SBM Holdings Ltd: Best CSR Banking Sector Mauritius 2018

The SBM Holdings Ltd acts as an agent of change, developing and implementing high-impact and sustainable projects at the national level to help alleviate poverty and move the country towards its goal of becoming a higher-income economy. SBM’s Corporate Social Responsibility (CSR) initiatives, which focus on the education and empowerment of the nation’s most vulnerable groups, have become a reference model for the nation, setting an example for other firms to follow. As one of the most profitable companies of the Republic, SBM Holdings Ltd believes it has a duty to uplift the communities in which it operates and runs a variety of outreach initiatives through its social arm, the SBM Foundation. The Foundation’s efforts focus primarily on education as a tool for social empowerment. Since its launch, the SBM Scholarship Scheme has funded thousands of scholarships enabling deserving students to pursue university studies or vocational training, thus boosting their family household income as much as three-fold upon completion of their studies — making SBM the single largest provider of scholarships in Mauritius. In the spirit of synergy and sharing, SBM supports educational projects from 19 different NGOs, in addition to several inclusive projects for disabled people, ranging from prosthesis procurement to self-reliance systems. For its holistic approach to the strategic empowerment of the nation, the CFI.co judging panel names SBM Holdings Ltd as the 2018 winner of the Best CSR Banking Sector Mauritius award.