The event, which takes place from 23-26 September, explores how organisations can best leverage their expertise, resources and networks to address global social challenges.
Antony participated in a one-on-one panel discussion on the importance of the four billion people living at the base of the economic pyramid who hold $5 trillion in purchasing power and are key suppliers, customers, employees and entrepreneurs.
He outlined our lessons from Barclays’ Banking on Change partnership with CARE International UK and Plan UK, a programme which supports savings-led microfinance and has reached over 500,000 people to date, giving them access to basic financial services. The next £10m phase of the partnership will focus on linking many more of these informal savings groups to formal banking services by developing appropriate financial products and services.
Antony discussed the value of collaboration with clients in creating market solutions that deliver social benefits, and how our Citizenship strategy is a fundamental part of becoming the ‘Go-To’ bank. He also announced Barclays’ new CGI Commitment to Action, in partnership with GlaxoSmithKline, to increase access to healthcare and promote economic development in Zambia. The partnership aims to create a model that can be scaled across Africa.
Antony Jenkins said: “As a financial institution we have expertise, knowledge, networks, products and services that are critical for economic and social development. But we need to focus on what can be achieved if we combine those assets, with the expertise and resources of like-minded corporates across different sectors.”
Barclays hosted the CGI Sponsors Reception at our New York office (745 Seventh Avenue) on Monday evening. Guests included Secretary Hillary Rodham Clinton and Chelsea Clinton, in addition to CGI members, Barclays’ senior executives and clients.
Established in 2005 by President Bill Clinton, the CGI convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges.