HSBC’s USD150 million community fund

HSBC’s USD150 million community fund

HSBC’s USD150 million community fund

The FINANCIAL -- 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 USD150 million 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 USD150 million 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 USD150 million fund is in addition to the USD114 million HSBC makes available to community investment programmes globally each year, according to HSBC.

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.