27 January 2017

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.

Read more about HSBC’s contributions to community projects