Hong Kong – Over the last two years, Citi and the Citi Foundation's Pathways to Progress Youth employment program has invested over US$24.5 million in supporting 49 youth employment organizations across the region which are supporting over 111,000 youth. In addition, Citi has also hired more than 5,500 youth across the region as part of its commitment to hire 6,000 by 2023. Close to 75,000 youth have also taken part in virtual banking skill experience courses run by Citi.
Citi Asia Pacific and the Citi Foundation announced in September 2020 a collective commitment of US$35 million in philanthropic investments to advance economic opportunities and employability for youth from low-income and underserved communities in the region by 2023. In addition, the bank pledged to offer 6,000 jobs and 60,000 job skills training opportunities for young people at Citi Asia over three years.
The regional commitments are part of Citi and the Citi Foundation's expanded global Pathways to Progress initiative. This initiative is designed to equip young people with the skills and confidence to improve their employment and entrepreneurship opportunities and make a positive impact in their lives and their communities in rapidly changing economies.
Over the last two years, Pathways to Progress also engaged more than 1,300 Citi employee volunteers across the region, who lent their time and talent to serve as mentors, coaches and role models to many young people.
"The expanded Pathways to Progress initiative delivers critical support and training to young people, significantly improving their employment prospects. Youth are key to Asia Pacific's COVID-19 recovery and to inclusive growth across the region," said Peter Babej, Citi's Asia Pacific CEO. Peter is a member of Citi's Executive Management Team and on the Board of the Citi Foundation.
On its employment and training, Citi has committed to over the next three years to offer 6,000 jobs and 60,000 skills training opportunities across Citi's retail and institutional businesses in Asia Pacific through its summer internship program, full-time analyst and associate roles, on-campus programs and opportunities with Citi® University Partnerships in Innovation & Discovery (CUPID) Program.
The CUPID program engages diverse students on a range of innovation projects across the company. To provide students the opportunity to experience banking despite the pandemic, Citi Asia Pacific launched a first-of-its-kind Virtual Reality Intern Experience program, open for enrolment to students around the world.
The program offers 'lifelike' on-the-job tasks and skills training relevant to an analyst role across three different businesses at Citi—Banking, Capital Markets and Advisory (BCMA), Markets and Securities Services, and Consumer Banking.
The Citi Foundation's grant investments across Asia Pacific are focused on programs that serve low-income and underserved communities who have been disproportionately impacted by COVID-19, including young women at risk, migrant youth, minorities and youth with disabilities.
In addition, Pathways to Progress programming on youth leadership and innovation will be strengthened, to recognize the role youth can play in enabling progress and finding solutions for the most pressing challenges faced by society.
In Asia Pacific, examples of Pathways to Progress programming funded in the last 12 months include:
Since 1999, the Citi Foundation, has been actively engaged across Asia Pacific, investing over $280 million in grant funds. In Pathways to Progress: Insights from Six Years of Programming, the Citi Foundation summarizes the learnings and insights gathered that have helped inform the programming and evolution of this initiative.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant communities. The Citi Foundation's "More than Philanthropy" approach deploys the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation.
James Griffiths firstname.lastname@example.org 2868 7668