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HSBC Backs Social Innovators

ocial enterprises that provide sustainable jobs in US coal-mining communities. Hands-on training that teaches people in South Africa to make useful products out of waste. A digital platform that’s helping domestic workers in Mexico gain access to the financial system.

These are some of the pioneering initiatives selected as winners of the inaugural HSBC Future Skills Innovation Challenge – a competition to recognise social enterprises that are helping people develop the skills needed to get a job, manage their money and build a successful future.

HSBC has launched the competition in partnership with Ashoka, a global network for social entrepreneurs. The 12 chosen initiatives will receive prizes of up to USD25,000 each to help grow their projects, as well as support and mentoring from leaders at the bank and Ashoka.

Daniel Klier, Global Head of Sustainable Finance, HSBC, said: “Developing the right skills will be even more important as the world emerges from the coronavirus pandemic and encourages sustainable economic growth.

“It has been great to be involved as a judge with the HSBC Future Skills Innovation Challenge, and see first-hand how our 12 winning social entrepreneurs are helping people develop key skills and shape the economy of tomorrow.”

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