Why do we engage so deeply in these efforts?
The answer is simple: it’s about taking responsibility. This responsibility doesn’t just extend to our immediate surroundings or business activities but to the whole world. The core values of our founders, emphasizing that we, as part of the global community, have a duty to help wherever we can, are a constant
inspiration for all of us at COFERMIN. And yes, studies show that companies that take social responsibility seriously are more successful not just in society but also in the market. Our employees and customers recognize and appreciate this commitment, strengthening their loyalty and trust in COFERMIN.
My personal experience with intensive work in this field has shown me that professionally managed organizations tend to be more effective in implementing their projects. These organizations may use some donations for administrative tasks, but the efficiency of their projects and the impact of each donated amount is significantly higher. This is because professional structures are better equipped to plan and execute projects successfully. In the U.S., for instance, many charities are run like businesses, enabling them to attract and retain talented professionals who ensure high effectiveness with the resources used. This model allows more money to be raised and has a larger impact.
I believe it’s time that we in Germany also start accepting and supporting this practice to ensure that our donations not only reach their destinations but also have the maximum impact.
Looking ahead, COFERMIN plans to deepen our social engagement further and involve employees more in decision-making processes. By engaging our teams in selecting and supporting projects, we strengthen the sense of community and foster a culture of shared responsibility. Given the pressing global challenges, like the climate crisis and social inequality, I believe it’s vital for businesses to take the lead and demonstrate how business success and sustainable social engagement can go hand in hand.
In closing, I want to encourage companies considering starting or expanding social initiatives to remain authentic and choose projects that can make a real difference. It’s essential to be transparent and ensure that aid truly reaches those who need it most. Despite the inevitable challenges, the path of social responsibility is one of the most valuable a company can take. This path requires commitment and often courage, but the rewards—for both the community and the company itself—are immense and lasting.
Andreas Pabst
Managing Director
I am Andreas Pabst, Managing Director at COFERMIN. As a mediator, communicator and team player, it is particularly important to me to bring parties together for mutual progress. Through my many years of experience in various management positions, I have built up in-depth expertise in corporate strategy and development. At COFERMIN, I am committed to promoting innovative and sustainable solutions that make both economic and ecological sense.