ICG, the global alternative asset manager, today announced a repeat of its successful “Million Meals” initiative, which exceeded its target of providing one million meals to people in need due to the cost of living crisis and food poverty. The inaugural campaign provided funding of £500,000 to six partner charities around the world, in each of the cities in which ICG has major operations worldwide.
The second iteration of this initiative sees the addition of partner charities in Hong Kong and Australia, and funding will increase by over 10% to over £550,000. For the second year running, this seasonal campaign will run from November 2023 to April 2024. The charities ICG is partnering with to provide this critical support are:
- City Harvest (London)
- City Harvest (New York)
- European Food Banks Federation (pan-European)
- Foodbank (Australia)
- Food from the Heart (Singapore)
- OnSide (UK)
- Whitechapel Mission (London)
- YWAM (Hong Kong)
In addition to providing funding, these charitable partnerships will also offer significant volunteering opportunities to ICG’s 600 employees worldwide. Last year over 200 ICG employees volunteered with Million Meals partner charities. ICG has again committed to double any charitable donations by ICG employees to these charities during the campaign.
The ICG Million Meals Initiative is consistent with ICG’s purpose and values and reflects the expansion of ICG’s social investment strategy globally, and across a wider range of social needs, following the announcement of our flagship £3.75m educational opportunity and social mobility charitable programme in May 2022.
Antje Hensel-Roth, Chief People & External Affairs Officer at ICG, commented:
Our first Million Meals campaign was very successful in supporting partner charities around the world who deliver frontline support to those in need in their communities, with the added benefit of reducing food waste. Our colleagues also benefited tremendously from the opportunity to volunteer their time and see first hand the incredible impact these charities are having on a daily basis. We are delighted to repeat the initiative for a second year, and see both the funding and number of charities we are partnering with grow.
For further information please contact:
Fiona Laffan
Tel: +44 (0)20 3545 2000
Mobile: +44 (0)7590 524 289
About ICG
ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 30 years’ history, managing $82.1bn of assets and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.
We develop long-term relationships with our business partners to deliver value for shareholders, clients, and employees, and use our position of influence to benefit the environment and society. We are committed to being a net zero asset manager across our operations and relevant investments by 2040.
ICG is listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at www.icgam.com. You can follow ICG on LinkedIn and X (Twitter).
About City Harvest London
Est. 2014, City Harvest London rescues nutritious surplus food from manufacturers, suppliers, producers and retailers, and delivers, for free, to 375+ London charities feeding those facing food poverty. City Harvest rescues food, people, and planet by preventing food waste, providing life-changing support to communities in every London borough through food, and reducing greenhouse gas emissions from waste.
City Harvest believes in the right to food and is passionate that, in this day and age, every child should have access to fresh nutritious food to thrive and not simply survive. City Harvest is a supporter of the Free School Meals campaign. We want to ensure no child goes hungry and we encourage food partners to use our networks to make a huge difference. By delivering to food banks, community centres and school programmes we try to make sure we help fill the gaps all year round.
City Harvest vans equally deliver to homeless shelters, hostels, soup kitchens, mental health charities, projects supporting the elderly and socially isolated, social pantries, community kitchens, refugee hostels, nurseries, family centres and domestic abuse refuges.
City Harvest tripled in size in 2020 to meet the demand of people facing food poverty. Now distributing free food for more than 1.2 million meals a month the need continues to rise as the cost of living tightens its grip.
https://www.cityharvest.org.uk/
About City Harvest NY
City Harvest is New York’s first and largest food rescue organization, helping to feed millions of New Yorkers who struggle to put meals on their tables. During our 40 years serving New Yorkers in need, we have rescued more than one billion pounds of fresh, nutritious food and delivered it—free of charge—to hundreds of food pantries, soup kitchens, community partners, and our own Mobile Markets® across the five boroughs.
This year, we will rescue and distribute more than 75 million pounds of nutritious food to our neighbors in need. City Harvest works alongside our community partners to boost community capacity, expand nutrition education, and strengthen local food systems. Since our founding in 1982, City Harvest has always been there to feed our city—one day, one meal, one New Yorker at a time. To learn more, please visit cityharvest.org.
About European Food Banks Federation
Established in 1986, the European Food Banks Federation (FEBA) is a European non-profit organisation based in Brussels and works in collaboration with 24 Full Members and 6 Associate Members in European countries, bringing together more than 300 Food Banks. FEBA represents its membership at European and international level; supports and strengthens Food Banks in Europe by providing training, sharing best practice and knowledge, building expertise, and ensuring efficiency, and developing partnerships with corporations, foundations, and other organisations; and fosters the development and creation of Food Banks where they are most needed.
About Foodbank, Australia
Foodbank is Australia’s largest food relief organisation, providing essential food and groceries to more than 1 million Australians each month. To do this, we work with the entire Australian food and grocery sector including farmers, wholesalers, manufacturers and retailers who donate and re-direct surplus product to us so we can make it available to 2,652 charities and 2,980 schools providing food relief. Foodbank is also the only food relief organisation to play a formal role in times of emergency, such as during natural disasters like bushfires, cyclones and floods, and community emergencies.
About Food From The Heart, Singapore
Food from the Heart is a charity founded in February 2003 by Singapore-based Austrian couple Henry and Christine Laimer, who were inspired to channel surplus food from bakeries to families in need after they read an article about bread wastage.
Today, Food from the Heart is one of Singapore’s foremost independent food charity with IPC status devoted to alleviating hunger through efficient distribution of food in a sustainable manner; and making a significant impact in food waste reduction. Food from the Heart helps thousands of lives each year by garnering support from sponsors, donors and volunteers to fight hunger through its five core programmes: Bread Run, Community Food Pack, Project Belanja!, School Goodie Bag, and Market Place.
With the support of donors, food industry partners and more than 10,000 volunteers, Food from the Heart made a difference to the lives of more than 59,500 people throughout Singapore, distributing S$7.23 million worth of food in 2022.
https://www.foodfromtheheart.sg/
About OnSide
It’s about opportunity.
Potential is everywhere. But while some young people get every opportunity to explore theirs, others don’t. OnSide is a national charity determined to make sure that all young people have the opportunity to shine. The chance to discover their passion and their purpose. OnSide funds, builds, launches and supports a network of state-of-the-art, multimillion-pound Youth Zones in the UK’s most disadvantaged areas.
These are incredible spaces filled with energy, inspiration and highly skilled youth workers who truly believe in young people. This is passionate, properly-funded youth provision. A unique partnership between young people and their community, local authorities and private business leadership, and a growing movement of supporters who together believe that all young people need is a chance to discover what they’ve got and where it could take them.
https://www.onsideyouthzones.org/
About Whitechapel Mission
We have been helping Londoners to help people who are rough sleeping since 1876, meeting the specific needs of each man and woman who walks through our doors.
First, we help people by meeting immediate needs: food, shelter, clothing, and medical care. In our recovery programs, we address deeper needs for life-skills and job-skills training, and addiction recovery. We measure our progress against four criteria, which indicate to us that a life has been transformed from homelessness to hope: connection to family, commitment to sobriety, a job and a place to live, and a plan for the future.
About YWAM
YWAM Tuen Mun is a charity organization in Hong Kong that is dedicated to serving the local community and empowering the marginalized through a food bank and interactive community programs. YWAM Tuen Mun’s food bank partners with over 100 organizations to distribute food and goods to individuals and families in need, feeding over 14,400 people per month. YWAM Tuen Mun’s social integration programs not only provide essential sustenance through “Blessing Bags,” but also foster connection and community among those in need. YWAM Tuen Mun is one of the few charities in the city serving the unnoticed cardboard collectors, providing hot meals and kits designed specifically to support them in their work. Through their poverty awareness programs, YWAM Tuen Mun aims to educate and engage the community, raising awareness about the challenges faced by the marginalized and underserved to move people to compassionate action. The unwavering belief that drives YWAM Tuen Mun is that every life is valuable and deserving of love and care.
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