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HSBC helping young people become financially literate

Category: Industry News, WORKPLACE, Support, programmes, commitment, entrepreneurship, managemet

HSBC helping young people become financially literate

HSBC has helped more than half a million young people to become financially literate and gain a better understanding of business thanks to a partnership with Junior Achievement.

The association, which began in 2008, has had such a positive impact that HSBC has decided to extend it until 2019. This academic year the bank will help Junior Achievement support young people in 29 countries through a range of education programmes.

Junior Achievement’s ‘JA More than Money’ programme helps 7- to 11-year-olds around the world to learn about money management, entrepreneurship and the skills necessary to succeed in the workplace.

Our commitment to education is about investing in the future of young people

HSBC also works with Junior Achievement to support local programmes. The not-for-profit organisation, for example, launched a new curriculum in the US in 2016, backed by a USD2 million grant from HSBC. The curriculum offers online lessons on global trade and business.

“Our commitment to education is about investing in the future of young people,” said Alison Coates, Senior Manager, Global Education and UK Community Investment, HSBC. “Through ‘JA More than Money’ and other programmes we can help young people to build confidence and open their eyes to the world of work.”

As well as providing financial support, more than 8,200 HSBC employees have volunteered their time since HSBC started supporting Junior Achievement. Employees spent 15,000 hours volunteering for the organisation in 2015 alone. In the US, HSBC employees’ support has been recognised with a number of President's Volunteer Service Awards, including a gold award in 2015.

HSBC’s work with Junior Achievement is one of many partnerships the bank has with non-governmental organisations and charities around the world. In 2015 HSBC donated USD205.4 million to community investment programmes, including grants made as part of the bank’s 150 anniversary celebrations. 

Skills for the future

The HSBC Education Programme focuses on three key areas: access to education, life skills and entrepreneurship, and language and cultural understanding.

More than 25,000 young people in the UK were helped into education, training or employment thanks to a community programme backed by HSBC in partnership with four specialist charities – Catch22, St Giles Trust, The Prince’s Trust, and Tomorrow’s People.

6,000 young people globally every year receive financial assistance with their education through an HSBC scholarship.

More than 50,000 children in the Middle East, North Africa and Asia have been taught to read as a result of the British Council’s Kids Read scheme, which HSBC supports.

10,000 UK primary school children learn Mandarin Chinese and study Chinese culture each year thanks to HSBC’s support for the British Council’s China programme.

Are you interested in a career at HSBC? Please click here. 

VERCIDA works with over one hundred clients who are committed to creating an inclusive work environment. If you are an employer and interested in working with VERCIDA to promote your diversity and inclusion initiatives and attract the best candidates, please call 02037405973 or email [email protected] for more information.

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VERCIDA works with over one hundred clients who are committed to creating an inclusive work environment. If you are an employer and interested in working with VERCIDA to promote your diversity and inclusion initiatives and attract the best candidates, please email [email protected] for more information.

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