Standard Chartered 'Ride for Sight' to Raise $100,000 to Combat Avoidable Blindness

New York, 1 July, 2013

More than 40 Standard Chartered employees representing 22 nationalities are taking part in the 2013 ‘Ride for Sight' from Boston to New York with a goal of raising $100,000 for Seeing is Believing, Standard Chartered's global initiative to help tackle avoidable blindness. The 260-mile bike ride will take place over three days from June 30 to July 2. All funds raised by the cyclists will be matched by the bank.

The Boston-New York ride is one of seven planned by Standard Chartered employees worldwide in 2013. Together these events are targeting $2 million in funds raised for Seeing is Believing, part of the bank's goal to raise $100 million for the initiative by 2020.

Currently there are 39 million blind people worldwide, a figure that without intervention is expected to grow to 76 million by 2020. More than 90% of those affected are in the developing world and deprived urban areas. The issue goes beyond health, affecting the livelihoods of individuals and the economic well-being of communities. But 80% of blindness can be prevented or treated. For more information about the initiative, please visit the Seeing is Believing web site.

"Blindness and low vision affect more than 200 million people worldwide", said Julio Rojas, CEO of Standard Chartered in the Americas. "Now we can do something about it and we are doing something about it. Thanks to our courageous and generous staff, this fundraising event will change the lives of many people who need our help."

For further information please contact:
Julie M. Gibson
Head of Business & Corporate Communications, Americas
+1 646.845.1114
+1 917.209.5872
Julie.gibson@sc.com

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