ERSTE Foundation Annual Report 2021

Publisher: ERSTE Foundation, Vienna
Year: 2022

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.

Download ERSTE Foundation Annual Report 2021

Florian Bauer

Director Social Finance, Sustainability and Innovation
Since 2023, Florian Bauer has been responsible for social finance, sustainability and social innovation at ERSTE Foundation. Prior to this role, Florian worked in the NGO & Social Entrepreneurship sector for more than 13 years. He led the Renewable Energy and Energy Efficiency Partnership (REEEP), an international multilateral NGO that works to accelerate market-based deployment of renewable energy and energy efficient systems in developing countries, and was Managing Director & COO of the Impact Hub Vienna. From 2020-2023, Florian established strategic alliances with key partners and helped to create innovative semantic technology solutions at Semantic Web Company (SWC), a leading IT company in semantic AI solutions.