First Projects Funded by ConstelliumCARES, the Company’s Newly Launched €1 million Philanthropy Program

Rhea-AI Summary

Constellium (CSTM) announces the launch of ConstelliumCARES Fund, a philanthropy program with a commitment of up to €1 million per year to advance initiatives focused on climate change, diversity and inclusion, and education and skill-building. The fund aims to address global challenges and local needs, reinforcing the company's dedication to creating a lasting impact and contributing to a more sustainable and inclusive future. In 2023, the fund sponsored local projects in Europe and the United States, including supporting underprivileged students, providing services for disadvantaged populations, fostering inclusion for people with disabilities, and promoting STEM education and career opportunities for female students.

PARIS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Constellium (NYSE: CSTM) is proud to announce that it has funded its first projects under the ConstelliumCARES Fund, a company-wide philanthropy program established in 2023 dedicated to advancing positive change in global and regional programs and local communities. With a commitment of up to €1 million per year, Constellium aims to advance initiatives centered around climate change, diversity and inclusion, and education and skill-building.

This fund reinforces the numerous local community service activities led by Constellium’s plants, R&D centers, and corporate offices, and supported by employee volunteers. The ConstelliumCARES Fund will leverage these initiatives to address both global challenges and local needs.

"At Constellium, we recognize that our success is fundamentally linked to the well-being of the communities we call home," said Jean-Marc Germain, CEO of Constellium. “Through the ConstelliumCARES Fund, we are dedicated to creating a lasting impact and contributing to a more sustainable and inclusive future for all. I am proud of this philanthropic initiative but even prouder of our many employees who volunteer their time to serve their community.”

In 2023, the newly created ConstelliumCARES Fund sponsored local projects in Europe and the United States for community initiatives around education and training, biodiversity, and inclusion. Projects included:

• Supporting schools and education programs for underprivileged students in Alabama, Georgia, and Michigan
• Sponsoring housing, rehabilitation, training, and other services for disadvantaged populations in Paris and Baltimore
• Fostering inclusion by providing training and equipment for people with disabilities in France
• Promoting STEM education and career opportunities to female students in France and the U.S.

Further details on the projects funded in 2023 are available on our website.

Additional environmental and community projects are under review by a dedicated Steering Committee for funding in 2024.

About Constellium

Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value-added aluminium products for a broad scope of markets and applications, including packaging, automotive and aerospace. Constellium generated €8.1 billion of revenue in 2022.

Jason Hershiser - Investor Relations
Phone: +1 (443) 988 0600
investor-relations@constellium.com

Delphine Dahan-Kocher - Communications
Phone: +1 (441) 420 7860
delphine.dahan-kocher@constellium.com

FAQ

What is the name of the philanthropy program launched by Constellium?

Constellium has launched the ConstelliumCARES Fund, a philanthropy program.

What is the commitment amount for the ConstelliumCARES Fund per year?

The commitment for the ConstelliumCARES Fund is up to €1 million per year.

What are the focus areas of the ConstelliumCARES Fund?

The focus areas of the ConstelliumCARES Fund are climate change, diversity and inclusion, and education and skill-building.

In which regions were the local projects sponsored by the ConstelliumCARES Fund in 2023?

The local projects sponsored by the ConstelliumCARES Fund in 2023 were in Europe and the United States.

What are some examples of the projects funded by the ConstelliumCARES Fund in 2023?

Projects funded in 2023 included supporting underprivileged students, providing services for disadvantaged populations, fostering inclusion for people with disabilities, and promoting STEM education and career opportunities for female students.