Schroders raises over £4 million for Covid-19 relief
Schroders is today proud to announce that it has raised £4.3 million for the most vulnerable people affected by the Coronavirus pandemic.
Schroders is today proud to announce that it has raised £4.3 million for the most vulnerable people affected by the Coronavirus pandemic.
In April 2020 Schroders’ Giving launched its charitable response to Covid-19 by asking our colleagues globally to unite in a #CollectiveAction campaign to support the local communities in which we operate.
Over the past four months this employee-led initiative has provided support to 93 charities across 90 countries worldwide that offer food, medical aid and essentials to members of our societies who are most at risk from the pandemic, as well as providing help to those who are on the frontlines.
As part of the #CollectiveAction scheme Schroders’ Directors donated 25% of their pay for three months and executive directors also contributed a portion of their variable pay. All employees were given the opportunity to donate up to 25% of their salary for three months - which would subsequently be matched by Schroders.
Following on from our #CollectiveAction campaign Schroders will be launching a similar global charity initiative, giving employees the chance influence which charities are chosen under two categories; ‘people’ and ‘planet.’
We want to continue to empower our people to play a role in supporting their local communities and help drive forward positive and lasting change now, and in the post-pandemic world.
Schroders Group Chief Executive, Peter Harrison, commented:
“It’s during challenging times that we really come to appreciate the virtue of our communities. Whilst our charitable response to the virus was global, it was important to us that it was implemented locally. We wanted to support causes that are working on the ground in each of our office locations and involve our colleagues in the decision making process of which local charities we should support.
“I’m extremely proud of the generosity and kindness of Schroders’ employees - a true reflection of our culture, which is all about doing the right thing by the companies we invest in, our various regulators, by governments and by our employees globally.
“We have been determined to make Schroders a rock of stability that our employees can count on, which is why we have not furloughed employees or accepted any government aid.
“We also recognise the importance of using our strength to help those in more difficult circumstances. We are very grateful to the charities and individuals who have been working hard to help our communities on the frontlines, and remain committed to providing support as we navigate the post-lockdown world.”
Find out more about the impact Schroders’ #CollectiveAction has had on charities around the world; click here.
The views and opinions contained herein are those of Schroders' investment teams and/or Economics Group, and do not necessarily represent Schroder Investment Management North America Inc.'s house views. These views are subject to change. This information is intended to be for information purposes only and it is not intended as promotional material in any respect.