Wednesday, August 10, 2022

Standard Chartered Palapye to build home for destitute family

As part of Standard Chartered Bank Corporate Social Responsibility, the bank’s Palapye Branch recently held a ground breaking ceremony for a house that they will be building for a needy Palapye family of 10.

The family stays in a single small mud hut.

The event was graced by the Member of Parliament for Palapye, Master Goya, Councillor Setlhare, Village Development Committee members, the community as well as members of staff.

Speaking at the event, Palapye Branch Manager, Sarah Moitoi, explained that at Standard Chartered Bank, sustainability is about doing business that enhances both the Bank’s performance and the economic success of the countries in which they operate, now and for the long-term.

She said sustainable business maximizes the positives and minimizes negative impacts on the environment, society and their stakeholders, be they customers, communities, employees, governments or regulators. She also took the opportunity to thank the members of the Palapye business community who contributed to this project.

Moitoi further noted that to create such longÔÇôterm value for their shareholders, Standard Chartered Bank addresses some of the critical issues that affect the communities where we live and work. She said the bank has a portfolio of global and local programmes that address some of the most pressing challenges facing disadvantaged populations.

Goya expressed gratitude for what the bank was doing and encouraged other institutions to follow in the footsteps of Standard Chartered, as this would go a long way in upgrading the lives of Batswana.

He told those present that what Standard Chartered was doing was in line with the Vision 2016 Pillar of being a Caring & Compassionate Nation.

Councilor Setlhare, who was giving a vote of thanks, echoed the same sentiments as the area MP and called for more members of the community to come forward and help the family in other areas of their needs.

Employee volunteering is at the heart of Standard Chartered Bank’s sustainability strategy.

In 2010, their staff spent 49,050 days of volunteering in their communities across the network, an increase of 315 percent on 2009. Also in the same year, their community investment increased by 24 percent to US $47.4million, representing 0.92 percent of their 2009 pre-tax operating profit.

This effort is contributory to the total man-hours that Standard Chartered Bank staff put into volunteering for projects in the communities where the bank operates.

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