HSBC partners with Indspire and Pathways to Education to deliver $1M in programs to support Indigenous students across Canada

 HSBC partners with Indspire and Pathways to Education to deliver $1M in  programs to support Indigenous students across Canada  VANCOUVER, June 20, 2014 /CNW/ - HSBC Bank Canada is joining forces with two  proven partners and substantially increasing its support for education  programs for Indigenous youth. Building on its existing scholarship programs  for Indigenous peoples, the bank's increased funding is resulting in a total  of $1m in new programs to be delivered by Indspire and Pathways to Education  Canada.  Specifically designed to enable more youth to successfully complete  high school and make the transition to post-secondary education, the new HSBC  programs are expected to assist nearly 500 youth in 2014 alone.  Consistent with its global commitment to education, HSBC Bank Canada is  contributing $300,000 over three years to Indspire to create the HSBC  Indigenous Business Award - with a federal government match bringing the total  investment to $600,000 - and $400,000 over three years to Pathways to  Education Canada to establish the Pathways HSBC Indigenous Educational  Attainment Fund.  These new programs directly address the challenge of access to education among  Indigenous youth: in 2011 less than 50 per cent of Indigenous youth in Canada  graduated from high school - compared to 80 per cent of non-Indigenous  Canadians; and while 27 per cent of non-Indigenous students go on to  university, only 10 per cent of Indigenous students will acquire a university  education. Research conducted by Indspire shows that lack of financial  resources is the number one barrier for Indigenous students in completing  their post-secondary education.  Paulo Maia, President and Chief Executive Officer, and Executive Sponsor of  HSBC's Indigenous Canadian Employee Resource Group, HSBC Bank Canada, said:  "HSBC currently offers six permanently endowed awards for Indigenous students  at colleges and universities across Canada — but we want to do more.   Through our commitment to Indspire and Pathways to Education Canada, we aim to  help Indigenous youth achieve their full potential, as well as provide  opportunities for our employees to connect with Indigenous communities."  The HSBC Indigenous Business Award will be granted to 188 Indigenous  undergraduate students studying business at post-secondary institutions across  Canada over the next three years.  Roberta Jamieson, President and CEO of Indspire, said: "We are thrilled that  HSBC is demonstrating their support of Indigenous education in Canada with  such a strong commitment to Indspire. This award will give many Indigenous  business students the financial support they need to complete their studies,  be well positioned for the job market, and contribute to Canada's economy."  The Pathways HSBC Indigenous Educational Attainment Fund will support the  delivery of the Pathways program tailored to Indigenous youth to more than 400  students per year. The program will work alongside local school systems,  providing after-school tutoring, mentoring and financial assistance to address  the barriers that can stand in the way of high school graduation; and  employees of HSBC will work directly with students at mentorship and career  planning events.  Vivian Prokop, President and CEO of Pathways to Education Canada, said:  "HSBC's commitment to making a real and lasting difference in the lives of  Indigenous youth is truly a long-term investment in building communities. This  program recognizes the unique challenges our students face and provides the  skills that youth need to succeed both in and out of the classroom."  Earlier this year, HSBC Bank Canada launched an Indigenous Canadian Employee  Resource Group to raise awareness and support Indigenous employees and  programs.  Added Maia: "The launch of the Indigenous Canadian Employee Resource Group is  a significant milestone for HSBC. Our vision is to embed diversity into every  aspect of our culture by establishing a workplace free of conscious or  unconscious bias, where all employees have an equal opportunity to succeed  based on their unique skills and accomplishments."  HSBC's employee resource groups facilitate open discussion of workplace  issues, provide a learning forum, and foster an environment that supports  diversity and inclusion. The eight employee resource groups at HSBC include:  the Asia Pacific Islanders Committee, the Hispanic Latin Diversity Committee,  the Indigenous Canadian Employee Resource Group, the Pride Network, the People  with DisAbilities Committee, the South Asian Network for Diversity and  Inclusion, the Women's Network, and Y-Knot.  Notes to editors:          1. Photo will be available Friday afternoon PST on June 20 via CNW          newswire.       2. About HSBC Bank Canada          HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the          leading international bank in Canada. The HSBC Group serves          customers worldwide from over 6,300 offices in over 75 countries          and territories in Europe, Asia, North and Latin America, and the          Middle East and North Africa. With assets of US$2,758bn at 31          March 2014, HSBC is one of the world's largest banking and          financial services organizations.       3. About Indspire          Indspire is an Indigenous-led registered charity that invests in          the education of Indigenous people for the long term benefit of          these individuals, their families and communities, and Canada.          With the support of its funding partners, Indspire disburses          financial awards, delivers programs, and shares resources with the          goal of closing the gap in Indigenous education. Through the          Indspire Institute, it conducts research and provides support for          community-driven solutions to improve kindergarten to grade 12          success for Indigenous youth. Since its inception in 1985,          Indspire has disbursed over $65 million through more than 20,000          scholarships and bursaries to Indigenous students, making it the          largest funder of Indigenous education outside the federal          government. Each year, the charity presents the Indspire Awards, a          gala celebration of the successes achieved by Indigenous people          that is broadcast nationally. For more information, please visit          indspire.ca.       4. About Pathways to Education Canada          Pathways to Education Canada is a charitable organization that          helps youth in low-income communities graduate high school and          successfully transition into post-secondary education or training.          Pathways addresses systemic barriers to education by providing          leadership, expertise and a community-based program proven to          lower dropout rates. Founded in 2001, Pathways operates in 16          communities across Canada, with programs in Ontario, Quebec, Nova          Scotia and Manitoba. Pathways was recently recognized with a 2013          World Innovation Summit for Education award (WISE) from the Qatar          Foundation for its innovative and effective work in education.    SOURCE  HSBC Bank Canada  Media enquiries to:  Sharon Wilks416-868-3878   Aurora  Bonin604-641-1905  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/June2014/20/c8138.html  CO: HSBC Bank Canada ST: British Columbia NI: FIN  
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