Across the globe, PwC firms are identifying and targeting the societal problems that education can help to address.
In the US, our Earn Your Future (EYF) initiative is continuing to grow. Launched in 2012 as a five-year $160 million commitment, EYF began with a vision: leveraging our best assets – our people’s talent and time, as well as our financial resources – to develop the financial skills of young people. In April 2015, the US firm extended the initiative by US$30 million. Over the past four years, PwC US partners and staff have given over 960,000 service hours and reached over 3.5 million students and educators.
The EYF programme has also been extended into Mexico, where 90 of our volunteers invested 483 hours in the first six months. Already, 78% of the students say they have applied their new financial knowledge in their daily lives. Financial literacy is also the focus of FLiP – a programme launched in August 2015 by our New Zealand firm – in which PwC staff travel to schools and deliver lessons alongside the class teacher. Since it was launched, they have spent over 1,500 hours of time helping 25 schools.
Elsewhere, in late 2015, PwC Australia launched the 21st Century Minds Accelerator Program, aimed at unearthing and scaling up some of Australia’s best science, technology, engineering and mathematics (STEM) education initiatives to build a pipeline of future innovators and problem-solvers. Initiatives being supported range from commercial businesses such as Makers Empire – which offers learning based on 3D printing – to not-for-profits like Robogals, which inspires and empowers girls to consider STEM studies and careers.
And in both Hong Kong and Malaysia, PwC is part of a number of collective impact initiatives – bringing together corporates, foundations and government agencies in local areas to work together on improving early childhood and school education and care for underprivileged families.