We are inspired by the long-standing commitment of Credit Suisse and its employees to strengthen the communities in which we live and work. Through a comprehensive range of volunteer support and funding, we are dedicated to building the capacity of nonprofit organizations. Our desire for a more inclusive future fuels our investment in education in support of Future Skills. Most of our commitments in the Americas are fulfilled by the Credit Suisse Americas Foundation and, in Brazil, by the Instituto Credit Suisse Hedging-Griffo where the needs of local communities are prioritized.
Commitments in the Americas
Corporate Citizenship programs in the Americas feature investments aligned with the bank's global efforts, with an emphasis on Future Skills and supporting our employees in service of local communities.
In the Americas, we support educational efforts that provide young people from disadvantaged backgrounds with skills necessary for a strong career start in order to live choice-filled, upwardly-mobile lives. College is the most sure path to do so, thus, we support groups that are enabling their students to graduate college at 3–4x the rate for what is typical for kids from the lowest income quartile. We also recognize that college is not the only route to upward mobility. Therefore, we are increasingly investing in initiatives that improve the pathways between education and employment, like apprenticeships, certifications, and two-year degrees.
We help employees lend their time and talents to the causes they care about and we work with our partner organizations to identify projects that address authentic needs in the community. For more than a decade, over 70% of employees in the Americas have volunteered or donated annually through Credit Suisse Corporate Citizenship programs.
Education is a driver of economic empowerment and social mobility. Financial education in particular teaches young people how to save and manage money and to think about basic business and entrepreneurship concepts. These skills are of key importance for young people around the world – especially girls and young women in low-income communities within developing countries who are at higher risk of being marginalized. The program aims to increase girls' awareness of their social and economic rights, and help girls build better futures for themselves through financial capabilities. In an effort to build further capacity for Financial Education partners, Credit Suisse employees volunteer their time and expertise through the Skills xChange virtual volunteering platform and Global Citizens Program.
Through the Financial Inclusion Initiative, Credit Suisse works with microfinance institutions to strengthen their ability to serve the increasingly diverse financial needs of clients living at the base of the income pyramid. In the Americas, projects include, the establishment of Accion's financial inclusion-focused venture capital fund, the Venture Lab, in Washington DC, as well as the design and execution of the Leadership and Diversity in Innovation Program for executives in the microfinance industry and beyond in partnership with Women's World Banking. In addition to financial support, Credit Suisse provides employee expertise and know-how through its internal Financial Inclusion Advocates Network, the Skills xChange and the Global Citizens Program.