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You are here: Home > All About Absa > All About Absa > About the Absa Group > CSI
Corporate Social Investment at Absa
Absa's mission is to be the leading practitioner and thought leader in corporate social investment as informed by global trends, and build strength & capabilities through collaborative partnerships.
All about Absa » About the Absa Group » Corporate Social Investment
About the Absa Group
Corporate Social Investment

Corporate Social Investment

Caring for our communities.

 
Contact Us
Email csi@absa.co.za
Absa CSI Accolades
» Absa received the 2008 Corporate Social Investment Leadership Award at the Sunday Times Top 100 Companies Awards.
» Absa was ranked first as the company with a strong employee involvement in community development.
» Absa maintained its pre-eminence as the leading CSI contributor to development in the financial service sector.
» Absa was nominated second as the most frequently nominated grantmaker over a seven-year period (2001 – 2007).
» Absa was ranked second as having the most hands-on approach to community development after Telkom.
»

Absa was the most widely recognised grant-maker in the CSI industry after Anglo American for the past four years.

* Source: The CSI Handbook, Trialogue

Absa Group Downloads
2007 CSI Report (Section 1)
2007 CSI Report (Section 2)
2007 CSI Report (Section 3)
2007 CSI Report (Section 4)
2007 CSI Report (Section 5)
CSI by Absa BEE CSI Sponsorship Attractions
Our Mission
To be the leading practitioner and thought leader in corporate social investment as informed by global trends, and build strength & capabilities through collaborative partnerships.
At Absa, caring for our communities is as important to us as being great bankers. In fact, we see the two as being interlinked. We believe that through caring for our neighbours, we develop a better appreciation for people and, in so doing, we are better able to understand and serve our customers.

However, Absa recognises that social giving is not enough in its own right: for corporate social investment (CSI) to be truly effective and make an ongoing and meaningful difference to the lives of underprivileged people and to the overall economic wellbeing of the country, it needs to be well-managed and underpinned by the driving principle of sustainability. For this reason, the company adopts an integrated sustainability approach that encompasses all the Group’s stakeholders (hyperlink to stakeholders page). This approach ensures the effective and balanced management of the company’s economic, social and environmental relationships.

Our strategic goals, government’s national development imperatives and with the United Nations Millennium Development Goals as translated for South Africa. The Absa Foundation provides governance, oversight, and funds to all CSI initiatives. Through Flagship programmes, significant partnerships and survivalist project partnerships at grass-roots level.

Projects and Focus Areas

Absa’s key focus areas within CSI have been selected to meet the company’s goal of improving the lives of people across South Africa, and are aligned with national development imperatives as highlighted by government. These key focus areas are: .

Education
Entrepreneurship
Health
Employee Community Involvement
Group-wide community initiatives
Environment
Heritage, Arts and Culture
Education Back to top
Absa aims to improve the quality of, and access to education particularly among the many rural and disadvantaged communities in South Africa, with a focus on Mathematics, Science and Technology and Early Childhood Development.

Flagship projects include:

» The Beyers Naudé Schools Development Programme, and the
» Absa/Sowetan Early Childhood Development Awards.
Entrepreneurship Back to top
Unemployment and poverty are major challenges facing many South Africans today.

Absa’s focus is to help unemployed people find sustainable ways of earning a living with Job Creation, Skills Development and Survivalist projects.

Funding is provided for skills training, start-up capital and/or equipment as well as after-care support or mentorship.
Health Back to top

Absa partners with public benefit organisations (PBOs) to provide HIV and AIDS education and awareness, home-based care, assistance to orphans and vulnerable children, and associated income-generating programmes.

We also have a number of special health projects such as the
partnership with:

» The Cancer Association of South Africa (CANSA), and the
» Walter Sisulu Paediatric Cardiac Centre for Africa (WSPCCA).


Disability


Disabled people are among the most marginalised of all groups in South Africa and Absa partners with national organisations that create awareness of people with disabilities and, through various means, provide assistance.

The focus is aligned to Absa’s strategy to welcome customers and employees with disabilities through reasonable accommodation, and to establish Absa as the financial services industry employer of choice.

Absa strives to raise awareness and funds around the issue of disability, and does so through key partnerships with organisations – such as the Thabo Mbeki Development Trust - who share our vision. We are also proud supporters of Casual Day, and have assisted in raising funds exceeding R115 million for persons with disabilities over the last 15 years.

 

Employee Community Involvement Back to top
Absa has a vibrant employee culture of social giving; and through the Employee Community Involvement programme, our employees volunteer their time, energy and financial resources to needy institutions.

Absa encourages and recognises such volunteer efforts through:

» The Matching Fund,
» Give As You Earn, and
» Reashoma.
Group-wide community initiatives Back to top
In addition to individuals and groups of employees working together and partnering with community organisations, a number of divisions and business clusters are involved in CSI projects such as:

» Absa Sesego Cares,
» Absa Home Loans’ Project Vuka,
» Absa Retail Bank’s Bright Futures, and
» Personal Bank’s Talk Together Project.
Environment Back to top
Absa focuses on creating environmental awareness, education and conservation; with a view to preserving the country’s rich natural heritage and providing disadvantaged communities with trees and access to water; through partnerships with:

» The Peace Parks Foundation,
» World Wildlife Fund,
» Department of Environmental Affairs and Tourism, and
» The Department of Water Affairs and Forestry.
Heritage, Arts and Culture Back to top
The Absa Museum showcases the country’s financial and banking history, from primitive money to modern banking technology. The Absa Archives house extensive records stretching back to the origins of Johannesburg, and has spearheaded the establishment of an Archives Forum for Corporate Archives.

Absa has a long history of supporting the development of art with the aim to increase the richness, diversity and cultural expression of South Africa, with regular exhibitions at the Absa Gallery.
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