IG Group commits to donate 1% of after-tax profits to charities
LONDON & CHICAGO – (COMMERCIAL THREAD) – IG Group (LON: IGG), a global leader in e-commerce, today announced that for each year from 2022 to 2025, it will pledge the equivalent of 1% of after-tax profits of the previous year to charities. This will take the form of a board-approved payment into IG’s charitable “Brighter Futures Fund” and will also include employee time volunteering. These contributions aim to build empowerment through education, with an emphasis on financial literacy, as well as science, technology, engineering and math (STEM) subjects.
“At IG, we are passionate about playing our part in supporting ambitious people. Empowering our customers through knowledge has always been at the heart of what we do. We believe that developing their understanding of all aspects of self-directed trading allows them to invest with confidence. We are particularly focused on assisting ambitious people in all the communities in which we operate, ”said June Felix, Global CEO of the IG Group.
She continued, “This new commitment is part of our continued commitment to play a role in helping improve the future of young people around the world – to inspire them to explore possibilities and reach their potential in life through the learning.”
The new pledge is an evolution of the company’s Brighter Future Fund, which was established in April 2020 to improve educational opportunities for the less privileged young people of our global communities, and to offer immediate help to those who have been the most. hard hit by the Covid-19 pandemic. It is integrated into the IG Group’s environmental, social and governance (ESG) strategy – the Brighter Future framework – which brings together IG’s ESG work around the world and is the expression of the long-term commitment of the group. company in favor of sustainable development and social responsibility. The 1% commitment will be allocated in accordance with the principles underlying the framework.
IG has a strong track record of partnering with education charities to tackle educational inequalities around the world. Key initiatives include:
commitment of £ 2 million for Teach for all UK network partner Teach first, an education charity that fights to make the education system work for every child
commitment of £ 2 million for Teach for all and their network partners around the world, including Teach the nation, and Teach for Poland, both recently created to tackle educational inequalities in South Africa and Poland, respectively
A long-term partnership with Code First Girls, a charity dedicated to transforming technology by providing the skills, space and inspiration for women to become developers and future leaders
“The global wealth gap, which has been widening for years, has been accelerated by the pandemic,” said Jon Noble, COO of the IG Group.
“By supporting philanthropic programs – particularly in the area of financial literacy – IG aims to level the playing field, especially for traditionally under-represented groups, to enable them to access greater financial opportunities and professional, ”he concluded.
The IG Group has been at the forefront of business innovation since 1974. Since then we have grown into a global financial technology company integrating the IG, Tasty, IG Prime, Spectrum, Nadex and DailyFX brands, with a presence in Europe, in North America, Africa, Asia-Pacific and the Middle East. Our award-winning products and platforms empower ambitious people around the world to unlock opportunities around the clock, giving them access to more than 19,000 financial markets. Today, more than 400,000 customers have made their home at IG Group.
IG Group Holdings plc is an established member of FTSE 250 and holds a long term investment grade credit rating of BBB- with a stable outlook of Fitch Rating.