AMSTERDAM (15 November 2010) – New World Resources N.V. (“NWR” or the “Company”), is pleased to announce that its subsidiary OKD, a.s. (“OKD”) has gained a highly prestigious philanthropy award in the Czech Republic. The company placed second for generosity in the TOP Filantrop 2010 award, which sets out to reward Czech businesses for their contributions to the support of projects beneficial to the public.
In 2009, OKD donated more than EUR 5.4 million to the OKD Foundation for use in supporting beneficial causes in general. Through the contributed funds, the company supported projects in the fields of social and healthcare services, education, culture and environmental protection.
“The longstanding systematic support provided to publicly beneficial activities is something that OKD performs as a matter of course, with respect to the character of our business undertakings. We appreciate the full support of our shareholders that we enjoy in this area,” said Petra Mašínová, NWR Head of Corporate Communication.
The OKD Foundation was established in 2008. OKD annually commits one per cent of its gross profit to the Foundation. This policy ensured that the company was on the podium when it came to ranking the level of company donations in relation to revenues and profit. The NWR Group overall has contributed EUR 10.5 million to the OKD Foundation since 2008.
Under the auspices of the Donors’ Forum, the TOP Filantrop contest provides the only ranking in the Czech Republic for monitoring corporate social responsibility. It gives awards to businesses that consider socially responsible activities to be an integral part of their corporate culture.
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New World Resources N.V.
New World Resources N.V. is the sole owner of OKD, a.s., the Czech Republic's largest hard coal mining company and one of the largest producers in Central Europe by revenue and volume. Serving customers in the Czech Republic, Slovakia, Austria, Poland, Hungary and Germany, the Company produced 11 million tonnes of coal and 843,000 tonnes of coke in 2009.
15 Nov 2010 OKD ranks as second most generous philanthropist in the Czech Republic (151KB PDF)