HSBC believes that education is crucial to the development and prosperity of every country. It is the engine of economic development and a route to personal achievement and success. By investing in education, we seek to build the confidence and abilities of young people on whom, as customers or employees, our future business will depend.
| Future First is the 5-year flagship initiative of the HSBC Global Education Trust to provide education and life skills to street children, orphans and children-in-care around the world. So far, more than 300 projects have reached nearly 500,000 children in 86 countries and territories. In the Philippines, the Future First initiative offers support to local not-for-profit organizations working directly with underprivileged children as well as SOS Children's Villages.
For 2010 and 2011, Future First beneficiaries were:
SOS Children's Villages
1) Electronic Library Project
SOS Children's Village Bataan
Twelve computer units were purchased and installed in SOS Bataan, providing beneficiaries with a venue to develop and enhance their analytical and research skills.
2) Family Strengthening Program
SOS Children's Village Iloilo
Through its Family Strengthening Program and the HSBC grant, SOS Children's Village Iloilo has been able to continuously provide the children educational assistance with provisions for books, school supplies, and school fees for children in pre-school, elementary and high school. Vocational training and short term courses are also covered. 789 children are currently enrolled in school and are continuously provided with their educational needs through the program.
3) Educational Fund
SOS Children's Village Davao
Through the HSBC grant, SOS Davao was able to support 184 children with their tuition fees and other school obligations for school year 2010-2011.
SOS Children's Village Calbayog
Playbus is a mobile project vehicle for community services supporting needs in Calbayog City.
Childhope Asia Philippines
1) Outreach and Protection / Education On the Streets in Metro Manila
|The HSBC Young Entrepreneur Awards is a business plan writing competition designed to foster ingenuity and the entrepreneurial spirit among Filipino students. The competition began in Hong Kong in 2000, and since then has become a regional contest involving Hong Kong, Malaysia, the Philippines, Thailand, Vietnam, Bangladesh, and Brunei. This competition provides participants valuable opportunities to develop innovative business plans. A series of training sessions under the program allows students to acquire practical business knowledge by exposing them to some of the most successful and influential people in the business community.||
In 2007, HSBC launched the "Read With Me" program to raise the quality of education and student literacy in Pembo Elementary School. However, what started out as an effort to raise the reading proficiency of the students of Pembo has now become an evolving advocacy that fosters innovation and a testament to the commitment of HSBC's employees.
The program focuses on first-grade students, a crucial age group for developing literacy. Roughly 98 out of a hundred school-aged children in the Philippines enroll in Grade 1 but only 75 make it to Grade 4. It is imperative therefore to ignite a passion for reading and learning at this critical time. By regularly conducting reading sessions, volunteers help the children not only polish their reading ability but also equip them with effective comprehension skills.
HSBC empowers schools to excel. In 2005, HSBC donated five world-class children’s learning and resource centers to its adopted public elementary schools. These were called the HSBC READiscovery Centers. The centers acted as avenues for children to play, read and discover music. Each center had a library containing thousands of foreign and local book titles, a multimedia corner complete with computers, TV and DVD players, listening stations, as well as open activity areas to inspire creativity.
HSBC READiscovery also encouraged volunteers to spend one Saturday morning a month in the centers to act as library aides, assisting the librarians in library management, or facilitators for the children’s learning sessions.
For the past 5 years, HSBC has been partners with the Sa Aklat Sisikat (SAS) Foundation. This promotes the habit of reading among public elementary school students through a 31- day Reading Marathon or “Read-a-thon.”
For 2007, HSBC and SAS implemented the Read-a-thon in select public elementary schools in Taguig and Pateros, benefiting close to 10,000 students.