ExxonMobil Foundation Announces $5 Million in New Grants in 2007 to Educate Women and Girls in Developing Countries
19 Janvier 2007 - 7:25PM
Business Wire
ExxonMobil Foundation announced today that it will make an
additional $5 million in grants available to organizations
dedicated to improving education and opportunities for women and
girls in developing countries. ExxonMobil's 2007 grants will bring
the total commitment for its Educating Women and Girls Initiative
to $11.5 million since its inauguration in 2005. ExxonMobil has a
long tradition of social contributions and investments in the
communities where the company has operations with over $100m in
community and social development programs in Africa since 2000.
Projects funded by the Educating Women and Girls Initiative help to
reduce barriers that prevent girls from attending school and
provide women with training to start or improve businesses and
nonprofit organizations. �We launched the Educating and Women and
Girls Initiative because an extensive body of research demonstrated
that expanding education and resources for women and girls is one
of the most effective ways to promote health and development,� said
Rex Tillerson, Chairman and Chief Executive Officer, Exxon Mobil
Corporation. �Now, we are beginning to see the benefits of our
earlier investments and are taking steps to increase the reach and
impact of our programs to benefit even more women and girls.� The
announcement of the new funding was made by Roberta Luxbacher,
ExxonMobil's Director of Europe Gas and Power Marketing, during the
Vital Voices Pan-African Leadership Summit in Cape Town, South
Africa. ExxonMobil is sponsoring 50 women and girls to attend this
historic summit. �Given ExxonMobil's long history in Africa, we
understand the value of expanding education and training of women
and girls,� said Luxbacher. �As one of the largest direct foreign
investors in Africa, ExxonMobil understands it makes sense to
foster economic growth and improve health on the continent � it is
good for our employees, our neighbors and our customers.� �This
level of private sector commitment is crucial to raising awareness
of issues affecting women worldwide,� said Melanne Verveer,
chairman of the board of the Vital Voices Global Partnership.
�Public-private partnerships are necessary if we want to ensure
full participation of women in society.� World Bank studies confirm
that programs directed at educating women and girls yield a higher
rate of return than any other community investment available in the
developing world. Educated women are healthier and less likely to
die in childbirth than women with little or no schooling. The
children of educated mothers are more likely to have better
nutrition and immunization rates and to live longer and healthier
lives. Educating women and girls has also been shown to help
improve sanitation, prevent the spread of HIV/AIDS, and improve
household incomes and economic growth. Note to Editor ExxonMobil
has a long presence on the African continent and its operations
have made the company one of the largest private foreign investors
in Africa. The continent accounts for more than 25 percent of
ExxonMobil�s net liquids production and is the largest growth area
in the company�s production portfolio. ExxonMobil Foundation is the
primary philanthropic arm of Exxon Mobil Corporation. The
Foundation engages in a broad range of philanthropic activities
focusing on the communities where Exxon Mobil Corporation has
significant operations. During 2005, ExxonMobil, its affiliates and
ExxonMobil Foundation provided $133 million in charitable
contributions and community investment worldwide. Vital Voices
Global Partnership invests in emerging women leaders � pioneers of
economic, political, and social advancement in their countries �
and builds the capabilities, connections, and credibility they need
to unlock their potential as catalysts of global progress. Through
leadership development and local empowerment programs around the
world, Vital Voices works to expand women�s roles in generating
economic opportunities, increasing political participation and
protecting human rights.
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