Standard Chartered has announced further details today on how the Bank is providing both short-term relief, and longer-term assistance, to communities across its European and American markets via the Bank’s recently launched $50 million Covid-19 global charitable fund[iii].
$2.5 million has been allocated to over 40 local charities, in 16 markets across the region, with $300,000 set aside for employees to nominate worthy causes at the forefront of the relief efforts, which will receive a share across Europe and America.
This approach has enabled the Bank to get money out quickly, where it is needed most in the countries we operate in.
In France, the Bank will donate €88,000 to Fondation de France to help healthcare workers, to finance research projects and to support local social professionals and charities working with the most vulnerable. A further €44,000 has been donated to Institut Pasteur, which is leading research and public health initiatives related to the Covid-19 pandemic. Additionally, around 780 masks were donated to the Marie Curie Hospital at the start of the pandemic, at a time they were needed most.
Standard Chartered in France also serves Italy and the Iberian Peninsula; as a result, the Bank has made a €26,000 donation to Fondazione Comunitaria del Lecchese in Italy, a charity that launched an initiative called “Aiutiamoci” (“Help each other”) dedicated to the Covid-19 emergency. Donations will help local hospitals and entities who are in the frontline to respond to the COVID-19 emergency by buying essential equipment for staff, patients, and those who are in need.
In Spain, a €26,000 donation has been made to Cáritas Española, who launched the “Cáritas ante el Coronavirus” campaign, which assists the elderly, the homeless and vulnerable families.
Caroline Eber-Ittel, Country Head, France, Standard Chartered Bank, says: “We are committed to supporting not only our clients, but also the communities within which we live. It is at the heart of our promise to be Here for good. We are very proud to make this donation and play our part in the fight against coronavirus; we’re all in this together.”