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 
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
      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
      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 
Image with caption: "From left: Vivian Prokop, President and CEO, Pathways to 
Education; Paulo Maia, President and CEO and Executive Sponsor of HSBC's 
Indigenous Canadian Employee Resource Group, HSBC Bank Canada; Jean Teillet, 
Vice Chair (Board of Directors), Indspire Canada. Photo credit: Patricia Sayer 
(CNW Group/HSBC Bank Canada)". Image available at: 
To view this news release in HTML formatting, please use the following URL: 
CO: HSBC Bank Canada
ST: British Columbia
-0- Jun/20/2014 19:59 GMT
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