TechnologyOne Foundation eclipses expectations in pursuit to help 500,000 children out of poverty

Pictured: Radhika is a woman in India who used a small loan from Opportunity International Australia to buy seeds and gardening equipment, so she could farm a small plot of land and earn enough income to feed her children and send them to a good school.

Radhika also trained as a health leader and provides families in her village with health education to help them access clean water, build toilets and prevent common illnesses that keep families trapped in poverty generation after generation.

TechnologyOne (ASX:TNE) and Opportunity International Australia (Opportunity) have accelerated progress towards their ambitious goal to help 500,000 children and their families to free themselves from poverty, today reaching more than 12,000 in just 12 months.

TechnologyOne’s Executive Chairman Adrian Di Marco said he was excited by the incredible momentum TechnologyOne’s multi-million-dollar philanthropic partnership with Opportunity has created.

“We’re really proud of what we’ve achieved so far. In the last six months alone, we’ve helped more than 8,000 children and their families free themselves from poverty, and that progress is continuing to accelerate at a rapid speed.”

Through the TechnologyOne Foundation, Di Marco said the company is helping families break the inter-generational cycle of poverty, by supporting Opportunity’s innovative microfinancing approach to charitable giving.

“At TechnologyOne, we believe we’ve got a lot more to offer the world than just great software. We have the opportunity to assist families to live healthier, safer, more empowered lives. By investing in youth we can make the greatest impact,” Di Marco said.

Opportunity Chief Executive Officer Meredith Scott said by providing microfinance loans, Opportunity is equipping millions of women in India to build businesses, earn regular incomes, educate their children and create a future for their families.

“These women start a small business in their village and demonstrate real entrepreneurial skill to not only create a successful business, but to overcome the challenges of their environment such as a lack of clean water and sanitation and poor roads for transporting their products to market,” Scott said.

“When I was in India with Opportunity’s Board at the beginning of this year, I was inspired by the enterprising women living in rural villages who were building businesses using Opportunity loans—businesses like food stalls, dressmaking, kiosks and making papadums and tiffen (small boxes filled with a spicy lunch).

“Each of these women is determined to end her family’s poverty. They are driven to educate their children, so they can live dramatically different lives to their own.”

TechnologyOne has taken innovative approaches to reach its ambitious goal with Opportunity, enlisting the help of employees through a number of fundraisers, as well as customers and industry through conferences and events.

This month, the company will profile the Foundation and Opportunity at VicWater’s flagship Annual Conference, where TechnologyOne is the exclusive technology sponsor.

In lieu of handing out gifts, merchandise and sales brochures to delegates, the company will transform its exhibitor booth into an Opportunity information station. Opportunity CEO Meredith Scott will open the event’s dinner on Thursday 13 September.

“One of the many women the TechnologyOne and Opportunity partnership has assisted is Radhika (pictured), who has used her microfinance loan to farm a small plot of land. She also trained as a health leader and helped families in her village access clean water,” said Scott.

“This story in particular shares many synergies with the Victorian water sector, which campaigns to give every person on the planet access to basic human rights such as clean water and sanitation,” she added.

TechnologyOne established the TechnologyOne Foundation in 2016 to make a sustainable impact with measurable long-term benefits, by focusing on empowering disadvantaged youth to transform their lives. Its initiatives recently received a nod from the Australian Business Awards, with the TechnologyOne Foundation taking home the award for Community Contribution. TechnologyOne also ranked in the Top 40 Workplaces to Give Back in 2018.

TechnologyOne Foundation’s initiatives include:

  • Partnership with Opportunity International Australia, donating $100,000 per year towards its goal of getting 500,000 children and their families out of poverty.
  • Partnership with Pledge 1%, committing TechnologyOne to donating 1% of its time, 1% of profit and 1% of its product—amounting to a multi-million dollar annual investment.
  • A Recycle IT program in which the company donates IT waste to a local social enterprise - Substation33.
  • Disaster relief assistance to offer funds quickly to those in need when unfortunate world and local disasters occur.
  • Providing all team members with 2.5 paid volunteer days per year, allowing teams and individuals to spend additional time with their preferred charity or giving back to their local community.
  • Additional major charity partnerships with the School of St Jude, Salvation Army, Mission Australia and Fred Hollows Foundation

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