Standard Chartered’s partners donate fees to charity
The leading international bank aims to raise USD1 million for Seeing is Believing
Partner brokers for Standard Chartered’s Financial Markets business will donate today’s trading fees to Seeing is Believing, a global initiative aimed at tackling avoidable blindness.
Hanoi, 19 April 2012 – Partner brokers for Standard Chartered’s Financial Markets business will donate today’s trading fees to Seeing is Believing, a global initiative aimed at tackling avoidable blindness. Standard Chartered aims to raise in excess of USD500,000 through its Broker Day initiative and will match all donations, dollar for dollar aiming to reach a target of USD1 million.
Last year’s Broker Day raised USD1.2 million including Standard Chartered’s matching. Since its launch in 2009, Broker Day has raised enough to fully fund two three-year projects to provide surgical training to doctors, equip new eye-care wards and build community eye care clinics in communities which lack access to eye-care.
Richard Meddings, Group Finance Director at Standard Chartered and Chairman of Seeing is Believing said, “Thank you to all our partners who donated their fees today. All donations will go directly to delivering eye care projects in underprivileged communities and will make a real difference to so many people. Through simple treatments and affordable surgeries, we can enable people to get back in to school or work, improving not just their own lives but the lives of their families.”
Since 2003, Standard Chartered has raised USD45 million for Seeing is Believing helping more than 28 million people by providing sight tests, eye glasses, treatments or surgery. The Bank is committed to raise a further USD55 million for the programme by 2020 and will continue to match every donation until the target is met.
The majority of avoidable blindness – 90 per cent of cases – occurs in the developing world affecting economic productivity in communities where the Bank operates. Providing eye-care, treatment and surgeries for affected populations enables individuals to regain their sight and, as a result, are able to work or study or better care for their families. As one of the most cost-effective health interventions (cataract operations cost on average USD30), tackling avoidable blindness was identified as an issue which Standard Chartered could make a clear impact.