Statement by the
Chairman of the Board of Executives
Dear Readers,
The economic and geopolitical turmoils of the past year are striking testimony to how vital adaptability and foresight are for economic success. The ongoing substitution of fossil fuels, the onward march of new digital technologies, and far-reaching upheavals in global supply chains are increasing the pressure for change on established business models and mature industries.
Even though we often experience such changes to be difficult or even painful, they always bring with them opportunities and fundamental improvements. As a consequence, we at the RAG‑Stiftung continued to work on bolstering our portfolio’s robustness and resilience: with greater breadth in our investments and a focus on established strengths in our strategic holdings. Both help ensure we can reliably fulfil our core mission to safeguard financing of the perpetual obligations of the German hard coal mining industry long-term. In this sense, 2024 was another good year for the foundation. Above and beyond our current obligations, we were again able to increase our provisions substantially. We have grown with and proven equal to our tasks under difficult conditions. As a result, we can look ahead with confidence to 2025 and beyond.
Bernd Tönjes
Chairman of the Board of Executives of the RAG-Stiftung