Corporate Sustainability - Education | HSBC
HSBC views education as the key to opportunity. With opportunities for young people created through programs which help alleviate poverty and promote positive attitudes, we can make a real difference in communities where we have a presence.
Funding programs for disadvantaged children and youth helps inspire a learning path leading to a successful and more secure future. HSBC supports programs which help individuals develop financial and business literacy skills, while promoting environmental education and understanding. We concentrate our support by nurturing talent, instilling positive attitudes, and providing support for local solutions which meet local needs. The development of character, self-esteem, self-confidence, and achievement inside and outside of the classroom is critical for strong student engagement.
- 465,000 individuals have benefitted from HSBC-funded financial education projects in 2011
- 15,800 employees reached through Employee Financial Education program
- 6,700 people reached through Financial Education programs including workshops and other initiatives
- Currently 18 HSBC executives serve on local JA boards across the United States
"Through their support of iMentor, HSBC and its employees are helping students from low-income communities to graduate high school college-ready and succeed in college. The commitments that HSBC volunteers make to work one-on-one with students are paying off. These mentoring relationships are empowering students to improve their education and their lives."
Mike O'Brien, CEO, iMentor
Junior Achievement (JA)
HSBC has partnered with Junior Achievement (JA) since 1942 to present financial and economic education classes to underprivileged, inner city youth. Aiming to strengthen and prepare future generations, our employees volunteer to help thousands of students gain financial literacy skills. In the last five years, we have provided more than $3.1million in funding and our employees have taught nearly 7,800 JA classes to 150,000 U.S. students. Globally, we sponsor "JA More than Money®," a four-year initiative that has already reached over 170,000 third through fifth grade students in 34 countries.View the full Junior Achievement case study
Since 2003, HSBC's financial education platform has offered clear, unbiased financial information to consumers through the YourMoneyCounts website, consumer education booklets, financial education workshops and educator resources. YourMoneyCounts.com has experienced more than 5.9 million visits since 2003.View the full YourMoneyCounts case study
University at Buffalo
Funded by a $1 million endowment from HSBC, the School of Management's HSBC Center for Global Business Leadership supports initiatives that enhance the international business knowledge of both University of Buffalo students and the area business community. HSBC provides ongoing program funding and scholarships for MBA students, seminars for faculty and students, and a distinguished speaker series open to the business community. Since 2001, in addition to funding, we have also provided employee mentors and supervisors for students enrolled in the programs.
East Los Angeles College (ELAC) Foundation
The ELAC Foundation's Escalante Math Program serves 128 Los Angeles area high schools and middle schools. Escalante provides disadvantaged youth a demanding academic regimen of pre-college and college mathematics to facilitate admission into college. The East Los Angeles College Foundation(ELAC Foundation) publishes course workbooks for participants and the general public. With our help, 30 schools have offered Escalante on their campuses free of change, and the remaining schools charge a nominal fee for participation. Since 2009, we have given $60,000 to the ELAC Foundation. In 2011, HSBC was named "Philanthropist of the Year" by the ELAC Foundation.
Nontraditional Employment for Women (NEW)
Since 1978, New York-based Nontraditional Employment for Women (NEW) has provided free training programs to prepare women from low-income backgrounds for careers in skilled, unionized sectors traditionally dominated by men, including construction, plumbing, energy and facilities management. We were first introduced to the organization when NEW graduate Rochelle James was featured in the HSBC-sponsored PBS documentary, Your Life, Your Money. Our support helps NEW train 500 women annually through its core programs, as well as its latest program, ReNEW, which focuses training on careers in the burgeoning "green collar" sector. ReNEW participants learn environmental math, environmental literacy, building science and solar theory, as well as receiving health and safety training.
City Year New York
City Year is an education-focused, nonprofit that partners with public schools to provide full-time targeted intervention for students most at risk of dropping out. Across the United States, teams of corps member support students by focusing on attendance, behavior, and course performance in English and math. Through a two-year grant of $100,000 in late 2010, HSBC sponsors a team of City Year New York corps members at IS 204 in Long Island City, N.Y. who work with more than 690 middle school students. "I serve because I wanted to be a mentor to children who don't have that type of person in their life," said Daishell Cook, an HSBC City Year team member at IS 204. "To make a difference in a community and the schools is very inspiring." HSBC employees were inspired by City Year cops members during a "speed mentoring" event in March 2012. William Radin, Vice President of HSBC's AML Core Program, commented "I was very impressed with the passion, professionalism and credentials of all the City Year volunteers. These individuals have bright futures in challenging disciplines, ranging from work in the education field to careers in business, medicine, public service, and law enforcement."
Hispanic Scholarship Fund (HSF)
As the United States' leading Hispanic higher education fund, the Hispanic Scholarship Fund (HSF) works to address the barriers that keep many Latinos from earning a college degree. The HSBC-HSF Scholarship provides needed funds to students of Hispanic decent to attend college in the U.S. Since 2003, we have contributed $1.7 million towards a variety of programs, including scholarship support, town hall sessions to educate students and parents about college opportunities and financial aid, newsletters and event support. As a result of our latest grant, 60 students will have the opportunity to attend college and benefit from the mentorship of 30 of our employees.
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