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Tonika Hirdman
. – “Thank you very much, Nicolas.
Tonika is the Director General of the Fondation de Luxembourg, an organisation that promotes private philanthropy commitment and about which she will tell us more in a minute. Tonika began her career as a diplomat at the Swedish Ministry of Foreign Affairs before moving into financial services where she served, among others, as the CEO of ABN AMRO Bank, Luxembourg. Tonika is also a board member of the Swedish Public Pension Fund, AP7. Welcome to Shaping Finance, Tonika. So tell us, what is the Fondation de Luxembourg?
“Well, first of all, thank you very much for inviting me to this podcast. I’m very honoured to be here. The Foundation de Luxembourg is a public utility foundation, which was created by the Luxembourg state upon inspiration of organisations like Fondation de France, or King Baudouin Foundation with a mission to facilitate long-term philanthropic engagement. So our role is to accompany people who come from al
The Fondation de Luxembourg closed last year with a record of €10m in donations and is witnessing a growing interest in philanthropy projects, particularly in the field of research and health.
The global health crisis has had a favourable effect on philanthropic activities. The Fondation de Luxembourg (FDL) observed this throughout the year, mostly due to Fondation Covid-19, a project it set up in April 2020 which enabled it to raise donations of nearly €1.6m in support of research, health and vulnerable populations in the context of the crisis.
Taking stock of the last fiscal year, Tonika Hirdman, executive director of the FDL, notes that 2020 “was fast-paced and closed with a record €10m donated to 300 charitable projects around the world”. This is €1m more than the previous year.
Fondation de Luxembourg Allocates Record €10m to 300+ Charity Projects in 2020
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The Fondation de Luxembourg, responsible for the philanthropic objectives of investors in the financial centre, has been approved as a signatory of the UN-supported Principles for Responsible Investment, a leading global framework for integrating environmental, social and governance practices in investment strategies
The decision is a recognition of the work of the Fondation de Luxembourg, which has aligned itself with the principles for responsible investment since 2018. Since our creation in 2009, we have been investing sustainably, says Tonika Hirdman, managing director of the Fondation de Luxembourg. So our methodology didn’t really have to change. However, we are now subject to annual reporting in order to give a detailed account of the measures taken to achieve these objectives.
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