Saturday, August 23, 2014

CSR Audit - JPMorgan Chase & Co. Philippines

As I was reviewing my short presentation for the CSR Audit I made for my company, I am happy to realize that my Company is able to contribute a lot to the society. At the moment we have tie ups with several non profit institutions. Below is an excerpt from the CSR audit paper I made to highlight the existing CSR programs we have:

Good Works - The CSR Program

JPMorgan Chase in the Philippines has been actively engaged in doing good works in targeted communities partnering with different non-profit organizations locally for community development, education, culture and arts. Its social initiatives locally ranges from providing literacy programs for underprivileged children to improving health and nutrition habits in children and adults, and training local residents to become entrepreneurs.

JPMorgan Chase Philippines is also a founding donor to The Mind Museum, which provides grants for the construction of the. Partnering with Ayala Foundation, the Firm also works to improve the public school system by providing teacher-training programs under the Center for Excellence in Public Elementary Education (CENTEX) schools.

JPMorgan Chase Philippines has also partnered with World Vision. At present, some 500 children are benefiting from the Firm’s community development program in Baseco, Tondo by providing these children access to education, health and nutrition as well as livelihood projects for the families.

The Firm has also engaged with ABS-CBN Bayan Academy for “Entrep-Eskwela,” a social entrepreneurship education program that includes training programs for grassroots entrepreneurship and management. A unique feature of the program involves JPMorgan Chase employees mentoring community residents on growing their livelihood projects to become real enterprises. JPMorgan Chase also has an active participation on Gawad Kalinga’s projects. On several occasions JPMorgan Chase employees get invitations to participate on GK’s community building projects on several locations within and around Metro Manila.

Apart from these tie-ups and partnerships with non-profit organizations, JPMorgan Chase Philippines also initiates its own CSR programs. Regular CSR programs include:
a.     Book drive
b.     Back to school program
c.      Sole for souls
d.     Donation drive and fund raising for calamity victims.
e.     Tree planting


Book drive and back to school programs are usually initiated before school year starts. The committee solicits used text books and school supplies to be given to underprivileged school children and assist them on their basic need to start the school year. Sole for souls is a program which intends to provide slippers, a basic foot ware, to the needy children on remote areas of the country. Lastly, tree planting activities are done once in a while in selected areas to address environmental concerns. To further promote the CSR program of the Firm, a committee is being maintained to drive the different advocacies. Employees are asked to regularly update their profile on the web portal which asks them to indicate their areas of interest, schedule and availability to see which activities they can fit in and contribute to. Participation on the different activities is voluntary.

Though we are actively performing CSR activities along with other organizations, I believe we can still do better by having our own program which will have more impact to the society by making them more self sufficient and improve their living. This can be done by giving them livelihood programs. We can adopt a number of baranggays around the site and each department can be in charge of one baranggay. Another improvement that our Company can consider is taking better care of the environment. Free drinks and coffee are given to employees and we have vendo machines on every floor of the building. Vendo machines make use of paper cups. I thought of why not make use of reusable tumblers instead? We can ask employees to bring their own tumblers and this will reduce the amount of garbage produced. At the same time, trees can be saved. This is a very simple initiative yet, would impact the environment a lot.

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