The Croda Foundation succeeded in achieving charity status at the end of 2021. In addition to its maiden set of grants for critical projects to support livelihoods and communities the Foundation is distributing further grants specifically focusing on vaccine and health infrastructure projects
Croda International Plc, which uses smart science to create, make and sell speciality chemicals, is today announcing that, through the independently managed philanthropic Croda Foundation, it has awarded an additional new restricted health care grant of £2 million to improve lives.
Croda’s smart science already touches and improves the lives of people and communities around the world, with a strong focus on supporting the communities in which it operates. The company decided to establish a corporate foundation to benefit organisations, projects and communities globally as part of its Commitment to become People Positive by 2030.
Croda Foundation succeeded in achieving charity status at the end of 2021. In addition to its maiden set of grants for critical projects to support livelihoods and communities, the Foundation is distributing further grants specifically focusing on vaccine and health infrastructure projects.
Through working in partnership with Croda Foundation, Croda will support the achievement of the Foundation’s charitable purposes, working with communities, organisations and charities, and providing access to people, know-how and capital.
The Foundation has donated approximately £1m of the £2m restricted health care grant to date, supporting projects within South Asia, Africa and Brazil which are anticipated to improve over 50 million lives.
The restricted grant is funding projects that:
The Foundation has further projects in the pipeline which will be announced in due course.
Commenting, Steve Foots, CEO of Croda said: “Today is an exciting milestone for Croda. We have been planning the Foundation for many years, and to see it making such a positive impact so early in its life is fantastic. Through this foundation, we will be able to support more of the UN SDGs and help make a bigger impact on communities across the world.”
Rommel Moseley, Executive Director Croda Foundation added: “The Foundation has been established on Croda’s firm commitment to be People Positive by 2030. Our priority areas approved by our trustees are to improve health and wellbeing, reduce hunger and poverty, and protect and restore forest and ecosystems.”
“This restricted grant announced today supports critical areas in health and vaccine infrastructure projects in need of investment in three regions across the world. This is just the start and underlines our vision to do much more in the future for the communities we support.”