support is available. In addition to receiving financial aid, recipients benefit from a consultation with the Austrian Red Cross to help them avoid similar situations in the future.
Inquiries for support must be made via the Austrian Red Cross, and details on how to get access to the fund can be found on Individuelle Spontanhilfe – Rotes Kreuz.
To maximize the impact of its engagement and to align Borealis’ social engagement activities with the Company’s Purpose and its Strategy 2030, the Borealis Social Fund focuses on three areas: Education & Social Integration, Water & Energy, and Waste & Resource Efficiency.
“We strongly believe that businesses can only grow sustainably in a stable society, and that Borealis’ prosperity is directly linked to the progress of our local communities. We are, therefore, delighted to be able to support at-risk people through this new partnership as social integration is a focal point of the Borealis Social Fund”, comments Thomas Gangl, Borealis CEO.
"An increasing number of people are struggling to make ends meet and can barely afford life’s basic necessities. As a result, social mobility stagnates, and child poverty remains a major issue. We would like to thank Borealis for setting up an Individual Spontaneous Aid Fund, which will enable the Red Cross to provide financial support to elderly people and families with young children in these difficult times”, confirms Michael Opriesnig, Austrian Red Cross General Secretary.
1 Source: Statistik Austria
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