Another award for the Dariu Foundation in Vietnam

For the third consecutive time the Dariu Foundation has received an award for its microfinance programs in Vietnam. The Dariu Foundation provides microcredits and scholarships and builds schools. Every year this offers thousands of people in Vietnam the chance to have a better future.

Following 2007 and 2008 the Dariu Foundation has received another award in the category best microfinance foundation this year. The awards were presented by the National Committee of Microfinance Companies in Vietnam on Friday, 18 December, in Ho Chi Minh City. Nguyen Kim Anh, member of the national committee of the award 2009 sais: “The organizations awarded today, including The Dariu Foundation, have achieved great and significant developments in 2009. The Dariu Foundation has made a lot of innovative efforts and great achievements including high growth rate, efficiency, and sustainability. Therefore, it is fully worth being awarded today.”

“We are delighted to receive this award as the top microfinance institution for the third time already,” says Thomas Trüb, president of the Dariu Foundation. “Of course, this will inspire us even more for the future.”

The Dariu Foundation focuses on the pillars of microcredit, scholarships and education. In doing so, it offers poor families in Vietnam prospects for the future. 2009 has been a successful year according to Thomas Trüb: “Under the slogan ‘investment in education’ we build schools and provide financial support for more than 1,000 children every year so that they can attend the schools. And we provide microcredits for poor families. So far, more than 12,000 families benefit from our microcredit programs, and we aim to expand these programs to 20,000 families over the next two years.”

With its CSR management Ringier is committed to safeguarding the environment and society. In the environmental area the focus is on reducing energy consumption and climate-damaging emissions. The social commitment is geared towards helping disadvantaged people and includes training and continuing education programs. In addition to its own initiatives, Ringier supports several organizations and actions in specific countries and operates three foundations, including the Dariu Foundation. In 1993 Ringier published its first environmental report in Switzerland and in 2008 issued its first group-wide CSR report according to the standards of the Global Reporting Initiative (GRI). Our sustainability management is in the responsibility of Marco Castellaneta, Delegate for Sustainability, and is operationally managed by Kaspar Haffner, Head of CSR Office. The next CSR report will be published in 2011.

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