Reports

2021 Annual Report

Executive Summary

The year 2021 was marked by the Vatican Chamber of Trade's efforts to navigate the economic challenges posed by the ongoing global pandemic. Despite these obstacles, the Chamber maintained its focus on ethical investment and humanitarian support, with a particular emphasis on healthcare and poverty alleviation.

Financial Overview

• Total Revenue: €16 million

  • Membership Fees and Donations: €8 million

  • Ethical Investments: €5 million

  • Partnership Contributions: €3 million

• Expenditures: €10 million

  • Healthcare Initiatives: €3.5 million

  • Poverty Alleviation: €2.5 million

  • Sustainable Development: €2 million

  • Operational Costs: €2 million

Impact Assessment

• Healthcare: The Chamber funded the establishment of mobile medical units in rural areas, delivering essential healthcare services to 75,000 people. Additionally, €1 million was allocated to vaccine distribution in underserved regions, facilitating the immunization of 200,000 individuals.

• Poverty Alleviation: Through partnerships with local organizations, the Chamber provided microloans to 5,000 small businesses, helping to stimulate local economies and create sustainable employment opportunities. The Chamber also funded the construction of affordable housing units for 2,000 families.

• Sustainable Development: Investment in renewable energy projects continued, with a focus on solar power installations in developing countries. These projects provided clean energy to 50,000 households, significantly reducing reliance on fossil fuels.

Transparency and Governance

The Chamber’s financial activities were thoroughly reviewed by an external audit team, which confirmed adherence to ethical standards and transparency in all financial transactions. No discrepancies were found, underscoring the integrity of the Chamber’s financial management.