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HSBC Commits Additional US$15m to Change the Future of 250,000
Disadvantaged Young People - US$155k Donated to an Armenian Charity
arminfo
Saturday, January 19, 13:29
HSBC has pledged US$15 million of additional funding to Future First,
the Group's flagship global education programme that aims to tackle
child poverty and youth unemployment through access to education. The
additional investment will support more than 50 projects in 26
countries - taking HSBC's
total commitment to US$40 million over ten years (2006-2016).
The press service of the Bank reports that out of US$15m additional
funding, in 2012 US$155 thousand has been allocated to "Children of
Armenia Fund" (hereafter COAF) to help 1200 disadvantaged young people
in Armavir region and provide them with the skills they need to secure
work and careers for fulfilling their future. COAF has been working in
rural areas of Armenia to implement infrastructure and education
projects with focus on schools since 2000. In 2012, apart from the
cash donations, HSBC Armenia participated in other infrastructure and
education projects implemented by COAF in rural schools. The bank
continuously donates PCs - for the Creativity Labs and classrooms of
village schools renovated by COAF in Armavir region (Qarakert,
Lernagog).
In scope of "Future First" regular program another US$35 thousand was
granted to "Orran" benevolent NGO to implement vocational and
lifeskills trainings for 70 underprivileged children from Yerevan in
2013.
"I am happy and proud that due to HSBC's presence in Armenia, every
year, we are able to help more Armenian children. Our aim is to
create better education opportunities for the children who lack them",
- HSBC Bank Armenia Chief Executive Officer Thies Clemenz said.
Douglas Flint, HSBC Group Chairman, said: "HSBC believes that
education is one of the most powerful tools to reduce poverty and
inequality. Because of the charities we partner with, Future First
makes a real difference to young people's hopes, dreams and
ambitions."
HSBC has been involved in community projects throughout its history.
Helping young people reach their potential is the primary focus of the
Group's community investment activities. Globally, HSBC invests US$50
million every year in education projects that help young people to
gain access to education; develop life- skills and entrepreneurship,
and develop international and cultural understanding. HSBC has
donated over AMD143 million to 6 education charities since the launch
of Future First in Armenia in 2007, having reached more than 3700
children.
Disadvantaged Young People - US$155k Donated to an Armenian Charity
arminfo
Saturday, January 19, 13:29
HSBC has pledged US$15 million of additional funding to Future First,
the Group's flagship global education programme that aims to tackle
child poverty and youth unemployment through access to education. The
additional investment will support more than 50 projects in 26
countries - taking HSBC's
total commitment to US$40 million over ten years (2006-2016).
The press service of the Bank reports that out of US$15m additional
funding, in 2012 US$155 thousand has been allocated to "Children of
Armenia Fund" (hereafter COAF) to help 1200 disadvantaged young people
in Armavir region and provide them with the skills they need to secure
work and careers for fulfilling their future. COAF has been working in
rural areas of Armenia to implement infrastructure and education
projects with focus on schools since 2000. In 2012, apart from the
cash donations, HSBC Armenia participated in other infrastructure and
education projects implemented by COAF in rural schools. The bank
continuously donates PCs - for the Creativity Labs and classrooms of
village schools renovated by COAF in Armavir region (Qarakert,
Lernagog).
In scope of "Future First" regular program another US$35 thousand was
granted to "Orran" benevolent NGO to implement vocational and
lifeskills trainings for 70 underprivileged children from Yerevan in
2013.
"I am happy and proud that due to HSBC's presence in Armenia, every
year, we are able to help more Armenian children. Our aim is to
create better education opportunities for the children who lack them",
- HSBC Bank Armenia Chief Executive Officer Thies Clemenz said.
Douglas Flint, HSBC Group Chairman, said: "HSBC believes that
education is one of the most powerful tools to reduce poverty and
inequality. Because of the charities we partner with, Future First
makes a real difference to young people's hopes, dreams and
ambitions."
HSBC has been involved in community projects throughout its history.
Helping young people reach their potential is the primary focus of the
Group's community investment activities. Globally, HSBC invests US$50
million every year in education projects that help young people to
gain access to education; develop life- skills and entrepreneurship,
and develop international and cultural understanding. HSBC has
donated over AMD143 million to 6 education charities since the launch
of Future First in Armenia in 2007, having reached more than 3700
children.