2020 Annual Report on Community Relations: the Techint Group close to its communities
The Report shows how the Techint Group companies renewed their commitment to their local communities by ramping up support during a very difficult year.
It's no secret that 2020 was a challenging year, one when the pandemic struck economies around the world with such force. Although the budgets of the Techint Group companies were also affected, the Group’s community relations structure remained robust, increasing efforts to support the communities where its companies operate, with a focus on healthcare and medical supplies. The 2020 Annual Report on Community Relations provides an overview of these actions.
“For over 75 years, the Techint Group has been known for its ability to foster close relationships with the communities where it operates,” writes Paolo Rocca in the cover letter to the Techint Group 2020 Community Relations Report. “The COVID-19 pandemic was a major challenge for all of us, but we focused above all on our people, seeking to protect the health of our employees and our communities.
The total 2020 budget for Community Relations came to USD 36.3 million, which was invested in 19 different countries to support local health systems and continue education and culture programs.
Of this sum, USD 16.2 million was used to purchase supplies and provide health infrastructure to support local initiatives during the height of the pandemic. Educational and cultural programs were redesigned in line with the new online context, and nearly USD 15 million were invested in helping 19,000 students and teachers from 55 different communities to benefit from the programs. At the same time, the companies of the Techint Group continued to support cultural activities channeled through the Fundación PROA in Argentina and the Fondazione Dalmine in Italy.
To download the 2020 Annual Report on Community Relations, click here.