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PrintJ.P. Morgan's Commitment to the Australian Community
At J.P. Morgan, we believe that we can use our resources to help improve lives and strengthen the local communities in which we operate. The firm is committed to building vibrant communities, preserving our environment and promoting an inclusive culture. Each year J.P. Morgan distributes over US$100 million to selected charities across the globe.
In Australia, J.P. Morgan's philanthropic commitment to the local community is through education programs. In 2006, J.P. Morgan formed a relationship with The Bell Shakespeare Company as its New South Wales education partner. This was followed by a 2007 partnership with the Melbourne Symphony Orchestra (MSO) where J.P. Morgan is its Education and Community Outreach partner. These relationships expand J.P. Morgan's community based initiatives, which includes a corporate relationship with the Australian Business and Community Network (ABCN), which sees the firm work closely with the Granville South High School.
Our Australian philanthropic initiatives fit within our global organisational commitment to corporate responsibility detailed in our 2008 CSR report.
Bell Shakespeare
J.P. Morgan's focus on education in New South Wales is via the work of The Bell Shakespeare Company. As its NSW Education Partner we sponsor the Actors At Work program, ensuring students and teachers at remote schools nationally are given an opportunity to view Shakespeare's work and interact with and learn from the actors.
Melbourne Symphony Orchestra
With a reputation for excellence, versatility and innovation the MSO is Australia's internationally-acclaimed and oldest orchestra.
Our partnership will help to deliver a range of music programs that will benefit students, teachers and the wider Victorian community.
J.P. Morgan supports a range of education and community outreach projects for students and teachers from across Victoria including school concerts to master classes, creative workshops and free J.P. Morgan Family Jam Sessions with the MSO at Melbourne's Federation Square.
Australian Business and Community Network (ABCN)
J.P. Morgan Australia is a member of the Australian Business & Community Network, where business leaders come together in an effort to address social issues in the community, focusing on education amongst students from lower socio-economic backgrounds. J.P. Morgan employees play an active role in key ABCN programs, namely, the Partners in Learning, GOALS and SPARK programs.
Partners in Learning matches senior business partners with Principals and Deputy Principals in order to share experiences and understand the challenges facing many young people today.
Growing Opportunities and Learning Skills (GOALS) is a mentoring program that sees Year 9 students with limited opportunity paired with professionals from a wide range of roles who can encourage them to consider their vocational and educational options.
SPARK Reading and Literary Support is a mentoring program where business professionals spend an hour each week over two terms reading and spending time with students in Years 2 and 3; offering them the chance to socialise and learn from a non familial adult interested in seeing them succeed.
Community initiatives and partnerships:
As a company, J.P. Morgan is dedicated to forming strong community partnerships, and giving back to those who need it the most, through donations, grants and personal time.
Australia Day of Service
Globally, J.P. Morgan employees volunteer hundreds of thousands of hours each year in service to their communities, participating in a number of activities including an annual Day of Service. Over the last two years J.P. Morgan Australia employees have chosen to offer their services assisting with the general maintenance of a school in an area of high need in Sydney's Western suburbs, Granville South High School.
Football United
Football United is a soccer development program that aims to assist young refugees in their integration into Australian society by providing an enjoyable, supportive environment which facilitates group cohesion. J.P. Morgan became the official partner of the program in the Blacktown and Liverpool areas of Western Sydney in September 2008 and has since supported the program's integration into Granville South High school in conjunction with the Australian Business & Community Network's Partners in Learning program. Football United is the 2009 J.P. Morgan Corporate Challenge beneficiary in Australia.
Give As You Earn Program
J.P. Morgan Australia gives all permanent and fixed term employees the opportunity to donate to a selected charity directly from their pre-tax salary through the Give As You Earn Program. The charities supported by the Give As You Earn Program include the Australian Cancer Research Foundation, Australian Red Cross and the Children's Hospitals Australia. Many J.P. Morgan Australia employees chose to donate through this program each year.
Commitment to Progressive Employment Practices:
J.P. Morgan's aim both locally and globally is to be acknowledged as an employer of choice. We seek to create a culture where each employee is encouraged to reach their maximum potential. The critical factors in our vision are equality and diversity. We aim to build our teams with the best people doing their best work, regardless of nationality, gender, race, sexual orientation, age and physical ability. The framework of employment policies J.P. Morgan has built includes skills-focused recruitment, support for people returning to the workplace and Flexible Work Arrangements; these policies are supported across all areas of the bank and give us an edge over our competitors.
Our efforts are being rewarded in part, by the recognition we are receiving in the Australian Market. The awards we have achieved in Australia signify our commitment to progressive employment practices globally.
For the last four years running, J.P. Morgan has been recognised by the Australian Government as an Employer of Choice for Women, gaining a citation from the Equal Opportunity for Women in the Workplace Agency.
J.P. Morgan is one of only 99 companies in Australia to gain an EOWA citation, and one of only forty-two companies in New South Wales.
In 2007 J.P. Morgan was recognised by the Australian Government for our efforts in encouraging mature aged workers back in to the workforce. J.P. Morgan was listed as an Adage Top 20 2007 Recruiter, and was awarded the Pioneering Age Management Excellence Award by the Department for Workforce Participation. We were also recommended to the Department of Employment and Workplace Relations for inclusion in the Australian Employer Age Champions program.
On an international scale, J.P. Morgan has received many awards for progressive employment practices and has achieved a 100% rating on the Human Capital Index for the last five years running. The Human Capital Index is an evaluation conducted by the Human Rights Campaign to measure how well major corporations treat their gay, lesbian, bisexual and transgender employees and customers.
Environmental Footprint:
As a firm, we are committed to making a positive contribution to environmental sustainability in order for others to follow suit. With this in mind, J.P. Morgan has committed to an extensive environmental policy which actively seeks to reduce our environmental footprint. For more information regarding our environmental initiatives, please visit our global site.
Reducing financial risk:
J.P. Morgan is committed to participating in international efforts to reduce the risks faced by the financial services industry. In Australia, J.P. Morgan has been a participant in the establishment of regulation which promotes transparency and efficiency in the financial services industry. J.P. Morgan has participated in the Australian Financial Markets Association's AML working groups, co-operating with the Attorney General and AUSTRAC to help establish the Act and draft Rules, in addition to the Australian Custodial Services Association's AML working group. Our Compliance Department took a lead role in ensuring that the obligations of the Act are reflected in our current policies.