HSBC is marking its 150th anniversary by making additional donations to community investment programmes
HSBC is donating an additional USD150 million to charities and community projects to thank customers, shareholders and employees for their support as it marks 150 years in business.
The fund will benefit more than 140 community projects and local charities worldwide over the three-year period from 2015-17. The USD150 million donation supplements HSBC’s existing contributions to community investment programmes.
The fund will benefit more than 140 community projects and local charities worldwide over the three-year period from 2015-17
Last year HSBC invited its employees to vote on the kind of projects they wanted the new fund to support. More than 50,000 took part. They decided to prioritise projects relating to children and education, medical welfare and research, and the environment and wildlife.
Douglas Flint, Group Chairman, HSBC, 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.”
HSBC was founded in Hong Kong in 1865 and has grown to become one of the world’s largest financial institutions. In 2014, it donated USD113.9 million to charities and non-profit organisations through initiatives including the HSBC Water Programme and the HSBC Education Programme. Employees volunteered for 303,922 hours during work time to support these and other community projects.
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