IE FOUNDATION ANNUAL REPORT 2020

Talent Taking Care of Talent TABLE OF

CONTENTS ANNUAL REPORT 2020

1 OUR VISION & VALUES 3 1.1 IE Foundation Leaders 5

2 LETTER FROM THE PRESIDENT 7

3 MESSAGE FROM THE EXECUTIVE VICE PRESIDENT 9

4 EMPOWERING TALENT 11 4.1 Scholarship Data 13 4.2 IE Foundation Fellows 15 4.3 Young Talented Leaders 17 4.4 Scholarships for Talent & Excellence 21 4.4.1 Spotlight on new Scholarship Programs 22 4.5 Santander Online Scholarship Programs 25 4.6 Spotlight on IE Resilience Scholarship Fund (COVID-19) 27 4.7 IE Women Initiative 28 4.8 IE for Life 31 4.9 Supporting Talent and Humanities 32

5 COLLABORATIVE KNOWLEDGE GENERATION 36 5.1 Spotlight on: 2020 Collaborative initiatives 37 5.2 Centers 41 5.3 Observatories and Projects 49 5.4 Selected Publications 51 5.5 Chairs 52 5.6 Supporting Academic Research 53 5.7 The IE Library 54

6 IMPACT INITIATIVES & SOCIAL OUTREACH 55 6.1 Social Impact Initiatives on Campus 57 6.2 South Summit 62 6.3 The Future of Higher Education 63 6.4 Financiers without Borders 65 6.5 Puentes Global 66 6.6 Spotlight on: The Humanities 67 6.7 Diversity & Impact 69 6.8 IE Foundation Sponsorships 70

7 FINANCIAL FIGURES 71

7.1 Income and Expenses 73

8 SPECIAL THANKS 74

9 IE FOUNDATION DONORS 76 2 1 OUR VISION &VALUES ANNUAL REPORT 2020 IE Foundation was created to promote IE University’s core values of entrepreneurship, diversity, humanities, inclusivity and innovation. It provides resources and support and leads initiatives to expand and elevate education at the institution, bolstering research efforts and assisting the academic community in general.

The Foundation offers scholarships to those individuals Social responsability, commitment to diversity, and that demonstrate particular talent and promise, as the ability to embrace difference are all essential well as creates productive partnerships between the elements of the IE philosophy. A culture that nurtures university and the wider community, promoting and supports future leaders must also be one that awareness of pressing societal issues. fosters a sense of social engagement and inclusivity.

While last year has been particularly IE University ensures that students have access to a challenging, the Foundation has rich variety of perspectives and disciplines, and IE Foundation promotes this endorsement of diversity. once again proven its resilience Nowhere is this more apparent than at the IE Library, and capacity for reinvention and in initiatives such as the Prizes in the Humanities, and adaptation. in those organizations and events that the Foundation chooses to sponsor. Thanks to the backing of its donors, it has continued to fund scholarships to gifted students, making IE The success of all IE Foundation projects depends on University education available to an ever greater pool the support of IE University students, alumni, families, of talented applicants. It has also continued supporting staff and partners. The generosity of this open-minded research into significant social issues, including diver- and forward-thinking community is the oil that keeps sity, globalization, gender equality, entrepreneurship the wheels at IE Foundation turning, allowing the and innovation. institution to achieve its ambitious goals, adapt and improve its services and operations and continue to And, despite the disruption caused by the pandemic, make an impact. the Foundation has never failed in its efforts to advocate for progress—on the individual level, within the academic community and in society as a whole. 4 1.1 IE FOUNDATION LEADERS ANNUAL REPORT 2020

2020 Members of the Board 2020 Trustees

President Mr. Fernando Barnuevo Sebastián de Erice Mr. Diego del Alcázar Silvela, Marquis of la Romana Mr. Salvador Carmona Moreno

Executive Vice President Mrs. María Cordón Muro Mr. Gonzalo Garland Hilbck Mrs. Ana de la Cruz Selgas Mr. Guillermo de la Dehesa Romero Secretary Mr. Diego del Alcázar Benjumea Mrs. Macarena Rosado Corral Mrs. Isabela del Alcázar Benjumea Mr. Juan José Güemes Barrios Mrs. Mar de Hurtado de Mendoza Crespo 2020 Directors Mr. Santiago Iñiguez de Onzoño Executive Vice President Mr. Carlos Mas Ivars Mr. Gonzalo Garland Hilbck Mrs. Julia Emilia Sánchez Dascano

Deputy Vice President Mrs. Nancy Cueto

Director General Mr. Geoffroy Gérard

5

CHINA & ENTREPRENEURSHIP — ART, CREATIVE AND SOCIAL DEVELOPMENT — PHILANTHROPY — ISLAMIC FINANCE — NEXT GEN — CUSTOMER CENTRICITY — SOCIAL INNOVATION — AFRICA AT IE — HOUSEHOLD SAVINGS — DEMOGRAPHY AND SENIOR ECONOMY — SUSTAINABILITY — HUMANITIES — TRANSPORT ECONOMICS & INFRASTRUCTURE MANAGEMENT — COMPLIANCE — GENDER AND INCLUSIVITY — DIVERSITY — FAMILY IN BUSINESS

Types of research ANNUAL REPORT 2020

2 LETTER FROM THE PRESIDENT JUNE 2021

Diego del Alcázar y Silvela President, IE Foundation

Once again, we are able to meet to take asses of recent This truly is the philosophy of “giving back”, because events and, on this occasion, to look back with a smile it works in such a way that it is the students themselves on a year that I would venture to describe as a new who, when they enroll, make a contribution so that dawn or a new beginning for IE Foundation. other students can pursue their studies in the future. This is a modus operandi that we at IE strive to promote, First of all, and as always, I would like to thank the as it represents a strong link in actively underpinning Foundation’s Board of Trustees, on behalf of the IE and believing in the future, and in the education of Community, for their constant support, genuine affec- others. This is why we would like to thank everyone, tion and ongoing input of ideas and projects that we as this philosophy embodies working hard together as are gradually implementing. I would like to make a team towards a common good. special mention once again of the Board’s constant support for talent, which is substantiated through the The Foundation’s specific activities were carried out scholarships that enable so many students with a with efficiency and charisma during the year. Not even brilliant academic record to study with us. a pandemic could stop our team from supporting entre- preneurship, diversity, innovation and sustainability. Of course, my second thank you is to our alumni and their families, who contribute to this community every year with their generous donations. They are the Although the pandemic cornerstone of the Foundation and, thanks to their accompanied us at all times, donations that fund scholarships, they help to we can say that we perpetuate our core philosophy of unceasing, spirited accomplished our mission. generosity and support for others.

7 — LETTER FROM THE PRESIDENT

New dawn, ANNUAL REPORT 2020 new beginning

Looking back at the various initiatives undertaken in with the Foundation. We are also proud of the tradition 2020, I would like to focus on activities that came into started by René Dahan and László Kapolyi, and of being during the year, such as the IE Resilience the ideas and proposals that have led to outstanding Scholarship Fund, which aimed to lend a helping hand projects such as the signing of a new scholarship agree- to the students and families most affected by the health ment with the Mexican philanthropist Valentín Díez crisis and the resulting economic downturn. Morodo.

Many thanks to all of you who I would also like to thank the generosity of Guillermo contributed to the Fund, including de la Dehesa who, together with his wife Michèle Barbé, donated his impressive Economics book collection, alumni, staff, professors (some of consisting of 20,000 tomes on the subject, to the IE whom gave up elective course Library. income to donate to the Fund); and parents of students, including I would also like to honor a person with very close one donor who asked to remain links to IE, Rafael Benjumea y Cabeza de Vaca, who generously dedicated his time and energy to numerous anonymous and who donated activities at the Foundation. Rafael Benjumea, who €150,000 to this Fund, which has passed away this year, was an outstanding ambassador helped numerous students. of IE Foundation’s “Young Talented Leaders” program, helping to provide scholarships of over €1.7 million We should also mention the new scholarships funded for exceptional students with companies such as by Cubico Sustainable Investments and Celsia, and FRV, Cubico, AJE Group and Philyra, opening the the expansion of the Santander Bank’s scholarships Foundation’s doors to many companies and partners. program, which also aimed to support students affected by the COVID-19 crisis. Finally, I would like to thank the Foundation’s Executive Vice President, Gonzalo Garland, our Deputy Vice Another new initiative involved the creation of the President, Nancy Cueto, and our General Director, Family Savings Observatory with the patronage of the Geoffroy Gérard, as well as all those who have contrib- Fundación Mutualidad Abogacía, and we also launched uted to running the Foundation, including Rafael Puyol the IE Foundation Fellows program, centering on and Carlos Mas, whom we would like to thank for offering a group of very talented scholarship recipients their tremendous dedication, ability and hard work, a program of activities and personalized mentoring which have enabled us to get where we are today. during their time at IE University.

I would also like to dedicate a special mention to the members of IE’s International Advisory Board, such as Diego del Alcázar y Silvela Kofi Appenteng, who are engaged in important projects President, IE Foundation 8 3

MESSAGE ANNUAL REPORT 2020 FROM THE EXECUTIVE VICE PRESIDENT JUNE 2021

Gonzalo Garland Executive Vice President IE Foundation Dear Community,

2020 was certainly a complex year, a year of resilience In 2020, IE Foundation also launched the IE Foundation in which the global impact of the COVID-19 virus Fellows program, a community of outstanding scholar- generated an even greater need to support talent than ship recipients studying undergraduate and master’s ever before. The generosity of IE Foundation’s partners degree programs. The aim of this initiative is to and benefactors at such an unprecedented moment in recognize students who are exceptional in both academic history has been unparalleled, increasing the number and personal terms, create a sense of belonging and of scholarship programs, endorsing the different commitment to the IE community, and give them the initiatives undertaken and strengthening the IE tools to become agents of change in their respective University community. professional careers.

Indeed, one of IE Foundation’s main challenges in 2020 In addition, IE Foundation worked to further enhance was the need to expand its scholarship funds so that the value of the prestigious IE doctoral program, the brightest talent was still able to fulfill its potential. developed to enable students to engage in their chosen This led to the creation of the IE Resilience Scholarship field of research, and it continued its commitment to Fund in conjunction with IE University. The initiative fostering talent and sustaining the intellectual curi- was supported by in-house resources and donations osity of all students through support for the IE Library. from the IE community in order to help IE University students and prospective candidates whose financial The different IE Centers also addressed various topics situation had taken a severe hit as a result of the of interest, such as the role of philanthropy in society pandemic. 2020 also saw the expansion of existing through the “Personal Philanthropy Profiles in Spain” scholarship programs with multiple external partners, report, drawn up by the IE Center for Families in including FRV and Kistefos AS, and the launch of new Business in conjunction with CaixaBank Banca scholarships backed by Santander Universities, Cubico Privada; the relationship between innovation and Sustainable Investments and Celsia. diversity, through the 2019 InnoDiversity Index, 9 One of IE Foundation’s main challenges in 2020 was the need to expand its scholarship funds so that the brightest

talent was still able to fulfill its potential. ANNUAL REPORT 2020

a pioneering research study that compiled key data on diversity and innovation in companies in Spain which was promoted by the IE Center for Diversity in Global Management; and the concept of customer-centricity, 2021 has also begun with renewed vigor in the area of with the first benchmark report by the IE Center for new scholarships, and in terms of contributions to the C-Centricity, entitled “Decoding C-Centricity”, which generation and dissemination of knowledge. The seeks to develop knowledge about what it means to be invaluable contributions of Valentín Díez Morodo, a customer-centric. member of the IE Advisory Board, through a Scholarship Fund for students from Mexico, and that of the In addition, new agreements were signed to promote Chairman of the Board, Guillermo de la Dehesa and new lines of research, such as the partnership agree- his wife Michèle Barbé, through their donation of more ment between IE Foundation and the Fundación than 20,000 books to the IE Library, are greatly Mutualidad Abogacía to create the Family Savings appreciated. Observatory. Other agreements with strategic partners, such as JPMorgan and Mapfre, were renewed, enabling On behalf of the entire IE Foundation community, I us to consolidate major initiatives such as the digital would also like to express our deepest gratitude to our transformation of small retail businesses in the city of patron Rafael Benjumea y Cabeza de Vaca, who left us Madrid during the COVID-19 crisis and the third last April. His constant, exemplary support will continue MAPFRE Foundation Awards for Social Innovation, to be a guiding light for us all thanks to the Rafael both of which were promoted by the Center for Social Benjumea—Young Talented Leaders Scholarship, which Innovation and Sustainability. will be awarded by IE Foundation in the near future.

Likewise, in 2020, IE Foundation participated in a Finally, I would like to emphasize that none of these number of social initiatives championing the value of initiatives, activities and achievements would have the humanities and increasing their visibility, encour- been possible without the support of IE University aging entrepreneurship and fostering student talent students, alumni, parents, partners, faculty and staff. in our community. These included the Humanities I would like to thank the generosity of all the benefac- Awards, the Hay Festival, our Social Action programs tors who have contributed to help us in our work. We (Global Bridges and Financiers without Borders), our hope to continue to receive your support in future years contribution to the South Summit, the organization of so that the Foundation’s endeavors will have an ever the Reinventing Higher Education Conference, support greater impact on the IE University community and for the organization of EnlightEd and backing for society as a whole. This is IE Foundation’s challenge student club activities via Campus Life. Through these and commitment for the future. initiatives, IE Foundation seeks to expand its outreach on and off campus, raising the profile of its actions in the IE community, and becoming more involved in Gonzalo Garland supporting a community that is strongly committed Executive Vice President to its institution and to society. IE Foundation 10 4 EMPOWERING TALENT Helping the best to reach their potential ANNUAL REPORT 2020

At IE, we believe that each individual deserves the In response to the impact of COVID-19 in our commu- opportunity to reach their full potential. Everyone nity, IE Foundation has acted as a catalyst, channeling should have the chance to be the best they can be, and donations of hygienic materials to the community, financial limitations should never be a barrier to launching cutting-edge scholarship programs for success. online programs in times of lockdown, and creating a special fund to gather support from the community for Thanks to the backing of our entire community of those who need it most. donors—students, alumni, families, faculty and part- ners—IE Foundation is delighted to be able to invest in In a year in which our strengths the potential of individuals from diverse cultural and and limits have been put to the test, socioeconomic backgrounds. the opportunities afforded by the

In 2020, we have continued working alongside the dedicated work of IE Foundation Financial Aid Office to provide a wide range of schol- have remained invaluable in terms of arships and grants to ensure that all students can educating resilient leaders equipped develop their skills, expand their knowledge, and lay to deal with the most challenging the foundations for their future careers—all while circumstances. being surrounded by our international community and its outstanding professors, peers and mentors.

www.ie.edu/ie-foundation

12 4.1 SCHOLARSHIP DATA

The impact of the scholarships awarded by IE Foundation is felt around ANNUAL REPORT 2020 the globe for generations. In 2020, more than €20,497,936 was awarded by IE and IE Foundation to undergraduate, master and Ph.D. scholarship recipients from over 109 nationalities.

In addition to undergraduate and master programs, IE Foundation also supports IE’s prestigious Ph.D. programs, designed to give individuals the chance to pursue research in their areas of interest, adding value to the international business community and beyond.

13 More than Scholarships granted to students from

€ 20,497,936* ANNUAL REPORT 2020 over 109 awarded by IE University and IE Foundation to Undergraduate, nationalities Master and Ph.D. scholarship in 2020 recipients. *€17,603,856 awarded to incoming students.

44 % Europe

13 % North America 14 % Middle East and Africa

20 % Latin America 9 % Asia

*Regions of origin of scholarship recipients enrolled in 2020

51 % € 8,975,116 of the incoming awarded to incoming scholarships recipients female students in the in 2020 were women 2020-2021 academic year

6,742 Bachelor and Master students of 136 nationalities empowered in the last 5 academic years.

14 4.2 IE FOUNDATION FELLOWS ANNUAL REPORT 2020 At IE Foundation, we live by our deeply held commitment to the power of “Talent Taking Care of Talent”. For this reason, we direct a major part of the donations put forward by our students, alumni, parents, corporate partners, and other benefactors into scholarships.

The recipients of these scholarships are exceptional In return, we count on these Fellows to become dedi- candidates with high potential for impact. With this cated mentors and ambassadors of IE. They volunteer in mind, in 2020 we decided to launch the IE Foundation at key IE Events in order to help us to create greater Fellows program, which brings together outstanding awareness of our foundation and to offer guidance and current and past IE Foundation scholarship recipients support to new students across both our Madrid and to help channel that positive impact towards the IE Segovia Campuses. Community and society at large. In its first year, the program started strong with 173 students, and now, with the Young Talented Leaders recipients also included, IE Foundation Fellows has reached an impressive amount of 240 members. The IE Foundation Fellows in numbers: In order to find the best and brightest candidates with outstanding personal, professional and academic achievements, we conduct a rigorous selection process. Then, these Fellows receive personal guidance and 173 support from the directors of IE Foundation, as well new fellows in 2020 as access to valuable networking opportunities through activities and events organized by IE Foundation and IE University. 53 Nationalities represented

Gender distribution

53% 47% Female Male

IE Foundation Fellows Welcome Event—Fall 2020 15 IE FOUNDATION FELLOWS

To be part of a program that draws Karim Khoueiss, Lebanon, Tech MBA “students from different backgrounds and identities is particularly appealing to me. I had the opportunity to share my ideas, listen to others and challenge my uncon- scious biases that stem from my Middle Eastern background in order to become a better human. Having witnessed the It is an honor for me to be a part toll that hardships could have on students, on the IE Foundation Fellows Program. I am determined to pass on any aid I “My experience as an IE Foundation receive onto younger generations. Fellow has been very enriching from I am committed morally and ethically day one. I have been able to partici- to contribute to IE Foundation through pate in multiple events, get to know both fundraising and personal annual more about the enormous scope of donations for many years to come.” IE Foundation’s activities and projects, and meet people from all back- grounds, nationalities, and programs with great insights. As an IE Foundation Fellow, I believe in the power of giving back, and I hope in the future I will be able to impact the IE Community by creating my own business and offering scholarships, internships, projects and employment to IE students, because I believe in the essence of IE Foundation: Talent Taking Care of Talent.”

One of the things I value most about being “an IE Foundation Fellow, especially in times of liquid learning, are the on-campus / María Villanueva Galán, Spain, Dual Degree in in-person events. Whether it be the Business Administration welcome ceremony or a master class, the and International Relations events have allowed me to learn and to connect with other IE Foundation Fellows. We formed a network, gained insights into other programs and shared know- ledge about life at IE and in Madrid— a dynamic I hope to uphold during my Elisabeth Kuhn, Germany, remaining time at IE and to share with Master in Management newer students.” 16 4.3 YOUNG TALENTED LEADERS

With the help of IE Foundation, IEU Parents and strategic partners, the Young Talented Leaders scholarships ensure that top national and international students can benefit from our outstanding programs and contribute to our intellectual community. Thanks to the support of leading businesses like Kistefos, Philyra, FRV and more recently Celsia and Cubico, these scholarships offer multilateral support to talented individuals during their time at IE.

From tuition and accommodation to materials and medical insurance, our Young Talented Leaders are supported and empowered every step of the way.

IEU Parents for students Celsia-Cubico with high potential Cubico Sustainable Investments (Cubico) and Celsia The families of our students and alumni have a Colombia (Celsia) have come together with IE Foundation significant impact on our community. Thanks to their to launch a scholarship for Colombian undergraduate support, IE Foundation is able to award two full students at IE University. The program is designed to scholarships per intake every year. These scholarships support gifted Colombian students who are committed are offered to talented candidates who possess a high to their education and have demonstrated a strong desire academic potential, influence for impact, and an to achieve personal growth, but are experiencing entrepreneurial flair in their chosen field, but have financial obstacles. It covers tuition fees, accommo- financial barriers to higher education. dation, academic materials, and travel expenses during a four-year degree program.

Scholarships for universities across the world “are often limited. IE University, on the other hand, tries to create opportunities for potential students to reach their goals and dreams without having to worry about finances. At the same time, you become part of a community, not just of IE University scholars, but of extra- ordinary and talented peers with whom you can — S aina Abdollahzadeh, make lasting and meaningful connections.” Iran, Bachelor in Architectural Studies

17 YOUNG TALENTED LEADERS

Kistefos My experience at IE University has been great so far. Thanks to IE This scholarship fund is available over a period of four “University’s multinational student years and consists of 46 scholarships for candidates body I have received a lot of insights from Africa (Ethiopia, Liberia and South Africa) and Norway. In 2020, 5 Norwegian students and 7 African and perspectives from fellow students formed part of the new Kistefos Scholarship students. An important personal take- cohort. away that I learned from the cases I studied and from interactions with peers and professors is that your drive can make you achieve goals. I think this will be important in terms of one of my personal aspirations to become a leader who creates a positive impact. I think content learned from the management program will also be important in becoming a manager who can serve and inspire peers working towards a common goal in a company or organization.”

— Ådne Madsen, Norway, Master in Management

18 YOUNG TALENTED LEADERS

“The Kistefos scholarship is not just about “As a young woman from a financial support, it’s about building deeply patriarchal society, lifelong relationships with like-minded education becomes my people who are looking to positively trump card for a seat at the impact their region. I believe the South table of decision making, and African startup and small-to-medium this is the process I have set business environment will be the driving myself up to pursue. In order to support force in the future of the country. My goal my society and the broader developing is to join one of the startups or venture world, I need to be immersed in develop- capital firms and develop new dynamic ment policy at all levels, and this is what value chains between the startups and the program at IE University offers. In small businesses in the SADC region. The addition to the skills that I am currently fourth industrial revolution is the only acquiring, I am particularly motivated to revolution in which South Africa pursue a research-based fellowship to can be more than just a tackle power, conflict, and development participant—it can also be challenges, given the intractable conflict a pioneer for African busi- that continues to plague Ethiopia and ness and culture.” countries across the African region.”

— Marang Mutloatse, — B erhan Gebretsadik, South Africa, Master in Ethiopia, Master in International Business Analytics & Big Data Development

19 YOUNG TALENTED LEADERS

FRV Philyra

This scholarship is offered in partnership with Foto- This scholarship program helps talented Spanish stu- watio Renewable Ventures, a global utility-scale solar dents achieve their potential by providing funding for development company. The assistance is made available the duration of their degree. It is made possible thanks to students in the communities where the company is to the support of Philyra S.A., a company specialized present, with the aim of driving positive social change in insurance and financial activities. and encouraging education in those regions.

To me, education is extremely important. I am curious and eager to learn, to understand more about people, societies, and our world. “For my personal development, education has taught me the values of perseverance, hard work, and effort. Learning is beautiful, but it requires commitment. The education I received thanks to Phylira is a privilege, and thus, I also learned the responsibility that comes with privilege—the responsibility to make the most out of opportunities and to give something back. I also think that education has made — Paula Oliver, Spain, me more empathetic, a quality that I believe is crucial in today’s 2020 graduate from the Dual Degree in Business world. The more I understand the world, people’s lives and worries, Administration & the better I will be able to serve their needs and help them to International Relations resolve their problems moving forward.”

One of the best things that has ever happened to me is obtaining this scholarship. It has helped me in terms of my studies, and is also a badge “of honor that I will always wear for IE University in recognition of my hard work and uniqueness. I would like to pass on my knowledge and apply the skills I have learned to my work environment. The work ethic, innovation and leadership are all important attributes to pass on. My goal is to gain as much work experience as I can before I do my master and to then continue building my career as I have always envisioned.” — Sarah Al Atiyat, Jordan, Bachelor in Architectural Studies 20 4.4 SCHOLARSHIPS FOR TALENT & EXCELLENCE ANNUAL REPORT 2020

These scholarships are supported by donations from the IE community, with the express purpose of giving promising prospective students the financial assistance they need to continue their studies. They are available to anyone studying at one of IE University’s five schools, including its undergraduate, master and executive education programs, and who has outstanding academic records as well as a strong social commitment.

General Scholarship Fund Doctorate Programs

The General Scholarship Fund has supported over 200 IE Business School offers two doctoral programs: high achievers on the path to unleashing their full a full-time Ph.D. and a part-time DBA. potential. Awards are based on each student’s academic performance, social involvement and financial situation, These programs are designed to attract individuals at in order to ensure that the most deserving individuals the top of their fields, and take them to the next level receive the help they need. academically and professionally. The Ph.D. program is limited to an intake of just ten students each year, allowing participants to receive individual attention Fulbright Commission and support as they explore ideas, conduct research, and prepare their theses. IE Foundation supports the IE Foundation has actively collaborated for years with Ph.D. program at IE University and offers several the world-renowned Fulbright Commission to provide grants to cover tuition and fees, so that candidates postgraduate students from the United States with can focus on their projects without having to worry financial support to study at IE University. The about finances. Foundation funds full-tuition scholarships for programs such as the International MBA and Master in Management, as well as degrees in communications, social and behavioral sciences and global and public affairs. These are highly competitive awards given to students who show particular academic potential and a unique drive to innovate and promote change in the world around them.

21 SCHOLARSHIPS FOR TALENT & EXCELLENCE

The range of different perspectives brought forth by our diverse backgrounds and fields, as well as our openness and drive to learn,

“has fostered a productive learning environment and lifelong ANNUAL REPORT 2020 friendships.”

Despite having started the Ph.D. program in the midst of a global pandemic, I am genuinely grateful that IE University has done everything possible to maintain a welcoming and engaging experience while making sure that we are all safe. Regardless of whether classes were in-person, virtual or even hybrid, the sessions have always been interactive, engaging, and of very high quality. I am touched by the professors’ level of excel- lence and their dedication to ensuring we receive the best possible education no matter the circumstances.

Furthermore, getting to collaborate with professors on their research projects has been endlessly encour- aging and has enabled me to explore the depths of my own capabilities. Besides getting to know the incredible and inspiring faculty, it has also been immensely valuable to form outstanding connections with my peers. The range of different perspectives brought forth by our diverse backgrounds and fields, Carlina Conrad Cloppenburg, as well as our openness and drive to learn, has fostered Germany, Ph.D. student a productive learning environment and lifelong friendships.

At the root of all lasting change lies education. Nelson Mandela was aware of the necessity of education to IE Foundation Scholarship gives individuals from create a better tomorrow, stating that ‘education is all over the world the chance to receive a leading global the most powerful weapon that you can use to education, no matter their background. Not only is it change the world.’ It is the greatest gift of all, and it “a sign of how much IE supports and cares for its students, provides you and the world that the abilities needed but it is also a sign of wanting to invest in our future. to make a meaningful difference. Years ago, I was able Having such an important Foundation believe in me to co-found a non-profit focusing on empowering and my potential has significantly contributed to my middle-school children from underserved communi- motivation to succeed on my own journey. It is such a ties through research-backed lesson plans on mind- privilege to be among the scholarship recipients and fulness and perseverance. This experience and my I am truly thankful for this opportunity to be able to current undertaking of pursuing a Ph.D. at IE continue my education with the best resources and University has once again reminded me of the support. invaluable impact education has on one’s dreams and growth.” 22 SCHOLARSHIPS FOR TALENT & EXCELLENCE 4.4.1 SPOTLIGHT ON NEW SCHOLARSHIP PROGRAMS ANNUAL REPORT 2020

Celsia-Cubico

This Young Talented Leaders scholarship program This scholarship has given me was set up to support academically gifted Colombian the possibility to study a dual students. Jointly funded by Cubico and Celsia, the “degree in two programs I’m very program seeks to provide real development opportu- engaged with at an excellent nities for young Colombians who want to pursue high- level studies and get ahead. university in Europe. It gives me the opportunity to develop and Cubico is a world leader in providing renewable energy grow—personally, socially, across the Americas, Europe and Oceania. They take academically, and professionally— great pride in supporting initiatives to address the which will contribute significantly pressing environmental and social needs across the countries in which they operate. Their generous dona- to my future success in life, in my tion is sure to help make the dreams of many young career, and in my ability to make a Colombians a reality. meaningful impact on the world. Investing in education is betting on Celsia, a Colombian electric power company, boasts a opportunities for improvement and large portfolio of renewable energy projects under development. Their partnership with Cubico is repre- advancement that will contribute sentative of both their shared values and desire to to society in various ways and promote initiatives, such as this scholarship, that will various sectors. Education benefits change the lives of Colombian students. society and leads it to a favorable and prosperous future.” The scholarships cover the costs of all training and education costs, including tuition fees, accommodation, academic materials and travel over the course of a four-year degree program at IE University.

— María José Jaramillo, Colombia, Dual Degree in Business Administration and International Relations

23 SPOTLIGHT ON NEW SCHOLARSHIP PROGRAMS

SheTrades Scholarship Program ANNUAL REPORT 2020 This year, IE Foundation, IE School of Global & Public This program, which consists of six full scholarships, Affairs, and the International Trade Centre (ITC) provides talented women with an opportunity to study launched a new scholarship program designed to the Executive Master in Internationalization and Trade empower women working in trade and business expan- at the IE School of Global & Public Affairs. In addition, sion in developing countries. it is hoped it will increase the value of the businesses they represent and work for, expand the markets they Inspired by the International Trade Centre’s SheTrades have access to, and help them connect with potential initiative, this scholarship is founded on the belief that partners, buyers and investors. women’s economic empowerment is not a matter limited to government policy or the private sector, but a shared social responsibility.

I’ve always been passionate about helping SMEs in developing countries “(especially in the Asia Pacific/ASEAN region) who wish to internationalize. The EMIT program has advanced my knowledge and skills to better achieve this personal goal. It has strengthened my interpersonal and IE University has creative-thinking skills by integrating provided an unrivaled ideas and innovating new approaches “international experience. to address international trade Even amidst the COVID- issues.” 19 pandemic, the university has taken full advantage of its Liquid Learning methodology and has allowed us to apply our knowledge directly to our fields of work. I want to give back by acting — María Esperanza Alconcel, The Philippines, Executive as a liaison between the different stake- Master in International holders and helping facilitate trade. Trade This, in turn, will help as a catalyst for improvement in matters of women empowerment, poverty eradication and overall improvement of quality of life.”

— Sara Ivette Poveda, Nicaragua, Executive Master in International Trade 24 4.5 SANTANDER ONLINE SCHOLARSHIP PROGRAM ANNUAL REPORT 2020

In 2020, IE Foundation’s collaboration with Banco Santander has continued supporting students and young professionals from all around the world through challenging times.

Early this year, the Santander-IE Digital DNA scholars launch of the Tresmares Scholarships. This program completed their pioneering program, designed to boost covers 70% of tuition for any of IE University’s the employability of university students by achieving Executive Education courses and is aimed specifically digital skills in business administration, data manage- at managers from high-growth potential SMEs, who ment and digital innovation. thanks to these scholarships have the opportunity to be an active part in their companies’ growth by With the outbreak of COVID-19, the Aid to Education furthering their knowledge of management and Fund was launched as a quick response to the needs of leadership, digital transformation, sales, and students, teachers and young professionals to speed up marketing. the shift to a hybrid environment at a global level. This program, which ran from March to July, offered 5,500 scholarships to higher-education students and young professionals to learn about key topics such as The LegalTech Course was an customer centricity, leadership in VUCA times, data incredible experience for me, even with science and digital transformation, among others. “a global emergency at hand. The inter- Moreover, the Fund also offered 10,000 additional national experience of the program scholarships to educators from all academic stages to take online courses about best practices on digital gives you a broader perspective of education. legal tech and teaches you how to apply a hands-on approach to create After the summer, two more scholarship programs your own company and become an were launched—the Santander IE Tech4Law Program, innovative entrepreneur to change the aimed at top Law profiles willing to add new techno- logical skills to their professional development, and status quo in a traditional sector.” the Santander IE Tech Revolution in Finance Program, designed to show the potential of the financial envi- ronment to students and young professionals with STEM profiles. — Diego Montes Serralde, In addition to this, IE Foundation also sought to Mexico, Santander-IE support Spanish homegrown talent by collaborating Tech4Law with Santander Bank and Tresmares Capital in the 25 SANTANDER ONLINE SCHOLARSHIP PROGRAM The High Impact Online Program ‘Tech Revolution in Finance’ was a great “chance to develop my STEM skills in

the financial sector and broaden my ANNUAL REPORT 2020 knowledge of how technology is trans- lated into value in this field. I completed assignments that helped me learn about blockchain usage and high-frequency trading. I did mockups of applications and created reports with EDA of sharing-economy data. And I also had the opportunity to meet fantastic and — Kinga Mulik, Poland, talented students.” Santander-IE Tech Revolution in Finance

I am very thankful for this scholarship, as I learned “a lot during the program. I didn’t know many of the — Luciana Cordeiro tools, and now I have already de Souza Fernandes, used many of them in my Brazil, Santander-IE Aid to Education Fund, classes. Additionally, the Best Practices in Online information, suggestions and Education lessons from the experts will allow me to improve as an educator.”

“I would wholeheartedly recommend these scholarships because they give you the opportunity to take top-level courses in a world-leading business school. You only have to step outside your comfort zone, commit to continuing your education and training, and take advantage of an experience that is truly unique at a — Ignacio Prieto Pariente, personal, academic and professional España, Becas Tresmares level. ” 26 4.6 SPOTLIGHT ON THE IE RESILIENCE SCHOLARSHIP FUND (COVID-19) ANNUAL REPORT 2020

The events of the last 12 months prompted the creation of the IE Resilience Scholarship Fund (COVID-19). The program, which is funded by both the IE Foundation and IE University, is focused on supporting academic pursuits of outstanding current and future students who have been impacted by the global pandemic.

The fund is aimed specifically at students and future The IE fund applicants from vulnerable sectors of society in areas created as a result of of the world most affected by the global health crisis. “the COVID-19 pandemic is certainly The aim is to increase the scope of the fund, and to an invaluable proof of the great administer contributions offered by both individual intentions that IE has towards build- and institutional members of the IE community. ing a more peaceful and sustainable The creation of this fund is a reflection of IE’s commit- world. I am very confident that this ment to promoting excellence in education for scholarship will pave the way for a outstanding candidates from around the world, even great future for me.” during the most testing of times.

— Obada Almasri, Syria, Bachelor in Philosophy, Politics, Law & Economics

IE Resilience Scholarship Fund Thank you! (COVID-19) Talent Taking Care of Talent

+2M€ +580 64% enrolled students Students and awarded in special Scholarships +36% for new scholarships Candidates from scholarships awarded (academic course 98 nationalities in 2020 2020–2021)

27 4.7 IE WOMEN INITIATIVE ANNUAL REPORT 2020

The IE Women Initiative works to support and promote women in business, technology, and entrepreneurship. IE faculty, researchers, student clubs, alumni and staff design the tools and programs that will most effectively attract, retain, and bolster talented women in their pursuit of professional advancement and success. Thanks to the IE community and its donors, IE Foundation backs this initiative, directing a significant portion of its budget exclusively to supporting women on their unique path to success.

Women in Business Club International Women’s Week

The IE Women in Business Club is a network that’s To celebrate International Women’s Day 2020, a week open to both IE students and alumni. Their goal is to of events addressing gender equality were held across provide resources and networking opportunities for our Madrid and Segovia campuses. The sessions anyone with an interest in promoting gender equality included topic-oriented lunches, book signings, the in business. With undergraduate and postgraduate Women in Business Club’s Annual Conference: Leading chapters at the Segovia and Madrid campuses, they Forward, a visit to a museum, and mentoring sessions hold a number of dinners and events to address gender for undergraduate students. In contrast to previous issues in professional settings. years, there was an immense amount of student participation with interesting discussions on some of the most important issues affecting women in business Scholarships for Women and the workplace.

As part of its mission to further diversity at the univer- sity, IE Foundation makes available more than 10 scholarships for high-potential women to unlock their talents. These include the SheTrades Scholarship, Women Leadership Award, and Women in STEM Scholarship, among others.

With support from donors and the IE Community at large, these scholarships ensure that ambitious, high-achieving women aren’t held back from reaching their goals due to financial restrictions. In total, this fund represents an investment of almost nine million euros, a resource that helps future female leaders gain the skills for a lifetime of success. Women in Business Clubs Annual Conference 2020—Leading Forward 28 IE WOMEN INITIATIVE: EVENTS & CONFERENCES

Training qualitative analysis of more than 50 hours of interviews with relevant philanthropists in the In collaboration with the IE Women in Business Club, country, experts and foundation managers, in an effort the Diversity Center supports IE’s female alum club, IE to better understand the reality of philanthropy. Women in Business, in a mentoring program that aims to provide young IE students, currently enrolled in Laura Núñez-Letamendia & Athena Tsouderou master’s programs, with the opportunity to receive Two members of our teaching staff put together a mentoring support to help them in their professional fascinating report on the resilience and vulnerability careers. of Spanish households in the face of COVID-19, includ- ing comparisons with other countries. The publication There are also a number of mentoring programs for was promoted by Fundación Mutualidad Abogacía and female students to help women in mid-level positions IE Foundation. gain access to top leadership roles, in addition to the Women Strategy Lab, a project which aims to empower Patricia Gabaldón & Laura Zimmerman female talent in strategic consulting. The study, The Botín Center: Developing Social Creativity Through the Arts (El Centro Botín: Desarrollo de la creatividad social a través de las artes) was officially Publications presented on February 10, 2021. It is a first step in continuing to In 2020, female members of the IE Community were promote the transfer of knowledge featured in a number of publications. through initiatives related to the benefits of the arts, and forms part Cristina Cruz & Rachida Justo, of an ambitious research and IE Center for Families in Business publishing program that began Rachida Justo and Cristina Cruz, both professors at in 2013 alongside Yale University. IE Business School, conducted a study entitled Profiles of Personal Philanthropy in Spain (Perfiles de Filantropía Personal en España). This was based on a 29 IE WOMEN INITIATIVE ANNUAL REPORT 2020

IE Women in numbers

Empowered women transform the future. The IE Women Initiative was created to support and uplift the talented women within the IE community, while fuelling their personal and professional journeys.

Near 9M€ of total budget for scholarships for incoming female students.

+10 60 % of Ph.D. specific scholarships scholarships were awarded for women. to women in 2020.

53 % of total 60 % of research scholarship recipients publications supported in the last 5 years by IE Foundation in 2020 were women. were authored by women. 30 4.8 IE FOR LIFE ANNUAL REPORT 2020

In December 2019, IE Foundation, Alumni Essentials IE Alumni, Talent & Careers and Exponential Learning joined forces This provides complementary benefits that alumni have access to for life. With this support, our alumni to launch IE’s most comprehensive community can remain in contact and find career Alumni Benefits platform to date. opportunities, while also enjoying perks and discounts on goods and services. The aim of this initiative is to support our 66,000-strong alumni at every Alumni Plus stage in their careers. IE Foundation supports the ongoing talent develop- ment of recent graduates through the Alumni Plus IE for Life offers a wide array of Program. This tier provides our alumni with a full suite benefits designed to give back to our of premium benefits to help them realize their full alumni community with exclusive career potential with additional coaching and learning ongoing education, career and opportunities. In addition, Alumni Plus members are able to further upgrade their benefits with access to networking resources in two tiers. the Career and Lifelong Learning Boosters. These involve access to the Korn Ferry Advice platform, a ie.edu/es/alumni/ie-for-life talent network of Executive MBA members and access to an Executive Education or HIOP program, among other benefits.

31 4.9 SUPPORTING TALENT AND HUMANITIES ANNUAL REPORT 2020

IE Foundation was founded to empower talent across the full spectrum of academic disciplines by offering economic assistance to promising students. Through donations to the foundation from the IE community and our corporate partners, support is available at all five IE University schools, and in our Executive Education programs.

The foundation’s guiding principle is to make a positive impact on society through the promotion of the core IE University values: entrepreneurship, diversity, humanities, technology and innovation.

The 2020 award winners were:

Poetry in Spanish Short story in Spanish Short essay in Spanish

1st prize: “Itaca inesperada” 1st prize: “El reloj de la vida” 1st prize: “Últimos días azules de by Alejandro Barrero Bilbao, by Antonio Ruíz González-Mateo, Antonio Machado” Spain, Master in Business Spain, Master in Legal by Antonio Ruíz González-Mateo, Analytics and Big Data Consultancy Spain, Master in Legal Consultancy

2nd prize: “Entre el viento” 2nd prize : “El laberinto” 2nd prize: “Lean, Agile… Sobre by Macarena Tannus Rubinos, by Laura Hermosa Matamoros, la naturaleza de la actual Uruguay, Bachelor in Business Costa Rica, Master in ‘Revolución’ en organización Administration and Bachelor in Management empresarial” International Relations by Emilio Muñoz Díez, Spain, 3rd prize: “Cuando los cuadros Master in Commercial Management 3rd prize: “Atardecer sonoro…” perdonan” and Marketing by Emilio Muñoz Díez, Spain, by Agustín Pellecchia, Master in Financial Management Argentina-Italy, 3rd prize : “Tiempos de and Control International MBA emprendimiento” by Francisco Javier Carro González, Spain, Global Senior Management Program

32 SUPPORTING TALENT AND HUMANITIES

Like a forgotten memory, Patrice Juah, An Afro-Madrileña Love Note the days fade away, st “ 1 Prize in Poetry in English

Bursting free your spirit, ANNUAL REPORT 2020 Rising like the Phoenix that you are, Cementing resilience with each balcony cheer Courage intact, Fear unmasked Just like you were when we first met.

The 2020 award winners were:

Poetry in English Short story in English Short essay in English

1st prize: “An Afro-Madrilena 1st prize: “The Drive” 1st prize: “Dancehall Beats & Love Note” by Kamil Maharaj, South Africa, Batty Boys: How Dancehall is by Patrice Juah, Liberia, International MBA Providing a Platform for Violent Master in International Relations Homophobia in Jamaica” 2nd prize: “The Short, by Sasha Hill, Barbados-UK, 2nd prize: “Invisible” Meaningful Life of Francis Hall” Bachelor of Laws and Bachelor in by Malak El Halabi, Lebanon, by Salena Lee, Germany, International Relations Master in Market Research and Master in Advanced Finance Consumer Behavior 2nd prize: “The Fall of the House 3rd prize: “Batty” of Normalcy: A Literary Approach 3rd prize: “Quarantine Sonnets: by Laura Sturley, UK, to the New Meaning of Home and Gratitude Edition. Quarantine Bachelor in Business the Liminal Streets” Sonnets: Madness Edition” Administration and Bachelor by Laura Álvarez Trigo, Spain, by Jessica Yang, USA, of Laws Bachelor in Communication International MBA 3rd prize: “The Function and Special mention: “Lemons” Necessity of the Ascetic Ideal in by Laufey Sverrisdóttir, Nietzche’s “On the Genealogy of Iceland, Bachelor in Business Morals” Administration by Nicolas Krisnik Vázquez, Spain, Bachelor in Psychology

33 SUPPORTING TALENT AND HUMANITIES

Congratulations to all the winners for some outstanding work which perfectly ANNUAL REPORT 2020 encapsulates the foundation’s values.

Photography Video 1st prize: “Big Family” “Big Family” by Jacobo by Jacobo Vicente de Gregorio, 1st prize: “The Everlasting Spring” Vicente de Gregorio Spain, Bachelor in Information by Héloise Allemandou, France, Systems Bachelor in Communication

2nd prize: “The Endless Summer” 2nd prize: “Peny–A Love Story” by Federico Cravero, Italy, by Christian Bolorinos, USA/Spain, Master in Corporate and Master in Customer Experience and Marketing Communication Innovation

3rd prize: “The Weight of 3rd prize: “Break Free” Culture” by Annika Lisia Lange, Germany, by Noémie Benaroch, France, Master in Corporate and Marketing Master in Management Communication

Photo Series, 1st prize: Special Mention: “Boxeo cubano” “The Meaning of Laughing” by Richard Eduardo Gándara by Eugenia Goffre, Spain/France/ Guatemala, Master in USA, Master in Visual and Management Digital Media

“The Endless Summer” by Federico Cravero

“The Weight of Culture” by Noémie Benaroch 34 SUPPORTING TALENT AND HUMANITIES

When we see, not only with our eyes, Gonzalo Garland, Executive Vice President “but when we see with our eyes, of IE Foundation ANNUAL REPORT 2020 with our minds and with our heart, that’s when we start really truly seeing.”

The 2020 award winners were:

Short story in Spanish Poetry in English 1st prize: “Quédate” 1st prize: “Confinement” Staff by Luis Vivanco, Spain, by María Eugenia Marín, Spain, Adjunct Professor at IE International Relations-General Director Photography

st Short story in English 1 prize: “Border line” Short essay in Spanish by Juan Alcalde, Spain, 1st prize: “My friend María” Advanced Seminars at IE University by Stephanie Reina, UK , 1st prize: “El cuidado del nd Adjunct Faculty at IE lenguaje” 2 prize : “Silence” by Alejandro Pedroche Sánchez, by Juan Alcalde, Spain, Spain, Marketing Manager IEU Advanced Seminars at IE University Poetry in Spanish

1st prize: “Antojo onírico” by Sergio Rodríguez Jiménez, Spain, Support Staff at IE University

35 5 COLLABORATIVE KNOWLEDGE GENERATION Fostering ANNUAL REPORT 2020 Cross-Disciplinary Research

2020 and the COVID-19 pandemic brought about unprecedented challenges and highlighted our inter- connectedness as a world. In the face of such a crisis, partnerships take on new importance. It is by building 11 solid, productive relationships that we are able to Centers of Excellence surmount the toughest obstacles.

At IE Foundation, we understand that cross-disciplinary research and collaborative knowledge generation are essential to overcome difficulties, 7 grow, and advance as a society. Chairs and observatories

While initiatives in 2020 were impacted by the pandemic, our social engagement programs continued to press on with their pioneering research and projects while new partnerships entailed exciting collaborations with other dynamic and future-forward institutions.

Our multiple centers, chairs and observatories continued 30 Research initiatives to expand IE Foundation’s global influence, publishing reports and data and providing important insights into the future of business, society, and technology. By pooling resources and knowledge from a diverse range of organizations, experts, and thinkers, we are continuing to explore and advance solutions for a better society. 37 5.1 SPOTLIGHT ON: 2020 COLLABORATIVE ANNUAL REPORT 2020 INITIATIVES

Profiles of Personal Philanthropy in Spain

CaixaBank Banca Privada Coca-Cola Europacific Partners

On September 29, 2020, the IE Center For Families In 2020, the report Promoting the entrepreneurial spirit In Business published the report Profiles of of talent was developed, the second installment of Personal Philanthropy in Spain. The center’s a collaboration agreement between IE University, mission is to contribute to the development and IE Foundation and Coca-Cola Europacific Partners. impact of family businesses, helping these The collaboration aims to contribute to society and its companies and their stake-holders to build the development, and to the business world and academia, values and mindset that will help them tackle future with leading knowledge on today’s most relevant challenges. topics.

The report, conducted in collaboration with CaixaBank The study’s primary objective is to understand which Banca Privada, involved analyzing more than 50 hours policies of labor organization and human resources of interviews with notable Spanish philanthropists in management help create an environment that encour- order to better understand the nature of ages the entrepreneurial spirit of mid-level managers philanthropy. It emerged that, beyond generosity to flourish. It reveals which organizational and and altruism, the philanthropist acts as a leader of a management practices promote managers’ innovation greater project of social transformation. and intrapreneurship within mature companies.

The study surveyed 500 managers at companies with more than 200 employees in Spain across different sectors. It was published in April 2021.

38 Philanthropy-Caixabank Talks 2020 COLLABORATIVE INITIATIVES ANNUAL REPORT 2020

“Digital Transformation for Inclusive Business Development” program announcement. December 2020

The Household Savings Observatory J.P. Morgan

In May 2020, IE Foundation launched the Household At the beginning of the year, IE Foundation, J.P. Morgan, Savings Observatory in collaboration with the Fundación the City Council of Madrid, and Orange joined forces Mutualidad Abogacía. Through data collection on to promote digitalization for small businesses in Madrid family savings in both the medium- and long-term, in a bid to mitigate the impact of the COVID-19 crisis the Observatory hopes to achieve two objectives. on the economy.

Firstly, it aims to develop an awareness in Spanish Digital transformation is key to helping small businesses society of the importance of saving and financial survive the fall-out of the pandemic, ensuring they planning, the barriers that prevent certain households can reach as many customers as possible. The initiative from saving, and how to overcome these obstacles. focused on those neighborhoods most severely impacted by the crisis, giving 70 Madrid-based businesses the Secondly, it strives to provide knowledge and insights opportunity to build their digital strategy through that can help financial institutions and authorities training and personalized support. to promote a culture of saving, design policies and strategies to promote responsible saving, and develop This initiative contributes to IE Foundation’s general a more equal economic distribution of savings across mission to promote business leadership and an entre- society. preneurial mindset, driving innovation and change and contributing to local communities. The initiative also includes a scholarship for doctoral or post-doctoral research to further develop this important work.

Family Savings Observatory launchment. May 2020 39 2020 COLLABORATIVE INITIATIVES

CaixaBank Banca Privada

MAPFRE ANNUAL REPORT 2020

J.P. Morgan

THE HOUSEHOLD COCA-COLA SAVINGS OBSERVATORY EUROPACIFIC PARTNERS

3rd Edition of the Fundación MAPFRE The initiative, promoted by the IE Center for Social Awards for Social Innovation, Innovation & Sustainability, aims to support social promoted by IE Foundation innovation in communities across Latin America and Europe, focusing on those projects with the greatest Last year’s Fundación MAPFRE Awards for Social capacity for social transformation. The awards held Innovation—an initiative designed to support innova- special relevance in the context of the pandemic, a time tive solutions with the potential for large-scale social of constant uncertainty that demands innovative impact—took place virtually on October 10, 2020. solutions.

Following regional semifinals in Mexico City, São Paulo, and Madrid—and with the help of expert mentors and coaches—the nine finalists presented their projects in Madrid. The jury selected three winners, one for each category, and they each received €30,000 to promote their project.

fundacionmapfre.org/en/awards-aids/awards/ awards-fundacion-mapfre-innovation-social/ third-edition

The awards fall into three categories: e-health, insurance innovation, and mobility and road safety.

40 5.2 CENTERS ANNUAL REPORT 2020

Concepción Galdón – Head of IE Center for Social Innovation and Guitarras Ramírez – Digital Transformation for inclusive business Sustainability

Center for Social Innovation & Sustainability

Providing educational content, conducting pivotal The event concluded with the launch of the fourth research, and establishing meaningful partnerships edition of the awards. with other forward-thinking organizations, the Center for Social Innovation & Sustainability plays a key role Meanwhile, the Digital Transformation and Inclusive in IE Foundation’s mission to equip tomorrow’s leaders Business Development project, first launched in 2018, with an entrepreneurial spirit and a global vision. continued its work supporting small businesses in Madrid, many of which needed additional assistance 2020 saw the center help with the organization and following the COVID-19 crisis. With support from promotion of the third edition of the Fundación J.P. Morgan, Madrid City Council, and Orange, 70 small MAPFRE Awards for Social Innovation. €30,000 was businesses in those neighborhoods hit hardest by the awarded to three finalists to help them develop their pandemic were given the opportunity to develop their projects in the categories of e-health, insurance digital strategy, including learning how to implement innovation, and mobility and road online stores and optimize their online presence. safety. The projects were chosen from more than 200 initiatives submitted by The center is also involved in research being under- participants across Latin America and taken for case studies on purpose-driven companies Europe. as part of a collaboration with Secretaría General Iberoamericana (SEGIB) and IE Law School. This ambitious international initiative seeks to create a new regulatory ecosystem for companies and businesses to balance financial success with social and environmental impact. The project is intended to assist Ibero-American governments in their efforts to contribute to the UN’s Sustainable Development Goals. socialinnovation.ie.edu

41 CENTERS ANNUAL REPORT 2020

Open Conference: Decoding C-Centricity—February 2020

Center for C-Centricity

IE’s Center for C-Centricity was launched at the Consumer Centricity, the center’s Executive Education beginning of the 2018-19 academic year. Its goal is program. to promote customer, consumer, and citizen centricity, balancing satisfying human experiences with sustainable The Center is also investigating and generating insights business growth. into the concept of C-Centricity by means of an evaluation tool called the ‘C-Centricity Monitor’. This In its bid to highlight the importance of C-Centricity, tool is an annual study and public report based on a the center published a report titled Decoding Customer quantitative survey of a wide range of companies. Centricity, demonstrating how organizations need to completely rethink the way they operate—from work Carlos Mas, Chairman of IE Center for C-Centricity, culture to metrics of success—if they are to fully also acted as a moderator in a roundtable at the third embrace customer centricity. The report’s findings Senior Economy Forum, a pioneering think tank about were presented at an in-person event organized in the role of senior citizens in the economy. collaboration with PwC in March 2020. The Center is fueled by a rich a diverse group of The center continued to hold discussion forums and corporate partners that contribute with their vision and think tanks throughout 2020 with contributing speakers expertise helping to advance C-Centricity knowledge. such as Zia Zaman, innovator, author, and CEO of Beaver Lake Capital, and Scott Anthony, senior partner at Innosight.

The center’s corporate partners also got involved with several educational projects at IE. Repsol, one of the center’s members, was selected by the International MBA as their partner for the Business Impact Lab. On the other hand, 24 professionals from the center’s member companies participated in Decoding Customer & center-for-c-centricity.ie.edu 42 CENTERS ANNUAL REPORT 2020

Cristina Cruz – Academic Director of the IE Center for Families in Business

IE Center for Families in Business

As part of the center’s mission to help and support Finally, the center developed research projects along- entrepreneurial families, a number of initiatives took side EY, Banca March and Fundación Botín on topics place over 2020 to develop knowledge on how family spanning innovation, entrepreneurship, sustainability businesses are operating in the current climate. Many and the creative economy. of these activities had the support of leading companies including: Banca March, CaixaBank Banca Privada, Another of the center’s initiatives was the Global Coca-Cola Europacific Partners, EY, Fundación Botín Family Business Management Program, which was and Luiss Business School. organized in collaboration with IE Business School, Luiss Business School in Rome, and IESEG School of For instance, there was a virtual meeting on innovation Management in Lille. The program helped 18 interna- in family business organized by the Catalan Family tional students to better understand and identify Business Association (ASCEF) and with the support of opportunities for sustainable growth while maintaining EY Global. The event included a presentation by cohesion within family businesses. Cristina Cruz, Academic Director of the IE Center for Families in Business, on how the challenges of inno- Finally, the IE Center for Families in Business also vation are different for family businesses compared to accompanied international families through their non-family businesses. challenges by applying the Family Journey format. Involving various counseling and support activities, Cristina Cruz also became a Fellow in the Family Firm this advisory service was tailored to each unique Institute (FFI) in 2020. family business. familiesinbusiness.ie.edu The center also worked on several research projects in 2020. For instance, it published a report in collabora- tion with CaixaBank Banca Privada that explores the nature of personal philanthropy in Spain. It also carried out a project alongside Coca-Cola Europacific Partners on how to best promote the entrepreneurial spirit in professionals, which was published in April 2021. 43 CENTERS ANNUAL REPORT 2020

InnoDiversidad 2020 Wow Room

Celia de Anca—Director of IE Center for Diversity in Global Management

Center for Diversity in Global Management

IE Foundation’s Center for Diversity in Global The center’s research activity also includes the Management was created to promote diversity in Observatory of Demography and Generational Diversity, gender, culture, age and abilities, and to re-envision which is an initiative to research the fundamental diversity as a competitive advantage in the corporate demographic questions of our society. Its latest research world, offering training, conducting research, and was coordinated by the center and the IE Center for participating in the international conversation about Social Innovation and Sustainability, and sponsored diversity. The center also develops research on gender by Mapfre, Correos and the Santander Foundation. through the GAPI, a digital tool created to identify unconscious gender bias. The 2020-2021 edition of the IE Women Mentoring Program began in December 2020 in collaboration with The center seeks to spread awareness about diversity the IE Women in Business Club, the American Chamber through initiatives such as the Árbol de la InnoDiversidad of Commerce in Spain (AMCHAM) and the CFA Society index, a three-year project sponsored by Pfizer and HP. Spain—Women in Finance Committee. The program is This index for measuring innovation and diversity a unique opportunity for IE high-potential women within companies allows businesses to better manage students to extend their learning with the support of diversity. expert mentors outside the classroom and beyond.

In addition, there is the Gestión de la Diversidad en centerfordiversity.ie.edu Telefónica (Diversity Management at Telefónica), a year-long applied research program that seeks to understand how corporate diversity management can improve resilience, innovation, and efficacy within teams. 44 CENTERS Islamic Finance Executive Program ANNUAL REPORT 2020

UTES Event March 2020

Center for Transport Economics & Infrastructure Management MITMA Workshop—November 2020

With support from IE Foundation, as well as high-level Two virtual events also took place focusing on the companies in the global transport and infrastructure future of train travel. In April, there was the Rail Live! industries, this center continued its work examining webinar series, which focused on how technology can those issues affecting transportation and infrastruc- build a sustainable and intelligent mobility ecosystem. ture, carrying out activities, holding seminars, and And in October, there was Virtual Africa Rail, which conducting reports to expand awareness about this focused on Africa’s train and transport industry. important sector. November saw yet other virtual workshops in collaboration In March 2020, the center held an in-person conference with Deloitte and MITMA (Ministry of Transport, Mobility, to assess the advantages and challenges posed by UTEs, and Urban Agenda). This last collaboration brought an or temporary business alliances. event centered on the draft law concerning sustainable mobility and transportation financing, with a speech by From July to October and in various cities across Spain, María José Rallo del Olmo, General Secretary for a series of events were organized to celebrate the Transportation and Mobility. 169 th edition of Revista Economistas, the quarterly magazine published by Madrid’s Colegio de Economistas. cteim.ie.edu The events welcomed guests as esteemed as city mayors, leading economists and experts in transportation and infrastructure, all gathered to discuss the topic of the edition’s focus: the future of mobility in cities.

45 CENTERS ANNUAL REPORT 2020

Islamic Finance Executive Program 2019

Saudi-Spanish Center for Islamic Economics and Finance (SCIEF)

The Saudi-Spanish Center for Islamic Economics and During 2020, SCIEF also organized a series of webinars Finance (SCIEF) is recognized worldwide as a hub for focusing on post-pandemic finance. The #SCIEFtalks the study and promotion of Islamic finance, which is series was held online with expert speakers discussing based on an alternative and ethical financial system. subjects related to Islamic finance.

Throughout 2020, SCIEF worked on the fifth edition of The SCIEF General Coordinator Gonzalo Rodríguez also the SCIEF book series, entitled Islamic Fintech. This presented the State of the Global Islamic Economy book contributes to the discussion by focusing on (SGIE) Report at a launch event in November for Spanish- a specific dimension of this phenomenon not yet speaking countries. The SGIE, produced annually, has sufficiently covered: the influence of new technologies become the global reference for executives, investors, on Islamic finance. The edition was published in and economic development experts in the Islamic/Halal January 2021. industry.

SCIEF also developed the Islamic Finance Changemakers www.scief.es Challenge, a new competition in partnership with the Islamic Development Bank, with more than $30,000 USD in prizes. The competition aims to build a global movement where anyone, anywhere, can take action to solve a social problem in their community. SCIEF works to build this movement by supporting social entrepre- neurs, innovators, business leaders and policy makers by delivering groundbreaking analysis, accelerating entrepreneurship and creating strong partnerships that will drive the movement forward.

46 CENTERS ANNUAL REPORT 2020

Africa Solutions, Global Challenges, Lagos 2019

Africa Center

The primary goal of all initiatives at the Africa Center Throughout the year, the center organized a series of is to transform the way global executives consider webinars entitled Building Resilience in Difficult Times. African innovation. One of the webinars included special guest Patrice Juah, author, editor and IE Kistefos Scholar. By promoting a more Africa-centric view of business and society and by The center also collaborated with the IE Africa Club on the IE Virtual Africa Business Conference which took partnering with African innovators place in May 2020. and pioneering institutions—includ- ing those across the diaspora—the The Social Innovators Retreat was designed to foster center brings an African perspective unique knowledge generation for Africa’s leading to global conversations on social innovators who wish to scale up their projects through new tools, ideas and partners. Due to the COVID-19 innovation. pandemic, the exclusive event was put on pause, but the hope is for it to return in 2021. In 2020, the center held the fourth edition of its flagship event, African Solutions, Global Challenges, The IE Africa Center continued the Africa Lab, a virtual in partnership with London’s SOAS University, the residency program focused on identifying those African African Foundation for Development, and the MIT entrepreneurs whose business idea has particular Legatum Center for Development and Entrepreneurship. potential, supporting their development through story- The series of short TED-style talks focused on the role telling, market research, data analytics, and by helping of the African diaspora in shaping the continent’s them to find opportunities in the European market. present and future. www.ie.edu/africa 47 CENTERS ANNUAL REPORT 2020

China Center

By promoting Chinese business models and practices, the IE China Center seeks to spread understanding of the market potential represented by China, develop an international network of Chinese companies, and attract more Chinese talent and faculty members to Spain.

The center’s achievements this year include the report, Understanding Chinese Family Businesses: The Path, The Trends, The Future, which tracks more than 300 family businesses in 20 different industry categories over a Together with Cheung-Kong Graduate School of period of five years. Business, the center presented this report in a webinar in November 2020. Carlos Mas, President of the IE Center for Families in Business, contributed with his article “Families in Business: A Bright Future in Europe and China,” in which he examines the similarities and differences between the two regions when it comes to family companies.

iechinacenter.ie.edu

48 5.3 OBSERVATORIES AND PROJECTS ANNUAL REPORT 2020

IE-Elecnor Observatory on Sustainable Compliance Cultures

This Observatory was created to promote a culture of sustainable compliance in medium-scale Spanish businesses by assisting them in their risk assessment, prevention and control measures. Through extensive research and studies, the Observatory aims to create awareness of the ethical principles and expectations Observatory of Demography and Generational that different interest groups have when it comes to Diversity social and environmental issues. The Center for Social Innovation & Sustainability On November 23rd, the Observatory launched its collaborated with the IE Center for Diversity on a third website—an essential step in spreading awareness research report carried out by the Observatory for about its activities, values and goals. This included the Generational Diversity, whose work seeks to expose publication of diverse articles and practical worksheets the socioeconomic implications of age diversity in the empowering­ companies and organizations to imple- workplace. ment and enforce higher standards of compliance. This third report is titled Intergeneracionalidad: The Observatory also worked on the development of a oportunidad de innovación para la empresa y la sociedad report on the culture of sustainable compliance in (Intergenerationality: Innovation Opportunities for Spanish SMEs throughout 2020, which will be published Business and Society) and will be presented in June 2021. in 2021. In 2020, the Observatory of Demography and ie.edu/ie-elecnor-observatory-on-sustain- Generational Diversity made an online presentation able-compliance-cultures/en/observatory of its second report. Titled Senior Workers in European Companies, the report is focused on how age, as a diversity variable, affects company culture and environment. Analysis of those companies in the report highlights exactly what diversity means for the future of work.

Among other insights, the report highlights an increase of 11.5 million senior workers from 2008 to 2017 in the nine European countries analyzed. The report looks at demographic variables, labor laws regarding senior workers and good business practices in countries in northern, central and southern Europe. 49 OBSERVATORIES AND PROJECTS ANNUAL REPORT 2020

Interview with Laura Núñez-Letamendia

Household Savings Observatory

Established in May 2020 as a collaboration between The Observatory has also held a number of virtual IE Foundation and Fundación Mutualidad outreach days, including A Shared Challenge: Financial Abogacía, the Household Savings Observatory seeks Education. Additionally, Fundación Mutualidad to promote a culture of saving among Spanish families Abogacía has launched a free consultation channel on and provide the necessary knowledge to allow finan- its website to help people with savings, investments, cial institutions and authorities to design policies and and household finances. strategies to encourage responsible saving.

In 2020, the Observatory launched a report on the resilience and vulnerability of families across six European countries (Spain, Germany, France, Italy, Portugal and Belgium) during the COVID-19 pandemic. The initiative aimed to form a profound understanding of families’ economic behavior in order to encourage debate on the best measures to take to promote a culture of financial health in the regions analyzed.

The study enjoyed widespread national coverage after its release—it was written about in El País, and the Observatory’s director, Laura Núñez, was invited to discuss it on the Spanish television program Madrid Directo.

ie.edu/household-savings-observatory 50 5.4 SELECTED PUBLICATIONS ANNUAL REPORT 2020

IE Foundation is proud to support research across a number of key academic areas. Here we highlight a few of the outstanding publications with which the Foundation has recently been involved.

Understanding Family Businesses in China: the Path, the Trend, and the Future

Decoding Customer La Innodiversidad en el Understanding Chinese Centricity Tejido Empresarial Español Family Businesses: 2019 (2020) The Path, The Trends, “Innodiversity in the Fabric of Spanish The Future (2020) This report was undertaken in an Businesses 2019 (2020)” attempt to better define customer centricity. Although it’s commonly COVID-19 has created a climate of Family businesses play an important considered to be any effort to “put immense uncertainty. Across the role in global economics. Just like customers first”, in fact, companies world, companies, institutions, and other countries, China is home to a have divergent views on what that governments have developed crisis large number of these private family customer centricity entails. In this management teams to deal with enterprises, which contribute towards report, IE Center for C-Centricity the stress, challenges, and urgent both technological innovation and delves into what customer centricity decision-making that has resulted job creation. really is. from the pandemic. Research shows that diversity stimulates critical think- This report examines the role that The authors examine ambiguity ing, making it a powerful tool when family businesses have played in around terms such as customer and facing a crisis. This report explores how China’s economic success and consumer, explore what customer diversity and innovation go hand in predicts developmental patterns for centricity is not, and create a clear hand and shows how a metric like the the future as well as addressing how and applicable definition of customer Innodiversity Index can help compa- the COVID-19 pandemic might affect centricity for companies to apply in nies to track their commitment to these these businesses. the workplace. two vital elements of any business.

Read the Report Read the Report Read the Report 51 5.5 CHAIRS ANNUAL REPORT 2020

José María Cervelló Awards for Business Law 2020

José María Cervelló Chair

The José María Cervelló Chair provides financial aid In November, the Chair chose the winner of the XIV for students pursuing law and finance degrees at IE Cervelló Award on the theme of “Freedom of Expression Law School. The recipients of the scholarships are and Its Limits in an Interconnected World.” Juan Albero chosen based on academic potential and economic Valdés won with “Freedom of Expression in the Face need. Financial support for this initiative is sponsored of Algorithmic Society: A Look at the Problem of Online by the law firm ONTIER. Content Moderation.”

The Chair’s work also includes research, knowledge catedracervello.ie.edu promotion, and professional ethics. It organizes conferences, seminars, and debates to spread aware- ness about its initiatives, and publishes in both international and national journals. Working together with IE Law School students, it also conducts research, such as the Independent Study Cervelló.

52 5.6 SUPPORTING ACADEMIC RESEARCH ANNUAL REPORT 2020

At IE University, educators are not there simply to instruct and impart information. As experts in their field and innovative thinkers, they are constantly questioning convention and considering alternative pathways.

Seed Funds

IE Foundation’s seed funds are an opportunity for In its Research Forums, which are held on campus, IE faculty members to conduct research to further elevate Foundation brings together the most innovative their teaching. These seed funds provide them with researchers from around the world, allowing the IE resources to investigate and develop new methods and community to hear the world’s most high-level leaders practices. Such projects are a compelling addition to and future-focused thinkers present their findings. the standard curriculum. By promoting an interdisciplinary exchange of The initiative is also designed to allow professors to ideas, concepts, research, and data, we are rejecting attend conferences both at home and abroad, so they the notion of business as one that is inherently can present their ideas, research, and solutions in competitive, instead fostering an environment of person. Knowing they have the support of IE Foundation, collaboration. faculty members are more motivated to undertake research and share this excitement and enthusiasm In 2020, IE Foundation’s Seed Funds initiative allowed with students. 95 instructors from different IE schools to start research, helping them to acquire the necessary equipment, carry out surveys, experiments, and data analysis, and True innovation requires participate in virtual conferences. networking, collaboration, and relationship-building.

53 5.7 THE IE LIBRARY ANNUAL REPORT 2020 The IE Library plays an essential role in knowledge creation and promotion, providing services and resources for the entire academic community as well as the wider public. By embracing new technological tools, the library could continue to offer an exceptional service throughout the pandemic.

239,169 e-Book chapters downloaded

460,887 100% visits to the website paperless Throughout 2020, the library improved its virtual and digital profile with new website functionalities, such as accessibility settings to make the website more 97 % 1,285,725 inclusive and personal (allowing users to choose the of e-Journals and times users accessed colors, fonts, and content), as well as an Events and e-Magazines available e-Books and e-Journals through the Virtual Trends section to highlight relevant news. Library

To that end, the library also played an important role in IE’s shift to Liquid Learning, the state-of-the-art teaching methodology that blends online and face-to- face education for one seamless experience. In a context in which students need both high-quality online resources and physical resources, the IE Library was a 3,118 billion 8,002,393 crucial source of support. holdings accessible 24/7 open access records on via WorldCat Discovery WorldCat Discovery

All initiatives led by IE Library are created with sustainability in mind, and the library is actively contributing to and participating in the IFLA Programs on Advocacy and Global Vision within the framework of the UN’s Sustainable Development Goals. 33 100+ international different languages, memberships to real-time translation, Another initiative, Purple Corner, was named among cooperate, share and podcasts, videos, the ‘Best Practices from World Libraries’ list by the establish strategies infographics, games, American Library Association in 2020. Purple Corner simulators, avatars, etc. was designed to promote available resources and information related to preventing gender violence and promoting equality. Any IE Community member can recommend relevant books or articles through the initiative. 3 initiatives 22,187 for achieving SDGs queries answered library.ie.edu 4, 5 and 12 by 2030 by experts 54 6 IMPACT INITIATIVES EDUCATIONAL &OUTREACH Committed to ANNUAL REPORT 2020 positive impact in the community

In addition to providing financial support to students Meanwhile, a number of events still went ahead, mostly and funds for research, as well as encouraging the virtually, to continue to generate dialogues on the most generation of cross-cultural and cross-disciplinary urgent and critical issues of our day. knowledge, IE Foundation is committed to engaging with both the local and global community. IE Foundation also continued to establish and develop relationships between the IE Community and a local Thanks to the generous support of donors and partners, and global network of business leaders, change-makers, IE Foundation is able to undertake initiatives and lead and innovative thinkers. projects with the aim of delivering significant social impact and promoting positive social change. Commitment to social change requires enduring enthusiasm and a steadfast belief in the possibility of Despite 2020’s unique challenges, IE Foundation has a better tomorrow. None of this would have been possible demonstrated its ability to adapt in times of uncer- without the dedicated and inspirational people that tainty. Many of its most important initiatives were still make up the IE Community, both on campus and beyond. able to go ahead thanks to the capacity of those involved to innovate and make the necessary changes. Together we are able to uphold IE University’s core values of diversity, innovation, entrepreneurship, Many of these initiatives were focused on supporting humanities, and inclusivity, supporting change on a those who found themselves facing unprecedented local and global level and earning ourselves a position obstacles as a result of the pandemic, while an emphasis as a key force in the movement for progress. on diversity and inclusivity remained a priority.

Gender equality Humanities Future of education LGBT rights

Cultural diversity Entrepreneurship Finance and Campus life and innovation microfinance 56 6.1 SOCIAL IMPACT INITIATIVES ON CAMPUS ANNUAL REPORT 2020

IE Foundation organizes and supports various events in line with our vision and values. These efforts are not limited to the business community; social and educational areas are equally important to our work. These are a few innovative and meaningful initiatives we were involved with in 2020.

Campus Life TEDxIEMadrid 2020 [Rec]volution

Campus Life is primarily focused on inclusivity and On June 19th, IE University celebrated the sixth edition creativity. The student-led activities within this of TEDxIEMadrid—and the first-ever virtual version dynamic IE University department are intended to of the event. Jointly organized by undergraduate and promote self-expression and insightful conversations graduate students, along with alumni, staff and faculty around relevant issues, with an emphasis on a broad members, the event took place online and the theme range of perspectives and opinions, and encouraging was What are the odds? social awareness outside of an academic setting. National and international speakers explored the This extracurricular department is pivotal in helping stories of inspiring individuals who defied the odds to students work with and support their community, as overcome challenges and setbacks to achieve both well as in allowing them to develop their capacity for success and happiness. The event served as an invitation open and non-judgmental communication and for the community to reflect on how they, too, might exchange. expand their own notions of what’s possible and surmount the difficulties and obstacles on their paths. ie.edu/university/campus-life

57 SOCIAL IMPACT INITIATIVES ON CAMPUS ANNUAL REPORT 2020

Net Impact Club

The IE Net Impact Club is part of the wider international was included in the overarching theme The Big Reset, Net Impact organization, encouraging businesses to addressing the three pillars of the Sustainable prioritize environmental and social impact. Development Goals: Economic, Social, and Environ- mental Inclusion. In November 2020, the club held the sixth edition of its Social Responsibility Forum (SRF), an event where Additionally, the club participated in the IE Virtual 6K, leaders, innovators, social impact experts, and IE a race that took place via the Strava app. The event was University’s brightest students come together to take organized to raise money for those communities where part in discussions on the subject of responsible women and children are forced to walk six kilometers business. a day to fetch water and was held in partnership with Thirst Project, a non-profit organization providing The theme of this year’s event was Reimagine Economic water solutions to developing countries. Inclusion, and conversations focused on what steps need to be taken to ensure that, in the race for business Finally, the Islamic Finance Changemakers Challenge growth, no one is left behind. This event was part was organized to support social entrepreneurs, inno- of the Sustainability Week, which is organized by vators and business leaders seeking to implement social IE Campus Life and the Sustainability Office, and change via Islamic financial solutions. The winning entry received $15,000 and access to a 1-year IE University mentoring program.

58 SOCIAL IMPACT INITIATIVES ON CAMPUS ANNUAL REPORT 2020

4th Women in Leadership Conference Leading Forward 2020

Women in Leadership Conference Leading LGBT@Work Forward

In July 2020, IE Foundation sponsored the annual In March 2020, the IE Women in Business Club orga- LGBT@Work Conference, run by the IE Out and Allies nized the 4th Women in Leadership Conference on the Club, which promotes LGBT+ leadership in business. theme Leading Forward. With a range of speakers and panelists from across diverse industries, the focus of Speakers at the conference included Phyll Opoku-Gyimah, the half-day conference was on empowering attendees aka Lady Phyll, executive director and co-founder of to understand what successful leadership looks like. UK Black Pride, as well as Linda Aiello, executive vice president of employee success at Salesforce; Amanda Discussions centered on the important issues affecting McKay, quality director for the major projects business the modern workplace, and women in particular, within Balfour Beatty; and Suresh Raj, chief business including how men can be allies in gender equality development officer at Vision7 International, part of initiatives, cross-cultural perceptions of gender equal- BlueFocus International. ity, and alternative definitions of success.

The event is the third-largest business school LGBT+ Wide-ranging perspectives came from a host of speak- conference in the world and can also claim to be the ers from around the world, including Nathalie Picquot, longest-running in Europe, offering an inspirational CEO of Twitter Spain & Portugal and board member of platform for dialogue around diversity and inclusivity Inspiring Girls; as well as Teresa Martín-Retortillo, and fostering connection between the university and executive president at IE Exponential Learning. The major companies. conference was followed by an after-party, offering attendees the opportunity to network directly with speakers, corporate sponsors, and other guests.

Edward Carillo, Vice President of IE Out and Allies Club (2020) 59 SOCIAL IMPACT INITIATIVES ON CAMPUS ANNUAL REPORT 2020

Chinese New year 2020 IE Africa Business Forum 2020

Africa Day 2020 Chinese New Year 2020

In May 2020, the IE Africa Club held its 9th annual Africa While the pandemic prevented the IE Community’s Business Conference, focusing on the theme Rethink typical Chinese New Year celebrations from being held, Doing Business in Africa. Speakers explored how the IE China Club gathered to film a video in support businesses in Africa are undergoing a radical trans- of Wuhan, the first city affected by the pandemic. The formation and, specifically, how the Information and club continues to organize events and initiatives, Communications Technology and Industry sectors are including an online panel talk on the subject A new era changing. of healthcare in China: post-pandemic transformation.

Industry leaders and experts talked about important Together with the IE Pharma and Healthcare Club, the topics, including how businesses in Africa might look event focused on the major issues faced by the health- like post-COVID-19 and what opportunities in the ICT care industry, including digital health, artificial and Industry sectors seem to be the most promising for intelligence, wearable devices, and how COVID-19 is the next decade. encouraging technology-driven transformations. Speaker Annelie Qu, an attending ENT physician and a CBL certificate holder from Emlyon Business School, shared her studies and first-hand experiences of healthcare in China.

60 SOCIAL IMPACT INITIATIVES ON CAMPUS ANNUAL REPORT 2020

Prof. Gayle Allard, Wuha Sira Initiative

Global Village Wuha Sira Initiative

The 14th edition of the Global Village Day, organized This non-profit organization based in Ethiopia was by the IE Net Impact Club in collaboration with Campus launched by IE University professor Gayle Allard and Life and one of IE University’s most valued traditions, provides water access and educational opportunities offered a renewed commitment to and celebration of for young women. diversity—an essential value on a campus where over 130 nationalities are represented. IE Foundation has been supporting While COVID-19 prevented some of the usual activities the organization’s initiatives for over from happening, the organizers were able to adapt and half a decade with annual grants reinvent the experience virtually. New initiatives to fund a local startup that provides included the launch of the weekly Global Village Recipe Series, published in the Campus Life Newsletter, and clean and safe water to the city a Global Village Video, featuring songs and speeches of Dilla. from members of the IE Community and footage from previous Global Village celebrations. These initiatives not only help protect residents against Watch the video diseases, but also frees women and children from the task of collecting water, allowing them to attend school instead. Wuha Sira also funds scholarships for girls to attend private schools in Dilla as well as programs to feed the families most impacted by COVID-19.

Global Village 2020 61 6.2 SOUTH SUMMIT More than 130 billion ANNUAL REPORT 2020 dollars in funds management

+7700 entrepreneurs

South Summit

South Summit is an event created by Spain Startup and co-organized by IE University with the goal of estab- lishing the country as a hub for entrepreneurship, as well as showcasing the talent and creativity emerging from startups in southern Europe, the Mediterranean, and Latin America. 2100 investors IE Foundation’s central objective is to foster social entrepreneurship and innovation. Supporting the South Summit allows the foundation to assist innovators from 30,000 disadvantaged communities to enter into international attendees business and to expand this thriving network of of over entrepreneurs. 135 nationalities South Summit 2020—the most international South Summit event to date—took place in October and Rally Dakar winner; former NASA astronaut Cady focused on the challenges facing the entrepreneurial Coleman; Teach for All CEO Wendy Kopp; Iridium COO ecosystem post-pandemic. Over 30,000 people attended Suzi Mcbrie, and award-winning Spanish actor Antonio from 135+ nationalities, and more than 7,700 of them Banderas among others. were entrepreneurs. The virtual three-day inter- national event took place on a multi-channel digital This year’s summit continued to build and develop the platform and provided opportunities for attendees to relationship between Spain and countries that are connect and network with key players in international often left out of the global business conversation, business. maximizing the visibility of pioneering entrepreneurs from around the world and enhancing the outlook of Each day saw presentations from the most innovative the industry with an influx of new perspectives and startups in categories ranging from health and well- ideas. More than 2,100 investors attended, with an being and education to sustainability and fintech. estimated investment portfolio of $130B. There was also exclusive content from speakers such as Eric S. Yuan, founder and CEO of Zoom; Carlos www.ie.edu/entrepreneurship/programs- Sainz, two-time world rally champion and three-time initiatives/initiatives/south-summit 62 6.3 THE FUTURE OF HIGHER EDUCATION ANNUAL REPORT 2020

Reinventing Higher Education Conference

The Reinventing Higher Education Conference is held As addressed during the event, the pandemic offers annually to provide a platform for university admin- an opportunity to re-assert the importance of cross- istrators, policymakers, entrepreneurs, business border knowledge sharing while also reshaping the professionals, academics, student representatives and concept of academic mobility to ensure greater empha- media figures to discuss the state of higher education sis on inclusivity and sustainability. both today and in the future. Additionally, on November 17th, IE University hosted In 2020, Santiago Iñiguez, president of IE University, the event “Reinventing Higher Education: New Realities, kickstarted a joint statement highlighting the necessity New Visions for Higher Education,” an online conference for universities to preserve all forms of international that explored the recent challenges and the conse- academic mobility in the wake of the COVID-19 pandemic. quences of COVID-19 for higher education models. 25 university presidents from over 20 countries joined They stressed the need for universities to continue to and co-signed the statement “Mobility in higher serve as intellectual anchors both for students and education as a catalyst for resilience and renewal,” society as a whole, as well as examining what the coming together on June 29th for an online exchange pandemic might mean for international academic on this crucial topic for the sector. mobility in the future.

The international panel of speakers included Fadlo R. Other topics discussed included the opportunities Khuri, president of the American University of Beirut; presented by private-public initiatives and different Ignacio Sánchez Díaz, president of the Pontificia financial models, questions around sustainability and Universidad Católica de Chile; Lily Kong, president of how universities might serve as agents of change. Singapore Management University; Peter Mathieson, While confronting the very real challenges facing principal and vice-chancellor of the University of international education at this time, the event was Edinburgh; and Julio Frenk, president of the University nevertheless optimistic with speakers able to exchange of Miami. ideas and suggest new lines of action. 63 THE FUTURE OF HIGHER EDUCATION ANNUAL REPORT 2020

EnlightED 2020

EnlightED

The inaugural virtual edition of enlightED, the annual The third iteration of the conference world conference on education, technology, and inno- provided a space for over 90 intellec- vation, was held in October 2020. This five-day event, tuals, experts and policymakers at which was organized by Fundación Telefónica, IE both a national and international University, Fundación Santillana, and South Summit, level to openly analyze the ways attracted a total of 46,000 attendees from no less than 46 countries. in which the pandemic has trans- formed education on a global scale The opening address was delivered by Pedro Sánchez, and, ultimately, brought about Prime Minister of Spain, who reiterated government’s the implementation of innovative unwavering commitment to educational reform and educational practices in modernization in the coming years. He also contem- plated the important lessons learned as a result of the unprecedented timeframes. COVID-19 pandemic, in particular the pressing need to bolster the Spanish welfare state.

Leading industry figures such as Salman Khan, Rose Luckin, Andreas Schleicher, Hadi Partovi and Rebecca Winthrop reflected on the multiple educational challenges and opportunities brought about as a result of the global health crisis. They also addressed the importance of tackling the digital skills gap post- pandemic and building a future-ready workforce.

enlighted.education

64 6.4 FINANCIERS WITHOUT BORDERS ANNUAL REPORT 2020

Financiers without Borders, or Financieros sin Fronteras (FsF), is a non-profit organization within IE Foundation.

A collaborative initiative between educators and students enrolled in the Master in Finance program at IE University, it aims to improve financial inclusivity by supporting microfinance projects in Africa.

FsF has formed a relationship with certain micro- A reduction in repayments, interest payments and finance initiatives in Ghana, including collaborations ancillary income from account openings also led to a with four different microfinance institutions in the decrease in income. country during 2020. Teams of students and professors provided pro bono technical assistance to these micro- FsF has been exploring ways it can help and support finance institutions aiming to help them improve these projects during this time. With priorities for before attracting international financing to boost their the microfinance sector evolving rapidly, FsF had to reach and reduce the extreme poverty in the country. adapt plans accordingly. Online interviews with the micro-finance institutions were organized instead of Inevitably, COVID-19 caused major disruption in in-person visits to Ghana, and students were still able Ghana. Foreign investment flows slowed, exports and to provide the institutions with plans and recommen- imports declined, and, within the financial sector, there dations. They then presented their reports to a panel was a decreased demand for credit, a deterioration in of judges who evaluated their projects before obtaining the quality of loan portfolios due to poor commercial final grades for their master’s work. activity and cash flow challenges for microentrepreneurs.

65 6.5 PUENTES GLOBAL ANNUAL REPORT 2020 Puentes Global is an organization committed to making entrepreneurship more accessible. By providing training initiatives, assistance, and advice for budding entrepreneurs from disadvantaged backgrounds or facing difficult circumstances and supporting those organizations on a similar mission, Puentes Global strives to make business more inclusive.

While the pandemic presented numerous obstacles for Then there was the Skillsbuild project with IBM, a Puentes Global in carrying out the activities it had company that has been supporting Puentes Global for planned, the organization was still able to continue its a few years now, and who invited PG to participate in work in some cases, including the Capstone and Impact its training platform. The organization was tasked with projects. publishing educational content that could help users understand issues around employability, entrepreneur- Between January and June 2020, the director of Puentes ship and micro-business management. Global served as a mentor for various capstone projects. The organization also carried out six consulting projects During 2020, Puentes Global also collaborated as part of the Impact Project, together with the help with various public education centers, providing of around 20 students. students with support on issues of employability and entrepreneurship.

66 6.6 SPOTLIGHT ON: THE HUMANITIES ANNUAL REPORT 2020

Prizes in the Humanities

A celebration of the best written and audiovisual work created by students and staff that year, the Prizes in the Humanities are a recognition of excellence in short story and essay writing, poetry, video and photography, both in Spanish and English.

The awards encourage artistic expression, foster critical thinking and promote a creative and dynamic outlook among the IE Community. Humanities Week

The jury is made up of leading figures in the arts, as Due to the pandemic, the usual events and activities well as humanities professors and representatives from planned for Humanities Week were unable to take place IE Foundation. In 2020, these included Indian writer but are expected to return in 2021 to once again cele- Namita Gokhale, British journalist Tom Burns, and brate the importance of the humanities in encouraging Spanish journalists Bieito Rubido and Carlos de Vega. critical thinking, challenging the status quo and promoting innovation. The event was held online in September 2020. From more than 700 entries spanning five different award categories, the judges picked out the winners whose work was then published in print as a celebration of their success.

Watch the video

67 SPOTLIGHT ON: THE HUMANITIES ANNUAL REPORT 2020

Polish Historian Adam Michnik

Hay Festival Debates varied from discussions on the future of Europe to conversations In September 2020, IE University co-hosted 18 events about the importance of nature, at the Hay Festival Segovia as part of its enduring sustainability and ecological support for the festival, to which it has contributed for eleven consecutive years. awareness.

During its 15th edition, the Hay Festival Segovia hosted Speakers included Juan López de Uralde, congressman, 145 renowned opinion leaders and held 50 different former director of Greenpeace Spain and president of events from September 17th to 20th. IE University’s Aula the Congressional Ecological Transition Committee; Magna was a main venue for the festival, and the Jocelyn Bleriot, executive officer of the Ellen MacArthur events were also streamed online so that those unable Foundation; Isabela del Alcázar, director of sustain- to attend in person could enjoy the discussions. ability at IE University; and internationally renowned US Landscape Architect Kathryn Gustafson.

Also taking part in the festival were ambassadors from Colombia, Morocco and Ireland; princes Hussain Aga Khan and Lorenzo de’Medici; authors Edurne Portela, Janne Teller, Karolina Ramqvist, Fernando Savater, Adam Michnick, Miquel Molina, and Jean Paul Dubois; designers Stephan Janson and Sybilla; nature experts Joaquín Araújo, Fernando Caruncho, Cristina Castel, and Sofia Barroso; and journalists Enric Juliana, Manuel Carvalho, Francesco Olivo, and René Moerland, among others.

Éric Vuillard in conversation with Diego del Alcázar. Hay Festival 2020 68 6.7 DIVERSITY & IMPACT ANNUAL REPORT 2020

Winterball 2020

Índice El Árbol de la Innodiversidad Gestión de la Diversidad en Telefónica (Innodiversity Index) (Diversity Management at Telefónica)

This three-year project is led by the IE Center for This one-year applied research program, also led by Diversity in Global Management and sponsored by the IE Center for Diversity in Global Management, aims Pfizer and HP. The project involves an index of inno- to expand understanding of how diversity management diversity based on a definition of innodiversity as can improve overall business performance in terms of the organizational capacity to manage diversity and resilience, innovation and the effectiveness of teams. innovation in order to improve overall business Together with the Innodiversity Index, this project will competitiveness. map a new path for corporations for managing diversity within teams. By means of the project’s self-diagnostic tool, Spanish companies will be able to assess their own innodiver- sity. The report on the first set of results was presented in September 2020.

69 6.8 IE FOUNDATION SPONSORSHIPS ANNUAL REPORT 2020

During 2020, IE Foundation continued to support those activities on campus related to the humanities, including visits to museums during Humanities Week and Arts Week, through its patronage of El Prado Museum, Reina Sofía Museum, and the Thyssen-Bornemisza National Museum.

70 7 FINANCIAL FIGURES Investment in ANNUAL REPORT 2020 Empowering Talent

2020 €3,765,081

2019 €2,862,092 Every year, IE Foundation invests hundreds of thousands of euros in education, research and cultural develop- ment. Thanks to generous donations from students, 2018 alumni, families, faculty and companies, we are able to provide support to deserving individuals and worthy €2,603,492 causes both within and beyond the IE community.

Our vision and values are not strictly financial, but we recognize that often, the best way to achieve and 2017 uphold them is by providing monetary support. We also know that when it comes to expenses, transpar- €2,685,109 ency is vital to maintain trust and integrity. For this reason, we have included a financial overview of 2020, providing in detail where our funds come from, what they are used for and how these figures have changed 2016 in recent years. €2,260,911

2015

Scholarships granted €1,311,388 in 2015–2020

72 7.1 INCOME & EXPENSES ANNUAL REPORT 2020

INCOME IN 2020 EXPENSES IN 2020

Contributions from students, • • Scholarships: € 3,765,081 alumni, families and employees: The IE Library: € 868,025 € 4,002,999 • Research: € 1,698,593 • Partnerships and business donations: • € 3,877,757 • Sponsorship of cultural, social and entrepreneurial activities: € 426,610 • Financial revenue: € 193,376 • Alumni activities: € 179,388 • General expenses, management and Total income: € 8,074,133 administration: € 626,216 • Others, ordinary and extraordinary: € 355,079 Margin between income and expenses: € 155,141 Total expenses: € 7,918,992

General Accounts audited by KPMG and approved by the IE Foundation Board – June 29, 2021

WHERE WE OUR IMPACT IMPACT Where our funds come from

50 % 47,5% 21,4 %

IE community donations Scholarships Applied (students, alumni, (Undergraduate, Masters, research families, staff) ExecEd, Ph.D.s)

11 %

2,3 % IE Library sponsorship Support to alumni associations 2 % 48 % and activities 5,4 % 7,9%

Financial income Corporate partnerships 4,5 % Sponsorship General expenses (endowment) (companies & foundations) of awards & (admin & Other expenses activities management)

73 8 SPECIAL THANKS The vital work carried out by the Your donations represent far more than just financial IE Foundation—supporting innovative support. Each time you choose to help, you are making a commitment to a better tomorrow. Giving to the projects and elevating talented ANNUAL REPORT 2020 Foundation is an investment in the education of future individuals—depends on the help leaders and a celebration of knowledge, diversity, of the IE Community, made up of inclusivity and entrepreneurship. students, alumni, families, staff and We extend a sincere thank you to the 4,050 donors who corporate and institutional partners. contributed to IE Foundation in 2020. Your help has allowed us to aim high in all our projects and has a direct relationship with the impact IE Foundation is able to make.

IE Foundation would like to mention the main contributors to its collaborative initiatives in 2020.

Your generosity and support mean everything.

Companies

75 9 IE FOUNDATION DONORS STUDENTS, FAMILY, STAFF AND OTHER DONORS ANNUAL REPORT 2020 SPECIAL THANKS A special thank you to IE University students, alumni, faculty, parents and companies, whose donations exemplify the IE philosophy and community.

François-Xavier Rousselot Guillaume Darbon Haoyan Liu’s family

A Alec Rotstain Herrera Alicia Font Aguiló Aleixandre Schudeck Alicia Maria Garcia Lopez Aaron García Gascón Alejandra Arpón De Mendivik Alienor Duron Abdalrahman Elmahadi Alejandra Avila Jaramillo Alix Marie Walther Abdelkarim Kalai Alejandra Bermudez Barreda Allard Simon Christiaan Van Logchem Abdulrahman Almulhim Alejandra Cuesta Cuesta Allegra Caroline Milani Abeer Karim Alejandra Recasens Lachner Allegra Casagrande Abhinav Mahata Alejandra Rubio Brown Allison Katherine Black Abhisek Agrawalla Alejandro Almendariz Small Almudena Fresnedo Aneiros Abhishek Naik Alejandro Álvarez Peláez Alonna Williams Abhyuday Singh Nahar Alejandro Andrés González Pérez Alphin Aloor Adaku Akalezi Onyinye Alejandro Escobio Fidalgo Alua Abeuova Adallah Karam Alejandro Galvez Lopez Álvaro Alcalde López Adediran Omikunle Alejandro González Chivílchez Alvaro Castells Fernandez Adekunle Arisilejoye Alejandro Gonzalez Obregon Alvaro Diaz Del Río Redondo Adelaida Prieto Echeverría Alejandro Gutierrez Acosta Alvaro Oliveros Ibañez Ådne Madsen Tverfjell Alejandro Jesús Gimeno Bustos Alvaro Palma Cuba Adolfo Gonzalez Alonso Alejandro José Mier y Terán Casares Álvaro Romero Martínez Adriana Escobar Alejandro Kreutzer Álvaro Villalón Criado Adriana Vázquez Hermida Alejandro Monzó Tadeo Aly Tawfik Agnieszka Maria Widziewicz Alejandro Rubén Tosi Amadeo Salvo Lillo Agostina Iacobaccio Alejandro Samuel Bastías Bonomo Amaia Tellitu Agus Chandra Alejandro Sánchez Martín Amalia Rodriguez Dacal Ahmed Aljeshi Alejandro Silva Hernandez Amanda Brasil Leigh Ahmed Atia Mohamed Aleksandr Voronov Amaya Engeler Arambarri Aida Loggiodice Salerno Alessandra Sciaguri Amy Ingram Aina Marí Alessandro D’alessandro Amy McLaren Ainhoa Magrach Gonzalez Alessandro Nigro Ana Belén Maestre García Akhil A R Alessia Juan Martinuzzi Ana Belen Yanez Garcia Akhil golla Alex VanOeveren Ana Carolina Olarte Gomez Alain Arturo Grullón Gonzalez Alexander Johannes Hoffmann Ana Cecilia Hurtado Ortiz Alain Ponce de Leon Campos Alexander Traversa Ana Clara Knott de Castro Alan Calderón Rojas Alexander Voronin Ana Cristina Barragan Fougerat Alan Donaldson Alexandra Ledesma Jáuregui Ana Cristina Paiz Alan Ponce De Leon Murga Alexandre Charles-Antoine Valentin Braccini Ana Cristina Pinto Dos Reis Alanoud Alfaisal Alexandre Max Abraham Zenou Ana Encinas Sánchez Alba Arias Nogueiras Alexi Hastings Ana Isabel Granado Agudo Alba Diéguez Pérez Alexia Collot d´Escury Ariza Ana Lidia Barrera Verduzco Albert Zorrilla Alexis Burns Ana Lorido Heras Alberto De Juan Carrasco Enseñat Alfie Gutierrez Vivian Ana Lucia Strub Larizbeascoa Alberto De Miguel Garrido Alfonso Astorga Romeo Ana María García Barros Alberto López De Biñaspre Maurolagoitia Alfonso Echevarría Rojas Ana María González Ibáñez Alberto Martín Corrais Alfredo Castelo Marin Ana Maria Guerrero Alvarado Alberto Moya Mesas Alfredo Juan García Crego Ana Maria Lozar Saez Alberto Tancredi Fedi Ali Akbarali Ana Maria Seijo Gonzalez Alcides Daniel Licea Ali ElMonofy Ana Paula González Vázquez Alec Miguel Barcenilla Van Der Maesen Ali Taha Mohamad Ana Rodriguez Cantero 77 Ana Romeo Rubio Arielle Jean-Louis Blanca Martínez Cortés Analee Gómez Paredes Arjun Khurana Blanca Petermeijer Ananda Baron Arlette Bouchalhoub Blanca Rodriguez Lainz Anant Garg Armando Cernuda Fernández Bleron Nelaj Anastasia Fedorova Armando Cordoba Bustavino Bodo Kurt Alfred Handtke Handtke

Anders Wester Arnaud Piorkowski Bohan Chou ANNUAL REPORT 2020 Andjela Miljkovic Arney Íris Esterardóttir Birgisdóttir Borja Lasheras Diaz Andre Spaulding Arseniy Igorevich Goldberg Borja Martos blazquez Andrea Carolina Pineda Aguilar Arseniy Petrov Bouqui Stautmeister Andrea Carrillo Mundaca Artaux Christophe Franck Bradley Johnston Andrea Ciotti Arthur Lobmeyr Brendon Bigelli Andrea Fernanda Cruz Flores Arturo Escobar Flores Bridget Marie Hess Andrea Gargamelli Arturo Jaime Chamochin Baladrón Brigita Klusovskyte Andrea Levantini Arturo Varona Bosque Brooke Richardson Andrea Monge Mena Arushi Tyagi Bruno Balestrery Sozio Andrea Nicotra Ary Svartsnaider Leiderman Bruno De Chazeaux-Boutet Andrea Rodrigues Porciuncula Asad Umar Bruno de Oliveira Martinez Andrea Saenz Cabezas Asaf Lev Bruno Fernando Monterosso Pinillos Andreas Alexandros Belitsas Cid Asami Kitta Bruno Ivan Garcia Andreas Jürgen Cornelius de Greiff Asem Aboushaban Bucky Turpin Andreas Prinz Ashley Wang Andrei Angelescu Assemgul Khametova Andreina van Maanen Attilio Cheso C Andres Arango Aude Gandon Andrés Cruz Elosúa Audelino José Fernández Alba Cagol Cagol Alexandra Andres Eduardo Saavedra Rojas Audrey Roger Cameron Rivera Andres German De La Parra Escandon August Hatecke Camila Renee Barandearán Gutiérrez Andres Julio Monteagudo Viera Aurora Herminia Gutiérrez Garcia Camille Chapalain Andrés Maria Fernández Miranda Aviral Prakash Camille Conac Andrés Muñoz Martín Ayessa Quintana León Camille Guetty Eloi Andres Pelaez Echániz Ayodeji James Adelakun Camilo Andrés Navarro Salas Andrés Vejarano Calderón Azra Ahmed Camilo Gomez Galeano Angel Ortega Prous Azzam Ahmed Thadey Ahmed Camilo José Román Freire Angel Peña Palomar Candela Garay Rueda Angel Santisteban Cervelló Candelaria María Artola Brunetti Angelica Guevara Rico B Candida Calogera Distefano Calogera Angelina Devi Sok Carissa Thomas Angie Durkee Bahaa Eldin Feteiha Carl C. Hansson Angie Paola Sánchez George Bart Wauters Carl Edvard Wildenvey Raastad Aniekan Attang Bartolomé Malagón Ramírez Carla Carvalho Dias Anita Dietmair Bashar Saeed Carla Grimaldi Anja Øvregaard Bassem Banna Carla Vazquez Ramos Ankur Dhoot Bastiaan van Holthe Carles Alabau Perich Anna Ianushevych Beatrix Lhote Carles Pi Cubí Anna Ioseliani Beatriz Biosca Echenique Carlo Alberto Forte Anna Laura Baraf Svartman Beatriz Perez Calleja Carlo Ciscato Anna Lida Colvin Beatriz Perez Calleja Carlo Franco Choque Barrera Anne Catherine Gordillo Grau Belen Martinez Gaspar Carlos Alberto Loaiza Gonzalez Anne Claire Lebelt Belen Varela-Villamor Garcia Carlos Alexandre Salgado Penante Anne-Gaël Sadoun benabdallah mehdi Carlos Funtanet Real Anthony Jude Omollo Bendavid David Daniel Carlos Gabriel Caesar Haubold Giménez Antón Martín-Retortillo Arzubialde Benedicte Barth Carlos Garcia Sanchez Anton Wierdak Roman-Don Benjamín Celedón Durán Carlos González Ramírez Antonio Alonso Saterain Benjamin Tang Carlos Gutierrez Gomez Antonio Costa Rodríguez Berhan Gebretsadik Carlos López García Antonio Fagre Bernardo Sebastião Carlos Manuel Sobral Cid Costa Álvares Antonio Fontanini Fantoni Bernat Carbonell Gual Carlos Martin Fonseca San Miguel António Maria de Castro Barbosa Bertrand Deluard Deluard Carlos Vitale Catarino Petiz Bertrand Jabre Carlota Crespo Moyano Antonio Thurnher Zerpa Bhumik Kothari Carlota María De Alcocer Hernández Antonio Torre de la Fuente Birger Nestor Wirstad Carlota Romeu Sandoica Antonio Yves Baselga Ridruejo Biswajit Lima Carlota Sánchez-Cespedes Riber Aous Almegrin Blaise Cohen Carmen Agustí Canga 78 Carmen Escobar Claudia Rosado Schlosser David LaRovere Carmen Pinto Laura Claudia Telaya David Papa Boakye Carmen Urbiola Merina Claudia Thyssen David Rodriguez Garcia Carole Dupeyron Claudio Casciaro David Sorrentino Giordani Carolina Aulló González Clémence Jutard David Zabel

Carolina Borgas Clément Perrette Debby Thornley ANNUAL REPORT 2020 Carolina Bucarey Gambero Cléo, Mathilde Ardisson Deidre Ochoa Via Carolina Chagas Avellar Cobbi Bensa Sandrine Denise Cara Rubenstein Carolina Estévez García Colette Teresa Edwards Diala AbuMohd Carolina Forero Conor Twomey Diana Battaggia Baccini Carolina Garcia Martin Conrado Briz Orozco Diana Carolina Campisi Carolina Parilli Rodriguez Constancio Medrano López Diana Kagermazova Carolina Plaza Marquez Constanza Inés Montero Diana Mercedes Canella Neutzé De Luna Carolina Velásquez Zuluaga Constanza Muñoz de Alba Lorenzo Diana Trosman Caroline Josephine Ghazzaoui Cosimo Andrea Vestuti Dido Dimitriadou Carsyn Wiley Cosmo Jorge Gordon Camacho Diego Alessio Robles De la Calle Casey Choong Ka Sching Courtney Thomas Diego Baena Aristizabal Casimiro Juanes Cristian Gómez Tena Diego García Gámez Cassidy Layne Edwards Cristian Rubin Fuentes Diego Gonzalez Varela Saborio Catalina Granda Mackinson Cristiana Fortini Diego Hernandez Zuñiga Catalina Mejia Ortega Cristina Civera Diego Mata Saravia Catalina O’Ryan Valdivia Cristina Elena Claure Diego Rubini Cansino Catalina Pérez Navarro Cristina Escallón Laborde Diego Vilariño Butta Catalina Valdez Cristina Ferrer Roig Diego Zapata Fonnegra Catarina Silva e Costa Cristina García Ayuso Digvijay Singh Catherine Heredia Cristina Iborra Fernández Dikshant Sharma Cathy Rojas Cristina Victoria Llopis Marhuenda Dimitra Gkika Cato Brahde Cristina Santos Echevarría Ðinh Tiên Ðat Cecilia Af Trolle Dirk Duden Cecilia Bönström Gillier Disha Madani Celina Catherine Usinger D Dominique Kamil Robson César Alonso Palacios López Dorian, Paul, Claude Frougneux Cesar Brito Hidalgo Da Song Dr. Goetz Otto Chaiyeon Kim Damian Rivlin Dr. Hans Neubauer Chanell Daniels Dan Czepl Wishart Dr. Ulf Renzenbrink Charlene Alzaga Danaé, Adeline, Laura, Flaviène Clerempuy Dragan Milovanovic Charlène Doudou Danette Verwoerd Baatsen Dynna Schutz Alvarez Charles Eric De Loppinot Daniel Acosta Sandoval Charles Gelle Daniel Alejandro Espinoza Dominguez Charles Lagemann Daniel Ángel Prieto García E Charlotte Haas Haas Daniel Arturo Altamar Vega Chaymae Mesbahi Daniel Baltieri Favoretto Eden Jonas Zutenna Chiara Mesureur Bassil Daniel Cornejo Vásconez Edmund, Philippe, Jullien, Rolli Trang Chiara Simonetti Daniel Deambrosi Lavarello Edmundo Elias-Fernandez Chloé Bigio Daniel DiChiro Edmundo Vallejo Ullauri Chris Nagel Daniel Garcia De Paredes Miró Edoardo Pigliacelli Fendi Christian Seraphim Daniel Garrido Lozano Eduard Nazirov Christiane Nicolai Daniel Granado Carpenter Eduardo Adrian Gonzalez Espinoza Christine Roesch Daniela Patiño Eduardo Carriquiry Blondet Christophe Cassand Daniela Romero van Ginhoven Eduardo Garcia Murillo Christophe Fauchon De Villeplee Daniela Saldarriaga Zapata Eduardo Intriago Cedeno Christophe, Detre, Henry, Georg, Daniela-Viorica Morari Eduardo Jose Garza Zertuche Marie Barczy Daniella Poppe Medina Eduardo Motta de Moraes Christopher Bradshaw Danielle Hadjin Yetta Edward Melgar Christopher Twyman Dante Lindley Artieda Edwin Voerman Christopher Vanderfelt Dany Mahta Eesh Jindal Christos Vlontzos Dara Roth El Kasmi Younes Cinthia Gómez Salazar Dario Pascual García Elena Borislavova Borisova Claire Dorey Darren Philpott Elena Liebethal Claire Lecerf David Arribas Garrido Elena Pérez-Maura Garcia Clara De Lama Ramos David Fernández Arias Elene Okromchedlishvili Claudia Dalla Torre di Sanguinetto David Henry Eleonora Franco Claudia Goetz David Hess Elias Antoun El Houeiss 79 Elias Eseverri Felix Dennl Jonathan Gian Pietro Zane Elias Theodoropoulos Félix Durandeux Gianella Alessandra Victorio Carrion Elio Sceti Leoni Felix Pastor Alfonso Gianina Giribaldi Elisa Bai Fermin Paus Gideon Gratien Montgomery Elisabetta Taurino Fernand Schaber Gilles Gregoir

Elizabeth Rose Leonard Fernando Ballester Martinavarro Gilles Tanneur ANNUAL REPORT 2020 Eman Bachani Fernando Cantalapiedra Alvarez Gilles Vollin Eman Chaudhary Fernando De Las Peñas Nava Giorgi Alibegashvili Emanuel Cheszes Fernando González Ginard Giorgia Perrone Emanuele Rista Fernando Guedes Giorgio Allani Emilia Khreiche Fernando Gutierrez De Piñeres Grijalva Giovanna Lisset Castro Bonilla Emilie Kielstra Fernando Herrero Álvarez de la Rosa Giovanna Sella Freire Emilio Gómez Ossorio Fernando Hilbck Ruiz Giovanni Galeotti Emilio Jose Pastor Martinez Fernando Iglesias Carrasco Giovanni Landi Emily Drábek Fernando Ocáriz Iglesias Giovanni Mannucci Emma Maria Ciocca de Paolini Fernando Valero Flores Giovanni Riva Enes Lutfiu Ferran Mallol Giulia Mangione Enrique Alalu Buchuk Filipe Rodrigues Giullia Gabrich Teixeira Zucchini De Gomez Enrique Aparicio Caparrós Filippo Mansi Gloria Gabriele Kamps Enrique Cruz Diaz Florin Sirbu Gloria Lupo Pasini Enrique Gallar Romero Fraia Pérez Rayón Forsman Gonzalo Alfaro Ybarra Enrique M Gentilini Francesca Fifis Gonzalo Bedoya Enrique Recke Velasco Francisca Ansuategui Julián Gonzalo del Pozo Sánchez Enrique Rivero Puente Francisco de Asis Mansilla Navarro Gonzalo Fischer Johansson Eric Bonnefous Francisco Diamond Gonçalves Gonzalo Garland Hilbck Eric Fournel Francisco Gerardo Gandara Espinosa Gonzalo Gutiérrez Isunza Eric Ledoux Francisco Guadalupe Sobrecueva Gonzalo Ortiz Sanz Eric Levisalles Francisco Javier De Castro Carpeño Gonzalo Ubieto Udina Ernest Benchek III Francisco Javier Gonzalez Marcos Gregorio Becerra Rodriguez Esperanza Alarcon Muñoz Francisco Javier Ortega Ruiz Guido Vengoechea Zuccardi Esperanza Harumi Nishizawa Criales Francisco Soriano Pastor Guilherme Marquez Teles Gomes Esra Püren San Franco Canevari Soler Guillaume Darbon Esteban Daniel RossI Rossi François-Xavier Rousselot Guillermo Hopkins Pérez Esteban Peñaloza Guzman Fred Oluoch Akoko Guillermo Liebelt Estefania Sansores Chavez Frederic Van Heems Guillermo Molano Santana Estelle Rivals Friederike Botermann Guillermo San Román García Etor De Goicoechea Labiano Gulnura Toralieva Etto Marcelo Gallegos Martinez Gurpreet Kaur Eugène Marie Henri Chaufour G Gustavo Calvo Eugenio Gulminelli Barrau Gustavo Duarte Eugenio Pérez De Lema Carmona Gabreile Ghassan Jaber Nino Gustavo Orrico Sandrin Eunice Gomez Antuña Gabriel Core López Eva Maria Belinchon Sanchez Gabriel Heilbrunn Navarro-Grau Eveline Brigitte Schönleber Gabriel Paolo Ayón Dicunta H Evgeny Evremov Gabriel Pineda Gabriel Salegui Cegarra Ha Young Lee Gabriel Vega López Hadi Kahil F Gabriel Wilhelm Hakim Lahbabi Gabriela Buchanan Mayer Ziotti Hala Abu-Dayyeh Fabian Laurenz Hess Gabriella Lowell Halessandro Cecilio Pezo Baca Fabian Rohrmanstorfer Gabrielle Felisa Moran Mejia Hamad Alissa Fabiana María Ortiz Larrea Gazal Alajo Hana Hosi Narvaez Bautista Faisal Alhussain Genaro Morones Jr Hannah Schieck Fanny Dos Santos ep Belmonte Geoffroy Gerard Gerard Hanoof Faqeeh Faraaz Zaman George Boulos Hans von Schenck Farah Samir Yousef Abuatiyeh George Furnivall Haolin Yang Farah Tubeileh George Robertson Haris Noman Farida Majidli Gerardo Campos Tello Harshil Sharma Fausto Thomas Agullo Bustamante Gerardo Chiaia Hector Andres Guerrero Fazal Mobeen Zafar Gerhard Marais Helen Hillis Felipe Copete Jaramillo Germain, Michel, Aubin Auzanneau Helena Friberg Felipe Machado Germain Sanchez Couso Hemant Bahl Felipe Spritzer Ghazwa Helal Henry David Cubides Moreno Felipe Uribe Botero Giampiero Bianchi Herman Cheung 80 Hexian Chu J Jesse Menzies Hina Azher Ali Warsi Jessenia Campoverde Espinoza Hiroyuki Matsushita Jaafar Makhtoum Jessie Poon Yuen Ting Hongdi Zhang Jackeline Leon Valdeiglesias Jesus Leopoldo Escobar Olmedo Hugues Chevalier Jack-Jose Helou Jesús Moreno Hernández

Hussein Issa Jackson Murphy Jesús Santiago Rial Huerta ANNUAL REPORT 2020 Jadranka Kolar Ramesa Jianyu Wang Jaiber Taborda Corrales Jihad Kheirallah I Jaime Aguirre De Cárcer Moreno Jimena Castellanos Suárez Jaime Ávila Gómez Jimmin Kwon Ibai Caranca Yañez Jaime Carabias Garcia-Quiros Jinxing Li Ibrahim Althenyan Jaime Hurtado Franco Joan Valentino Avellan Alvarez Ibrahim Elhoussieny Jaime Pueche Duran Joao Antonio Dos Anjos Cardoso Ibrahim Emad Ibrahim Muhammad Jaime Sanmartin Jordana Joao Campilho Mahgoub Jaime Serrano Gutiérrez João Macedo Ibrahim Parwaz Jakob Zelkowicz João Pires Rafael Icía Castro Iglesias Jakub Makowski João Ravara Idoia Burutaran Jalila Abdelwahab Nasser Jahaf Joao Ribeiro Manuel Ifedolapo Atinmo Oluseyi James Chawke Joaquin Cucala Garcia Ignacio Bailo Alonso de la Florida James Hartzell Joe Daou Ignacio Bezares Del Cueto Jan Phillip Thoma Joelle Jouvet Hicks Ignacio Conde Jane Spivey Joerg Schultheis Ignacio Huarte Huarte Janet Gavidia Joergen Bodum Ignacio Jaso Ferrer Jan-Matthias Jetter Johana Denisse Castillo Gallo Ignacio Leopoldo Cavero Martínez De Campos Jan-Niklas Bullert Johanna Andrango Brito Ignacio Pérez Luque Jannis Markgraf Johanna Dolderer Ignacio Rivero Anglada Jan-Willem Welman Johanna Hoff Nordskar Iker Ricoy Crowley Jason David Unger Johannes Meyer Ikuya Yasui Javier Baquero Sánchez Johannes Naerger Inalegwu Alogwu Javier Bueno Casado Johannes Notheis Inder Preet Singh Javier De Isusi De Zubía John Castaños Ines Vanessa Pedroza Sosa Javier Fernández Becerra Sánchez Cendal John Ripard Ingrid Margot Nacouz Javier Fernández Cano John-Wilson Montillot Iñigo Argaya Javier Fernández Gómez Jonathan Lim Iñigo Escondrillas Romera Javier Fernández Martínez Jordi Soriano Carmona Inigo Polanco Jaraiz Javier Fresno Zabala Jorge Alfredo Añez Lijeron Íñigo Vallés Durán Javier García García Jorge Andrés Riveros Calle Iouliana Litou Javier Gómez Ballonga Jorge Carlos Lozano Vázquez Ippei Morioka Javier Gomez Escribano Jorge Casado Alba İrem Umut Yaşık Javier Marco Del Pont Jorge Enrique Pelaez Larrainza Irene Guerrero Muñoz Javier Martinez-acha Vasquez Jorge Fernandez Cochon Iris Lanz Arruti Javier Nieves Remacha Jorge Mena Carrillo Isaac Ghanem Wadiah Javier Piña Cañas Jorge Montenegro Del Castillo Isabel Andreu Urioste Javier Ramos Mesado Jorge Mora Hernandez Isabel de Sivatte Font Javier Rodríguez Barreiro Jorge O. Driesner Isabel Falkenberg Javier Rojo Azpiazu Jorge Plaza Marquez Isabel Garcia Reaño Javier Saiz Briones Jorge Roman De La Parra Isabela Dopieralski Oliveira Lemos Javier Silva Tala Jorge Salazar Rojas Isabella Rowland Rodriguez Javier Urrutia Rojas Jorge Sanz López Isabella Zebede Gonzalez Jaya Surya Sakthivel Jorge Terol Uixera Isagani Trinidad Jayanth Kadambi Seshadri Jørgen Vedal Isbeth Rodriguez Jean Jacques Clairé Jose Antonio Carpintero Fernandez Ishwar Shrimali Jean Paul Delrosario Obando Jose Antonio Farias Rodil Isobel Rae Impas Jean-Baptiste El Khoury Jose Assad Villarreal Italo Orihuela Odicio Jean-Cedric Fenelon Jose Barahona Itaru Otsuka Jeffrey Beeson Evan Jose Bordogna Ivan Alejandro Meller Jeffrey Thomson José Canseco Pages Ivan Andric Jeffrey Wood Wood Jose Carlos Escobar Duque Ivan Baquerizo Alvarado Jenaro González Del Hierro Jose De Juan Orlanois Ivan Fernandez de Miguel Garcia Jennifer Löhr Sodian José Enrique Samayoa Manzanares Ivan Humbert Rusodimos Jeremy Ifrah José Gabriel Zúñiga León-York Ivan Iatsko Jeroen Rijk José García Cañedo-Argüelles Ivan Leonardo Martinez Giraldo Jérôme Rouveron José Ignacio Alegría López 81 José Juan Borrás Pérez K Leslie De La Cruz Martinez Jose Leoz Creus Leticia Santana Campos da Silva Jose Manuel Calderón Nuñez Kaaren Emilia Hall-Dixon Dixon Hall Liina Agur Jose Manuel García Bernat Kabbani Hassan Lila Pure Vizcarra Jose Manuel Hermida Viallet Kaloyan Trifonov Lilian Garcia Kim

José Manuel Igea Biurrun Karan Koocharian Lilian Rizk Dakroub ANNUAL REPORT 2020 José Manuel Montero Lapido Karen Azoulay Liliana Ruiz Jose Manuel Perez Karen Christiansen Agar Linda Loreen Steiner José María Caro Mateo Karen-Marie Kragelund Thomsen Linus Johannes Vitus Rauschnabel Jose Maria Cortina Romero Karina Radice Lira Mikayelyan José María Del Cerro Sánchez Karishma Maharaj Lisanne Larue Fernandez Davila Jose Maria Escobar Olmedo Karl Semaan Lise Seromaa Hetland Jose María Muriel Palomino Karla Ramon Livia Cerasi José María Rivero de Aguilar Carrasco Karla Wittkop Rocha Lizbeth Hernandez Valentín José Miguel Bachero Fernández Karthikeya Maharajula Ljiljana Radonjic Jose Valentin Arrieta Guillén Kasia Porzezinska Llanos Berruga Monteagudo Joseph Bagal Kasumi Iwase Louisa Picard Joseph Faddoul Katrina Aldaba Louise Anne Taylor Joshua Ginnane Fergus Keisuke Tanaka Louise, Andréa, Sylvia Capart Juan Antonio Guerrero San Juan Kelly Blieden Luba Borisova Juan Aranols Campillo Kendalle Bennett Luc Van Den Bergh Juan Bertó Botella Kento Matsuyama Lucas Gamarnik Juan Bustillo Velasquez Kiera Degenhardt Lucas Movilla Mariño Juan Carlos Cáceres Sedán Kim Aileen Varnai Lucía Isabel Arias Parra Juan Carlos Delgado Klaus Burger Lucia Jimenez Bruna Juan De los Rios Koji Tonegawa Lucia Ojeda Garcia Juan Diego Vargas Rosales Konstantin Mychelkin Lucía Olivier Rodicio Juan Fernando Aguiar Batista Kui Wang Lucia Ruiz Montiel Juan Fuster Kunal Sharma Lucian Skerjanec Juan Ignacio Landecho Sarabia Kushagra Mishra Luciano Consolini Juan Jose Arcuri Kushal Bhatnagar Luciano Pereña Juan José Vidal Gutiérrez Kyle Koehler Lucille Yung Zhang Juan Lima Ludovico Orizio Juan Manuel Jiménez Rebollo Luis Alfonso Cuetos Juan Manuel Nebot Mateos Mateos L Luis Antonio Outon Cid Juan Marco Dumont Eserski Luis Arevalo Juan María Heslop García Lachlan Todd Luis Belaúnde Ausejo Juan Oscar Crespo Luizaga Lakrafi Hafa Mina Luis Cuervo Spottorno Juan Pablo Álvarez Nespereira Lara Güven Luis Del Yerro Rebuelta Juan Pablo Ballesteros Gutiérrez Lars Gericke Gericke Gericke Luis Espinosa Andrade Juan Rivera Lars Markwort Luis Fernando Marcos Yepes Juan Sabín Burzaco Lars Nicolai Luis García Cortázar Juan Sepulveda González Laura Andina Dores Luis Paramo Ascencio Jude Nuqul Laura Cassinelli Gubbins Luis Riviere Baena Jules, Nicolas, Valentin Simiand Laura Marguérite Xochitl Luis Roberto Prado Mendoza Julia Abbas Ghaddar Laura Marie Evita Margueritte Luis Roson Julia Ploebst Laura Stockert Luis Saenz Martinez-Geijo Julián Trigo Laura Valls Alvarez Luis Sanchez De Lamadrid Folguera Julián Valenzuela Franco Laurence Ninforge leon Luis Vidal Punceles Juliana Archila Villalobos Laurent Auzanneau Benoit Lukas Keller Julie Haëntjens Laurenz Vinzenz Brockmeyer Luke Murray Juliette Brule Laurie Davis Luyun Chen Julio Andres Ramos Lavanya Agrawal Julio Heshiki Lavinia Gather-Stammel M Jun Hui Joshua Lim Leire Domenech San Juan Junqing Xie Léna Pelletier Mª Angélica Mena López Justin Rogers Leon Heuschen Mª Dolores Alba Mullor Léon Ousmane Alain N’diaye Mª Dolores Alonso Blanco Leonardo Azurduy Saunero Mª Dolores Rodríguez Díaz Leonardo Shamis Ingberg Mª Pilar Hernández Abad Leonor De Castro Da Cunha Bernardes Mabel Mandelert Valverde Carneiro Macarena Alonso-Majagranzas Barberá Leopoldo Campuzano Díaz Macarena Rosado Corral 82 Mackensen Sebastian Maria Del Carmen Ramos Mario Guraieb Mantecon Madeleine Hutin María del Mar Gamo Salas Marion Escomel Madi Amankeldi Maria Del Mar Trasancos Sánchez Marisol León Bentin Madison Kathleen Dearie Maria del Rocío Mittendorfer Mittendorfer Marius Wienand Maeva Pierre María Del Rocío Moreno Mendoza Mark Genno

Magali Angulo Garcia María Del Rocío Ramos Blanco Markus Lumbe ANNUAL REPORT 2020 Magda Alejandra Dos Santos Zitzen María Del Valle Álvarez Marta Durán Conde Maha Battas María Dolores Pérez Ubieta Marta Moreno Galindo Mahmoud Aladwan María Dolores Rodriguez Alemán Marta Tallon Gomez Mahtab Khaghani Amirebrahimi Maria Elena Elcarte Fernandez Marta Varela De andres Mailin Jappe Jappe Maria Eugenia Gaitan Marthe Danielle Agathe Chéneaux de Leyritz Maite Correa Navarro Maria Fernanda Chavarria Marthinus Steyn Hofmeyr Majid Marrakchi María Francisca Paz y Miño Maya Martin Braun Malek Atrissi Maria Gabriela Santos Pelaez Martín de la Fuente Ernst Malen Gómez Pérez María García-Lafuente Boix Martín Ignacio Gajardo Lecaros Mallory Ewer-Speck Maria Graciela Missura Donoso Martin Trinchieri Manav Bhatia Maria Guadalupe Navarro Elguezabal Martina Sofía Volman Manfred Alberto Fernholz María Inmaculada Martin Cañas Martina Weberruss Mangaliso Kgosi Ngcobo Maria Inmaculada Rodríguez Rodríguez Marvin Joseph Nicolaus Manuel Delacampagne Crespo Maria Isabel Blanco Allais Marwan Belaaziz Manuel Jesús Sánchez Ríos Maria Jesus Arroyo Masafumi Homma Manuel Lopez Maeso María José Rojas Rodríguez Masaki Ooka Manuel Martinez Corroza María Julia Maroto Serrano Massimiliano Broli Manuel Molins Otero Maria Laura Balzaretti Vilanova Massimo Tivegna Manuel Patterson Maria Lorena Alfaro Campagnani Mate Vilic Manuel Santiago Saavedra Rodriguez Maria Lucia Bellido Bertie Matea Ivanovska Manuela Camarero Montero María Lucía Lara Fernández Matheus Martins Carneiro Manuela Fechi Torres Maria Mayor Tonda Mathew Hughes Mara Alejandra Nieto Maldonado Maria Moracho Mathias Peterschmitt María Victoria Sanchíz Suárez María Parada Gasperin Mathilde Charlsen Marc Abdallah María Paz Salas Matic Podlipnik Marc Franks Maria Pilar Yeron Reina Matthew Friedman Marc Vincent Maria Sagrario Plaza Golvano Matthew Minakowski Marcel Andre Dutt Maria Shishkanova Matthias Damm Marcela Pradelli Maria Teresa Alvarez Lancho Mauricio Ortiz Perez Marco Carlo Magrini Maria Teresa Camps Max Eduardo Peña Bautista Marco Cravario María Teresa Tejada Max Garcia Marco Giuseppe Silva María Teresa Velayos Morales Maximilian Klapp Godoy Marcos Marseillan Maria Villanueva Hortelano Maximilian Pichler Marcos Silvestre González Maria-José Arbó Castellví Maximilian Schur Marcus Vinicius De arruda Santos Mariana Coca Ruiz Jarabo Máximo Antonio Villegas Gutiérrez- Margaret McLeod Mariana Montoya Ramirez Argumosa Margaret Mwaura Mariana Zepeda Sandoval Maximus Mauricio Guerrero Margaret Skeen Marianina Gutiérrez Alfonzo May Ahmed Abdellatif Tawfek Mahran Margarita Arantzazu Rios Martinez Mariano Jose Abad Menendez Mehmet Celebi Margaux Dhuicq Mariano Molinari Mehrunnisa Chaudhry Margaux, Colette, Marie Dedenis Mariano Renedo Laguna Melinda Craig Margherita Giol Maricruz Ortiz Castro Melissa Angelina Koch Gregori Margherita Revelli Caracciolo Di Melito Marie Pascale Oliger Donate Melissa Vazquez Gonzalez Marguerite Belleau Marie Rein Menno Bakker Marí Rosana Martínez Málaga Marie, Colette, Louise Petibon Mercedes Oliva Pérez Maria Adriana Torres Silva Mariela Barboza Lopez Micaela Gabriela Orellana Espinosa Maria Alejandra Sampayo Guerrero Marien Simón Alvarado Michael Al Zoghzoghi Maria Amjad Talat Al-Sawalha Marie-Sophie Vocke Michael Robinson María Andrea Caicedo Donado Mariia Dehurko Michel Meyer María Ballester Marín Marika Laura Jarvenpaa Gherardi Michel Simiaut María Cecilia De La Calle Pardo Marilia Arsani Michelle Ferrín Meilán María Constanza Santacruz Cordovez Marina Gómez Fernández Michelle Richa Ward Maria Cristina Acevedo Perez Mario Alberto Cristiano Ciancio Sanfilippo Miguel Alonso Monge Maria Cruz Lidia Sierra Muñiz Mario Decanio Bravo Miguel Ángel Bailez Rodríguez María de la Fuente Corrales Mario Enrique Martínez Flores Miguel Angel Casales Ruiz María de la Serna Zafrilla Mario Escanciano Rojo Miguel Ángel Castaño Castro Maria Del Carmen Almeida Agudín Mario Ferraro Miguel Angel Panadero Alarcón 83 Miguel Benito Dols Neda Ahmadpour Oluseyi Kumapayi Miguel Costa Gonzalez Neelkanth Ramchandra Pandit Omar Moursi Miguel Delgado Saiz Nelson Vanderfelt Oriana Laguna Salazar Miguel Depalma Depalma Nelson Vasquez German Orighomisan Eribo Miguel Eduardo Torres Suárez Nerea Fernandez Sanchez Oriol Vila Masip

Miguel Ernesto Ruiz Vega Nicholas Marthinus Basson Oscar Bernardini ANNUAL REPORT 2020 Miguel Garrido Luque Nicholas Messerli Andreas Oscar Diéguez Fernández Miguel Gonzalez Guizan Nicholas Shelton Oscar Eduardo Reyes Miguel Hornillos González Nico Peters Oscar Pedro Devotto Silveira Miguel Núñez Lara Nicola Saporito Oumaima Achataoui Miguel Ortiz-Cañavate Campbell Nicolai Vucetich Telaya Oxana Pangina Miguel Romero Durán Nicolas Aguirre Bowles Mihaela Ioana Fechete Nicolas Alexis Arnaud Petre Minjung Shienna Kim Nicolas De Saint Etienne P Miquel Amengual Verdera Nicolas Frayne-Reixa Mireya Recarte Pérez-Loizaga Nicolás Fredes Sáez Pablo Arango Mithat Ozturk Nicolas Guerin Pablo Gala Serra Mitsuya Shimura Nicolas Marc Donald Besso Pablo Groeger Mohamad Ali Abdul Hafiz Baydoun Nicolas Marchais Pablo Guillán Gestoso Mohamed Afifi Nicolas Nilo Collado Pablo Hernández-Coronado Quintero Mohamed Maliki Nicolas Ploquin Pablo Neil Fernández Gill Mohamed Mourabet Nicolás Ponte Pablo Pérez Suárez Mohamed Saad Benjelloun Touimi Nicole Brunet Pablo Romero Rey Mohammad Albustanji Nicole Jackson Allende Paliz Mungkaladung Mohammed Abidi Hassan Niels Obidimma Amechi Okoye Paloma Aparicio López Mohammed Althbiti Nihal Hammad B Paloma Porras Garcia de Blanes Mohd Hafidz Mohd Ariff Nikhil Daspatnaik Paloma Villaro Gumpert Monica Natalia Loli-Arnao Soberón Nikolas Artadi Pamela Gonzalez Peña Montserrat Rodriguez Martínez Nina Moradi Pamela Nicole Robles Nava Morgan Mostrom Nino Grasso Pamela Scholz Morgane Coquille Nisa Serin Pankhury Harbansh Morteza Ahmadi Lari Nisha Jegan Singh Paolo Giovanni Albengo Demarchi Mourya Athanti Nitin Vats Paolo Graziano Myriam Paredes Serrano Nizar Assi Paolo Salvatore Garraffo Myriam Pilar Sanz Sevillano Nkechi Olalere Paras Malik Myriem Naciri Nobumichi Taniyama Parma Govindsamy Noemi Hernandez Bello Parsa Khan Noor Said Pastora Isabel Valero N Nor Azlina Baharin Patricia Aguilar Nour Issa Patricia Alexander Chamorro Nadine Artesani Nour Menassa Patricia Alonso Durán Nadine Bowles-Newark Nur Hazal Ataman Sepkin Patricia Eugenia Soledad Razura Gutiérrez Nadya Codina Arce Nuria Canal Garcia Patricia Farach Atala Nagesh Chellapilla Nuria Carcedo Herrero Patricia Fisas Verges Najwa Alami Ouali Nuria Conill Piquer Patricia Garvía Soler Nalisha Men Patricia Lostao Fernández-Lomana Nan Guo Patricia Marco Sienes Nancy Cueto Gutiérrez O Patricia Olmos Vico Nanditha Puravanakra Menon Patricio Ortega Villar Naomi Rütimann Océane, Anaïs Pedrosa Patrick Billiet Naoyuki Hashiguchi Odianosen Omonkhomion Patrick Edward Bassett Naser Al Rowahi Ogheneruemuhwe Ewubare Patrick Picollo Thomas Nassar Nassar Oilie Haulo Paul Abi Aad Natacha Bonnet Olakunle Osinowo Paul Semenets Natalia Escalera Gomez Olga Galán Paula Arnedo Natalia González Olga Korzheva Paula Jimena Gamas Natalia Santafé Martinena Olga Lilliam Frech Medina Paula Jiménez García Nataly Evgeni Lukanova Olga Lucia Moncayo Burbano Paula Pitarch De Felipe Natasha Pulin Parikh Oliver Beyer Paula Portillo Asturias Nathan Mulcahy Oliver Dietrich Dietrich Pauline Fuchs Gamboeck Nawaf Abdullah Alblowi Olivia Margot Arias Voss Paulo Adriano Carvalho Da Rocha Pacheco Nawal Soueidan Olivier Lambrecht Paul Paz Membibre Saavedra Nayyab Tariq Olivier Roguet Pedro Castro De Pablos 84 Pedro Francisco Cerdán Moreno Ramesh Kumar Ruben Muñoz Ibarra Pedro Londono Sanchez Ramón Caballero Moralejo Rubén Rodríguez Penabad Pedro Lourenço dos Santos Ramon Martinez Rudolf Pritzl Pedro Martins Pássaro Gonçalves Ramon Osuna Llano Rufino Paniza Pedro Pablo Vivanco del Rio Ramon Senosiain Zaragüeta Rupal Shukla

Pedro Pérez Sayago Ramón Von Chong Chavarria Rusudan Topuria ANNUAL REPORT 2020 Pedro Valín Armenta Rania Himmi Ruthwik Dhaipulle Peter Celic Ranim Ben Romdhane Ryan Zakaria Peter Farah Raphaël, Julien Berrebi Peter Hungerbuehler Raquel Cabero Quiles Peter Kwiatkowski Raquel Herrera S Peter Miksch Raquel Sophia Colón Carrasquillo Peter Roth Auber Raul Calvoz Saad Ali Sahir Petra Auster Raul Gonzales Taype Sabahat Naureen Philip Jeffrey Jhaveri Razan Machtoub Sabetay Levy Galico Philippe Ardisson Rebbe Stephan Friedrich Sabikha Rakhimova Philippe Cleach Rebeca Molinello Mateos-Aparicio Sabrina Azoulay Philippe Iribarne Rebeka Bella Romanovsky Sacha Mestdagh Philippe Robin Redwane Khanne Belghmaidi Sahil Chaudhary Philippine Perrier Remedios Eugenia Esparza Vazquez Sai Anusha Pamidipati Pia Abou Jaoude Remedios Orrantia Perez Saima Bukhari Pierre Chaume Renate Gerritse Sajeevan Vicknenthiran Pierre Soulard René Seitz Salah el Ghazouli Pieter Van Poecke Renu Sharma Salim Abou Jaoude Pilar García Almendral Renzo Ernesto Cornejo Rojas Sally Blumer Pooja Malik Ricardo Fontenelle Sarmento Pimentel Salma Baduel Praise Carolina-Piera Dekpoh Ricardo Mejia Mejia Aoun Salome Kokosadze Pranav Sharman Ricardo Pérez Venegas Salvador Lo Valvo Ordoñez Prasad Pramod Gangane Riccardo Zamperetti Salvador Somaza Peñuela Prashant Soni Ricciarda Azzini Samantha Provenza Preeti Mishra Rina Bruk Levy Samar Choudhary Priscila Manuela Silva Delgado Riya Dhankar Sameer Singh Priyanka Rai Robert Clodfelter Sameh Abdelrazek Robert Dieter Wittkowski Samer Anouti Valentina Ghazi Robert Levy Sami Samir Hassane Q Roberta González Gaxiola Samira Behrouzan Roberto Martins Samuel Joseph Craig Quentin Klotz Roberto Riera Motas Sandra Ogazon Roberto Sanchez Cantillano Sandy Lapp Roberto Vincenzo Morla Berrocal Santiago Buscaglia Jorge R Rocío Fernández Funcia Santiago González Sánchez Rocio Gonzalez Santiago Henao Arias Rabih Rachid Rodolfo Holzmann Nano Santiago Pedraza Fernández Rachel François Rodolfo Luis Barbagallo Santiago Ricketts Ferreyros Rachel Hayek Rodolfo Velazquez Saldaña Santiago Sappia Raed Kakish Rodrigo Almeida Machuca Santiago Toro Ramirez Rafael Jesús De Armas Torrer Rodrigo Augusto Moliner García Sara Kobayter Ali Rafael Noblejas Rodrigo Farinha Sara Palmira Bidone Rafael Otegui Castagnino Rodrigo Martinez Sara Pascual Garrigós Rafael Panadero Carlavilla Rodrigo Rojo Sara Pedraza Carro Rafael Pascual Bernabeu Roger Mina Sara Rosa Canelo Maureira Rafael Solari Fernandez Rogerio Campos Saradjine Salomon Rafaella Poppe Schuler Ronaldo Emilio Pérez Martinis Sarah Ballaud Raghav Hareesh Tibrewala Rosa Angeles Domingo Lozano Sarah Salibi Rahul Sharma Rosette Fares Sarthak Tayal Raine Lester Rossana Hidalgo Vilaseca Savia Weidinger Rainer Feras Schaeffter Rostislav Kulak Saya Sayatova Raj Narayan Sharma Rubeena Singh Sean Siegrist Raja Bentaouet Kattan Rubén Aristayeta Blas Sebastian Andres Noda Tirado Rakesh Biyani Ruben Armand Lalo Sebastián Cabal Calero Ralf Bostedt Ruben Ferrer Sebastian Eduardo Tejera Ralf Michael Schmid Rubén Jiménez Pinedo Sebastian Ibarra Ramaz Alpaidze Ruben Louis-David Emmanuel Konan Sebastian Morales Bermudez Doig 85 Sebastián Sastre del Hoyo Sukhwinder Toor Sin V Secundino Avila Guzmán Sunghun Jun Selma El Mokhfi Sunil Duggal Vaibhav Barthwal Bipinchandra Serge Eliam Suparna Handa Valentina Myriam Valdés Donoso Sergejs-Bakusins Surya Teja Kakirala Valeria Bermudez Garcia

Sergii Petrov Susan Gracia Gracia Valeria López Simón ANNUAL REPORT 2020 Sergio Caldeiro Garcia Susana Criado González Valerie Alvarez Broch Sergio Ehlis Pirretas Susana García Blazquez Valérie Fischer Sergio Quijano Susana Laserna Gast Valery Salazar Cabanillas Seyed Shayan Boutorabi Susana Santos Carreras Vandita Tanwar Shahd Gawish Susanne Preiss Vanessa Kogan Roif Shahenda Abou Aly Svetlana Kolodiazhnaia Vanessa McKay Shashank Jain Svietlana Serheieva Vania Giacinta Farronato Shashidhar Kudari Sylwia Sidor Vardan Topchyan Hakob Sheethal Sudhakar Vedant Bhaiya Sheila Escot García Venkata Haresh Mandala Shelmith Theuri T Venkata Sai Praveen Yellapragada Shibanshu Mukhopadhyay Venkata Sushil Doddi Shigeharu Fujiwara Takumi Yoshikawa Verónica Behar López Shihoko Akagi Takushi Hirose Verónica Sofía Madera Arbaje Shihua Wu Tamara Díaz Bueso-Inchausti Veronica Vidal Gonzalez Shobhit Srivastava Tamuna Magularia Veronique Abadie Dubarry Shota Tottori Tarek Elwassimy Vesta Kia Shreya Kudari Tareq Elhomsi Vicente Tomás Bernat Shubha Suebsukhchareon Tareq Majdi Adnan Bushnaq Victor Hugo Loayza Icaza Shunsuke Yoshida Tatiana Diez Victor Manuel Jaramillo Gonzalez Silvana María Breton Pérez Tatiane Mendes Aranha Victor Ndukauba Ikemdinachi Silvana Maria Cortes Scholtz Taylee Lewis Victor Pino Cordini Silvio Diego Savoldi Taylor Klinefelter Victoria Barillas Rohrmann Simo Sirvio Otto Taylor Pond Victoria Elena Lopez Cangas Simone Brunner Zillikens Terrance Leung Victoria Francesca Cretton Simone Caterina Martina Orth Thalia Ximena Ruiz de Somocurcio Victoria Germaine Nadine Marie Henin Simone Chiadò Piat Vallebuona Victoria Maier Siti Syahwali Thandeka Ngqumeya Vidal Palacios Poveda Siwei Li Thea Cathrin Hellebostad Urke Vinayak Shyam Bazari Siyu Wu Thea Sanikidze Vincent Josef Herbert Ruehl Smita Kumar Thodoris Kanellopoulos Virginia Gaia Levi So Yeon Kim Thomas A. Ruiz Virginia Peña Hortal Sofia Alejandra Illsley Rangel Thomas August Maria Stenger Virginia Santos Navarro Sofia Blikstad Spilling Thomas Bley Visalakshi Ramiah Sofia Celasco Thomas Loste-Bordenave Vitor Silva Soares Sofía Civeira Marín Thomas Miller Vittorio Gallarini Sofía González Montes Timothy Higgins Vittorio Lapiana Sofía Isabella Martínez Guell Timour De Smedt Vugar Guliyev Sofia Margarita Cabral Rodriguez Tobias Damm Sofia Saca Bahaia Togzhan Kapenova Sofia Thys Rodriguez Tohru Matsumura W Sona Mária Gajdošová Tom Hakon Moller Sondre Tostrup Tom Wiedenhofer Walid Gharzuddine Sonia Borrell Barnosell Tomás Camilo Remigio Vintimilla Amorozo Wen E Chin Sonia Luz Llanos González Tomás Lucero Dominguez Wen Wen Sonia Tarrazi Tomás Ramon Zapata Wendi Niad Sourabh Pagaria Tomás Zamarriego Eyzaguirre William Ricardo Hopkins Acosta Srishti Roy Tomasz Czescik Częścik Wolf-Rüdiger Von Der Fecht Stanislas de Foucault Tomoko Shimazaki Wöllert Torsten Stefan Fuehrer Tosin Oshinowo Wytske Annemieke Veldmans Stefanie Trigoso Roman Tristan Joynt Stefano Comotti Turhan Irk Stéphane Bomy X Stéphane Pardini Stephen Snizek U Ximena Pulit Maria Steven Rogers Sukhdeep Singh Saini Umemura Hiroshi 86 Y

Yang Farhana Mohd Razif Yannick Jacobus Nicholas Marie Van Dam Yanxia Lyu

Yashika Singla ANNUAL REPORT 2020 Yasser Khan Yazid El Kasmi Yetunde Talabi Yoani Palmás Trillo Yoko Kojima Yosra Kok Yosuke Tamura Younes Zouhair Yousif Imad Mohammed Ali Al-Saffar Youssef Mekin Lufriu Youssef Walid Husseiny Ahmed Youssef, Hakim Abdel Nasser Yu Shun Leung Yu Wang Yue Niu Yulia Kim Zharikova Yumna Husam Eddin Mohammad Alif Yusuf Muzafarov

Z

Zahi Chamoun Zaki Alalweyat Zhibek Nurtaza Ziad Hisham Mitwally Ziad Serag Ashraf Zijing Xiong Zineb Benharbit Zulema Ayllón Valero

87 C/ María De Molina, 11, 13, 15 Tel: +34 915689600 www.ie.edu/ie-foundation [email protected]

IE Foundation is a proud member of:

Design: www.studioazola.com Talent Taking Care of Talent

www.ie.edu/ie-foundation