HSBC’s US$150m Community Fund
16 July 2015 - 11:45PM
Business Wire
2015 marks the 150th anniversary of the founding of HSBC.
HSBC has depended on the support of its customers, shareholders
and employees throughout its history. To mark the 150th anniversary
HSBC wants to say ‘thank you’, by making a US$150m fund available
to community projects and local charities over three years
(2015-2017).
More than 50,000 HSBC employees voted on charitable themes in
2014. There were three clear winners: young people and their
education; medical welfare and research; and the environment and
wildlife.
HSBC’s regional management teams have carefully selected over
140 charities worldwide to benefit from the funding. Each
organisation will provide a positive and sustainable change in
their area of focus. The selection of charities is based on
employee votes by region.
HSBC Group Chairman Douglas Flint said "We are delighted to mark
our 150th anniversary with this additional US$150m community fund.
As a business, we believe that education, medical welfare and
resources such as safe water and sanitation are essential to
resilient communities which are, in turn, the basis of thriving
economies and businesses."
The US$150m fund is in addition to the US$114 million HSBC makes
available to community investment programmes globally each
year.
HSBC has a long standing commitment towards education and the
environment. As part of this commitment HSBC provides financial
contributions to community projects, and thousands of employees
across the world get involved by volunteering their time and
sharing their skills.
HSBC has partnerships with some of the world’s leading
charities, both large and small. A number of these have been in
place for more than a decade enabling for long-term programmes
which can result in real and sustainable change. For example, work
with WWF to protect the Yangtze River basin began in 2002 and more
than 900,000 young people have benefitted from the work of over 700
projects in 62 countries through HSBC’s partnership with SOS
Children’s Village.
Notes to editors:
The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The Group serves customers worldwide from
over 6,100 offices in 73 countries and territories in Asia, Europe,
North and Latin America, and the Middle East and North Africa. With
assets of US$2,670bn at 31 March 2015, HSBC is one of the world’s
largest banking and financial services organisations.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150716005835/en/
HSBCMedia
Inquiries:Rob Sherman,
212-525-6901robert.a.sherman@us.hsbc.com
HSBC (NYSE:HSBC)
Historical Stock Chart
From Apr 2024 to May 2024
HSBC (NYSE:HSBC)
Historical Stock Chart
From May 2023 to May 2024