France
Social Responsibility in France
J.P. Morgan is committed to building vibrant communities, preserving our environment and promoting an inclusive culture across the globe that benefits people not only today, but for generations to come.
Globally, J.P. Morgan, through the JPMorgan Chase Foundation, provides grants to charities in three areas of focus: Education, Community Development and Arts & Culture. We prioritize our funding efforts to focus on responding to the deepening social need in the communities we serve. Across France our commitments include:
- Association pour le Droit à l'Initiative Economique (ADIE)
- Frateli
- Groupe SOS
Association pour le Droit à l'Initiative Economique (ADIE)
ADIE is a French non-profit organization that uses microfinance to provide wide access to credit, particularly to financially excluded, under-privileged people and communities. It is a founder and member of the European Microfinance Network (50 members throughout Europe) and is one of the most important institutions of microfinance in France as well as Western Europe. ADIE launched CréaJeunes, a program specifically targeting suburban youth between 18-32 years old who have an interest and passion to create their own micro enterprises, but need financial support and advice. The program is unique in that it not only offers financing, but also provides technical assistance/training to the young people most in need. CréaJeunes offers a solution to one of the major current problems in France, youth unemployment, and is supported by the French Government – Haut Commissariat aux Solidarités Actives.
Building upon J.P. Morgan’s previous support to CréaJeunes’ piloting phase, which has resulted in the creation of over 180 micro enterprises and benefited nearly 930 young people, the firm is extending the partnership to support CréaJeunes to scale up and expand into new geographic locations. With J.P. Morgan’s support, ADIE has been able to open a new CréaJeunes unit in central Paris which will form the start of the first cluster model alongside the Saint-Denis unit.
Frateli
Frateli aims to promote personal achievement and raise aspirations amongst talented young people from low-income families. Frateli’s mentoring program aims to inspire their students and address the imbalance of opportunities for young people in France. J.P. Morgan supported the expansion of Frateli’s mentoring program from its original location in Paris to Orléan-Tours, Dijon, Reims, Amiens, Rouen, Caen and Nantes which is a strategic development to enable more students to fulfill their academic potential.
Groupe SOS
Groupe SOS, established in 1984, aims to tackle all forms of social poverty. It comprises of 37 NGOs and social businesses in 13 of the 20 regions in France, and has a proven track record in the field of social integration. In the last 10 years, Groupe SOS has created six Work Integration Social Enterprises (WISEs) in growth sectors, such as catering and logistics, to provide jobs, vocational training as well as social support to marginalized people. J.P. Morgan is partnering with Groupe SOS to establish a comprehensive platform of social support to improve the sustainable integration rate into the mainstream labor market amongst disadvantaged people employed by WISEs.