ERSTE Foundation publishes annually a report with information and figures related to its work.
Manufacturing Truth is the motto of our 2021 Annual Report. If this makes you raise your eyebrows, you have a good feeling for language. This statement indeed sounds a bit like “fabricating alternative facts”. It sounds like the opposite of what it means: it suggests the search for a “different” truth. Timothy Snyder argues that, for democracies to work, public debate must be based on facts. Factuality, a truth accepted by all, must be produced, at times in painstaking ways. Foundations can enable and promote the production of facts, of basic knowledge, of agreements on correct choices, of protected spaces, of art, and of truth. That is why we exist.
The refreshed report presents the development of the foundation’s participating interests in Erste Group, its core projects and areas of activity, and the decision-making team and boards. In addition, it provides the foundation’s financial statement and gives an overview of developments planned for the future.