Saturday, January 22, 2022

Standard Chartered delivers on its sustainability agenda

Standard Chartered Bank employees across the country joined hands with local communities during the month of September as they observed Employee Volunteering (EV) month as part of the bank’s sustainability agenda.

The listed bank has undertaken a commendable step to provide over 900 of its employees with 3 days of paid leave of which they are welcome to select a cause to support and volunteer for any activity of their choice.

Standard Chartered Group has an annual community investment target of 0.75 percent of the previous year’s operating profit and employee volunteering time counts as a non-cash investment, making up 15 percent of the Bank’s overall commitment.

The bank said it strongly believes that volunteering is a donation of employee ‘time’ to benefit the local community for charitable causes. Moatlhodi Lekaukau, the CEO of the bank explained that the benefits to the bank of having its employees volunteer their time include employee engagement, development of leadership skills, and building the brand profile and trust in communities. He added that “the Bank’s sustainability agenda is integral to the bank’s brand promise, “Here for Good”, which is a commitment to not only our customers and clients, but also our people and the communities where we do business.”

For the month of September the bank established a clear, tangible demonstration of its commitment to the communities. Standard Chartered employees demonstrated their personal commitment to volunteering and fundraising in support of the banks flagship community programs. For 30 days the bank lined up a number of exciting and impactful activities for its staff; that covered key pillars of Youth, Health, Education, and the Environment.

With over 17 Branches and more than 20 departments across the country, employees were seen passionately involved in Tree planting, garden cultivating, toy donations, clothes and blankets donations, office and computer equipment donations, stationary, books and study aids donation, financial literacy workshops, life-skills workshops, computer literacy training workshops, house and school library building initiatives etc.

The Management Committee of the bank led by example by hosting a financial literacy workshop with Women’s Finance House Botswana. Women’s Finance House Botswana (WFHB) is a non-governmental organisation on a mission to develop an efficient, cost effective and sustainable micro-finance institution to provide banking services to low income women in the country. The team led by the bank’s CEO trained the organisation’s officers on credit assessments, legal requirements for lending and alternative means to banking. This is part of the bank’s financial literacy program designed to deliver financial education through skills based volunteering.

“EV is central to the very essence of what Standard Chartered stands for. It’s one of the many great ways through which we as a bank deliver a positive impact on our community. Standard Chartered staff volunteering their time and skills helps them to be strong ambassadors for the Bank and exhibits the true spirit of the bank,” added Lekaukau.

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