As the world grows ever more connected, access to financial tools has expanded dramatically. Today, 79% of adults worldwide have a bank account, an increase from 51% in 2011. This is a remarkable gain.
When former New York City mayor Michael Bloomberg announced in March that he would not be running for U.S. president, at least one person may have been quietly cheering: Bank of England governor Mark Carney. In his role as chair of the Financial Stability Board, Carney had tapped the billionaire businessman in December to head up the FSB’s newly created Task Force on Climate-Related Financial Disclosures — a position Bloomberg would likely have had to relinquish given the rigors of a presidential campaign.
In the most complete annual analysis of corporate societal engagement, CECP, in association with The Conference Board, found in their annual Giving in Numbers survey that companies actively changed the structure of their business to capitalize on the clear-cut competitive advantage of societal investment. Companies in the survey expanded six business-boosting strategies.
Community-based organizations can better help lower income people find work and achieve greater financial stability by “bundling” key services, including employment, financial coaching, and improved access to public benefits.
Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, announced today it will commit to the Clean Energy Ministerial (CEM) Advanced Cooling Challenge (ACC).
Finland-based e-commerce network Tapp Commerce Oy has joined the Business Call to Action (BCtA), with a commitment to integrate 500,000+ micro-entrepreneurs into its value chain and provide 10 million low-income consumers with access to mobile payments for services such as water, electricity and insurance by 2018.
JPMorgan Chase & Co. today announced $4 million to expand young people’s access to economic opportunity in Detroit. Building on the firm’s $100 million commitment to Detroit’s economic recovery, this three-year grant is designed to increase dramatically the number of young people graduating from the city’s high schools with opportunities to secure well-paying, high-demand jobs. JPMorgan Chase joins the Skillman Foundation, the Ford Foundation and the Ford Motor Company Fund in this initiative to connect 10,000 Detroit high school students to career education and work experiences over the next three years.
CITGO Petroleum Corporation and the Muscular Dystrophy Association (MDA) are celebrating a 30-year partnership that has raised nearly $200 million for the nonprofit health organization since the two began working together in January 1986. As MDA’s largest corporate sponsor, CITGO and its employees, along with its network of locally-owned Marketers and Retailers, will celebrate this milestone all year long through fundraisers and various community and employee events.
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Highlighting the top news, commentary, and research for the week coming from SHQ. The highlights newsletter also spotlights one profiled organization...
