Corporate Social Investment (CSI) is not an ad hoc philanthropic gesture at RMB. As a division of the FirstRand Foundation, our aligned intention is to contribute to a strengthened economy and a better country for all through sustainable education and skills development.
The RMB Fund, our CSI vehicle, focuses on:
At 1% Net Profit After Tax, Corporate Social Investment should never be heralded as the main activity or accomplishment of big business. But its CSI presents opportunities to support programmes and projects that will change lives for the better, building stronger, more cohesive communities that enable people to achieve their full potential and create lasting change.
In 2015/16, the RMB Fund invested ZAR43-million towards the Creative Arts and the Environment Programmes. The Fund extended its contribution in 2016, by committing an additional ZAR10-m (in response to the student crisis) towards the Ikusasa Student Financial Aid Programme (ISFAP). The ISFAP is a student funding model between government and the private sector to support poor and ‘missing middle’ tertiary education students. The Fund also allocated ZAR10-m towards top performing, final year students in need, so they could graduate and join the formal economy.
The World Economic Forum (WEF) declared climate change as the risk with the greatest potential impact in 2016. This is the first time since the report was published in 2006, that an environmental risk has topped the ranking over weapons of mass destruction (2nd), water crises (3rd), large-scale involuntary migration (4th) and severe energy price shocks (5th).
Environmental risks affect us all. We need to collaborate with partners and stakeholders to understand the role our environment plays in our survival, and what we can do to conserve and protect it.
The RMB Fund aligns with government’s Green Economy approach. Our goals are to facilitate the rehabilitation and restoration of ecosystems through shared partnerships, education and training, and to improve environmental practices in South African communities.
The RMB Fund promotes access to quality arts in education to enable more young people, regardless of their physical or socio-economic disadvantages, access to the learning opportunities offered through the creative arts. This extends to the disciplines of music, dance, drama, heritage and visual art to enable young artists to participate effectively in the creative economy.
The creative economy has the potential to be a leading sector in generating economic growth, employment and trade. By investing in our young artists, we hope to enable them to reach international levels of excellence in their chosen fields and enjoy participation in a vibrant economy.
The Queen also inspires RMBers to get involved in charity work and raise funds for the underprivileged, the aged and animals in distress under the auspices of the RMB Hug Fund. The programme is administered on behalf of the Queen by Anneke with a rather simple philosophy and strategy: Give Stuff and Get Stuff Done for People Who Need Help to Get Stuff Done.
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