CORPORATE SOCIAL RESPONSIBILITY In 1988 Per Grieg sr. established the precursor to the Grieg Foundation. His thought was that returning a share of the Grieg Group´s profit into activities outside of the daily business would inspire not only the recipients, but also all employees. The knowledge that ones business goals involve more than just increasing wealth strengthens the motivation, self-esteem and self respect of people in the organisation. 25% of the values created by the Grieg Group are endowed to the society. Grieg Logistics is owned 25 per cent by the Grieg Foundation, which means one quarter of the values created by the Grieg Group will be endowed to the society. Many of the projects Grieg Foundation supports are in the intersection between youth work and culture work. Other contributions are given towards health, research and other benevolent projects. Supporting education globally The main focus in the Grieg Foundation’s contribution relates to support and education of children and young people on a global basis. We are one of the main sponsors of SOS children. Grieg Foundation have also supported building of schools in China, Africa and lately at Madagascar, Scholarships for students at the United World College in Costa Rica and the Pestalozzi College in England. Gender equality are among the most important priorities of the Grieg Gender challenge as equality is not just a right in itself, but is instrumental in achieving economic growth and poverty reduction 26 MILLION NORWEGIAN KRONER SUPORTING EDUCATION Supporting medical research Grieg Foundation support Medical and environmental projects. At Haukeland Hospital, Bergen, the Foundation supports several medical research program, i.e. cancer and heart diseases. Abroad we support eye surgery in Moldova, fistula pregnancies through The Ethiopia Fund among others. We also engage in projects like Sahara Forest Project, a new environmental solution to create re-vegetation and green jobs through profitable production of food, water, clean electricity and biomass in desert areas. 1 MNOK SUPPORTING HAUKELAND HOSPITAL, BERGEN IN THEIR MEDICAL RESEARCH PROGRAM Cultural activities Grieg Foundation also supports cultural activity with the main emphasis on music and operas. Our so far largest single project is Oseana, the new cultural center at Os outside of Bergen. Read more about the different areas in Grieg Foundation annual reports. Grieg Logistics AS | C. Sundts gate 17. P.O. Box 234 Sentrum, N-5804 Bergen, NORWAY | Phone: +47 55 57 66 00 | Org.nr.: 996346579 | Grieg Logistics is part of the Grieg Group