13 August 2020 – Standard Chartered has today announced further details 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 USD 50 million Covid-19 global charitable fund.
USD 2.5 million has been allocated to 49 local charities in 16 markets across the region, with USD 300,000 set aside for employees to nominate worthy causes as the forefront of the relief efforts to 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 Sweden, the Bank has donated USD 20,000 to Majblommans Riksförbund, a children’s poverty Swedish charity, to support its COVID-19 work. An additional USD 30,000 has also been donated to Stockholms Stadsmission. This charity helps families in poverty and local people who are homeless, unemployed and / or suffer from loneliness.
Sverre Hana, CEO, Sweden, 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 are all in this together.”
Tove Lindahl Greve, Secretary Generale, Majblomman, says: “Majblomman works to improve the life of children that grow up in poverty in Sweden. The COVID-19 crisis has made the situation these children are in more urgent and also risks increasing the number of children in poverty.
“Majblomman’s work has never been more important and we are so grateful for the generous support from Standard Chartered. Its donation will make a great and important impact for children that really need it.”
Commenting on donation, Susanna Nygård, Business Relations, Stockholms Stadsmission, says: “Stockholms Stadsmission is an idea-driven organization established in 1853. The activities are run for people in homelessness and addiction, children, young people, the elderly and migrants.”
”We are extremely grateful for such a generous gift addressed to Stockholms Stadsmission and such as one of our units Unga Station where we welcome children, young people and their families who live in vulnerability and who, due to the ongoing pandemic, have had it even tougher. For them and many others, the gift means an enormous amount and it will come as a great benefit.”
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For further information please contact:
Regional Head of Communications, Europe (Interim)
+44 (0)7880 296 947
Senior Communications Manager, Europe
+44 (0)7880 267 668
Notes to Editors
About Standard Chartered
We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.
Majblomman is a non-profit organisation with the mission to decrease the impact of child poverty in Sweden. Ten percent of children in Sweden grow up in families that cannot afford basic necessities such as rent, electricity, insurance and basic technology. These children can can apply to Majblomman for financial aid to cover costs such as after school activity fees, winter clothes or sports equipment. https://majblomman.se/
About Stockholms Stadsmission
Stockholms Stadsmission (Stockholm City Mission) is an idea-driven organization, independent of state, municipality and church, which cooperates with municipalities, county councils and other non-profit organizations. The organization was established in 1853 and the activities are conducted for people in homelessness and addiction, children, young people, the elderly and migrants. Stockholm City Mission also conducts school activities and social enterprises. The work is carried out by employed staff and volunteers. The business is funded with gifts from individual donors, companies, parishes, funds and foundations, state, municipal and county contributions, and social enterprise income. https://www.stadsmissionen.se/