IPB Insurance (IPB) has been a sustainable and successful business for many years. Our success has allowed us the opportunity to make a significant commitment in the area of corporate social engagement. We are optimistic about the future and ambitious about what we can achieve. Our aim is to make a difference in everything we do and to make a positive contribution to all our stakeholders. In 2012 IPB issued an initial social dividend of €5 million and established the CSE framework to distribute this fund over the five themes of Diaspora, Sport, Education, Youth and Community and Business Innovation.
€1 million of this fund was allocated under the theme of ‘Diaspora’ in support of the Gathering Ireland 2013 initiative. This was matched by equal funding from the government and distributed through the local authorities to support local Gathering events and projects around the country.
SportsNation is an initiative to increase peoples’ opportunities and access to sports through improved facilities in their local area. €1m of the fund was allocated to this initiative, with funding matched by the Department of Transport, Tourism and Sport (DTTAS). Announcements on the supported projects will be made in early December 2013.
We are delighted to announce a further €1 million allocation to our 3rd CSE initiative, which supports the theme of Youth & Community. The objective is to increase youth facilities and activities in the local community, promote youth participation and add value to existing youth projects. As we roll out the other themes, the groups who are eligible to apply will be contacted and the application process and criteria will be explained.
In the future, we may work with strategic partners, as was the case with the IPB Gathering Fund, or through collaboration with sector specific organisations. A strategic partner is an organisation or government body who commits to providing funding and/or mobilising resources to support a joint vision. Their strategy and goals should be aligned with those of the IPB CSE framework.
Collaboration between IPB and sector specific organisations may take place if the organisations can provide ideas and strategies that fit under one of our key themes. We believe there are significant benefits from collaboration both for IPB and the organisation including:
- Assisting with the creative process.
- Providing insights and different areas of expertise.
- Increasing capacity to existing team.
- Assisting with reaching a wider/new audience.
- Providing an opportunity to contribute to their event or activity rather than invent something new.